Nigerian naira to Canadian dollars today
1 NGN = 0.0010 CAD
Convert NGN to CAD at the mid-market exchange rate. Access real-time rates via our /api/rate endpoint (no API key required) or the developer docs.
Exchange Rate Trend
NGN to CAD Conversion Table
Convert NGN to CAD
| NGN | CAD |
|---|---|
| ₦1 | C$0.00 |
| ₦5 | C$0.01 |
| ₦10 | C$0.01 |
| ₦25 | C$0.03 |
| ₦50 | C$0.05 |
| ₦100 | C$0.10 |
| ₦500 | C$0.50 |
| ₦1,000 | C$1.00 |
| ₦5,000 | C$5.01 |
| ₦10,000 | C$10.01 |
Convert CAD to NGN
| CAD | NGN |
|---|---|
| C$1 | ₦998.6917 |
| C$5 | ₦4,993.4586 |
| C$10 | ₦9,986.9171 |
| C$25 | ₦24,967.2928 |
| C$50 | ₦49,934.5857 |
| C$100 | ₦99,869.1714 |
| C$500 | ₦499,345.8569 |
| C$1,000 | ₦998,691.7139 |
| C$5,000 | ₦4,993,458.5693 |
| C$10,000 | ₦9,986,917.1385 |
About the Nigerian Naira (NGN)
The Nigerian Naira (NGN) is the currency of Africa's largest economy. It is managed by the Central Bank of Nigeria and is heavily influenced by oil exports, which account for most of Nigeria's foreign exchange earnings.
Key Factors That Influence NGN
- Oil prices and production
- CBN exchange rate policy
- Diaspora remittances
- Foreign investment flows
- Inflation and monetary policy
About the Canadian Dollar (CAD)
The Canadian Dollar (CAD) is heavily influenced by oil prices as Canada is one of the world's largest oil exporters. It is managed by the Bank of Canada and closely tracks US economic performance.
Key Factors That Influence CAD
- Oil and energy prices
- Bank of Canada rate decisions
- US economic conditions
- Canadian housing market
- Trade balance with the United States
Understanding the NGN/CAD Exchange Rate
The NGN/CAD exchange rate tells you how many Canadian dollars you get for 1 Nigerian Naira. This is the mid-market rate — the real exchange rate without any markup. It's the same rate used by Google Finance and Bloomberg.
AllRatesToday provides this rate via a free REST API, updated every 60 seconds from Reuters (Refinitiv) and interbank market feeds. Integrate live NGN/CAD rates into your app with our official SDKs for JavaScript, Python, PHP, and React.
The exchange rate between NGN and CAD fluctuates based on supply and demand in the foreign exchange market. Economic data releases, central bank announcements, and geopolitical events can all cause significant movements in the rate.
Integrate NGN/CAD Rates Into Your App
Whether you're building a fintech product, e-commerce platform, or financial dashboard, AllRatesToday makes it easy to add live exchange rates to your application:
- Real-time mid-market rates: The rate shown on this page updates every 60 seconds from Reuters/Refinitiv — no stale daily data.
- Free API tier: Get started at no cost. No credit card required.
- Official SDKs: Install from npm, PyPI, or Packagist and start coding in minutes — not days.
- Transparent data source: We name our source (Reuters/Refinitiv and interbank feeds). No vague "multiple commercial sources."
- Historical data: Access rate history for charting, reporting, and reconciliation via the API.
- Multi-currency support: 160+ currencies including NGN and CAD. Request multiple pairs in a single call.
How NGN/CAD Exchange Rates Work
Exchange rates are determined by supply and demand in the global foreign exchange (forex) market, the largest financial market in the world with over $6 trillion traded daily.
Floating vs Fixed Rates: Most major currencies like NGN and CAD have floating exchange rates, meaning their value is determined by market forces. Some currencies are pegged to another currency (usually USD) at a fixed rate.
Bid and Ask Prices: In forex markets, currencies are quoted with a bid price (what buyers pay) and ask price (what sellers receive). The mid-market rate shown on this page is the midpoint between these two prices.
Rate Fluctuations: The NGN/CAD rate can change every second during trading hours. Major economic announcements, interest rate decisions, and geopolitical events can cause significant moves in either direction.
Frequently Asked Questions About NGN/CAD
How do I convert NGN to CAD?
To convert NGN to CAD: (1) Use the calculator above to see the live mid-market rate. (2) For programmatic access, call our API: GET /api/v1/rates?source=NGN&target=CAD. Current rate: 1 NGN = 0.0010 CAD. Get your free API key at allratestoday.com/register.
What is 1 NGN in CAD today?
1 NGN equals 0.0010 CAD as of today. This is the mid-market exchange rate, which is the real rate without any bank markup. Rates fluctuate constantly based on market conditions, so check back regularly for updates.
Is the NGN going up or down against CAD today?
The NGN/CAD exchange rate fluctuates throughout the day based on market conditions. Today's rate is 1 NGN = 0.0010 CAD. Check our historical chart above to see the trend over the past day, week, month, or year to understand whether NGN is strengthening or weakening against CAD.
What is the best time to buy CAD with NGN?
The best time to exchange NGN to CAD depends on market conditions. Generally, rates tend to be more favorable during overlapping trading hours between major financial centers (London, New York, Tokyo). Avoid exchanging during weekends or bank holidays when spreads may be wider. Use our historical chart to identify trends and consider setting up rate alerts.
Why is NGN falling or rising against CAD?
Exchange rates between NGN and CAD are influenced by: interest rate differentials between central banks, inflation rates, GDP and economic growth data, trade balances, political stability, and global market sentiment. Major announcements from the Federal Reserve, ECB, or other central banks can cause significant short-term movements in the NGN/CAD rate.
How can I get NGN/CAD rates in my app?
Use the AllRatesToday API: (1) Register for a free API key at allratestoday.com/register. (2) Call GET /api/v1/rates?source=NGN&target=CAD with your Bearer token. (3) Rates update every 60 seconds from Reuters/Refinitiv. (4) Install our official SDK for JavaScript (npm), Python (PyPI), or PHP (Packagist) for even faster integration.
What is the mid-market rate for NGN/CAD?
The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices in global currency markets. The current mid-market rate is 1 NGN = 0.0010 CAD. This is the "real" exchange rate without any bank markup. AllRatesToday provides this rate via a free API, sourced from Reuters (Refinitiv) and interbank feeds.
What is the CBN rate for NGN/CAD?
The CBN (Central Bank of Nigeria) rate is the official exchange rate set by Nigeria's central bank. This rate is used for official government transactions and some regulated business dealings. However, the parallel market rate, which reflects actual supply and demand, is often significantly different and is the rate most Nigerians encounter in daily currency exchanges.
Why is there a difference between CBN and parallel market rates?
The gap between CBN and parallel market rates exists due to foreign currency supply restrictions, high demand for foreign exchange, and limited access to official channels. The parallel market (sometimes called "black market") operates based on actual market forces, while the CBN rate is controlled by the central bank.
Which rate does the AllRatesToday API use for NGN?
The AllRatesToday API returns mid-market rates sourced from Reuters (Refinitiv) and interbank market feeds. For NGN, this reflects the interbank market rate. The exact rate updates every 60 seconds. Use our API to get the current rate programmatically for your application.