The black market rate for 500 Dollars to Naira is 832,445 NGN as of today, 12:11 PM WAT.
When you convert 500 US Dollars to Nigerian Naira, you get 832,445 NGN, using the rate of 0.000601 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 |
|---|---|
| 500 Dollars to Naira | 832,445 |
| 500 Tether USD to Naira | 826,215 |
| 500 British Pounds to Naira | 1,082,128.5 |
| 500 Euros to Naira | 911,925 |
Last 7 days, 500 USD was traded for 832,436 NGN, yesterday it went for 832,443.5 NGN, and today it averages 832,445 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 500 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 16th September 2024 | $500 = 832,445 Naira |
| Sunday, 15th September 2024 | $500 = 832,443.5 Naira |
| Saturday, 14th September 2024 | $500 = 832,442 Naira |
| Friday, 13th September 2024 | $500 = 832,440.5 Naira |
| Thursday, 12th September 2024 | $500 = 832,439 Naira |
| Wednesday, 11th September 2024 | $500 = 832,437.5 Naira |
| Tuesday, 10th September 2024 | $500 = 832,436 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,664.89 |
| 10 Dollars (USD) to Naira | 16,648.9 |
| 20 Dollars (USD) to Naira | 33,297.8 |
| 30 Dollars (USD) to Naira | 49,946.7 |
| 40 Dollars (USD) to Naira | 66,595.6 |
| 50 Dollars (USD) to Naira | 83,244.5 |
| 60 Dollars (USD) to Naira | 99,893.4 |
| 70 Dollars (USD) to Naira | 116,542.3 |
| 80 Dollars (USD) to Naira | 133,191.2 |
| 90 Dollars (USD) to Naira | 149,840.1 |
| 100 Dollars (USD) to Naira | 166,489 |
| 200 Dollars (USD) to Naira | 332,978 |
| 300 Dollars (USD) to Naira | 499,467 |
| 500 Dollars (USD) to Naira | 832,445 |
| 700 Dollars (USD) to Naira | 1,165,423 |
| 1,000 Dollars (USD) to Naira | 1,664,890 |
| 1,500 Dollars (USD) to Naira | 2,497,335 |
| 2,000 Dollars (USD) to Naira | 3,329,780 |
| 3,000 Dollars (USD) to Naira | 4,994,670 |
| 5,000 Dollars (USD) to Naira | 8,324,450 |
| 10,000 Dollars (USD) to Naira | 16,648,900 |
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.