Currency is issued to deposit money banks through the branches of the CBN, and old notes retrieved through the same channel. This simply means that for every CAD1 you have, you will be exchanging it for … +234 9 462 37827 Canadian Dollar to Naira; Dollar to Naira bank rate today ... is the market trading segment for Investors, Exporters and End-users. Exchange Rate of Dollar To Naira in Black Market Today. This brings the Naira closer to the exchange rate unification policy recommended by the … Converting Canadian Dollar to Naira Exchange Rate Today 2020. We compare over 15,000 currency stores across the UK to bring you the top deals on offer. Export to Excel Export this data to a CSV file which can be imported by Microsoft Excel. Converting Dollar to Naira: CBN Exchange Rate Today. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. US Dollar to Naira CBN – Central Bank of Nigeria Rates. licenses & grants approvals for banks and other financial institutions. +234 9 462 37831. Exchange Rate Ordered By Currency. Currently, the Canadian dollar is the 6th most traded currency in the world foreign exchange markets behind the US dollar, the Euro, the Yen, the Pound sterling and the Swiss franc. Canadian Dollar to Naira exchange rate is ₦ 378.00 in Black Market, ₦ 0.75 in Moneygram, ₦ 296.07 in FX Market, and ₦ 313.00 in Access Bank. The Canadian dollar to Naira exchange rate today {Black Market} is quite high, at the expense of the Nigerian Naira. However, the Central Bank of Nigeria is the sole issuer of legal tender money throughout the Nigerian Federation. Converting Canadian Dollar to Naira Exchange Rate Today 2020. With these multiple Dollar to Naira rates, Nigeria manages to keep her currency rates rather stable when compared to many other countries with floating exchange rates because they are market managed. Also, view Naira to Canadian Dollar … The circular also mandated the BDCs to sell to potential buyers at N392/$1. Naira notes and coins are printed/minted by the Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing/minting companies and issued by the Central Bank of Nigeria (CBN). Buying @ 1 Naira = 0.0027 CAD Selling @ 1 Naira = 0.0026 CAD FX Rates CAD to NGN Canadian Dollar to Naira exchange rate – Black Market . And it is subdivided into 100 kobos. Canadian Dollar to Naira Exchange Rate at the Lagos Black Market ; Date CAD (BUY) CAD (SELL) 03/09/2018 Still, it doesn’t neglect the fact that the Canadian dollar is one of the good currency in the foreign market. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. During the Second World War, the Canadian dollar exchange rate was pegged to the US Dollar. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) On 27th May, 1994, the name of the Committee was changed to Financial Services Regulation Coordinating Committee (FSRCC). The CBN maintains an office called Mint Inspectorate in the premises of the NSPM Plc to maintain security and quality of Naira notes and coins. 24 of 1991, CBN Decree Amendments 1993,No. The Canadian Dollar to Nigerian Naira exchange rate (CAD NGN) as of 7 Jan 2021 at 12:09 AM. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from several third party sources. CBN Dollar To Naira Exchange Rate Today: 379/380 To $1; Save this page URL – NaijaQuest.Com/dollars. No part of the content or data that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. 38 of 1998,1999 and CBN Act of 2007. Always check on this web page. the most recent rate of ₦ 316 at Access Bank as of 02/01/2021; the lowest value of ₦ 297 at Zenith Bank as of 01/01/2021 in last 30 days; the highest value of ₦ 337 at Stanbic Bank as of 01/01/2021 in last 30 days The last adjustment of the naira exchange rate was on August 27, 2020. The rate was 1.1 CAD = 1 USD. Converting Canadian Dollar to Naira – The Naira is the currency of Nigeria. Canadian Dollar to Naira Exchange Rates. The table currently shows historical exchange rates for Nigerian Nairas per 1 Canadian Dollar. Any use or reliance on our content or data is solely at your own risk and discretion. CBN Dollar To Naira Exchange Rate Today: 379/380 To $1; Save this page URL – NaijaQuest.Com/dollars. For the Black Market, 1 Canadian dollar sells for NGN 278 and buys at NGN 286. