Canadian Dollar to Naira Black Market BDC Rate Today (26 March 2024)

You are about to change your Canadian dollars and you want to know the Canadian dollar to naira black market BDC rate today? One Canadian dollar (CAD) is currently worth ₦1,176 on the black market also known as the BDCs parallel market today 26 March, 2024. What this means is that for every $1 Canadian, you may get 1,176 Naira.

Due to the lack of government regulation, the Black Market Exchange rate is usually more than the official exchange rate.

It is safe and legal to exchange money at a BDC. More often than not, they will give you a better rate than a bank would.

You should look at more than one BDC, though, before you exchange your money, because rates can be different between BDCs.

Let’s take a look more at the BDC parallel market rates otherwise known as the Aboki rates and find out more about Canadian dollar to naira black market BDC rate today (26 March 2024)

How much is 1 CAD in the Naira parallel market today?

The buying and selling rates of the 1 CAD to Naira is given below:

Buying rate	₦1,176 for 1 Canadian dollar (CAD)
Selling rate:	₦1,192 for 1 Canadian dollar (CAD)

If you want to buy 1 CAD on the parallel black market today, you will have to pay 1,192 naira, and if you want to sell one Canadian dollar, you will receive 1,176 naira.

These rates can vary depending on the location where you are carrying out the currency exchange.

Note: Oga Price does not fix exchange rates. This should be used as a reference point, otherwise, you should check on the licensed BDCs closest to you for the up-to-date rates as rates can change within minutes or hours. You can get the licensed BDCs from the official site of the Central Bank of Nigeria.

What is the official exchange rate of Canada for naira?

As of today, the 26th of March 2024, the official bank exchange rate for the Canadian dollar to the Nigerian naira is ₦ 1,061.56 for 1 Canadian dollar (CAD).

However, these rates may still slightly change from one bank to another and these rates are affected by factors such as the amount of money you are exchanging and demand/supply.

Table of Canadian Dollars To Naira Rates in the Parallel Black Market Today

AMOUNT CANADIAN DOLLARS	AMOUNT IN NAIRA
Rate of 50 Canadian Dollars	58,800
Rate of 100 Canadian Dollars	117,600
Rate of 200 Canadian Dollars	235,200
Rate of 300 Canadian Dollars	352,800
Rate of 500 Canadian Dollars	588,000
Rate of 1000 Canadian Dollars	1,176,000
Rate of 2000 Canadian Dollars	2,352,000
Rate of 5000 Canadian Dollars	5,880,000

FAQs – Canadian Dollar to Naira Black Market BDC Rate Today

Does Oga Price fix exchange rates?

No, we do not fix exchange rates, we get information on exchange rates from official channels like the banks and the black market rates from licensed BDCs nationwide.

What is the selling rate of the Canadian dollar today?

The selling rate is ₦1,192 for 1 Canadian dollar (CAD) which means you will have to pay ₦1,192 to the BDC or Aboki to be able to get 1 Canadian dollar (CAD). Always remember that these rates can change at any time and depending on the location and amount you are exchanging.

How much is 1 naira to 1 Canadian dollar?

One naira will give you 0.000942 CAD using the official rate.

1 NGN = 0.000942 CAD

While in the black market, 1 naira will give you

1 NGN = 0.000850 CAD

What is Canadian currency called?

Canada’s currency is called the Canadian dollar (CAD). The Canadian currency is available in 5, 10, 20, 50 and 100 dollar paper notes

What is the app that converts Naira to the Canadian dollar?

If you want to convert the naira to the Canadian dollar one of the best apps to get an accurate result is XE.com. Forbes Advisor can also convert accurately for you, you can get the Forbes Advisor converter here