1 CAD to NGN - Canadian Dollar to Naira Black Market Rate
Rates updated
Canadian Dollar to Naira Rate with Currency Converter
Forex News
Nigeria SEC Moves Closer to New Digital Asset Rules After Losing Africa’s Largest Crypto Market Status
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Naira gains 6.26% against dollar as FX reserves stand at $55.133bn
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CBN Sets N10bn Capital for Naira Stablecoin Issuers, N15bn for Dollar-Backed Operators
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CBN liquidity mop-up falls short as banks’ SDF deposits hit N8.31tn
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Analysts Expect Naira to Strengthen This Week After US Midterm Elections
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Chinese banks lift dollar deposit rates as Beijing tries to slow yuan rally
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Naira gains 6.26% as Cardoso defends market-driven FX model, reserves hit $55bn
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Naira falls 1.79% to N1,394/$ at parallel market as forex demand rises
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Naira and Ugandan shilling tipped to strengthen against dollar
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CBN imposes N15 billion capital on dollar stablecoin issuers
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Canadian Dollar to NGN Compared to Other Currencies
| Conversion | Black Market Rate in Naira |
|---|---|
| Canadian Dollar to Naira | |
| Australian Dollar to Naira | |
| US Dollar to Naira | |
| Pound to Naira | |
| Euro to Naira | |
| Rand to Naira | |
| Dirham to Naira | |
| Yuan to Naira | |
| Cedi to Naira | |
| XOF to Naira | |
| XAF to Naira |
Canadian Dollar to Naira Currency Conversion Table
| Amount in Canadian Dollar (CAD) | Black Market Rate in Naira |
|---|---|
| 1 CAD Dollar ($1) to Naira | 950 |
| 5 CAD Dollar ($5) to Naira | 4,750 |
| 10 CAD Dollar ($10) to Naira | 9,500 |
| 20 CAD Dollar ($20) to Naira | 19,000 |
| 50 CAD Dollar ($50) to Naira | 47,500 |
| 100 CAD Dollar ($100) to Naira | 95,000 |
| 200 CAD Dollar ($200) to Naira | 190,000 |
| 300 CAD Dollar ($300) to Naira | 285,000 |
| 400 CAD Dollar ($400) to Naira | 380,000 |
| 500 CAD Dollar ($500) to Naira | 475,000 |
| 600 CAD Dollar ($600) to Naira | 570,000 |
| 800 CAD Dollar ($800) to Naira | 760,000 |
| 1000 CAD Dollar ($1000) to Naira | 950,000 |
| 5000 CAD Dollar ($5000) to Naira | 4,750,000 |
| 10000 CAD Dollar ($10000) to Naira | 9,500,000 |
Popular Conversions
Does Aboki Forex Trade (Exchange) Currencies?
No, we do not trade any currency pair. Aboki Forex is purely an information platform that provides real-time black market and official CBN exchange rates. To exchange currency, contact a licensed Bureau de Change (BDC), your bank, or a trusted local forex dealer.
Is AbokiFx the same as Aboki Forex?
No, Aboki Forex (abokiforex.app) and AbokiFx are two separate and unaffiliated platforms. We are not connected to AbokiFx in any way. Aboki Forex provides live black market and CBN exchange rates for all major currencies versus the Nigerian Naira.
How can I Exchange Currency in Nigeria?
To exchange foreign currency in Nigeria, you have several options: (1) Visit a licensed Bureau de Change (BDC) — these are regulated by the CBN and found in major cities. (2) Use your commercial bank — they offer official CBN rates for account holders. (3) Use a trusted local forex market dealer — these operate in parallel/black market and typically offer higher rates than banks. Always verify the current rate on Aboki Forex before exchanging to ensure you get a fair deal.
Are the Black Market Rates accurate in all Markets?
Aboki Forex provides average black market rates collected from multiple dealers across major Nigerian cities including Lagos, Abuja, Kano, and Port Harcourt. Because the parallel market is unregulated, actual rates vary by location, dealer, and transaction size. The rates on Aboki Forex are a reliable benchmark, but always confirm the exact rate with your dealer before completing any transaction.
What is the difference between CBN, I&E and Black Market Rates?
The CBN (Central Bank of Nigeria) rate is the official government exchange rate used by commercial banks and regulated financial institutions. The I&E (Investors and Exporters) window was a market-based rate that has now been merged with the official CBN rate following Nigeria's forex unification policy. The Black Market rate (also called the parallel market or street rate) is typically higher than the official rate and reflects actual supply and demand dynamics for foreign currency in Nigeria outside the regulated banking system.
How often are the exchange rates updated on Aboki Forex?
Black market exchange rates on Aboki Forex are updated every hour throughout the trading day. The rates reflect real-time data collected from parallel market dealers across Nigeria. CBN official rates are updated daily, typically after the Central Bank of Nigeria publishes its official rates each business day.
What is the best way to send money from the USA to Nigeria?
The best way to send money from the USA to Nigeria depends on the amount: Sendwave charges zero fees for everyday transfers, Wise gives the best exchange rate on larger amounts, and USDT P2P delivers naira closest to the black market rate. Note that Zelle, Cash App, and Venmo cannot send money to Nigeria. See our full guide on how to send money from the USA to Nigeria, and check the live dollar to naira black market rate before you send.
Why is the black market dollar to naira rate higher than the official CBN rate?
The black market dollar to naira rate is higher than the official CBN rate because of the gap between foreign currency supply and demand in Nigeria. The Central Bank of Nigeria controls access to dollars at the official rate, limiting who can buy forex through official channels. Businesses and individuals who cannot access dollars through banks must turn to the parallel market, where higher demand relative to supply drives up the exchange rate.