CANADIAN DOLLAR TO NAIRA BLACK MARKET CONVERTER
Convert Canadian Dollars to Nigerian Naira using the Nigerian black market exchange rate.
The exchange rate is temporarily unavailable. Please check back later.
Black market exchange rates are updated daily by MasaMasa. This is an indicative rate and may differ from your final transaction quote.
Convert CAD to NGN
Check estimated Canadian Dollars to Nigerian Naira conversions for common amounts using the current black market exchange rate.
NGN to CAD
How much Canadian Dollar your naira is worth
CAD to NGN
Estimated naira value of Canadian Dollar
Black market exchange rates are updated daily by MasaMasa. Estimates use the same CAD/NGN rate configured in the MasaMasa calculator. They are indicative and are not guaranteed MasaMasa selling quotes.
How Much Is 1 Canadian Dollar (CAD) to Naira (NGN)?
Today, the current Canadian Dollar to Naira black market rate is loading.... This means C$1 is worth loading..., C$50 equals loading..., C$100 equals loading..., C$200 equals loading..., C$500 equals loading..., while C$1,000 is worth loading.... The value of 1 Canadian Dollar to Naira depends on the prevailing exchange rate and where you exchange your Canadian Dollars.
If you are searching for the Canadian Dollar to Naira black market rate today, it is important to understand that the parallel market rate may differ from the official exchange rate. CAD to NGN exchange rates in Nigeria fluctuate due to foreign currency demand, availability and changes in the global currency market.
Whether you receive Canadian Dollars from abroad, make international payments, pay tuition fees or want to convert your savings into Naira, checking the latest CAD to NGN exchange rate can help you make informed decisions. Use the MasaMasa Canadian Dollar to Naira calculator above to estimate your conversion before exchanging.
How the Canadian Dollar to Naira Exchange Rate Has Changed (2010–2026)
The Canadian dollar has experienced significant changes in value against the Nigerian naira over the past 16 years. What once exchanged for less than ₦150 in 2010 now trades at a much higher level. This shift reflects changes in Nigeria's currency market, inflation, foreign exchange supply and broader economic conditions.
Looking at the historical CAD to NGN exchange rate gives Nigerians a clearer picture of how much the naira has weakened over time and why the amount received when converting Canadian dollars has changed.
Canadian Dollar to Naira: Historical Rates from 2010 to 2026
The table below shows the annual average reference exchange rate for one Canadian dollar against the naira from 2010 to 2025. The 2026 figure is different: it displays the current rate configured in the MasaMasa CAD calculator.
| Year | Average Rate (1 CAD to NGN) |
|---|---|
| 2010 | ₦145.90 |
| 2011 | ₦156.85 |
| 2012 | ₦158.21 |
| 2013 | ₦153.81 |
| 2014 | ₦148.82 |
| 2015 | ₦154.68 |
| 2016 | ₦193.37 |
| 2017 | ₦238.91 |
| 2018 | ₦236.85 |
| 2019 | ₦231.18 |
| 2020 | ₦267.29 |
| 2021 | ₦319.89 |
| 2022 | ₦325.39 |
| 2023 | ₦473.52 |
| 2024 | ₦1,080.92 |
| 2025 | ₦1,085.95 |
| 2026 (Current calculator rate) | Loading... |
What Caused the Canadian Dollar to Rise Against the Naira?
1. Changes in Nigeria's foreign exchange market
Nigeria's foreign exchange market has gone through several policy changes. Restrictions, limited access to foreign currency and the movement towards a more market-driven exchange rate have all influenced the naira's value.
2. Reduced strength of the naira
Inflation, pressure on foreign reserves and the demand for foreign currencies have contributed to the naira's long-term depreciation. As the naira buys less foreign currency, Canadians sending money to Nigeria may receive more naira for each dollar exchanged.
3. Movements in the Canadian dollar
The CAD/NGN rate is also influenced by the Canadian dollar's performance in international markets. Interest-rate decisions, commodity prices and economic conditions in Canada can affect the value of CAD against other currencies.
Frequently Asked Questions About Canadian Dollar to Naira
How much is 1 Canadian dollar in Nigerian naira today?
The value of 1 Canadian dollar (CAD) in Nigerian naira (NGN) changes as foreign exchange market conditions shift. The amount you receive also depends on the exchange rate offered by your provider. Use the MasaMasa CAD to NGN calculator to check the current conversion rate.
How much is C$100 in Nigerian naira?
The naira value of C$100 depends on the prevailing CAD to NGN exchange rate. Multiply 100 by the current rate to estimate your conversion. You can enter 100 CAD into the MasaMasa currency calculator to see the corresponding amount in naira.
How much is C$500 or C$1,000 to naira?
To calculate C$500 or C$1,000 in naira, multiply the amount in Canadian dollars by the available CAD to NGN rate. Since exchange rates can change, check the calculator before making your transaction to get an updated estimate.
Why does the Canadian dollar exchange rate change against the naira?
CAD to NGN movements are influenced by economic conditions in both countries. Factors such as inflation, interest rates, foreign currency demand, oil prices, monetary policy and the availability of foreign exchange in Nigeria can affect the rate.
Can Nigerians in Canada send Canadian dollars to Nigeria?
Yes. Nigerians living in Canada can use supported international money transfer services to send funds to beneficiaries in Nigeria. The recipient's payout currency and the final amount depend on the service provider, transfer method and applicable exchange rate.
Can I use Canadian dollars to pay for expenses in Nigeria?
Most everyday expenses in Nigeria are priced and paid for in naira. If you hold Canadian dollars, you may need to convert them into NGN before paying for local services, shopping, accommodation or other expenses.
Is the Canadian dollar stronger than the Nigerian naira?
Yes. One Canadian dollar is worth more than one Nigerian naira. However, the actual purchasing power of either currency depends on local prices, inflation and the cost of goods and services in each country.
Where can I check the Canadian dollar to naira black market rate?
The black market rate can differ from official foreign exchange reference rates. Check the rate offered by your chosen exchange provider and confirm the amount you will receive before completing a conversion. Rates may vary between providers and locations.
Does the CAD to NGN rate affect Nigerian students in Canada?
Yes. Changes in the exchange rate can affect how much families in Nigeria need to provide for tuition, accommodation, feeding and other expenses in Canada. A weaker naira generally means more naira is required to cover the same Canadian dollar expense.
How can I convert Canadian dollars to naira on MasaMasa?
Visit the MasaMasa CAD to NGN calculator, enter the amount in Canadian dollars and view its estimated value in naira using the configured exchange rate. You can use the result to understand the conversion value before proceeding.