The black market rate for 8731 Dollars to Naira is 14,615,694 NGN as of today, 04:24 AM WAT.
When you convert 8731 US Dollars to Nigerian Naira, you get 14,615,694 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 |
|---|---|
| 8731 Dollars to Naira | 14,615,694 |
| 8731 Tether USD to Naira | 14,484,729 |
| 8731 British Pounds to Naira | 19,061,999.405 |
| 8731 Euros to Naira | 15,996,676.27 |
Last 7 days, 8731 USD was traded for 14,615,685 NGN, yesterday it went for 14,615,692.5 NGN, and today it averages 14,615,694 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 8731 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 21st September 2024 | $8731 = 14,615,694 Naira |
| Friday, 20th September 2024 | $8731 = 14,615,692.5 Naira |
| Thursday, 19th September 2024 | $8731 = 14,615,691 Naira |
| Wednesday, 18th September 2024 | $8731 = 14,615,689.5 Naira |
| Tuesday, 17th September 2024 | $8731 = 14,615,688 Naira |
| Monday, 16th September 2024 | $8731 = 14,615,686.5 Naira |
| Sunday, 15th September 2024 | $8731 = 14,615,685 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,674 |
| 10 Dollars (USD) to Naira | 16,740 |
| 20 Dollars (USD) to Naira | 33,480 |
| 30 Dollars (USD) to Naira | 50,220 |
| 40 Dollars (USD) to Naira | 66,960 |
| 50 Dollars (USD) to Naira | 83,700 |
| 60 Dollars (USD) to Naira | 100,440 |
| 70 Dollars (USD) to Naira | 117,180 |
| 80 Dollars (USD) to Naira | 133,920 |
| 90 Dollars (USD) to Naira | 150,660 |
| 100 Dollars (USD) to Naira | 167,400 |
| 200 Dollars (USD) to Naira | 334,800 |
| 300 Dollars (USD) to Naira | 502,200 |
| 500 Dollars (USD) to Naira | 837,000 |
| 700 Dollars (USD) to Naira | 1,171,800 |
| 1,000 Dollars (USD) to Naira | 1,674,000 |
| 1,500 Dollars (USD) to Naira | 2,511,000 |
| 2,000 Dollars (USD) to Naira | 3,348,000 |
| 3,000 Dollars (USD) to Naira | 5,022,000 |
| 5,000 Dollars (USD) to Naira | 8,370,000 |
| 10,000 Dollars (USD) to Naira | 16,740,000 |
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.