The black market rate for Dollar to Naira conversion is NGN 1,605.16 for 1 USD, as at today September 7th, 2024, 01:10 AM.
When you convert 1 US Dollars to Nigerian Naira, you get 1,605.16 NGN, using the rate of 0.000623 USD for 1 NGN. *This rate is obtained using the black market average across various unofficial channels outside the CBN.
You can use the currency converter above to check USD rates and it’s NGN equivalent. See also our USDT to Naira converter.
Last 7 days, the US Dollar was traded for 1,596.16 NGN, yesterday it went for 1,603.66 NGN, and today it averages 1,605.16 Naira in the black market. Here is the complete price chart in the last 7 days. Compare the daily prices for 1 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 7th September 2024 | $1 = 1,605.16 Naira |
| Friday, 6th September 2024 | $1 = 1,603.66 Naira |
| Thursday, 5th September 2024 | $1 = 1,602.16 Naira |
| Wednesday, 4th September 2024 | $1 = 1,600.66 Naira |
| Tuesday, 3rd September 2024 | $1 = 1,599.16 Naira |
| Monday, 2nd September 2024 | $1 = 1,597.66 Naira |
| Sunday, 1st September 2024 | $1 = 1,596.16 Naira |
| US Dollars | Black Market Rate in Naira |
|---|---|
| 1 Dollars (USD) to Naira | 1,605.16 |
| 10 Dollars (USD) to Naira | 16,051.6 |
| 20 Dollars (USD) to Naira | 32,103.2 |
| 30 Dollars (USD) to Naira | 48,154.8 |
| 40 Dollars (USD) to Naira | 64,206.4 |
| 50 Dollars (USD) to Naira | 80,258 |
| 60 Dollars (USD) to Naira | 96,309.6 |
| 70 Dollars (USD) to Naira | 112,361.2 |
| 80 Dollars (USD) to Naira | 128,412.8 |
| 90 Dollars (USD) to Naira | 144,464.4 |
| 100 Dollars (USD) to Naira | 160,516 |
| 200 Dollars (USD) to Naira | 321,032 |
| 300 Dollars (USD) to Naira | 481,548 |
| 500 Dollars (USD) to Naira | 802,580 |
| 700 Dollars (USD) to Naira | 1,123,612 |
| 1,000 Dollars (USD) to Naira | 1,605,160 |
| 1,500 Dollars (USD) to Naira | 2,407,740 |
| 2,000 Dollars (USD) to Naira | 3,210,320 |
| 3,000 Dollars (USD) to Naira | 4,815,480 |
| 5,000 Dollars (USD) to Naira | 8,025,800 |
| 10,000 Dollars (USD) to Naira | 16,051,600 |
| Amount (Nigerian Naira) | USD Price |
|---|---|
| 1 NGN | 0.001 USD |
| 100 NGN | 0.062 USD |
| 1,000 NGN | 0.623 USD |
| 10,000 NGN | 6.23 USD |
| 15,000 NGN | 9.345 USD |
| 20,000 NGN | 12.46 USD |
| 50,000 NGN | 31.15 USD |
| 60,000 NGN | 37.379 USD |
| 70,000 NGN | 43.609 USD |
| 100,000 NGN | 62.299 USD |
| 150,000 NGN | 93.449 USD |
| 250,000 NGN | 155.748 USD |
| 300,000 NGN | 186.897 USD |
| 500,000 NGN | 311.495 USD |
| 700,000 NGN | 436.094 USD |
| 1,000,000 NGN | 622.991 USD |
| 2,000,000 NGN | 1,245.982 USD |
In Nigeria, the black market for USD (Black Market Dollars) refers to the unofficial exchange of U.S. dollars at rates significantly higher than the official rate set by the Central Bank of Nigeria. This unregulated parallel market reflects economic pressures such as inflation, foreign exchange shortages, and regulatory constraints.
The Nigerian Naira (NGN), represented by the symbol ₦, is Nigeria's official currency. It is issued by the Central Bank of Nigeria and is used for all domestic transactions, available in both coin and banknote forms.