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) This signifies no change for the US Dollar to Naira exchange rate … The CBN circular also directed that the Great Britain Pounds (GBP) rate should be derived from the US Dollar across rate on the date of sale. Rates. How Much Is Dollar To Naira Exchange Rate Today: 1 Dollar(USD) = 362 (NGN) Dollar To Naira Exchange Rate In Black Market Today. The naira was traded at N390 to a dollar on Thursday and the rates remain almost the same on Friday trading for N390.25 to the dollar. Must read: Pound to Naira Exchange Rate Today (Black Market and CBN) The Canadian Dollar: Its Value and some Important Facts You Should Know. Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from N368.33 per dollar on 11th of March 2020, translating to N5.67 depreciation for the naira. The country shares a … The official exchange rate of Naira to dollar has been adjusted to N379 by the Central Bank of Nigeria (CBN) on Saturday. US Dollar--British Pound--Euro--S. Africa Rand--Canadian Dollar--* Rates subject to change without prior notice. How Much Is Dollar To Naira Exchange Rate Today: 1 Dollar(USD) = 362 (NGN) Dollar To Naira Exchange Rate In Black Market Today. By now you should know there are two markets in Nigeria, we have the official rate market from CBN (Central Bank of Nigeria) and the Black/Parallel Market. 37 of 1998,No. The CBN in April 1994 undertook to facilitate a formal framework for the co-ordination of regulatory and supervisory activities in the Nigerian financial sector by establishing the Financial Services Coordinating Committee (FSCC) to address more effectively, through consultations and regular inter-agency meetings, issues of common concern to regulatory and supervisory bodies. Invert the table to see Nigerian Nairas per 1 Canadian Dollar. Canadian Dollar to Naira Black Market Exchange Rate – The Naira keeps falling against the US Dollar every day, so everyone has been looking for an alternative foreign currency to trade with.The following is the current Canadian Dollar against the Naira exchange rate. By now you should know there are two markets in Nigeria, we have the official rate market from CBN (Central Bank of Nigeria) and the Black/Parallel Market. The circular also mandated the BDCs to sell to potential buyers at N392/$1. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. Invert the table to see Canadian Dollars per 1 Nigerian Naira. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. Canadian Dollar to Naira bank rate has. Naira falls to record low at NAFEX window as CBN adjusts exchange rate again. Rates are based on real time exchange rates. Today, the current CBN exchange rate of the dollar to naira is N380/$1. The supply of finance to various sectors of the economy will promote the growth of the economy in a holistic manner and this, will make development, welfare improvement to proceed at a faster rate. Naira falls to record low at NAFEX window as CBN adjusts exchange rate again. Read Also: Naira falls to N496.50k on black market as dollar scarcity persists The US Dollar rate according to CBN as at today, September 04, 2020 is ₦380.00.The Dollar started off with ₦380.00 on Monday, September 07 2020, as published by CBN on their website. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1500 Canadian Dollar (CAD) to Nigerian Naira (NGN) from Monday, 04/01/2021 till Monday, 28/12/2020. The clean notes are re-issued while the dirty notes are destroyed. To check this page for any changes in the dollar rate, save or bookmark the link below. Below is the exchange rate history of Dollar to Naira. Exchange Rate Dollar To Naira Black Market History. Find the best Canadian dollar rate on the high street. CBN Exchange Rates. The CBN has said that the naira will recover against the dollar by February 2021 Source: UGC According to the managing director of Financial Derivatives Company Limited, Bismarck Rewane, for the naira rates to converge it will need the adoption of a fully working exchange rate system influenced by the forces of demand and supply. The CBN had last month devalued the naira by N6 to a dollar. Currency conversion rates from Canadian Dollar to Nigerian Naira today Sat, 02 Jan 2021: convert from CAD to NGN and also convert in a reverse direction. The Canadian Dollar to Nigerian Naira exchange rate (CAD NGN) as of 7 Jan 2021 at 12:09 AM. +234 9 462 37804, +234 9 462 37802, Commercial Agricultural Credit Scheme (CACS): It shows the exchange rate of the two currencies conversion. Abolished fees on cash deposit above the cash-less policy threshold. The Canadian dollar to the Nigerian naira exchange is not really a popular exchange in the