The black market rate for 58031 Dollars to Naira is 97,403,872.88 NGN as of today, 06:29 AM WAT.
When you convert 58031 US Dollars to Nigerian Naira, you get 97,403,872.88 NGN, using the rate of 0.000596 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 |
|---|---|
| 58031 Dollars to Naira | 97,403,872.88 |
| 58031 Tether USD to Naira | 96,853,739 |
| 58031 British Pounds to Naira | 127,331,097.921 |
| 58031 Euros to Naira | 106,225,165.19 |
Last 7 days, 58031 USD was traded for 97,403,863.88 NGN, yesterday it went for 97,403,871.38 NGN, and today it averages 97,403,872.88 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 58031 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 7th October 2024 | $58031 = 97,403,872.88 Naira |
| Sunday, 6th October 2024 | $58031 = 97,403,871.38 Naira |
| Saturday, 5th October 2024 | $58031 = 97,403,869.88 Naira |
| Friday, 4th October 2024 | $58031 = 97,403,868.38 Naira |
| Thursday, 3rd October 2024 | $58031 = 97,403,866.88 Naira |
| Wednesday, 2nd October 2024 | $58031 = 97,403,865.38 Naira |
| Tuesday, 1st October 2024 | $58031 = 97,403,863.88 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,678.48 |
| 10 Dollars (USD) to Naira | 16,784.8 |
| 20 Dollars (USD) to Naira | 33,569.6 |
| 30 Dollars (USD) to Naira | 50,354.4 |
| 40 Dollars (USD) to Naira | 67,139.2 |
| 50 Dollars (USD) to Naira | 83,924 |
| 60 Dollars (USD) to Naira | 100,708.8 |
| 70 Dollars (USD) to Naira | 117,493.6 |
| 80 Dollars (USD) to Naira | 134,278.4 |
| 90 Dollars (USD) to Naira | 151,063.2 |
| 100 Dollars (USD) to Naira | 167,848 |
| 200 Dollars (USD) to Naira | 335,696 |
| 300 Dollars (USD) to Naira | 503,544 |
| 500 Dollars (USD) to Naira | 839,240 |
| 700 Dollars (USD) to Naira | 1,174,936 |
| 1,000 Dollars (USD) to Naira | 1,678,480 |
| 1,500 Dollars (USD) to Naira | 2,517,720 |
| 2,000 Dollars (USD) to Naira | 3,356,960 |
| 3,000 Dollars (USD) to Naira | 5,035,440 |
| 5,000 Dollars (USD) to Naira | 8,392,400 |
| 10,000 Dollars (USD) to Naira | 16,784,800 |
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.