The black market rate for 531 Dollars to Naira is 925,267.5 NGN as of today, 04:32 PM WAT.
When you convert 531 US Dollars to Nigerian Naira, you get 925,267.5 NGN, using the rate of 0.000574 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 |
|---|---|
| 531 Dollars to Naira | 925,267.5 |
| 531 Tether USD to Naira | 923,143.5 |
| 531 British Pounds to Naira | 1,134,254.763 |
| 531 Euros to Naira | 951,036.93 |
Last 7 days, 531 USD was traded for 925,258.5 NGN, yesterday it went for 925,266 NGN, and today it averages 925,267.5 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 531 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Thursday, 14th November 2024 | $531 = 925,267.5 Naira |
| Wednesday, 13th November 2024 | $531 = 925,266 Naira |
| Tuesday, 12th November 2024 | $531 = 925,264.5 Naira |
| Monday, 11th November 2024 | $531 = 925,263 Naira |
| Sunday, 10th November 2024 | $531 = 925,261.5 Naira |
| Saturday, 9th November 2024 | $531 = 925,260 Naira |
| Friday, 8th November 2024 | $531 = 925,258.5 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,742.5 |
| 10 Dollars (USD) to Naira | 17,425 |
| 20 Dollars (USD) to Naira | 34,850 |
| 30 Dollars (USD) to Naira | 52,275 |
| 40 Dollars (USD) to Naira | 69,700 |
| 50 Dollars (USD) to Naira | 87,125 |
| 60 Dollars (USD) to Naira | 104,550 |
| 70 Dollars (USD) to Naira | 121,975 |
| 80 Dollars (USD) to Naira | 139,400 |
| 90 Dollars (USD) to Naira | 156,825 |
| 100 Dollars (USD) to Naira | 174,250 |
| 200 Dollars (USD) to Naira | 348,500 |
| 300 Dollars (USD) to Naira | 522,750 |
| 500 Dollars (USD) to Naira | 871,250 |
| 700 Dollars (USD) to Naira | 1,219,750 |
| 1,000 Dollars (USD) to Naira | 1,742,500 |
| 1,500 Dollars (USD) to Naira | 2,613,750 |
| 2,000 Dollars (USD) to Naira | 3,485,000 |
| 3,000 Dollars (USD) to Naira | 5,227,500 |
| 5,000 Dollars (USD) to Naira | 8,712,500 |
| 10,000 Dollars (USD) to Naira | 17,425,000 |
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.