The black market rate for 1000 Dollars to Naira is 1,657,540 NGN as of today, 07:48 PM WAT.
When you convert 1000 US Dollars to Nigerian Naira, you get 1,657,540 NGN, using the rate of 0.000603 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.
| Currency Conversion | Black Market Rate in Naira |
|---|---|
| 1000 Dollars to Naira | 1,657,540 |
| 1000 Tether USD to Naira | 1,652,980 |
| 1000 British Pounds to Naira | 1,989,610 |
| 1000 Euros to Naira | 1,680,100 |
Last 7 days, 1000 USD was traded for 1,657,531 NGN, yesterday it went for 1,657,538.5 NGN, and today it averages 1,657,540 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 1000 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 23rd January 2025 | $1000 = 1,657,540 Naira |
| Wednesday, 22nd January 2025 | $1000 = 1,657,538.5 Naira |
| Tuesday, 21st January 2025 | $1000 = 1,657,537 Naira |
| Monday, 20th January 2025 | $1000 = 1,657,535.5 Naira |
| Sunday, 19th January 2025 | $1000 = 1,657,534 Naira |
| Saturday, 18th January 2025 | $1000 = 1,657,532.5 Naira |
| Friday, 17th January 2025 | $1000 = 1,657,531 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,657.54 |
| 10 Dollars (USD) to Naira | 16,575.4 |
| 20 Dollars (USD) to Naira | 33,150.8 |
| 30 Dollars (USD) to Naira | 49,726.2 |
| 40 Dollars (USD) to Naira | 66,301.6 |
| 50 Dollars (USD) to Naira | 82,877 |
| 60 Dollars (USD) to Naira | 99,452.4 |
| 70 Dollars (USD) to Naira | 116,027.8 |
| 80 Dollars (USD) to Naira | 132,603.2 |
| 90 Dollars (USD) to Naira | 149,178.6 |
| 100 Dollars (USD) to Naira | 165,754 |
| 200 Dollars (USD) to Naira | 331,508 |
| 300 Dollars (USD) to Naira | 497,262 |
| 500 Dollars (USD) to Naira | 828,770 |
| 700 Dollars (USD) to Naira | 1,160,278 |
| 1,000 Dollars (USD) to Naira | 1,657,540 |
| 1,500 Dollars (USD) to Naira | 2,486,310 |
| 2,000 Dollars (USD) to Naira | 3,315,080 |
| 3,000 Dollars (USD) to Naira | 4,972,620 |
| 5,000 Dollars (USD) to Naira | 8,287,700 |
| 10,000 Dollars (USD) to Naira | 16,575,400 |
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.