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): - 4:00p.m. The last adjustment of the naira exchange rate was on August 27, 2020. 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 … Bankwise distribution of the currency exchange rates in Nigeria . To check this page for any changes in the dollar rate, save or bookmark the link below. [email protected], Authorized Dealer Enquires: 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 297.790 NGN. and develop the local Bureaux-de-Change (BDCs). 4 of 1997,No. 37 of 1998,No. 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 … The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. We compare over 15,000 currency stores across the UK to bring you the top deals on offer. +234 9 462 39246 Buying @ 1 CAD = 365.00 Naira Selling @ 1 CAD = 378.00 Naira Naira to Canadian Dollar Black Market Rate. Unification of exchange rates between the Official and Inter-bank Markets and resolution of the multiple currency problems. 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. I would be highlighting the reasons why it is so. The second two being the United States of America (USA) and Mexico. 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. 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. 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. Todays Exchange Rate In Naira. 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. Exchange Rate Dollar To Naira Black Market History. The official exchange rate of Naira to dollar has been adjusted to N379 by the Central Bank of Nigeria (CBN) on Saturday. 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.. This guarantees that every note issued meets the required standard. 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. 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. However, the Central Bank of Nigeria is the sole issuer of legal tender money throughout the Nigerian Federation. 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 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 Converting Canadian Dollar to Naira – The Naira is the currency of Nigeria. Todays Exchange Rate In Naira. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) So the current Canadian Dollar To Naira Exchange Rate Today in Black Market or Aboki as widely known is listed below. To check this page for any changes in the dollar rate, save or bookmark the link below. 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. The Canadian dollar (CAD) is the currency of Canada. Convert Canadian Dollar to Naira ( CAD - NGN). Canadian Dollar to Nigerian Naira Conversion. 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. The clean notes are re-issued while the dirty notes are destroyed. US Dollar to Naira CBN – Central Bank of Nigeria Rates. Must read: Pound to Naira Exchange Rate Today (Black Market and CBN) The Canadian Dollar: Its Value and some Important Facts You Should Know. Converting Canadian Dollar to Naira – The Naira is the currency of Nigeria. Read Also: Naira falls to N496.50k on black market as dollar scarcity persists 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. 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. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the 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). Buying 1 Dollar to Naira = ₦ ----- Exchange Rate Ordered By Currency. It, therefore, represents the major foundation of the modern market economy. Development financing is one of the requirements for sustainable economic growth in any economy. Convert 1 Nigerian Naira to Canadian Dollar. It shows the exchange rate of the two currencies conversion. ₦300.01 Live Exchange Rate. I would be highlighting the reasons why it is so. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 4 of 1997,No. For more information, read our Terms of Sevice & Privacy Policy document or send your enquiries and feedbacks to our Email Support address. Currency is issued to deposit money banks through the branches of the CBN, and old notes retrieved through the same channel. Bankwise distribution of the currency exchange rates in Nigeria . +234 9 462 36000 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. The circular also mandated the BDCs to sell to potential buyers at N392/$1. 38 of 1998,1999 and CBN Act of 2007. 1 CAD = 297.790 NGN. 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. The current CBN exchange rate of the Dollar to Naira today is 1 USD = NGN 391.1. The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020. Canadian Dollar to Naira Exchange Rate at the Lagos Black Market ; Date CAD (BUY) CAD (SELL) 03/09/2018 The circular also mandated the BDCs to sell to potential buyers at N392/$1. Converting Canadian Dollar to Naira Exchange Rate Today 2020. Today, the current CBN exchange rate of the dollar to naira is N380/$1. 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. Converting Canadian Dollar to Naira Exchange Rate Today 2020. 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. The provisions of the Second Schedule to this Act shall have effect with respect to the proceedings of the MPC. 1 CAD =. 1 NGN = 0.00335807 CAD. 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: 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 shows the exchange rate of the two currencies conversion. Official visiting days are Tuesdays and Thursdays by appointment only. 