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Nigerian Naira Nigerian Naira to CFA Franc BCEAO | Bank

Live exchange rate for Nigerian Naira to CFA Franc BCEAO at Bank, Friday, 25.04.2025 04:13

Buy 0.3589

Sell 0.3631

Change 0.001

Last price yesterday 0.358

The Nigerian Naira (NGN) is the official currency of Nigeria. It was introduced in 1973 to replace the Nigerian pound. The currency is regulated by the Central Bank of Nigeria. The term "Naira" is derived from the word "Nigeria", while "kobo", its subunit, means "penny" in Hausa language.

The CFA Franc BCEAO (XOF) is the official currency of eight West African countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro at a fixed rate.