How much is 1 ounce of silver worth in Nigeria today?
As of today, 1 troy ounce of silver is worth about ₦105,000 in Nigeria, based on current global prices and exchange rates.
Here’s how that’s calculated:
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Global silver spot price: $77.27 per ounce
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USD → Nigerian Naira exchange rate: 1 USD ≈ ₦1,363.78
Calculation:
$77.27 × 1,363.78 ≈ ₦105,000
Important notes
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This is the international spot value.
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Local market prices in Nigeria may be higher due to dealer premiums, availability, import costs, and demand.
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Physical silver (coins/bars) often sells 5–20% above spot price.