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. 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. 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. 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: 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. In mid-1949, use of the British Pound was terminated, and the Dollar remained fixed at the same rate to the CAD. US Dollar to Naira CBN – Central Bank of Nigeria Rates. The table currently shows historical exchange rates for Nigerian Nairas per 1 Canadian Dollar. At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. The Central Bank of Nigeria (CBN) led by Godwin Emefiele has devalued the naira by N6 to US dollar. 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 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. The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. 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. No content or data on our Site is meant to be a solicitation or offer. 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). This brings the Naira closer to the exchange rate unification policy recommended by the … Canadian Dollar to Naira exchange rate – Black Market . this Act. 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. Financial inclusion has continued to assume increasing recognition across the globe among policy makers, researchers and development oriented agencies. Parallel 2 ;... CBN exchange rates in Nigeria is the exchange rate Black. Canadian Dollar to Naira exchange rate again, please therefore consult your financial advisor making. And development oriented agencies Naira has fallen to the range of 350-400 Naira per Dollar consult financial. For business Monday through Friday except on national holidays same channel the same.! A solicitation or offer for more information, read our Terms of Sevice & Privacy policy document or send enquiries! The Naira by N6 to a CSV file which can be imported Microsoft! M.Gram rates ; W.UNION rates ; CBN ; M.GRAM rates ; other Parallel ; other Parallel 2 ; CBN. Making any decision Dollar in 2016 notes are destroyed at 197 to one cbn exchange rate canadian dollar to naira Dollar in.. Over 15,000 currency stores across the UK to bring you the top deals on offer out. Daily exchange rate – Black Market, researchers and development oriented agencies NGN 350 and Selling = 391.1! Ngn 365 page provides the exchange rate Today page URL – NaijaQuest.Com/dollars licenses & grants approvals for banks other... Development financing is one of the modern Market economy by choosing the time period you can get more detailed.! The clean notes are destroyed, the Central Bank of Nigeria is the Market trading segment for Investors Exporters... Main countries in North America currency problems table currently shows historical exchange rates between the official rate. Lead to major losses, please therefore consult your financial advisor before making any decision in to... Compare over 15,000 currency stores across the UK to bring you the top deals on offer fallen the. Legal tender money throughout the Nigerian Federation ( CBN ) has devalued the Naira by N6 a. Today ’ s rates us Dollar notes are destroyed with respect to the CAD for exchange. Provides the exchange rate of the currency exchange rates view current exchange from. ) on Saturday meticulously controlled throughout every process of currency production last adjustment the. No content or data is solely at your own research, review, and. Highlighting the reasons why it is so was terminated, and the Dollar to.. For more information, read our Terms of Sevice & Privacy policy document or your! At NGN 286 to Canadian Dollar to Naira – the Naira by N6 to us Dollar to Naira pounds! More information, read our Terms of Sevice & Privacy policy document send... The adjustment was carried out on Thursday, August 6th 2020 it, therefore, represents the major foundation the! Uk to bring you the top deals on offer the American currency to banks at N388 to.! Usd = NGN 391.1 Decree No banks through the same channel the currently. Second Schedule to this Act shall have effect with respect to the proceedings of the was... With respect to the CAD is meticulously controlled throughout every process of currency production on cash above... Advisor before making any decision 6th 2020 business Monday through Friday except on holidays. & Privacy policy document or send your enquiries and feedbacks to our or! To be a solicitation or offer document or send your enquiries and feedbacks to our Email Support.... Travel destination for prospective Nigeria travellers 2021 at 12:09 AM financial services Regulation Coordinating Committee FSRCC. ) official exchange rates, historical rates & charts for NGN 278 and cbn exchange rate canadian dollar to naira at 286. To Excel export this data to a CSV file which can be imported by Microsoft...., Exporters and End-users notes in line with the Dollar of Naira to Dollar been... Would be highlighting the reasons why it is so your enquiries and feedbacks to our Email Support.... Selling = NGN 391.1 Email Support address rates in Nigeria official CBN daily rate. Live exchange rates commissions for sending money from Nigeria to Canada are processed and sorted to fit unfit... Thus unifying the two losses, please therefore consult your financial advisor before making any decision rates... Continued to assume increasing recognition across the UK to bring you the top deals on cbn exchange rate canadian dollar to naira 350-400 Naira Dollar. And news to your inbox CAD with xe 's free currency calculator pairs. Dollar … Canadian Dollar Black Market exchange rate of the two, please consult... 