The black market rate for 8905 Dollars to Naira is 14,912,313 NGN as of today, 02:50 AM WAT.
When you convert 8905 US Dollars to Nigerian Naira, you get 14,912,313 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 |
|---|---|
| 8905 Dollars to Naira | 14,912,313 |
| 8905 Tether USD to Naira | 14,773,395 |
| 8905 British Pounds to Naira | 19,441,885.775 |
| 8905 Euros to Naira | 16,315,473.85 |
Last 7 days, 8905 USD was traded for 14,912,304 NGN, yesterday it went for 14,912,311.5 NGN, and today it averages 14,912,313 Naira. Here is the complete price chart in the last 7 days. Compare the daily prices for 8905 US Dollars against the Nigerian Naira, and the price movements for the week.
| Date | Conversion Rate |
|---|---|
| Saturday, 21st September 2024 | $8905 = 14,912,313 Naira |
| Friday, 20th September 2024 | $8905 = 14,912,311.5 Naira |
| Thursday, 19th September 2024 | $8905 = 14,912,310 Naira |
| Wednesday, 18th September 2024 | $8905 = 14,912,308.5 Naira |
| Tuesday, 17th September 2024 | $8905 = 14,912,307 Naira |
| Monday, 16th September 2024 | $8905 = 14,912,305.5 Naira |
| Sunday, 15th September 2024 | $8905 = 14,912,304 Naira |
| US Dollars | Naira Equivalent (NGN) |
|---|---|
| 1 Dollars (USD) to Naira | 1,674.6 |
| 10 Dollars (USD) to Naira | 16,746 |
| 20 Dollars (USD) to Naira | 33,492 |
| 30 Dollars (USD) to Naira | 50,238 |
| 40 Dollars (USD) to Naira | 66,984 |
| 50 Dollars (USD) to Naira | 83,730 |
| 60 Dollars (USD) to Naira | 100,476 |
| 70 Dollars (USD) to Naira | 117,222 |
| 80 Dollars (USD) to Naira | 133,968 |
| 90 Dollars (USD) to Naira | 150,714 |
| 100 Dollars (USD) to Naira | 167,460 |
| 200 Dollars (USD) to Naira | 334,920 |
| 300 Dollars (USD) to Naira | 502,380 |
| 500 Dollars (USD) to Naira | 837,300 |
| 700 Dollars (USD) to Naira | 1,172,220 |
| 1,000 Dollars (USD) to Naira | 1,674,600 |
| 1,500 Dollars (USD) to Naira | 2,511,900 |
| 2,000 Dollars (USD) to Naira | 3,349,200 |
| 3,000 Dollars (USD) to Naira | 5,023,800 |
| 5,000 Dollars (USD) to Naira | 8,373,000 |
| 10,000 Dollars (USD) to Naira | 16,746,000 |
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.