• Privacy Policy/DMCA
  • Disclaimer
  • Contact US
  • About US
  • Sitemap
Friday, September 22, 2023
  • Login
  • Register
NAIJAONLINE
  • Home
  • News
    back to school

    TECNO’S BACK TO SCHOOL PROMO IS BACK WITH BIGGER REWARDS

    TECNO’s Glamorous Photo Booth Adds Magic to BBNaija House’s Wild Night

    TECNO CAMON 20 DOODLE ELEVATES ALL-STAR HOUSEMATES’ SATURDAY NIGHT PARTY

    TECNO PRESENTS A MASTERPIECE OF ART IN THE CAMON 20 DOODLE EDITION WITH ANDROID 13

    • Entertainment
  • Tech Guide
    • Price Guide
  • Biography and Net Worth

    How to Apply for Admission Abroad in Finland, Ireland and Slovenia Universities

    Major General Lagbaja Biography

    Major General Lagbaja Biography: Earl Life, Achievements, and Family

    Subomi Balogun Networth, Early Life, and Complete Biography

    Subomi Balogun Networth, Early Life, and Complete Biography

    Naijaonlineguide

    Hilda Baci Biography: Early Life, Parents, Net Worth, Boyfriend and More

  • Lifestyle
    • Happy Messages
    • Business
    • Travel Guide
    • Sport Guide
    • Education
No Result
View All Result
  • Home
  • News
    back to school

    TECNO’S BACK TO SCHOOL PROMO IS BACK WITH BIGGER REWARDS

    TECNO’s Glamorous Photo Booth Adds Magic to BBNaija House’s Wild Night

    TECNO CAMON 20 DOODLE ELEVATES ALL-STAR HOUSEMATES’ SATURDAY NIGHT PARTY

    TECNO PRESENTS A MASTERPIECE OF ART IN THE CAMON 20 DOODLE EDITION WITH ANDROID 13

    • Entertainment
  • Tech Guide
    • Price Guide
  • Biography and Net Worth

    How to Apply for Admission Abroad in Finland, Ireland and Slovenia Universities

    Major General Lagbaja Biography

    Major General Lagbaja Biography: Earl Life, Achievements, and Family

    Subomi Balogun Networth, Early Life, and Complete Biography

    Subomi Balogun Networth, Early Life, and Complete Biography

    Naijaonlineguide

    Hilda Baci Biography: Early Life, Parents, Net Worth, Boyfriend and More

  • Lifestyle
    • Happy Messages
    • Business
    • Travel Guide
    • Sport Guide
    • Education
No Result
View All Result
NAIJAONLINE
No Result
View All Result

> Home Cefa to Naira exchange and everything you need to know

Cefa to Naira exchange and everything you need to know

Marvell23 by Marvell23
April 8, 2021
in Tech Guide
0
Cefa to Naira exchange
Advertisements

You might also like

iPhone 15 Specs & Price in Nigeria

TECNO LIGHTS UP BIGGIE’S HOUSE WITH THE PHANTOM X2 PRO 5G STUNNING CAMERA

How to Vote In The Headies 2023 Awards

There are two CFA Franc currency or Cefa as you may know it. Both of these currencies are guaranteed by the French Treasury. We have the West African CFA franc (XOF) and the Central African CFA franc (XAF).

The West African CFA franc currency is used by Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. While the Central African CFA franc is used by Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. For the purpose of this article, we will be looking at that of the West African. Since Nigeria is a West African country, there is a big demand in the Forex market for Cefa to naira exchange. Togo being our neighbouring country is one of Nigeria trade partners for commodities.

Cefa to Naira exchange

CeFA Franc to Nigerian Naira

  • 1 XOF – NGN 0.618396
  • 5 XOF – NGN 3.09198
  • 10 XOF – NGN 6.18396
  • 25 XOF – NGN 15.4599
  • 50 XOF – NGN 30.9198
  • 100 XOF – NGN 61.8396
  • 500 XOF – NGN 309.198
  • 1000 XOF – NGN 618.396
  • 5000 XOF – NGN 3,091.98
  • 10000 XOF – NGN 6,183.96
  • 50000 XOF – NGN 30,919.79

