The black market rate for 40700 Dollars to Naira is 70,377,219 NGN as of today, 11:06 PM WAT.
When you convert 40700 US Dollars to Nigerian Naira, you get 70,377,219 NGN, using the rate of 0.000578 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 |
|---|---|
| 40700 Dollars to Naira | 70,377,219 |
| 40700 Tether USD to Naira | 70,044,700 |
| 40700 British Pounds to Naira | 88,175,329 |
| 40700 Euros to Naira | 74,377,622 |
Last 7 days, 40700 USD was traded for 70,377,210 NGN, yesterday it went for 70,377,217.5 NGN, and today it averages 70,377,219 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 40700 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Tuesday, 5th November 2024 | $40700 = 70,377,219 Naira |
| Monday, 4th November 2024 | $40700 = 70,377,217.5 Naira |
| Sunday, 3rd November 2024 | $40700 = 70,377,216 Naira |
| Saturday, 2nd November 2024 | $40700 = 70,377,214.5 Naira |
| Friday, 1st November 2024 | $40700 = 70,377,213 Naira |
| Thursday, 31st October 2024 | $40700 = 70,377,211.5 Naira |
| Wednesday, 30th October 2024 | $40700 = 70,377,210 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,729.17 |
| 10 Dollars (USD) to Naira | 17,291.7 |
| 20 Dollars (USD) to Naira | 34,583.4 |
| 30 Dollars (USD) to Naira | 51,875.1 |
| 40 Dollars (USD) to Naira | 69,166.8 |
| 50 Dollars (USD) to Naira | 86,458.5 |
| 60 Dollars (USD) to Naira | 103,750.2 |
| 70 Dollars (USD) to Naira | 121,041.9 |
| 80 Dollars (USD) to Naira | 138,333.6 |
| 90 Dollars (USD) to Naira | 155,625.3 |
| 100 Dollars (USD) to Naira | 172,917 |
| 200 Dollars (USD) to Naira | 345,834 |
| 300 Dollars (USD) to Naira | 518,751 |
| 500 Dollars (USD) to Naira | 864,585 |
| 700 Dollars (USD) to Naira | 1,210,419 |
| 1,000 Dollars (USD) to Naira | 1,729,170 |
| 1,500 Dollars (USD) to Naira | 2,593,755 |
| 2,000 Dollars (USD) to Naira | 3,458,340 |
| 3,000 Dollars (USD) to Naira | 5,187,510 |
| 5,000 Dollars (USD) to Naira | 8,645,850 |
| 10,000 Dollars (USD) to Naira | 17,291,700 |
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.