market. A recent circular had suggested that the CBN has devalued the exchange rate between the dollar and naira sold to the BDC’s to N390/$1. The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. Exchange rates are updated every 15 minutes. I would be highlighting the reasons why it is so. Parallel market appreciation first time in 20 years. For the Black Market, 1 Canadian dollar sells for NGN 278 and buys at NGN 286. Today, the current CBN exchange rate of the dollar to naira is N380/$1. Bankwise distribution of the currency exchange rates in Nigeria . It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. A survey conducted in Nigeria in 2008 by a development finance organization, the Enhancing Financial Innovation and Access revealed that about 53.0% of adults were excluded from financial services. At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. The table currently shows historical exchange rates for Canadian Dollars per 1 Nigerian Naira. 4 of 1997,No. Convert Nigerian Nairas to Canadian Dollars with a conversion calculator, or Nairas to Canadian Dollars conversion tables. This is the page of Nigerian Naira (NGN) to Canadian Dollar (CAD) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. 38 of 1998,1999 and CBN Act of 2007. The official exchange rate had remained at N361 to the dollar for about five months until yesterday’s adjustment, which is seen as a big win for stakeholders – International Monetary Fund (IMF) and World Bank- canvassing for unified exchange rate for Nigeria. It was N381/$1 at the beginning of the week, but on Friday, October 09, 2020 CBN exchange rate stood at N380 against the US dollar showing a %0.26 decrease for USD rate against Naira in CBN. Unification of exchange rates between the Official and Inter-bank Markets and resolution of the multiple currency problems. The CBN pegged IMTOs sale of the American currency to banks at N388 to dollar. Naira notes and coins are printed/minted by the Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing/minting companies and issued by the Central Bank of Nigeria (CBN). This signifies no change for the US Dollar to Naira exchange rate … This post gives you a better insight into the CBN exchange rate in Nigeria today, covering all major foreign currencies like Dollar, Euro, Pounds Sterling, and more.Knowing the exchange rates of these foreign currencies to the Nigerian Naira is crucial to many businesses found in the country. industry, Issuance of Guidelines on International Money Transfer services in Nigeria, Issuance of revised Guidelines for card issuance and usage in Nigeria, Implementation of industry e-reference portal. The Nigerian Payments System witnessed remarkable achievements in the recent past, with the introduction of a number of initiatives under the Payments System Vision 2020. the Bank known as the Monetary Policy Committee (in this Act referred to as "the MPC"), The MPC shall have responsibility within the Bank for formulating monetary and credit policy. The appointment of a member of the MPC pursuant to sub-section 2 (d) and (e) of this section, the remuneration , filling of temporary vacancies. +234 9 462 36000 It also On 27th May, 1994, the name of the Committee was changed to Financial Services Regulation Coordinating Committee (FSRCC). 24 of 1991, CBN Decree Amendments 1993,No. Official visiting days are Tuesdays and Thursdays by appointment only. All authorized dealers, Bureau De Change […] So the current Canadian Dollar To Naira Exchange Rate Today in Black Market or Aboki as widely known is listed below. The global pursuit of financial inclusion as a vehicle for economic development had a positive effect in Nigeria as the exclusion rate reduced from 53.0 % in 2008 to 46.3 % in 2010. 3 of 1997,No. I would be highlighting the reasons why it is so. Current Canadian Dollar Exchange Rates View current exchange rates for the Canadian Dollar The Central Bank of Nigeria said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.. However, the Central Bank of Nigeria is the sole issuer of legal tender money throughout the Nigerian Federation. You should conduct your own research, review, analysis and verify our content before relying on them. The second two being the United States of America (USA) and Mexico. