The black market rate for 58550 Dollars to Naira is 98,030,265 NGN as of today, 03:24 AM WAT.
When you convert 58550 US Dollars to Nigerian Naira, you get 98,030,265 NGN, using the rate of 0.000597 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 |
|---|---|
| 58550 Dollars to Naira | 98,030,265 |
| 58550 Tether USD to Naira | 97,679,550.5 |
| 58550 British Pounds to Naira | 116,309,575 |
| 58550 Euros to Naira | 97,951,808 |
Last 7 days, 58550 USD was traded for 98,030,256 NGN, yesterday it went for 98,030,263.5 NGN, and today it averages 98,030,265 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 58550 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Sunday, 19th January 2025 | $58550 = 98,030,265 Naira |
| Saturday, 18th January 2025 | $58550 = 98,030,263.5 Naira |
| Friday, 17th January 2025 | $58550 = 98,030,262 Naira |
| Thursday, 16th January 2025 | $58550 = 98,030,260.5 Naira |
| Wednesday, 15th January 2025 | $58550 = 98,030,259 Naira |
| Tuesday, 14th January 2025 | $58550 = 98,030,257.5 Naira |
| Monday, 13th January 2025 | $58550 = 98,030,256 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,674.3 |
| 10 Dollars (USD) to Naira | 16,743 |
| 20 Dollars (USD) to Naira | 33,486 |
| 30 Dollars (USD) to Naira | 50,229 |
| 40 Dollars (USD) to Naira | 66,972 |
| 50 Dollars (USD) to Naira | 83,715 |
| 60 Dollars (USD) to Naira | 100,458 |
| 70 Dollars (USD) to Naira | 117,201 |
| 80 Dollars (USD) to Naira | 133,944 |
| 90 Dollars (USD) to Naira | 150,687 |
| 100 Dollars (USD) to Naira | 167,430 |
| 200 Dollars (USD) to Naira | 334,860 |
| 300 Dollars (USD) to Naira | 502,290 |
| 500 Dollars (USD) to Naira | 837,150 |
| 700 Dollars (USD) to Naira | 1,172,010 |
| 1,000 Dollars (USD) to Naira | 1,674,300 |
| 1,500 Dollars (USD) to Naira | 2,511,450 |
| 2,000 Dollars (USD) to Naira | 3,348,600 |
| 3,000 Dollars (USD) to Naira | 5,022,900 |
| 5,000 Dollars (USD) to Naira | 8,371,500 |
| 10,000 Dollars (USD) to Naira | 16,743,000 |
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.