Nigerian Naira

Nigerian Naira

The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

277 Nigerian Naira to Canadian Dollar exchange rates chart

277 NGN to CAD exchange rates graph
277 NGN to CAD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

277 NGN to CAD exchange rates table

Exchange NGN to CAD
277 Nigerian Naira = 1.014 Canadian Dollar
554 Nigerian Naira = 2.028 Canadian Dollar
1385 Nigerian Naira = 5.070 Canadian Dollar
2770 Nigerian Naira = 10.140 Canadian Dollar
Exchange Nigerian Naira to Canadian Dollar
277 Nigerian Naira to Canadian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

277 NGN to CAD exchange rates news

Ghana unveils plans to increase its cocoa processing capacity

Ghana produced 880,000 tonnes of Cocoa in 2018 but currently has the capacity to process about only 300, 000 tonnes. It has plans to increase that number.

14 days indicative neutral
2019 Elections: Tinubu urges Nigerians to re-elect President Buhari

Asiwaju Bola Tinubu, National Leader, All Progressives Congress (APC), has urged Nigerians to re-elect President Muhammadu Buhari for a second term in 2019 to foster continuity, hope and development.

24 days conditional positive
The Implications Of The Acceptance Of The Naira As A Trade Currency By The United Kingdom - International Law - Nigeria

Recently, UK Export Finance; the United Kingdom's export credit agency, added the Naira to its list of pre-approved currencies. Nigeria International Law Perchstone & Graeys 15 Feb 2018

29 days conditional positive
Naira sells at N358.5 to dollar at parallel market
Naira sells at N358.5 to dollar at parallel market

The Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar.

about 2 months conditional negative
Police in Edo arrest eight suspects over alleged illicit sale of Naira
Police in Edo arrest eight suspects over alleged illicit sale of Naira

The Police Command in Edo has arrested seven suspects in connection with illicit sale of Nigerian currency.

2 months indicative neutral
Transferring money to Philippines from Canada | Philippine Canadian Inquirer
Transferring money to Philippines from Canada | Philippine Canadian Inquirer

Transfer of funds between countries. A struggle we all know all too well, but seems like wherever we turn our head, there are more fees lurking in the...

10 days indicative neutral
Jamaican dollar dips more than $1 against US in a day

The Jamaican dollar depreciated by $1.08 against the US dollar on Thursday, according to the trading summary from the Bank of Jamaica (BOJ). It closed at $130.65 again

10 days indicative negative

277 NGN to CAD currency converter