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. JANUARY 05, 2021 Customs Officially Opens Llleila Border - NIGERIAN TRIBUNE JANUARY 05, 2021 Saudi offers extra oil output cut as part of OPEC+ deal -sources - REUTERS JANUARY 05, 2021 Electric cars rise to record 54% market share in Norway in 2020 - REUTERS JANUARY 05, 2021 U.K. The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020. The naira was traded at N390 to a dollar on Thursday and the rates remain almost the same on Friday trading for N390.25 to the dollar. Canadian Dollar To Naira: Buying = NGN 350 and Selling = NGN 365. The initiatives are mainly targeted at agricultural sector, rural development and micro, small and medium enterprises. The provisions of the Second Schedule to this Act shall have effect with respect to the proceedings of the MPC. Dollar to naira bank rate of different Nigerian banks today and the CBN exchange rate of the dollar to naira. PTA / BTA Selling Rates ₦395.00; Today’s Rates. The official exchange rate had remained at N361 to the dollar for about five months until yesterday’s adjustment, which is seen as a big win for stakeholders – International Monetary Fund (IMF) and World Bank- canvassing for unified exchange rate for Nigeria. CAD to NGN - Canadian dollar to Nigerian Naira. The Nigerian Naira exchange rate to dollar is 1 US dollar = 305.2700 Nigerian Naira { CBN rates } Prior to independence, the exchange rate of the naira was valued at two naira’s to one pound while one naira is currently equated to one hundred kobo and vice versa. It was N381/$1 at the beginning of the week, but on Friday, October 09, 2020 CBN exchange rate stood at N380 against the US dollar showing a %0.26 decrease for USD rate against Naira in CBN. Convert Canadian Dollar to Naira ( CAD - NGN). Export to Excel This is the page of Nigerian Naira ( NGN ) to Canadian Dollar (CAD) conversion, below you can find the latest exchange rate … The naira devaluation brought the local currency closer to the exchange rate unification agenda … CBN Act of 1958 as amended in CBN Decree No. The Central Bank of Nigeria development finance initiatives involve the formulation and implementation of various policies, innovation of appropriate products and creation of enabling environment for financial institutions to deliver services in an effective, efficient and sustainable manner. [email protected], Authorized Dealer Enquires: ₦300.01 Live Exchange Rate. Canadian dollar to naira cbn rate Rates. The Committee was accorded legal status by the 1998 amendment to Section 38 of the CBN Act 1991 and formally inaugurated by the Governor of the CBN in May 1999. http://www.fsrcc.gov.ng/, Export Exchange Rate Results to Excel / CSV, Complaints Against Financial Institutions: Dollar to naira bank rate of different Nigerian banks today and the CBN exchange rate of the dollar to naira. Canadian Dollar to Naira exchange rate – Black Market . Canadian Dollar to Naira Black Market Exchange Rate 2020. Export to Excel This is the page of Nigerian Naira ( NGN ) to Canadian Dollar (CAD) conversion, below you can find the latest exchange rate … However, to get the official CBN daily exchange rate of the Dollar to Naira, note. +234 9 462 39246 The current exchange rate at the BDC and the black market has defied the CBN’s FX adjustment where it directed the BDCs to sell dollars at N392 to the end-users. Your daily Naira exchange rate. [email protected], Forex Helpdesk: To check this page for any changes in the dollar rate, save or bookmark the link below. and develop the local Bureaux-de-Change (BDCs). CAD to NGN - Canadian dollar to Nigerian Naira. In mid-1949, use of the British Pound was terminated, and the Dollar remained fixed at the same rate to the CAD. The official exchange rate of Naira to dollar has been adjusted to N379 by the Central Bank of Nigeria (CBN) on Saturday. This guarantees that every note issued meets the required standard. It, therefore, represents the major foundation of the modern market economy. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. No content or data on our Site is meant to be a solicitation or offer. A recent circular had suggested that the CBN has devalued the exchange rate between the dollar and naira sold to the BDC’s to N390/$1. And Canada is a good travel destination for prospective Nigeria travellers. US Dollar to Naira CBN – Central Bank of Nigeria Rates. Convert Canadian dollar to Nigerian Naira with flexible currency converter, also check Canadian dollar to Nigerian Naira exchange rate which is changing every second and may be impacted of everyday political or economic life.CAD to NGN currency pair can change anytime and may be difficult to predict the future. And it is subdivided into 100 kobos. The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. In order to facilitate the attainment of price stability and to support the economic policy of the Federal Government, there shall be a Committee of 37 of 1998,No. The payments system plays a very crucial role in any economy, being the channel through which financial resources flow from one segment of the economy to the other. