How much is canadian dollar to naira today?

The Canadian dollar to naira rate today is approximately ₦1,120–₦1,180 per CAD$1 at the official CBN-derived rate. Use the live calculator above for the exact current figure at both the official rate and the parallel market.

How much is 100 canadian dollars in naira?

CAD$100 converts to approximately ₦112,000–₦118,000 NGN at today's rates. Use our live converter above for the exact current amount.

What is the best app for CAD to NGN transfers?

Lemfi is the top choice for Nigerians in Canada sending money home, offering rates close to the official CBN rate with zero fees on many transfers. Wise is also excellent for transparent pricing. Both beat Canadian banks by ₦10,000–₦15,000 per CAD$100 sent.

🇳🇬 Rates updated:

Canadian Dollar to Naira Today

Live CAD to NGN exchange rate for Nigerians in Canada — official and parallel market rates.

CBN Official Rate

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per 1 CAD

Parallel Market

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per 1 CAD

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Using CBN Official Rate

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CAD to Nigerian Naira — Quick Reference Table

Live rates for common amounts. Both CBN official and parallel market rates.

Amount (CAD)	CBN Official (₦)	Parallel Market (₦)

Canadian dollar to naira — Full Guide

The Canadian dollar to naira rate is essential for Nigeria's growing community in Canada — one of the fastest-growing Nigerian diaspora destinations, with over 100,000 Nigerians in Ontario, British Columbia, and Alberta. The CAD/NGN conversion is derived from the Canadian dollar's value against the US dollar and then the CBN's USD/NGN rate.

Nigerians in Canada regularly send money home for family support, property investments, and school fees. At today's rate, every Canadian dollar you send converts to a meaningful amount of naira for your family.

CAD to NGN: Understanding the Canadian Dollar Rate

Canada's dollar floats against the US dollar and is heavily influenced by oil prices (Canada is a major oil exporter), Bank of Canada policy, and global risk appetite. When oil prices rise, the CAD typically strengthens against the USD, which in turn improves the CAD/NGN rate for senders in Canada. The CAD/NGN rate is calculated via CAD→USD→NGN, so both the forex market and the CBN's rate affect your conversion.

Best Ways to Send CAD to Nigeria from Canada

Lemfi has become extremely popular among Nigerians in Canada for its competitive CAD/NGN rates and low fees. Wise is also available in Canada and offers transparent pricing. Some Nigerians use Grey Finance's CAD accounts. Avoid traditional Canadian banks (RBC, TD, Scotiabank) for Nigeria transfers — their spreads are typically 10–15% worse than digital alternatives, and fees are often $15–$40 per transfer.

Frequently Asked Questions

Answers to the most common questions about canadian dollar to naira

The Canadian dollar to naira rate today is approximately ₦1,120–₦1,180 per CAD$1 at the official CBN-derived rate. Use the live calculator above for the exact current figure at both the official rate and the parallel market.
CAD$100 converts to approximately ₦112,000–₦118,000 NGN at today's rates. Use our live converter above for the exact current amount.
Lemfi is the top choice for Nigerians in Canada sending money home, offering rates close to the official CBN rate with zero fees on many transfers. Wise is also excellent for transparent pricing. Both beat Canadian banks by ₦10,000–₦15,000 per CAD$100 sent.

Everything you need for Nigerian Naira exchange rates