Canadian Dollar to Naira – Black Market Exchange Rate

Canadian Dollar to Naira – Black Market Exchange Rate

Canadian Dollar to Naira Black Market Exchange Rate – The Naira keeps falling against the US Dollar every day, so everyone has been looking for an alternative foreign currency to trade with. The following is the current Canadian Dollar against the Naira exchange rate.

• What is the current black market exchange rate today?
• How much is 1 CAD in Naira black market?
• Convert Canadian Dollar to naira in the black market rate.

Canadian Dollar (CAD) to Naira (NGN) Exchange Rates

Black Market =

buy = N305

Sell = N335

GTBank = N294

Access Bank = N327

UBA= N316

First bank  = N316

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As prescribed above, the Exchange rate in the black market is not pegged as CBN rate, as such, it fluctuates daily. For this regard, this page is updated frequently with the latest exchange rates we advise you to Bookmark this page.

Key Factors that Affect Increase in Canadian Dollar to Naira

• A rate cut leads to currency depreciation
• Prospect of a rate hike in the US
• The loonie and falling commodity prices.

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