Canadian Dollar to Naira Black Market Rate Today
Live Canadian Dollar to Nigerian Naira exchange rate. Black market BDC rate cross-rated from USD and official rate from the Central Bank of Nigeria.
Price history
Parallel market sell rate · daily close
CAD/NGN Rate: Last 30 Days
Canadian Dollar to Naira black market rate: key facts
As of 4 May, 8:28 pm WAT, BDC operators are buying CAD at ₦1,012.08 and selling at ₦1,024.03. The spread (the difference between buy and sell) is ₦11.95 per CAD. The official CBN rate for CAD/NGN is ₦1,012.54.
Canadian dollar to naira for Nigerian students
Canada has become one of the top destinations for Nigerian students, with universities in Ontario, British Columbia, and Alberta attracting thousands each year. Paying tuition in CAD from Nigeria means sourcing Canadian dollars at the parallel rate. The CAD/NGN rate shown here is updated every 30 minutes using the live USD/NGN BDC rate and the CAD/USD global cross-rate.
Official CBN rate vs black market rate for CAD
The CBN publishes an official rate for CAD/NGN through the NAFEM window for regulated transactions. The black market rate is typically higher because official supply cannot meet demand. Today the gap between the two is approximately ₦11 per CAD.