Canadian Dollar To Naira Exchange Rate Today Official And Black Market (1 CAD to NGN) - January 2017 - KikioTolu Canadian Dollar To Naira Exchange Rate Today Official And Black Market (1 CAD to NGN) - January 2017

Wednesday, 11 January 2017

Canadian Dollar To Naira Exchange Rate Today Official And Black Market (1 CAD to NGN) - January 2017

Here is the page to get the Canadian dollar to Naira exchange rate today January 2017. On this page we would be giving you the up to date information on both the official and black market rate of the Canadian dollar CAD to Naira NGN, we would also be giving you the bank rates of the Canadian dollar to naira. Canadian Dollar To Naira Exchange Rate Today Official And Black Market 1 CAD to NGN
1 Cad To Ngn : Canadian Dollar To Naira Exchange Rate Today
 
• Official CBN Rate Of The Canadian Dollar To Naira
 ---1.00 CAD = 239.23 NGN

• Black Market Rate Of The Canadian Dollar To Naira Today
 --- 1.00 CAD = 330 NGN

• GTBank Rate Of The Canadian Dollar To Naira Today
 ---1.00 CAD = 245 NGN

• Standard Chartered Bank Rate Of The Canadian Dollar To Naira Today
---1.00 CAD = 250 NGN

• Skye Bank Rate Of The Canadian Dollar To Naira Today
---1.00 CAD = 260 NGN

• FirstBank Rate Of The Canadian Dollar To Naira Today
 ---1.00 CAD = 247 NGN

• EcoBank Rate Of The Canadian Dollar To Naira Today
---1.00 CAD = 245 NGN

As we can see from the above exchange rates of the Naira to Canadian Dollar we can see that the Naira is not strong when exchanged with this currency. We can also discover that the Bank rates are slightly different from the set rates by the Central Bank of Nigeria. This is because the CBN floated the Naira and so the bank are free to set rates at will. The black market rate is also the highest which is something of concern for stakeholders.

Solutions To Save The Naira In The Foreign Exchange Market

The naira is really doing poorly of recent in the foreign exchange market which keeps people wondering what really went wrong. There are so many factors, corruption, mismanagement of funds, export problem and bad government policies are all the basic causes of the value of the naira. If a of this problems are not attended to then we shouldn't expect the naira to become strong soon.

All You Need To Know About The Canadian Dollar
 
The Canadian Dollar is the official currency of Canada who are direct neighbours to the United States of America. The Canadian dollar has the currency code of CAD and symbol C$. This dollar has been in circulation in the country since 1858 and is locally known as buck.

All You Need To Know About The Naira
 
The naira is the official currency of Nigeria, and one naira can be subdivided into 100 kobo. The naira had a currency code of NGN and currency symbol of ₦. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation.


That is all for now on Canadian Dollar To Naira Exchange Rate Today Official And Black Market (1 CAD to NGN). Kindly check back for updates in this rate, which are sure to occur as the Foreign exchange market is not static.



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