The Canadian Dollar to Naira exchange rate today is ₦954.16 per C$1 at the official reference rate. The monitored parallel-market selling rates average ₦1,060.67 per C$1, giving a parallel-market reference rate of approximately ₦1,060/C$1.
Today’s CAD/NGN rate includes the official rate, parallel-market buy and sell rates, the rate difference, and direct Canadian Dollar-to-Naira conversions to help you compare available rates before exchanging money.
Parallel-market reference: ₦1,060/C$
Official rate: ₦954.16/C$
Average sell: ₦1,060.67/C$
Difference: ₦106.51/C$ (11.16%)
Canadian Dollar to Naira Rate Today
Official CAD/NGN Exchange Rate
The official CAD/NGN exchange rate is ₦954.16 per C$1.
In other words:
C$1 = ₦954.16
At this rate:
C$100 = ₦95,416.00
The official rate is the reference rate used for the official-market calculation in this report.
Canadian Dollar to Naira Black Market Rate
The current Canadian Dollar to Naira black-market rate is approximately ₦1,060 per C$1, based on the monitored parallel-market selling rates.
The underlying monitored selling rates currently range from ₦1,022 to ₦1,080 per C$1, with an average selling rate of ₦1,060.67/C$1.
Because parallel-market quotations can differ between dealers and locations, the ₦1,060 figure should be treated as a reference rate rather than a guaranteed transaction rate.
How Much Is 1 Canadian Dollar in Naira Today?
1 Canadian Dollar = ₦954.16 at the official rate.
1 Canadian Dollar ≈ ₦1,060 at the parallel-market reference rate.
For a direct conversion, multiply the Canadian Dollar amount by the applicable CAD/NGN rate.
Formula:
Canadian Dollar amount × CAD/NGN rate = Naira value
For example:
C$1 × ₦1,060 = ₦1,060
Canadian Dollar to Naira Black Market Conversion
Using the ₦1,060/C$1 parallel-market reference rate:
| Canadian Dollars | Nigerian Naira |
|---|---|
| C$1 | ₦1,060.00 |
| C$10 | ₦10,600.00 |
| C$20 | ₦21,200.00 |
| C$50 | ₦53,000.00 |
| C$100 | ₦106,000.00 |
| C$500 | ₦530,000.00 |
| C$1,000 | ₦1,060,000.00 |
Conversion formula: Canadian Dollar amount × ₦1,060 = Naira value.
These figures are reference calculations. The amount actually received or paid may differ depending on the rate offered by the dealer and any applicable transaction charges.
Official CAD/NGN Conversion Today
Using the official rate of ₦954.16 per C$1:
| Canadian Dollars | Nigerian Naira |
|---|---|
| C$1 | ₦954.16 |
| C$10 | ₦9,541.60 |
| C$20 | ₦19,083.20 |
| C$50 | ₦47,708.00 |
| C$100 | ₦95,416.00 |
| C$500 | ₦477,080.00 |
| C$1,000 | ₦954,160.00 |
Conversion formula: Canadian Dollar amount × ₦954.16 = Naira value.
For example:
C$100 × ₦954.16 = ₦95,416.00
Canadian Dollar Buy and Sell Rate Today
The buy rate is the rate at which a dealer buys Canadian Dollars from you.
The sell rate is the rate at which a dealer sells Canadian Dollars to you.
Therefore:
- Selling Canadian Dollars: compare the buy rates and look for the better quotation.
- Buying Canadian Dollars: compare the sell rates and look for the lower quotation.
| CAD/NGN Market Indicator | Rate |
|---|---|
| Lowest buy rate | ₦1,014/C$1 |
| Highest buy rate | ₦1,020/C$1 |
| Average buy rate | ₦1,018.00/C$1 |
| Lowest sell rate | ₦1,022/C$1 |
| Highest sell rate | ₦1,080/C$1 |
| Average sell rate | ₦1,060.67/C$1 |
The monitored CAD/NGN buy rate ranges from ₦1,014 to ₦1,020 per C$1, while the sell rate ranges from ₦1,022 to ₦1,080 per C$1.
Official CAD/NGN Rate vs Black Market Rate
The official CAD/NGN reference rate is ₦954.16/C$1, compared with an average monitored parallel-market selling rate of ₦1,060.67/C$1.
| Comparison | CAD/NGN Rate |
|---|---|
| Official rate | ₦954.16/C$1 |
| Average parallel-market sell rate | ₦1,060.67/C$1 |
| Difference | ₦106.51/C$1 |
| Parallel-market premium | 11.16% |
The average parallel-market selling rate is ₦106.51 higher per C$1, representing an 11.16% premium over the official rate.