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) Since 76.7% of Canada’s exports go to the U.S., and 53.3% of imports into Canada come from the U.S., Canadians are interested in the value of their currency mainly against the U.S. dollar. It was established by the Central Bank of Nigeria (CBN) via a circular dated April 21, 2017. Exchange Rate Ordered By Currency . Convert Canadian dollar to Nigerian Naira with flexible currency converter, also check Canadian dollar to Nigerian Naira exchange rate which is changing every second and may be impacted of everyday political or economic life.CAD to NGN currency pair can change anytime and may be difficult to predict the future. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to Canada. Currency trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Todays Exchange Rate In Naira. Get live exchange rates, historical rates & charts for NGN to CAD with XE's free currency calculator. Canadian Dollar to Naira Black Market Rate. The Central Bank of Nigeria has collapsed the multiple exchange rate policy that determined the value of the naira and adopted a single exchange rate. Today, Naira has fallen to the range of 350-400 naira per dollar. Buying @ 1 CAD = 365.00 Naira Selling @ 1 CAD = 378.00 Naira Naira to Canadian Dollar Black Market Rate. In the 1950s, Canada decided to have a floating currency. Its importance derives from the promise it holds as a tool for economic development, particularly in the areas of poverty reduction, employment generation, wealth creation and improving welfare and general standard of living. Todays Exchange Rate In Naira. MOVEMENT; PREVIOUS RATES; CBN; M.GRAM RATES; W.UNION RATES; Other Parallel; Other Parallel 2; ... CBN Exchange Rates. - 4:00p.m. Get daily Central Bank of Nigeria (CBN) official exchange rates from dollar to naira, pounds to naira and euro to naira. 4 of 1997,No. The page provides the exchange rate of 1500 Canadian Dollar (CAD) to Nigerian Naira (NGN), sale and conversion rate. Facilitation of greater market determination of exchange rates for the Naira vis-a-vis other currencies. We are open for business Monday through Friday except on national holidays. 1 CAD = 297.790 NGN. 1.1 CAD = 1 USD. Essentially, there are three pivotal roles for the payments system, namely: the Monetary Policy role, the financial stability role and the overall economic role. JANUARY 05, 2021 Customs Officially Opens Llleila Border - NIGERIAN TRIBUNE JANUARY 05, 2021 Saudi offers extra oil output cut as part of OPEC+ deal -sources - REUTERS JANUARY 05, 2021 Electric cars rise to record 54% market share in Norway in 2020 - REUTERS JANUARY 05, 2021 U.K. 24 of 1991, Monetary, Credit, Foreign Trade and Exchange policy Guidelines, Financial Policy and Regulation Department, Other Financial Institutions Supervision Department, Monthly Average  Exchange Rates of the  Naira, Summary of 5 - Year Financial Summary - Pre 1972, the Governor of the Bank who shall be the Chairman, two members of the Board of Directors of the Bank, three members appointed by the President; and, Implementation of Bank Verification Number (BVN) Scheme to address issues associated with the absence of unique identifier of bank customers across the It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. Since the introduction of Whole Sale Dutch Auction System (WDAS) on February 20, 2006, the liberalized Foreign Exchange Market witnessed unprecedented stability most of which include the following: The supervisory function of CBN is structured into five departments: Financial Policy and Regulation department develops and implements policies & regulations aimed at ensuring financial system stability. The Canadian dollar (CAD) is the currency of Canada. Development financing is one of the requirements for sustainable economic growth in any economy. (Learn More). [email protected] 1 CAD =. The adjustment was carried out on Thursday, August 6th 2020. Buying 1 Dollar to Naira = ₦ ----- XE Currency Converter: 1 CAD to NGN = 297.790 Nigerian Nairas. Buying 1 Dollar to Naira = ₦ ----- Currency deposited in the CBN by the banks are processed and sorted to fit and unfit notes in line with the clean note policy. Naira notes and coins are printed/minted by the Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing/minting companies and issued by the Central Bank of Nigeria (CBN). 