The black market rate for 16316 Dollars to Naira is 27,304,826 NGN as of today, 03:21 AM WAT.
When you convert 16316 US Dollars to Nigerian Naira, you get 27,304,826 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 |
|---|---|
| 16316 Dollars to Naira | 27,304,826 |
| 16316 Tether USD to Naira | 27,149,660.84 |
| 16316 British Pounds to Naira | 35,575,863.248 |
| 16316 Euros to Naira | 29,829,237.52 |
Last 7 days, 16316 USD was traded for 27,304,817 NGN, yesterday it went for 27,304,824.5 NGN, and today it averages 27,304,826 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 16316 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Sunday, 22nd September 2024 | $16316 = 27,304,826 Naira |
| Saturday, 21st September 2024 | $16316 = 27,304,824.5 Naira |
| Friday, 20th September 2024 | $16316 = 27,304,823 Naira |
| Thursday, 19th September 2024 | $16316 = 27,304,821.5 Naira |
| Wednesday, 18th September 2024 | $16316 = 27,304,820 Naira |
| Tuesday, 17th September 2024 | $16316 = 27,304,818.5 Naira |
| Monday, 16th September 2024 | $16316 = 27,304,817 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,673.5 |
| 10 Dollars (USD) to Naira | 16,735 |
| 20 Dollars (USD) to Naira | 33,470 |
| 30 Dollars (USD) to Naira | 50,205 |
| 40 Dollars (USD) to Naira | 66,940 |
| 50 Dollars (USD) to Naira | 83,675 |
| 60 Dollars (USD) to Naira | 100,410 |
| 70 Dollars (USD) to Naira | 117,145 |
| 80 Dollars (USD) to Naira | 133,880 |
| 90 Dollars (USD) to Naira | 150,615 |
| 100 Dollars (USD) to Naira | 167,350 |
| 200 Dollars (USD) to Naira | 334,700 |
| 300 Dollars (USD) to Naira | 502,050 |
| 500 Dollars (USD) to Naira | 836,750 |
| 700 Dollars (USD) to Naira | 1,171,450 |
| 1,000 Dollars (USD) to Naira | 1,673,500 |
| 1,500 Dollars (USD) to Naira | 2,510,250 |
| 2,000 Dollars (USD) to Naira | 3,347,000 |
| 3,000 Dollars (USD) to Naira | 5,020,500 |
| 5,000 Dollars (USD) to Naira | 8,367,500 |
| 10,000 Dollars (USD) to Naira | 16,735,000 |
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.