What Does the Rate Difference Mean?
For C$100:
- Official reference value: ₦95,416.00
- Parallel-market reference value: ₦106,067.00
- Difference: ₦10,651.00
The calculation is:
C$100 × ₦1,060.67 = ₦106,067.00
compared with:
C$100 × ₦954.16 = ₦95,416.00
Therefore:
₦106,067.00 − ₦95,416.00 = ₦10,651.00
Is the Naira Getting Stronger Against the Canadian Dollar?
Today’s official CAD/NGN rate is ₦954.16/C$1, compared with the previous official rate of ₦954.16/C$1.
The change is:
₦954.16 − ₦954.16 = ₦0.00
This represents a 0.00% change, meaning the official CAD/NGN rate is unchanged over the comparison period.
A lower CAD/NGN rate means fewer Naira are required to buy C$1, while a higher CAD/NGN rate means more Naira are required to buy C$1.
What Today’s CAD/NGN Rates Mean for You
The most relevant rate depends on whether you are buying or selling Canadian Dollars.
If You Are Buying Canadian Dollars
Focus on the sell rate.
A lower sell rate means you need fewer Naira to purchase the same amount of Canadian Dollars.
For example, at a sell rate of ₦1,022/C$1:
C$100 × ₦1,022 = ₦102,200
At a sell rate of ₦1,080/C$1:
C$100 × ₦1,080 = ₦108,000
The difference between those quotations is:
₦108,000 − ₦102,200 = ₦5,800
If You Are Selling Canadian Dollars
Focus on the buy rate.
A higher buy rate means you receive more Naira for the same amount of Canadian Dollars.
For example, at a buy rate of ₦1,014/C$1:
C$100 × ₦1,014 = ₦101,400
At a buy rate of ₦1,020/C$1:
C$100 × ₦1,020 = ₦102,000
The difference is:
₦102,000 − ₦101,400 = ₦600
Always confirm the actual rate, transaction fees and applicable charges before completing an exchange.
Today’s CAD/NGN Exchange Rate Summary
| Market Indicator | Today’s Rate |
|---|---|
| Official CAD/NGN rate | ₦954.16/C$1 |
| Parallel-market reference | ≈ ₦1,060/C$1 |
| Average parallel-market buy | ₦1,018.00/C$1 |
| Average parallel-market sell | ₦1,060.67/C$1 |
| Buy-rate range | ₦1,014–₦1,020/C$1 |
| Sell-rate range | ₦1,022–₦1,080/C$1 |
| Official-to-parallel difference | ₦106.51/C$1 |
| Parallel-market premium | 11.16% |
Bottom Line
The Canadian Dollar to Naira rate today is ₦954.16 per C$1 at the official reference rate and approximately ₦1,060 per C$1 using the parallel-market reference rate.
The monitored CAD/NGN buy rate is ₦1,014–₦1,020/C$1, while the sell rate is ₦1,022–₦1,080/C$1.
If you are selling Canadian Dollars, compare buy rates. If you are buying Canadian Dollars, compare sell rates. The actual amount you receive or pay can be different from these reference rates, so confirm the final quotation and any applicable fees before completing the transaction.
Rate Methodology
The official rate shown in this report is the stated official CAD/NGN reference rate.
Parallel-market quotations are manually entered from the monitored sources Aboki FX, Talentbase.ng and Monierate. The plugin calculates the average buy rate and average sell rate from the available quotations.
The parallel-market reference rate is calculated from the average selling rate and rounded to the nearest ₦10 unless a custom reference rate is entered.
The official-to-parallel difference is calculated as:
Average parallel-market sell rate − official rate
The percentage premium or discount is calculated as:
(Average parallel-market sell rate − official rate) ÷ official rate × 100
All Naira conversion tables are direct mathematical calculations based on the stated exchange rate.
Parallel-market rates are indicative reference quotations and are not guaranteed transaction rates. Actual rates may vary by dealer, location, transaction size, payment method and applicable charges.
Market date: September 8, 2026
Official rate date: September 7, 2026
Currency pair: CAD/NGN
Currency: Canadian Dollar (CAD)
Market: Nigerian official and parallel market