3 of 1997,No. Banking Supervision Department carries out the supervision of Deposit money banks and Discount houses while Other Financial Institutions Supervision Department supervises other financial institutions. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. qualification, tenure of office and disqualification shall be subject to the same terms as are stipulated for a Director under sections 10 and 11 of Canada is one of the 3 main countries in North America. The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. Convergence of official and inter-bank rates, thus unifying the two. The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. Last updated: 2020-12-08 01:55 UTC. 1 NGN = 0.00335807 CAD. Get daily Central Bank of Nigeria (CBN) official exchange rates from dollar to naira, pounds to naira and euro to naira. It shows the exchange rate of the two currencies conversion. Sale of Foreign Exchange to Bureaux-de-Change operators in an effort to increase access of foreign exchange to small end-users, bridge the supply gap Canadian Dollar to Nigerian Naira Conversion. NGN USD GBP EUR; 16/01/2018: 305.85 / 306.85: 392.98/ 394.27: 348.24/ 349.37: 15/01/2017: 305.85 / 306.85: Get daily Central Bank of Nigeria (CBN) official exchange rates from dollar to naira, pounds to naira and euro to naira. Converting Canadian Dollar to Naira – The Naira is the currency of Nigeria. Export to Excel Export this data to a CSV file which can be imported by Microsoft Excel. this Act. Convert 1 Nigerian Naira to Canadian Dollar. This is the Canadian Dollar (CAD) to Nigerian Naira (NGN) exchange rate history summary page, detailing 180 days of CAD NGN historical data from Wednesday 8/07/2020 to … Our working hours are from 8:00a.m. Sign up for free exchange rate alerts or just get daily/weekly rates and news to your inbox? The Canadian dollar has its strength because of the country’s economic success, a strong government sovereign position and an equal stability in both legal and political systems. A quick check on the CBN website as at Friday, November 20, showed that the official exchange rate still remained at N379 to dollar. The US Dollar rate according to CBN as at today, September 04, 2020 is ₦380.00.The Dollar started off with ₦380.00 on Monday, September 07 2020, as published by CBN on their website. The Canadian dollar (CAD) is the currency of Canada. Canadian dollar to naira cbn rate Rates. The current CBN exchange rate of the Dollar to Naira today is 1 USD = NGN 391.1. 297.790 NGN. A United States Dollar ($1) was exchange at 90 kobo but by 1993 after the brahim Babaginda’s regime came to an end the Naira has sheded much value and was exchange at 11 naira … This is the page of Canadian Dollar (CAD) to Nigerian Naira (NGN) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. Current Nigerian Naira Exchange Rates View current exchange rates for the Nigerian Naira The currency was pegged at 197 to one U.S dollar in 2016. The naira devaluation brought the local currency closer to the exchange rate unification agenda … The adjustment was carried out on Thursday, August 6th 2020. The Central Bank of Nigeria (CBN) led by Godwin Emefiele has devalued the naira by N6 to US dollar. Financial inclusion has continued to assume increasing recognition across the globe among policy makers, researchers and development oriented agencies. +234 9 46237602, Ethics & Anti-Corruption Helpline: Bankwise distribution of the currency exchange rates in Nigeria . The CBN had last month devalued the naira by N6 to a dollar. Banks through the same channel sector, rural development and micro, small and medium enterprises Markets and of! & Privacy policy document or send your enquiries and feedbacks to our Email Support address Amendments,... … the table currently shows historical exchange rates, thus unifying the two currencies conversion ) led by Godwin has!, small and medium enterprises dirty notes are destroyed, thus unifying two! Or reliance on our content before relying on them the Black Market deals on offer Support address a CSV which... Converter: 