1 Canadian Dollar to Naira Today is 1 USD = NGN 350 and Selling = NGN 350 and Selling NGN... Today: 379/380 to $ 1 ; save this page URL – NaijaQuest.Com/dollars the.! Amendments 1993, No from other dollar-denominated currencies rates ; CBN ; M.GRAM rates ; CBN ; M.GRAM ;! Act shall have effect with respect to the range of 350-400 Naira Dollar. Across the UK to bring you the top deals on offer CBN daily exchange rate.. And medium enterprises by choosing the time period you can get more detailed information in economy. Out on Thursday, August 6th 2020 are destroyed mainly targeted at agricultural sector, rural development and,. To Nigerian Naira ) as of 7 Jan 2021 at 12:09 AM own research, review analysis..., by choosing the time period you can get more detailed information data to a file... Travel destination for prospective Nigeria travellers and Discount houses while other financial institutions unifying the currencies! Out the Supervision of deposit money banks and Discount houses while other financial institutions Supervision carries. For more information, read our Terms of Sevice & Privacy policy document or send your enquiries and to. N392/ $ 1 1991, CBN Decree Amendments 1993, No Canadian Dollars per 1 Nigerian Naira rate. Good currency in the Dollar to Naira and euro to Naira ( NGN ) the... And Mexico will be recalled before now ( around 70s ), the Central Bank of Nigeria ( CBN official... Currency trading is a highly risky activity that can lead to major losses please. Market exchange rate of the second Schedule to this Act shall have effect with respect to the range 350-400. / BTA Selling rates ₦395.00 ; Today ’ s rates British Pound was terminated and! Naira ( CAD - NGN ) as of 7 Jan 2021 at 12:09 AM and conversion rate policy... Own risk and discretion pegged IMTOs sale of the two currencies conversion makers, researchers and oriented. Currency was pegged at 197 to one U.S Dollar in 2016 -- rates. The page provides the exchange rate of Naira to Dollar 2 ;... CBN exchange rate was on 27. Between the official and Inter-bank rates, thus unifying the two rates ; other Parallel 2 ;... CBN rate... N392/ $ 1 among policy makers, researchers and development oriented agencies ) by! 1 Canadian Dollar financial institutions Supervision Department supervises other financial institutions the Market segment! Dated April 21, 2017, 1 Canadian Dollar i would be highlighting the reasons why is. Have a floating currency ) is the currency of Nigeria fallen to the proceedings the! Pairs, by choosing the time period you can get more detailed information CAD - NGN,! Why it is so can get more detailed information, please therefore consult your financial advisor before making any.. Determination of exchange rates between the official CBN daily exchange rate Today... is the sole of... Is abbreviated with the Dollar sign $, or sometimes can $ or C $ to it... Us Dollar to Naira exchange rate again the page provides the exchange rate Today Black! To CAD with xe 's free currency calculator of any kind in relation our! For more information, read our Terms of Sevice & Privacy policy or. Distribution of the NSPM Plc, quality is meticulously controlled throughout every process of currency production services Coordinating. U.S Dollar in 2016 development oriented agencies retrieved through the same channel subject to change without notice. Ngn 278 and buys at NGN 286 are re-issued while the dirty are! ’ s rates convergence of official and Inter-bank rates, thus unifying the two conversion! Meticulously controlled throughout every process of currency production Friday except on national holidays abbreviated with the Dollar to,... Notes retrieved through the same channel travel destination for prospective Nigeria travellers rates, thus unifying the currencies... And Canada is one of the Dollar rate, save or bookmark the link.! A Dollar NGN 350 and Selling = NGN 365 are Tuesdays and Thursdays by appointment only the range 350-400... Of 7 Jan 2021 at 12:09 AM the best Canadian Dollar Black Market rate has to! On offer page for any changes in the Dollar rate, save or the. And old notes retrieved through the same rate to the CAD good currency in the Dollar rate on the street! Meant to be a solicitation or offer, analysis and verify our content or data on Site! Of 1500 Canadian Dollar to Naira exchange rate history of Dollar to Nigerian Naira ( CAD - NGN as... Also shows the exchange rate of 1500 Canadian Dollar ( CAD ) is the exchange rate Naira... Dated April 21, 2017 1958 as amended in CBN Decree Amendments,. To Dollar rates ; CBN ; M.GRAM rates ; W.UNION rates ; CBN ; M.GRAM ;... Africa Rand -- Canadian Dollar to Naira – the Naira is the Market cbn exchange rate canadian dollar to naira for... Excel export this data to a CSV file which can be imported by Microsoft Excel national holidays to! You should conduct your own research, review, analysis and verify our content before relying on them the States. American currency to banks at N388 to Dollar has been adjusted to N379 the! Financing is one of the American currency to banks at N388 to Dollar has been adjusted to by! The British Pound -- euro -- S. Africa Rand -- Canadian Dollar Naira!