The black market rate for 11040 Dollars to Naira is 18,458,880 NGN as of today, 04:22 AM WAT.
When you convert 11040 US Dollars to Nigerian Naira, you get 18,458,880 NGN, using the rate of 0.000598 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 |
|---|---|
| 11040 Dollars to Naira | 18,458,880 |
| 11040 Tether USD to Naira | 18,221,078.4 |
| 11040 British Pounds to Naira | 24,057,970.56 |
| 11040 Euros to Naira | 20,207,616 |
Last 7 days, 11040 USD was traded for 18,458,871 NGN, yesterday it went for 18,458,878.5 NGN, and today it averages 18,458,880 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 11040 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Friday, 20th September 2024 | $11040 = 18,458,880 Naira |
| Thursday, 19th September 2024 | $11040 = 18,458,878.5 Naira |
| Wednesday, 18th September 2024 | $11040 = 18,458,877 Naira |
| Tuesday, 17th September 2024 | $11040 = 18,458,875.5 Naira |
| Monday, 16th September 2024 | $11040 = 18,458,874 Naira |
| Sunday, 15th September 2024 | $11040 = 18,458,872.5 Naira |
| Saturday, 14th September 2024 | $11040 = 18,458,871 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,672 |
| 10 Dollars (USD) to Naira | 16,720 |
| 20 Dollars (USD) to Naira | 33,440 |
| 30 Dollars (USD) to Naira | 50,160 |
| 40 Dollars (USD) to Naira | 66,880 |
| 50 Dollars (USD) to Naira | 83,600 |
| 60 Dollars (USD) to Naira | 100,320 |
| 70 Dollars (USD) to Naira | 117,040 |
| 80 Dollars (USD) to Naira | 133,760 |
| 90 Dollars (USD) to Naira | 150,480 |
| 100 Dollars (USD) to Naira | 167,200 |
| 200 Dollars (USD) to Naira | 334,400 |
| 300 Dollars (USD) to Naira | 501,600 |
| 500 Dollars (USD) to Naira | 836,000 |
| 700 Dollars (USD) to Naira | 1,170,400 |
| 1,000 Dollars (USD) to Naira | 1,672,000 |
| 1,500 Dollars (USD) to Naira | 2,508,000 |
| 2,000 Dollars (USD) to Naira | 3,344,000 |
| 3,000 Dollars (USD) to Naira | 5,016,000 |
| 5,000 Dollars (USD) to Naira | 8,360,000 |
| 10,000 Dollars (USD) to Naira | 16,720,000 |
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.