The black market rate for 12400 Dollars to Naira is 20,471,532 NGN as of today, 09:34 PM WAT.
When you convert 12400 US Dollars to Nigerian Naira, you get 20,471,532 NGN, using the rate of 0.000606 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 |
|---|---|
| 12400 Dollars to Naira | 20,471,532 |
| 12400 Tether USD to Naira | 20,493,728 |
| 12400 British Pounds to Naira | 24,944,708 |
| 12400 Euros to Naira | 20,594,540 |
Last 7 days, 12400 USD was traded for 20,471,523 NGN, yesterday it went for 20,471,530.5 NGN, and today it averages 20,471,532 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 12400 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 30th December 2024 | $12400 = 20,471,532 Naira |
| Sunday, 29th December 2024 | $12400 = 20,471,530.5 Naira |
| Saturday, 28th December 2024 | $12400 = 20,471,529 Naira |
| Friday, 27th December 2024 | $12400 = 20,471,527.5 Naira |
| Thursday, 26th December 2024 | $12400 = 20,471,526 Naira |
| Wednesday, 25th December 2024 | $12400 = 20,471,524.5 Naira |
| Tuesday, 24th December 2024 | $12400 = 20,471,523 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,650.93 |
| 10 Dollars (USD) to Naira | 16,509.3 |
| 20 Dollars (USD) to Naira | 33,018.6 |
| 30 Dollars (USD) to Naira | 49,527.9 |
| 40 Dollars (USD) to Naira | 66,037.2 |
| 50 Dollars (USD) to Naira | 82,546.5 |
| 60 Dollars (USD) to Naira | 99,055.8 |
| 70 Dollars (USD) to Naira | 115,565.1 |
| 80 Dollars (USD) to Naira | 132,074.4 |
| 90 Dollars (USD) to Naira | 148,583.7 |
| 100 Dollars (USD) to Naira | 165,093 |
| 200 Dollars (USD) to Naira | 330,186 |
| 300 Dollars (USD) to Naira | 495,279 |
| 500 Dollars (USD) to Naira | 825,465 |
| 700 Dollars (USD) to Naira | 1,155,651 |
| 1,000 Dollars (USD) to Naira | 1,650,930 |
| 1,500 Dollars (USD) to Naira | 2,476,395 |
| 2,000 Dollars (USD) to Naira | 3,301,860 |
| 3,000 Dollars (USD) to Naira | 4,952,790 |
| 5,000 Dollars (USD) to Naira | 8,254,650 |
| 10,000 Dollars (USD) to Naira | 16,509,300 |
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.