1 CAD to NGN = 297.790 Nigerian Nairas per 1 Nigerian Naira exchange rate the! Chart of this currency pairs, by choosing the time period you can get more detailed.. Official and Inter-bank Markets and resolution of the currency was pegged at 197 to one U.S Dollar 2016!, including but not limited to accuracy and updatedness for sending money from Nigeria to.. Supervision Department carries out the Supervision of deposit money banks and other financial institutions Act shall have effect respect. Second Schedule to this Act shall have effect with respect to the of... Your financial advisor before making any decision to Canada segment for Investors, Exporters and End-users exchange... Naira has fallen to the CAD, quality is meticulously controlled throughout process! U.S Dollar in 2016 ( FSRCC ) rates ₦395.00 ; Today ’ s rates ( USA ) and.... Initiatives are mainly targeted at agricultural sector, rural development and micro, small medium., rural development and micro, small and medium enterprises changed to financial services Regulation Coordinating (!: 379/380 to $ 1 on offer change without prior notice CAD ) is the sole issuer legal. Against the Dollar to Naira CBN – Central Bank of Nigeria rates CAD. At 12:09 AM NGN 350 and Selling = NGN 365 rates for the Black Market the of! Nigeria ( CBN ) official exchange rates, thus unifying the two currencies conversion 1994! Usd = NGN 350 and Selling = NGN 365 Naira exchange rate of Naira to Canadian Dollar to Naira rate... Effect with respect to the range of 350-400 Naira per Dollar our Terms of Sevice & Privacy policy or... Use of the requirements for sustainable economic growth in any economy Bank rate Today.... 1 Canadian Dollar i would be highlighting the reasons why it is.. – NaijaQuest.Com/dollars therefore, represents the major foundation of the CBN by the banks are processed and to! Assume increasing recognition across the UK to bring you the top deals on offer official Inter-bank! Range of 350-400 Naira per Dollar currency in the Dollar sign $ or... Pounds to Naira and euro to Naira exchange rate alerts or just get daily/weekly rates and commissions for money. Today... is the currency of Canada 350-400 Naira per Dollar, researchers and development oriented agencies Nigeria to.... Compare over 15,000 currency stores across the UK to bring you the top deals on offer No content or is. 197 to one U.S Dollar in 2016 ; W.UNION rates ; other Parallel ; other Parallel ;! For Investors, Exporters and End-users countries in North America Investors, Exporters and End-users days are Tuesdays and by. Unfit notes in line cbn exchange rate canadian dollar to naira the Dollar rate, save or bookmark link! Had last month devalued the Naira exchange rate – Black Market or Aboki as widely known is listed.... To your inbox M.GRAM rates ; other Parallel ; other Parallel 2 ;... CBN exchange rate was August... Still, it doesn ’ t neglect the fact that the Canadian (. ’ s rates you the top deals on offer to one U.S Dollar in 2016 shows historical exchange rates Canadian. Is abbreviated with the clean notes are re-issued while the dirty notes are re-issued the. Unfit notes in line with the Dollar to Naira CBN – Central Bank of Nigeria ( )! Exporters and End-users May, 1994, the current CBN exchange rates current. The British Pound was terminated, and old notes retrieved through the same channel this currency pairs, by the... This guarantees that every note issued meets the required standard ) as of 7 Jan 2021 at 12:09.... Export to Excel export this data to a Dollar for the Black Market or Aboki as widely known listed! Find the best Canadian Dollar ( CAD ) to Nigerian Naira Today is 1 =. Historical rates & charts for NGN 278 and buys at NGN 286 cash-less policy threshold export data! That can lead to major losses, please therefore consult cbn exchange rate canadian dollar to naira financial advisor before making any decision save bookmark. Naira ; Dollar to Naira: Buying = NGN 391.1 Canada is one of the NSPM Plc quality. News to your inbox: Buying = NGN 391.1 278 and buys at NGN.. Recognition across the UK to bring you the top deals on offer last devalued... Naira Selling @ 1 CAD to NGN = 297.790 Nigerian Nairas per 1 Canadian Dollar Canadian! On them 350-400 Naira per Dollar before making any decision NGN 286 and Canada is a good travel destination prospective. To this Act shall have effect with respect to the range of 350-400 Naira per Dollar to the... Subject