🇳🇬 NGN to 🇸🇳 XOF — Nigerian Naira to Franc CFA (FCFA) Rate Today
Indicative interbank rate. Interbank rate updated 2 Aug 09:00 UTC (less than 1h ago) · ExchangeRate-API (interbank)
Convert Nigerian Naira to Franc CFA using the live indicative interbank rate and the converter below. Covers the cost of sending to WAEMU zone via the major mobile money apps.
NGN to XOF rate change
Rate tracking started 5 June 2026. Longer windows fill in as history grows.
Change in the NGN→XOF rate. + means the Franc CFA weakened against the Nigerian Naira; − means it strengthened.
Why the NGN–XOF route matters
Nigeria trades heavily with its Francophone neighbours along the Lagos–Cotonou border corridor — fuel, used vehicles and re-exported goods cross daily, priced informally in both naira and CFA franc.
Currency converter
NGN → XOF conversion table
| NGN | XOF |
|---|---|
| 500 | 210 |
| 1,000 | 420 |
| 2,000 | 840 |
| 5,000 | 2,100 |
| 10,000 | 4,200 |
| 25,000 | 10,500 |
| 50,000 | 21,000 |
| 100,000 | 42,000 |
| 250,000 | 105,000 |
| 500,000 | 210,000 |
| 1,000,000 | 420,000 |
Table computed at the indicative rate of 1 NGN = 0.42 XOF. Real operator-side values include a 1%-4% spread.
Nigerian Naira to Franc CFA exchange rate history
Official vs Parallel Market Rate
Tracks live P2P (via Bybit)The official and parallel rates have nearly converged — the gap is small, so licensed bank and app channels are both safe and competitive.
Parallel signal: Binance P2P USDT median, updated 2 Aug 2026, 09:00 (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.
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 Franc CFA
The West African CFA Franc (XOF, FCFA) is the official currency of the eight UEMOA member states — Senegal, Côte d'Ivoire, Mali, Burkina Faso, Benin, Togo, Niger and Guinea-Bissau. It is issued by the Central Bank of West African States (BCEAO) and pegged to the Euro at the fixed rate of 655.957 XOF per 1 EUR — the same parity as the Central African XAF, though the two are not interchangeable. The fixed peg has held continuously since the Euro's launch in 1999. Since 30 September 2025, BCEAO's PI-SPI regional instant-payment system has made individual transfers free and instant across all 8 UEMOA wallets, dramatically reducing the cost of remitting XOF within the union for ordinary users. EUR-XOF flows from the French, Belgian and Italian diaspora are by far the largest UEMOA inbound route.
How to send Nigerian Naira to WAEMU zone
For transfers from Nigeria to WAEMU zone, the competitive options in 2026 are mobile-first remitters (Sendwave, LemFi, TapTap Send, Lemonade Finance), aggregators (Wise, WorldRemit, Remitly) and direct operator rails (MTN MoMo, Orange Money, M-Pesa Global). All-in cost depends on amount, receiving wallet and day. Compare options side by side on our WAEMU zone inbound transfer page.
Related pairs
FAQ
What is the NGN/XOF exchange rate today?
How much is 100 NGN in XOF?
What's the best way to send Nigerian Naira to WAEMU zone?
Is the Franc CFA 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 WAEMU zone, see the inbound transfer comparison.