Canadian Dollar to Nigerian Naira
Live CAD/NGN exchange rate with CBN and parallel market comparison
Central Bank of Nigeria official rate
+9.0% premium over CBN rate
Convert CAD to Naira
Quick Reference
CAD to Naira Exchange Rate Guide
The Canadian Dollar (CAD) to Nigerian Naira (NGN) exchange rate is one of the most watched currency pairs in Nigeria. Whether you're receiving remittances from Canada, importing goods, or planning international transactions, understanding the CAD/NGN rate is essential.
Current CAD/NGN Rate Today
As of today, 1 Canadian Dollar equals approximately ₦1,073.00 at the CBN official rate and ₦1,169.20 in the parallel market. The9.0% gap between these rates reflects the forex supply constraints in Nigeria's foreign exchange market.
How to Get the Best CAD to Naira Rate
To maximize the Naira you receive when converting Canadian Dollar:
- Compare rates on NairaSpot's remittance comparison tool
- Consider digital money transfer services (Wise, WorldRemit, Yellow Card) which often offer better rates
- Set up rate alerts to notify you when rates reach your target
- Avoid airport and hotel Bureau de Change which typically have the worst rates
Sending CAD to Nigeria
If you're in Canada and want to send money to Nigeria, digital remittance services offer the best combination of rates and convenience. Most transfers arrive within minutes, and recipients can receive funds directly to their Nigerian bank account or mobile wallet.