The black market rate for 700 Dollars to Naira is 1,165,423 NGN as of today, 12:10 PM WAT.
When you convert 700 US Dollars to Nigerian Naira, you get 1,165,423 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 |
|---|---|
| 700 Dollars to Naira | 1,165,423 |
| 700 Tether USD to Naira | 1,156,701 |
| 700 British Pounds to Naira | 1,514,979.9 |
| 700 Euros to Naira | 1,276,695 |
Last 7 days, 700 USD was traded for 1,165,414 NGN, yesterday it went for 1,165,421.5 NGN, and today it averages 1,165,423 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 700 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Monday, 16th September 2024 | $700 = 1,165,423 Naira |
| Sunday, 15th September 2024 | $700 = 1,165,421.5 Naira |
| Saturday, 14th September 2024 | $700 = 1,165,420 Naira |
| Friday, 13th September 2024 | $700 = 1,165,418.5 Naira |
| Thursday, 12th September 2024 | $700 = 1,165,417 Naira |
| Wednesday, 11th September 2024 | $700 = 1,165,415.5 Naira |
| Tuesday, 10th September 2024 | $700 = 1,165,414 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.