The black market rate for 248 Dollars to Naira is 407,540.88 NGN as of today, 12:01 AM WAT.
When you convert 248 US Dollars to Nigerian Naira, you get 407,540.88 NGN, using the rate of 0.000609 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 |
|---|---|
| 248 Dollars to Naira | 407,540.88 |
| 248 Tether USD to Naira | 406,610.88 |
| 248 British Pounds to Naira | 494,301.2 |
| 248 Euros to Naira | 416,017.52 |
Last 7 days, 248 USD was traded for 407,531.88 NGN, yesterday it went for 407,539.38 NGN, and today it averages 407,540.88 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 248 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 25th January 2025 | $248 = 407,540.88 Naira |
| Friday, 24th January 2025 | $248 = 407,539.38 Naira |
| Thursday, 23rd January 2025 | $248 = 407,537.88 Naira |
| Wednesday, 22nd January 2025 | $248 = 407,536.38 Naira |
| Tuesday, 21st January 2025 | $248 = 407,534.88 Naira |
| Monday, 20th January 2025 | $248 = 407,533.38 Naira |
| Sunday, 19th January 2025 | $248 = 407,531.88 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,643.31 |
| 10 Dollars (USD) to Naira | 16,433.1 |
| 20 Dollars (USD) to Naira | 32,866.2 |
| 30 Dollars (USD) to Naira | 49,299.3 |
| 40 Dollars (USD) to Naira | 65,732.4 |
| 50 Dollars (USD) to Naira | 82,165.5 |
| 60 Dollars (USD) to Naira | 98,598.6 |
| 70 Dollars (USD) to Naira | 115,031.7 |
| 80 Dollars (USD) to Naira | 131,464.8 |
| 90 Dollars (USD) to Naira | 147,897.9 |
| 100 Dollars (USD) to Naira | 164,331 |
| 200 Dollars (USD) to Naira | 328,662 |
| 300 Dollars (USD) to Naira | 492,993 |
| 500 Dollars (USD) to Naira | 821,655 |
| 700 Dollars (USD) to Naira | 1,150,317 |
| 1,000 Dollars (USD) to Naira | 1,643,310 |
| 1,500 Dollars (USD) to Naira | 2,464,965 |
| 2,000 Dollars (USD) to Naira | 3,286,620 |
| 3,000 Dollars (USD) to Naira | 4,929,930 |
| 5,000 Dollars (USD) to Naira | 8,216,550 |
| 10,000 Dollars (USD) to Naira | 16,433,100 |
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.