CAD to NGN Exchange Rate Today
Canadian Dollar to Nigerian Naira conversion for Canada's 100,000+ Nigerian community. Track CAD/NGN rates for remittances from Toronto, Calgary, Edmonton to Lagos, Abuja, Port Harcourt families.
1000 CAD =
937,769.56NGN
1 NGN = 0.0011 CAD
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Compare money transfer service fees for the best rates
CAD to NGN conversion table
Common amounts at the current mid-market rate of 1 CAD = 937.77 NGN.
Mid-market rate: the midpoint banks trade at, before any provider adds a margin. What you actually receive is below.
What you actually get for 1,000 CAD
Nobody converts at the mid-market rate. At 1 CAD = 937.77 NGN, a perfect conversion of 1,000 CAD would be 937,770 NGN. Here is what 5 services would really send, fee and exchange-rate margin included.
On 1,000 CAD, the gap between the best and worst option here is 0.0000 NGN for the same money, converted on the same day. That difference is the fee plus the margin each service builds into its rate, and it is the only part of this page you can do anything about. How exchange-rate markups work.
Typical pricing for a bank-funded transfer to a bank account, not a live quote. Promotional offers and payment method can change it. Check the provider before sending. Where we price a service from its own recent quotes, its row uses the fee and rate margin from that quote. Some services we price from their own quotes are not in this table, because their quote for this pair depends on a payment or delivery choice or we hold none for it, so “cheapest” is among the services shown. Each is priced on its own calculator.
Frequently Asked Questions
What is the Canadian Dollar to Nigerian Naira exchange rate?
The CAD to NGN exchange rate has experienced extreme volatility as Nigeria grapples with forex reforms and currency devaluation. On October 15, 2026, the mid-market rate was 1 CAD = 937.77 NGN. Canada's 100,000+ Nigerian diaspora, concentrated in Toronto, Calgary, and Edmonton, makes this a critical North American remittance channel. Lagos operates multiple exchange windows: CBN official rates, I&E window rates, and street market rates, creating arbitrage opportunities but also confusion. Nigerian-Canadian professionals, skilled workers, and students must monitor rates continuously given monthly fluctuations of 10-20%. Real-time mid-market rates update every 30 minutes.
How can Nigerians in Canada send money to Nigeria?
Nigerian-Canadians utilize Canada's robust remittance ecosystem: Remitly (Nigerian bank integration), WorldRemit, SendWave, Western Union/MoneyGram (nationwide Nigerian access), or Canadian bank wires. Wires through RBC, TD or Scotiabank are costly, with flat wire fees on top of the bank's exchange rate. Toronto (Scarborough, North York), Calgary, and Edmonton senders benefit from comparing final NGN delivery, since naira instability creates 3-5% rate variations hourly. Many use mobile notifications to catch favorable conversion windows.
Why is the naira weak against the Canadian dollar?
The CAD-NGN exchange gap highlights contrasting economic fundamentals: Nigeria's petroleum monoculture versus Canada's diversified resource base. Lagos's chronic forex shortages force the CBN into complex multi-tier pricing (official, I&E, parallel), while persistent 15-25% inflation erodes naira value. Both currencies are commodity-linked, but Canada's stability contrasts with Nigerian volatility. For 100K+ Nigerian-Canadians remitting C$2B annually, the widening spread increases family purchasing power but reflects Nigeria's deepening forex crisis.
Do Canadian banks offer good naira exchange rates?
No. Canadian banks rarely handle NGN directly and charge transfer fees plus poor exchange spreads. RBC, TD, Scotiabank, BMO, and CIBC all offer terrible rates for CAD to NGN. Dedicated Nigeria remittance services such as Remitly, SendWave and WorldRemit are the usual alternative, with faster delivery to Nigerian accounts. The comparison above shows current costs for the services it can price on this route. For Nigerian-Canadians sending regular family support, specialized services can save significantly versus traditional banks.
When should I send Canadian dollars to Nigeria for best rate?
Toronto Nigerians sending C$1,000 monthly maximize value when the loonie strengthens against the naira. Nigerian Canadians (100,000+ community, fastest-growing African diaspora) remit C$2B annually to Lagos, Abuja, Port Harcourt families. Naira volatility (the 2023 unification sent the naira sharply lower) creates timing opportunities. A 20% move in the rate is worth C$200 monthly on C$1K flows, meaningful for the Calgary or Edmonton Nigerian diaspora financing family support, Abuja property, or business capital during CBN policy transitions.
Popular NGN Currency Pairs
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