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How Much Is Cefa To Naira Exchange Rate Today Black Market

The exchange rate of CFA franc. to Naira is N1 equals 1.96 CFA. This is a bad rate expecially to Nigerians living very close to the border between Nigeria and Benin Republic and Nigerian traders who trade with countries using CFA. As one of the persons would say, ‘we now use the money to buy two cars as one.’ this in itself had draft reduced trade between the two countries as most people only buy their because of the cheaper rate they get goods due to the exchange rate then. The only set of people it favours are people exporting products to Benin Republic but important… { 1 Cefa to naira or 1 cfa to Naira }Huh..

Cefa to naira exchange rate black market today

Cefa to naira exchange rate black market today

Cefa to Naira exchange rate black market today stands at – N1 to CFA 1.96

Below are some of the reasons for the falling price of Naira against the CFA.


This is in fact the biggest reason why the CFA is gaining strength against the Naira. In the world market, the CFA seems stable compared to the Naira that had been in a dramatic fall in the past one year. This situation had increase the value of CFA franc at the expense of our own Naira. Unless if the Naira becomes stable or it value rises against the dollar, this would be one of the problem Naira would face against the CFA except if it sees it own share of devaluation too.


Yeah… I would be flogging a dead horse talking about this but I have to. Benin Republic is a dumping ground for used products like cars, clothes, shoes etc from the developed world. We Nigerians now chose to patronise these used products and in a bid to do so we exchange our Naira with their CFA giving it more value at the expense of ours. {  cefa to naira exchange rate }

If only our importers who import from Benin Republic would always take some goods with them with the value of the money they wish to spend there as export and sell it there before importing, this would at least balance the import and export as opposed to now when the relationship is skewed to the favour of Benin Republic.

Nigeria as the giant we claimed to be should be the pacesetter and game changer, dictating to other countries in the region how their currency is valued but that can only be done if we have control over our own currency. For now, we don’t and we are even helpless at our glaring situation but I know, with the tight mindset, we would get their.

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  1. Where can I buy CFA? Pls contact me on 08069068408

  2. I wanna buy as well…. if I get a contact number I can call here, I’d appreciate

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