๐ West African CFA Franc to Naira today
Live black market and CBN rates ยท Updated 3 May 2026
๐ฑ Currency Converter
Why Nigerians need West African CFA Franc
The CFA Franc is used in Benin, Togo, Cรดte d'Ivoire, Senegal, and 4 other UEMOA countries. Cross-border trade โ especially the massive informal trade between Nigeria and Benin Republic (Seme border) โ drives daily CFA demand. Cotonou is essentially Lagos's overflow market.
Common West African CFA Franc amounts to Naira
Quick reference for typical amounts
๐ก Tips for getting the best rate
- โข Compare 3โ4 BDCs in Wuse Zone 4, Broad Street, or Allen Avenue before settling โ rates can vary by โฆ5โโฆ15 per unit.
- โข Larger amounts ($5,000+) usually get better rates. Some BDCs reserve their best rates for repeat customers.
- โข Avoid airport BDCs โ they post rates 1โ3% worse than city dealers.
- โข Check rates twice on the same day โ the parallel market moves hourly based on dollar supply.
- โข Always count notes carefully and verify serial numbers. Counterfeit dollars are common in informal markets.
Frequently Asked Questions
Important Disclaimer
The parallel market ("black market") exchange rates displayed on this page are collected from Bureau de Change (BDC) operators in Lagos and are provided for informational purposes only. These rates are indicative averages and may differ from the rate you receive in an actual transaction depending on your location, transaction volume, time of day, and the specific dealer.
Lagos.cool does NOT trade, buy, sell, or exchange any currency. We are an information platform only. We do not endorse, recommend, or facilitate any foreign exchange transactions. For currency exchange, please use licensed Bureau de Change operators, your commercial bank, or other authorized financial institutions.
The Central Bank of Nigeria (CBN) does not recognize the parallel market. The official CBN exchange rate, where shown, is the rate available through authorized financial institutions. Exchanging currency outside official channels carries risks including fraud, counterfeit currency, and legal liability. Always exercise caution and verify rates before transacting.
Rates are updated daily but may change multiple times within a single day. Lagos.cool makes no guarantee of accuracy, completeness, or timeliness. Exchange rates are not financial advice. Consult a licensed financial advisor for investment decisions.