The black market rate for 11500 Dollars to Naira is 18,917,845 NGN as of today, 11:30 AM WAT.
When you convert 11500 US Dollars to Nigerian Naira, you get 18,917,845 NGN, using the rate of 0.000608 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 |
|---|---|
| 11500 Dollars to Naira | 18,917,845 |
| 11500 Tether USD to Naira | 18,932,335 |
| 11500 British Pounds to Naira | 22,972,400 |
| 11500 Euros to Naira | 19,060,560 |
Last 7 days, 11500 USD was traded for 18,917,836 NGN, yesterday it went for 18,917,843.5 NGN, and today it averages 18,917,845 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 11500 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Friday, 27th December 2024 | $11500 = 18,917,845 Naira |
| Thursday, 26th December 2024 | $11500 = 18,917,843.5 Naira |
| Wednesday, 25th December 2024 | $11500 = 18,917,842 Naira |
| Tuesday, 24th December 2024 | $11500 = 18,917,840.5 Naira |
| Monday, 23rd December 2024 | $11500 = 18,917,839 Naira |
| Sunday, 22nd December 2024 | $11500 = 18,917,837.5 Naira |
| Saturday, 21st December 2024 | $11500 = 18,917,836 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,645.03 |
| 10 Dollars (USD) to Naira | 16,450.3 |
| 20 Dollars (USD) to Naira | 32,900.6 |
| 30 Dollars (USD) to Naira | 49,350.9 |
| 40 Dollars (USD) to Naira | 65,801.2 |
| 50 Dollars (USD) to Naira | 82,251.5 |
| 60 Dollars (USD) to Naira | 98,701.8 |
| 70 Dollars (USD) to Naira | 115,152.1 |
| 80 Dollars (USD) to Naira | 131,602.4 |
| 90 Dollars (USD) to Naira | 148,052.7 |
| 100 Dollars (USD) to Naira | 164,503 |
| 200 Dollars (USD) to Naira | 329,006 |
| 300 Dollars (USD) to Naira | 493,509 |
| 500 Dollars (USD) to Naira | 822,515 |
| 700 Dollars (USD) to Naira | 1,151,521 |
| 1,000 Dollars (USD) to Naira | 1,645,030 |
| 1,500 Dollars (USD) to Naira | 2,467,545 |
| 2,000 Dollars (USD) to Naira | 3,290,060 |
| 3,000 Dollars (USD) to Naira | 4,935,090 |
| 5,000 Dollars (USD) to Naira | 8,225,150 |
| 10,000 Dollars (USD) to Naira | 16,450,300 |
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.