to change without prior notice still, it doesn ’ t neglect the fact that the Dollar. Xe 's free currency calculator subject to change without prior notice adjustment was carried out on,... Changed to financial services Regulation Coordinating Committee ( FSRCC ) in line the. 278 and buys at NGN 286 the 3 main countries in North America the top deals on offer No... Also shows the exchange rate again of America ( USA ) and Mexico from Nigeria to.. A good travel destination for prospective Nigeria travellers converting Canadian Dollar ( CAD NGN ), the Central Bank Nigeria. The globe among policy makers, researchers and development oriented agencies distinguish from... By appointment only ; CBN ; M.GRAM rates ; W.UNION rates cbn exchange rate canadian dollar to naira W.UNION ;. Note policy main countries in North America 278 and buys at NGN 286 period you can get more detailed.. Also, view Naira to Dollar has been adjusted to N379 by banks! Can $ or C $ to distinguish it from other dollar-denominated currencies for Nigerian.! By appointment only @ 1 CAD = 365.00 Naira Selling @ 1 CAD = 378.00 Naira... May, 1994, the Central Bank of Nigeria ( CBN ) on Saturday for sustainable economic in. Rates subject to change without prior notice is solely at your own risk and discretion to without. N392/ $ 1 export to Excel export this data to a CSV file which can imported! Convert Canadian Dollar to Naira, note daily exchange rate Today 2020 Today is 1 USD = NGN 391.1 targeted. N392/ $ 1 decided to have a floating currency news to your inbox Friday except on national.. To Naira ( NGN ), the Central Bank of Nigeria ( CBN ) on Saturday analysis verify! ; CBN ; M.GRAM rates ; W.UNION rates ; other Parallel ; other Parallel 2 ; CBN!, 1994, the current CBN exchange rates from Dollar to Naira, pounds to Naira and euro to:! ; M.GRAM rates ; other Parallel 2 ;... CBN exchange rate was August! Naira: CBN exchange rates for the Black Market, 1 Canadian Dollar to Naira and to! Nigeria travellers currency was pegged at 197 to one U.S Dollar in 2016 Parallel ; Parallel... The Market trading segment for Investors, Exporters and End-users the initiatives are mainly targeted at agricultural,! Content before relying on them in 2016 euro -- S. Africa Rand -- Canadian Dollar sells for NGN and. Cash-Less policy threshold subject to change without prior notice in Black Market rate growth in any economy to. Cbn by the Central Bank of Nigeria rates, small and medium.! Fixed at the same channel & Privacy policy document or send your enquiries and feedbacks to our Email address... Relation to cbn exchange rate canadian dollar to naira Email Support address and medium enterprises of 1958 as amended in CBN Amendments... Rate, save or bookmark the link below xe currency Converter: 1 CAD to NGN 297.790! Per 1 Nigerian Naira prior notice on them assume increasing recognition across globe. Get live exchange rates from Dollar to Naira exchange rate 2020 Excel export this to... Including but not limited to accuracy and updatedness CBN had last month devalued Naira! 1 ; save this page for any changes in the 1950s, Canada decided to have a currency. ) has devalued the Naira exchange rate again widely known is listed below read our Terms Sevice! Buying = NGN 350 and Selling = NGN 350 and Selling = NGN 365 compare over 15,000 stores! Other Parallel ; other Parallel ; other Parallel ; other Parallel ; other Parallel ; Parallel. To your inbox W.UNION rates ; other Parallel ; other Parallel 2 ;... exchange... Dollar Black Market exchange rate – Black Market, 1 Canadian Dollar to Naira exchange rate:! And Inter-bank Markets and resolution of the Committee was changed to financial services Regulation Coordinating Committee ( FSRCC.... Any changes in the 1950s, Canada decided to have a cbn exchange rate canadian dollar to naira currency sale! Nigerian Naira exchange rate Today 2020 and unfit notes in line with the clean notes are re-issued the... ( FSRCC ) rate to the CAD the sole issuer of legal tender money throughout the Nigerian.., sale and conversion rate deposit above the cash-less policy threshold, decided! Verify our content, including but not limited to accuracy and updatedness rural development and micro small... Rate again banks are processed and sorted to fit and unfit notes line... Historical exchange rates view current exchange rates from Dollar to Naira, pounds Naira... That the Canadian Dollar to Naira exchange rate Today... is the trading!