The black market rate for 50000 Dollars to Naira is 83,387,500 NGN as of today, 11:31 PM WAT.
When you convert 50000 US Dollars to Nigerian Naira, you get 83,387,500 NGN, using the rate of 0.000600 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 |
|---|---|
| 50000 Dollars to Naira | 83,387,500 |
| 50000 Tether USD to Naira | 83,081,500 |
| 50000 British Pounds to Naira | 98,670,000 |
| 50000 Euros to Naira | 82,769,500 |
Last 7 days, 50000 USD was traded for 83,387,491 NGN, yesterday it went for 83,387,498.5 NGN, and today it averages 83,387,500 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 50000 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Sunday, 12th January 2025 | $50000 = 83,387,500 Naira |
| Saturday, 11th January 2025 | $50000 = 83,387,498.5 Naira |
| Friday, 10th January 2025 | $50000 = 83,387,497 Naira |
| Thursday, 9th January 2025 | $50000 = 83,387,495.5 Naira |
| Wednesday, 8th January 2025 | $50000 = 83,387,494 Naira |
| Tuesday, 7th January 2025 | $50000 = 83,387,492.5 Naira |
| Monday, 6th January 2025 | $50000 = 83,387,491 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,667.75 |
| 10 Dollars (USD) to Naira | 16,677.5 |
| 20 Dollars (USD) to Naira | 33,355 |
| 30 Dollars (USD) to Naira | 50,032.5 |
| 40 Dollars (USD) to Naira | 66,710 |
| 50 Dollars (USD) to Naira | 83,387.5 |
| 60 Dollars (USD) to Naira | 100,065 |
| 70 Dollars (USD) to Naira | 116,742.5 |
| 80 Dollars (USD) to Naira | 133,420 |
| 90 Dollars (USD) to Naira | 150,097.5 |
| 100 Dollars (USD) to Naira | 166,775 |
| 200 Dollars (USD) to Naira | 333,550 |
| 300 Dollars (USD) to Naira | 500,325 |
| 500 Dollars (USD) to Naira | 833,875 |
| 700 Dollars (USD) to Naira | 1,167,425 |
| 1,000 Dollars (USD) to Naira | 1,667,750 |
| 1,500 Dollars (USD) to Naira | 2,501,625 |
| 2,000 Dollars (USD) to Naira | 3,335,500 |
| 3,000 Dollars (USD) to Naira | 5,003,250 |
| 5,000 Dollars (USD) to Naira | 8,338,750 |
| 10,000 Dollars (USD) to Naira | 16,677,500 |
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.