The black market rate for 31916 Dollars to Naira is 54,217,305 NGN as of today, 09:28 AM WAT.
When you convert 31916 US Dollars to Nigerian Naira, you get 54,217,305 NGN, using the rate of 0.000589 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 |
|---|---|
| 31916 Dollars to Naira | 54,217,305 |
| 31916 Tether USD to Naira | 53,906,124 |
| 31916 British Pounds to Naira | 70,029,799.956 |
| 31916 Euros to Naira | 58,421,918.84 |
Last 7 days, 31916 USD was traded for 54,217,296 NGN, yesterday it went for 54,217,303.5 NGN, and today it averages 54,217,305 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 31916 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 28th September 2024 | $31916 = 54,217,305 Naira |
| Friday, 27th September 2024 | $31916 = 54,217,303.5 Naira |
| Thursday, 26th September 2024 | $31916 = 54,217,302 Naira |
| Wednesday, 25th September 2024 | $31916 = 54,217,300.5 Naira |
| Tuesday, 24th September 2024 | $31916 = 54,217,299 Naira |
| Monday, 23rd September 2024 | $31916 = 54,217,297.5 Naira |
| Sunday, 22nd September 2024 | $31916 = 54,217,296 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,698.75 |
| 10 Dollars (USD) to Naira | 16,987.5 |
| 20 Dollars (USD) to Naira | 33,975 |
| 30 Dollars (USD) to Naira | 50,962.5 |
| 40 Dollars (USD) to Naira | 67,950 |
| 50 Dollars (USD) to Naira | 84,937.5 |
| 60 Dollars (USD) to Naira | 101,925 |
| 70 Dollars (USD) to Naira | 118,912.5 |
| 80 Dollars (USD) to Naira | 135,900 |
| 90 Dollars (USD) to Naira | 152,887.5 |
| 100 Dollars (USD) to Naira | 169,875 |
| 200 Dollars (USD) to Naira | 339,750 |
| 300 Dollars (USD) to Naira | 509,625 |
| 500 Dollars (USD) to Naira | 849,375 |
| 700 Dollars (USD) to Naira | 1,189,125 |
| 1,000 Dollars (USD) to Naira | 1,698,750 |
| 1,500 Dollars (USD) to Naira | 2,548,125 |
| 2,000 Dollars (USD) to Naira | 3,397,500 |
| 3,000 Dollars (USD) to Naira | 5,096,250 |
| 5,000 Dollars (USD) to Naira | 8,493,750 |
| 10,000 Dollars (USD) to Naira | 16,987,500 |
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.