🇳🇬 NGN to 🇨🇻 CVE — Nigerian Naira to Cape Verdean Escudo (Esc) Rate Today
Live indicative interbank rate. Last refreshed 25 Jun 2026 01:20:39 UTC.
Convert Nigerian Naira to Cape Verdean Escudo using the live indicative interbank rate and the converter below. Covers the cost of sending to Cape Verde via the major mobile money apps.
Currency converter
NGN → CVE conversion table
| NGN | CVE |
|---|---|
| 500 | 35.34 |
| 1,000 | 70.67 |
| 2,000 | 141.34 |
| 5,000 | 353.36 |
| 10,000 | 706.71 |
| 25,000 | 1,766.78 |
| 50,000 | 3,533.56 |
| 100,000 | 7,067.13 |
| 250,000 | 17,667.82 |
| 500,000 | 35,335.65 |
| 1,000,000 | 70,671.30 |
Table computed at the indicative rate of 1 NGN = 0.07067 CVE. Real operator-side values include a 1%-4% spread.
Nigerian Naira to Cape Verdean Escudo exchange rate history
Official vs Parallel Market Rate
Tracks live P2P (via Bybit)Parallel signal: Binance P2P USDT median, updated 25 Jun 2026, 01:00 (less than 1h ago). The quote tracks the live official rate between refreshes.
The parallel rate shown is an indicative, community-aggregated figure sourced from MomoCalc parallel-rate tracker. MomoCalc does not buy, sell, or set currency rates. Parallel rates vary by location, dealer, and time of day, and trading outside licensed channels may carry legal and security risks. Always confirm current rates with a licensed dealer before transacting. Educational only — not financial advice.
What moves the Nigerian Naira rate
The naira has been on a managed float since the 2023 NAFEM unification, which erased most of the old official-vs-parallel gap (30%-60% pre-2023, now 1%-3%). Watch CBN interventions, oil receipts and the parallel-market premium — that is what moves the rate day to day.
Converting and sending the Cape Verdean Escudo: what to know
The escudo is pegged to the euro under a Portugal-backed arrangement, which makes it stable and predictable against the euro with very little euro/escudo exchange-rate risk. For senders and receivers working from euros, that translates into clean, dependable conversion at a value closely tied to the eurozone. Because the link is to the euro rather than the dollar, a dollar-based transfer carries whatever movement EUR/USD brings, so converting via euros is the most transparent route. Overall, this is a steady, well-anchored currency that behaves predictably for ordinary cross-border use tied to Europe.
About the Nigerian Naira
The Nigerian Naira (NGN, ₦) is the official currency of Nigeria, issued by the Central Bank of Nigeria (CBN) since 1973 when it replaced the Nigerian pound. Subdivided into 100 kobo, the Naira is one of Africa's most-traded currencies and the principal medium of exchange for the continent's largest economy. Since the CBN's 2023 unification of the parallel and official exchange rate windows through what it calls the NAFEM mechanism, the Naira has traded under market-driven pricing rather than the previous administered peg. Nigeria receives an estimated 20 billion USD a year in formal remittances, and for inbound flows to MTN MoMo PSB, OPay, PalmPay and Moniepoint the published Naira rate is now typically within 1%-3% of the parallel market — a sharp narrowing compared to the 30%-60% gaps that prevailed before unification.
About the Cape Verdean Escudo
Cape Verde's escudo, issued by the Banco de Cabo Verde, has been pegged to the euro at roughly 110.265 escudos per euro since 1998 under an arrangement backed by Portugal, the islands' former colonial power. It subdivides into 100 centavos and benefits from the credibility that the euro link and Portuguese support provide. The archipelago, lying off West Africa, runs largely on tourism and on remittances sent home by a Cape Verdean diaspora spread across Europe and the Americas. The euro peg shelters the escudo from sharp swings and reinforces the country's close financial ties to the eurozone.
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FAQ
What is the NGN/CVE exchange rate today?
How much is 100 NGN in CVE?
What's the best way to send Nigerian Naira to Cape Verde?
Is the Cape Verdean Escudo a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Cape Verde, see the inbound transfer comparison.