Current exchange rate of CAD to Nigerian Naira on March 27, 2026

The naira maintained a relatively stable trajectory against the Canadian dollar on Friday, March 27, 2026, with minimal fluctuations observed across both official and parallel market segments in Nigeria.

At the Nigerian Foreign Exchange Market, the Canadian dollar was valued at approximately ₦1,000 to ₦1,030, based on recent trading trends and prevailing mid-market data.

The average exchange rate currently stands at around ₦1,020 per CAD, indicating modest day-to-day fluctuations in the currency's value.

Recent data reveals that the Canadian dollar has largely remained within the ₦1,000–₦1,030 range in recent weeks, suggesting a degree of short-term stability in the official market window.

In contrast, the naira traded at a weaker level in the parallel market, driven by increased demand for foreign currencies outside official channels.

Street traders and bureau de change operators quoted the Canadian dollar at roughly ₦1,000 to ₦1,100, with rates varying according to location and transaction size.

Earlier in the week, some market snapshots showed lower quotes ranging from ₦900 to ₦1,030, highlighting the characteristic volatility and inconsistencies of the black market segment.

The disparity between NFEM and parallel market rates persists, reflecting ongoing supply constraints and sustained demand for foreign exchange in Nigeria's economy.

Analysts observe that while the naira has experienced improved stability at the official window, supported by policy measures and better liquidity conditions, pressures persist in the informal market where access to foreign currency is limited.

Overall, the Canadian dollar remains relatively stable against the naira in the official market, yet disparities with the parallel market underscore the ongoing structural challenges in Nigeria's foreign exchange system.