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Dollar (USD) To Naira (NGN) Black Market Exchange Rate Today

How Much is 1 Dollar to Naira Today in the Black Market?

As of today, ,  the exchange rate of one US Dollar in the Naira Black Market is 1,670  Naira and sells at 1,680 Naira.

The Black Market operates outside the control or regulation of the government, therefore, it is usually higher than the official rate.

Black Market Rates

Dollar icon
USD
Dollar
Buy: ₦1,670
Sell: ₦1,680
Pound icon
GBP
Pound
Buy: ₦2,040
Sell: ₦2,070
Euro icon
EUR
Euro
Buy: ₦1,660
Sell: ₦1,690
Canadian Dollar icon
CAD
Canadian Dollar
Buy: ₦1,200
Sell: ₦1,250
South African Rand icon
ZAR
South African Rand
Buy: ₦80
Sell: ₦100
Dirham icon
AED
Dirham
Buy: ₦425
Sell: ₦455
Yuan icon
CNY
Yuan
Buy: ₦200
Sell: ₦240
Ghanaian Cedi icon
GHS
Ghanaian Cedi
Buy: ₦80
Sell: ₦100
West African CFA Franc icon
XOF
West African CFA Franc
Buy: ₦2,500
Sell: ₦2,650
Central African CFA Franc icon
XAF
Central African CFA Franc
Buy: ₦2,400
Sell: ₦2,550
Australian Dollar icon
AUD
Australian Dollar
Buy: ₦940
Sell: ₦1,020

Dollar to Naira Black Market Currency Converter

1 USD = 1,670 NGN

Dollar to Naira Rate Currency Conversion Table

Amount in USDBlack Market Exchange Rate in Naira
1 USD to Naira1,670
5 USD to Naira8,350
10 USD to Naira16,700
20 USD to Naira33,400
50 USD to Naira83,500
100 USD to Naira167,000
200 USD to Naira334,000
300 USD to Naira501,000
400 USD to Naira668,000
500 USD to Naira835,000
600 USD to Naira1,002,000
800 USD to Naira1,336,000
1000 USD to Naira1,670,000
5000 USD to Naira8,350,000
10000 USD to Naira16,700,000

What are the factors that affect the Dollar-Naira Black Market Exchange rate?

Several factors can influence the exchange rate of the Dollar in the black market, such factors include: 

  • The value of the US dollar
  • Supply and Demand for the Dollar
  • The political and economic situation in the US and Nigeria

How to find a Reputable Dollar Black Market Exchange Dealer?

If you want to exchange your USD for Naira, it is important to, first of all, locate a trusted and credible dealer to ensure a safe and fair transaction. You can find such persons online, via social media or simply by referral or recommendation by trusted persons.

It is, however, very important to be extremely careful and cautious when carrying out currency exchanges on the Naira black market, considering the high risk of being scammed that is inherent in it. The sector is always prone to scams and fraudulent activities, in order to mitigate these risks, look for dealers with positive reviews or recommendations, and be wary of deals that seem too good to be true.

Tips for Exchanging Dollars for Naira on the Black Market

  • Exchange Dollars (USD) with only credible and reputable dealers.
  • Request for a written receipt for the exchange.
  • Know the current Dollars to Naira Black Market Exchange rate before you exchange your currency.
  • Do not exchange large amounts of Dollar currency at once.
  • Beware of deals that are too good to be true.