The black market rate for 31000 Dollars to Naira is 51,237,420 NGN as of today, 02:45 AM WAT.
When you convert 31000 US Dollars to Nigerian Naira, you get 51,237,420 NGN, using the rate of 0.000605 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 |
|---|---|
| 31000 Dollars to Naira | 51,237,420 |
| 31000 Tether USD to Naira | 51,188,750 |
| 31000 British Pounds to Naira | 62,047,740 |
| 31000 Euros to Naira | 51,331,350 |
Last 7 days, 31000 USD was traded for 51,237,411 NGN, yesterday it went for 51,237,418.5 NGN, and today it averages 51,237,420 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 31000 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Sunday, 29th December 2024 | $31000 = 51,237,420 Naira |
| Saturday, 28th December 2024 | $31000 = 51,237,418.5 Naira |
| Friday, 27th December 2024 | $31000 = 51,237,417 Naira |
| Thursday, 26th December 2024 | $31000 = 51,237,415.5 Naira |
| Wednesday, 25th December 2024 | $31000 = 51,237,414 Naira |
| Tuesday, 24th December 2024 | $31000 = 51,237,412.5 Naira |
| Monday, 23rd December 2024 | $31000 = 51,237,411 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,652.82 |
| 10 Dollars (USD) to Naira | 16,528.2 |
| 20 Dollars (USD) to Naira | 33,056.4 |
| 30 Dollars (USD) to Naira | 49,584.6 |
| 40 Dollars (USD) to Naira | 66,112.8 |
| 50 Dollars (USD) to Naira | 82,641 |
| 60 Dollars (USD) to Naira | 99,169.2 |
| 70 Dollars (USD) to Naira | 115,697.4 |
| 80 Dollars (USD) to Naira | 132,225.6 |
| 90 Dollars (USD) to Naira | 148,753.8 |
| 100 Dollars (USD) to Naira | 165,282 |
| 200 Dollars (USD) to Naira | 330,564 |
| 300 Dollars (USD) to Naira | 495,846 |
| 500 Dollars (USD) to Naira | 826,410 |
| 700 Dollars (USD) to Naira | 1,156,974 |
| 1,000 Dollars (USD) to Naira | 1,652,820 |
| 1,500 Dollars (USD) to Naira | 2,479,230 |
| 2,000 Dollars (USD) to Naira | 3,305,640 |
| 3,000 Dollars (USD) to Naira | 4,958,460 |
| 5,000 Dollars (USD) to Naira | 8,264,100 |
| 10,000 Dollars (USD) to Naira | 16,528,200 |
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.