The black market rate for 23500 Dollars to Naira is 39,442,400 NGN as of today, 01:12 AM WAT.
When you convert 23500 US Dollars to Nigerian Naira, you get 39,442,400 NGN, using the rate of 0.000596 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 |
|---|---|
| 23500 Dollars to Naira | 39,442,400 |
| 23500 Tether USD to Naira | 39,323,960 |
| 23500 British Pounds to Naira | 46,886,965 |
| 23500 Euros to Naira | 39,352,395 |
Last 7 days, 23500 USD was traded for 39,442,391 NGN, yesterday it went for 39,442,398.5 NGN, and today it averages 39,442,400 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 23500 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 16th January 2025 | $23500 = 39,442,400 Naira |
| Wednesday, 15th January 2025 | $23500 = 39,442,398.5 Naira |
| Tuesday, 14th January 2025 | $23500 = 39,442,397 Naira |
| Monday, 13th January 2025 | $23500 = 39,442,395.5 Naira |
| Sunday, 12th January 2025 | $23500 = 39,442,394 Naira |
| Saturday, 11th January 2025 | $23500 = 39,442,392.5 Naira |
| Friday, 10th January 2025 | $23500 = 39,442,391 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,678.4 |
| 10 Dollars (USD) to Naira | 16,784 |
| 20 Dollars (USD) to Naira | 33,568 |
| 30 Dollars (USD) to Naira | 50,352 |
| 40 Dollars (USD) to Naira | 67,136 |
| 50 Dollars (USD) to Naira | 83,920 |
| 60 Dollars (USD) to Naira | 100,704 |
| 70 Dollars (USD) to Naira | 117,488 |
| 80 Dollars (USD) to Naira | 134,272 |
| 90 Dollars (USD) to Naira | 151,056 |
| 100 Dollars (USD) to Naira | 167,840 |
| 200 Dollars (USD) to Naira | 335,680 |
| 300 Dollars (USD) to Naira | 503,520 |
| 500 Dollars (USD) to Naira | 839,200 |
| 700 Dollars (USD) to Naira | 1,174,880 |
| 1,000 Dollars (USD) to Naira | 1,678,400 |
| 1,500 Dollars (USD) to Naira | 2,517,600 |
| 2,000 Dollars (USD) to Naira | 3,356,800 |
| 3,000 Dollars (USD) to Naira | 5,035,200 |
| 5,000 Dollars (USD) to Naira | 8,392,000 |
| 10,000 Dollars (USD) to Naira | 16,784,000 |
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.