Convert Nigerian Naira to CFA Franc

  • 1 NGN – 1.61709 XOF
  • 5 NGN – 8.08544 XOF
  • 10 NGN – 16.1709 XOF
  • 25 NGN – 40.4272 XOF
  • 50 NGN – 80.8544 XOF
  • 100 NGN – 161.709 XOF
  • 500 NGN – 808.544 XOF
  • 1000 NGN – 1,617.09 XOF
  • 5000 NGN – 8,085.44 XOF
  • 10000 NGN – 16,170.87 XOF
  • 50000 NGN – 80,854.37 XOF

Cefa to Naira exchange – Black Market

In the Parallel or Black Market, you can buy 1 Cefa with NGN 620 and sell 1 Cefa for NGN 590. One naira in today’s market equals to 1.6129 Cefa. There used to be a time when the Naira currency was strong against Cefa in the Forex market, but that seems to be history now. The Nigerian naira is one of the worst-performing currencies in African Forex market. Despite all efforts by the Central Bank of Nigeria, to make the currency stable and relevant again in the Forex market. One of the main for the Naira being such a weak currency is due to the fact that the country now relies heavily on importation. Virtually everything the country needs is imported from foreign countries. Nigeria is doing more importation than exportation.

Everything you need to know about Cefa

  1. The Cefa is available in 1, 5, 10, 25, 50, 100, 200, 250 and 500 coins. While in banknotes, they have 500, 1,000, 2,000, 5,000 and 10,000 francs.
  2. The currency is been given out by the Central Bank of West African States.
  3. The Cefa currency is pegged with €uro at 1 euro = CFA 655.957.
  4. The currency is used by eight independent countries in West African; Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.
  5. It is of equal value with the Central African CFA franc.
  6. The currency was introduced to West Africa by the French colonist in 1945.

The currency is being criticized for making the development of these West African countries difficult with the currency pegged with €uro. The monetary value of the €uro currency is set by the European Central Bank and at such these West African countries have no control of it.

Click next to continue reading or share

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on Reddit (Opens in new window)
Tags: Cefa to Naira exchangeNaira
Marvell23

Marvell23

Related Posts

Tech Guide

iPhone 15 Specs & Price in Nigeria

by Sandy
September 13, 2023
Entertainment

TECNO LIGHTS UP BIGGIE’S HOUSE WITH THE PHANTOM X2 PRO 5G STUNNING CAMERA

by Sandy
September 11, 2023
Headies Award
Tech Guide

How to Vote In The Headies 2023 Awards

by Marvell23
September 2, 2023
Tech Guide

How to Upgrade Your STS Meter Before the TID Rollover

by Sandy
August 25, 2023
News

TECNO PRESENTS A MASTERPIECE OF ART IN THE CAMON 20 DOODLE EDITION WITH ANDROID 13

by Sandy
August 16, 2023

Recommended

TVShows4Mobile free series and action movies download

TVShows4Mobile Free Series and Action Movies Download

February 23, 2021
Tecno lens

TECNO Announces the World’s First Telescopic Macro Lens for Smartphones

April 16, 2023

Categories

  • Biography and Net Worth
  • Business
  • category
  • Education
  • Entertainment
  • Fashion Guide
  • Food
  • Food Guide
  • Happy Messages
  • Job Guide
  • Lifestyle
  • News
  • Price Guide
  • Sport Guide
  • Tech Guide
  • Travel Guide

Don't miss it

Education

Fully Funded Opportunity in Canada for Young Professionals – All Details Here

September 21, 2023
Job Guide

Australian Government Recruitment for Construction Workers (Free Visa + $10K)

September 21, 2023
back to school
News

TECNO’S BACK TO SCHOOL PROMO IS BACK WITH BIGGER REWARDS

September 19, 2023
Travel Guide

Top 5 Countries to Obtain a Multiple-Entry Schengen Visa

September 15, 2023
Tech Guide

iPhone 15 Specs & Price in Nigeria

September 13, 2023
Education

Study In Holland: Tuition Fees, Cost Of Living and Admission Requirements

September 13, 2023
Facebook Twitter Youtube

About Us

Naijaonlineguide.com focuses on delivering up to date information, guide and facts about Nigeria. Our aim is to become Naija's best information portal for clear-cut guide and Information

Feel free to contact us via email on naijaonlineguide@gmail.com

Categories

  • Biography and Net Worth
  • Business
  • category
  • Education
  • Entertainment
  • Fashion Guide
  • Food
  • Food Guide
  • Happy Messages
  • Job Guide
  • Lifestyle
  • News
  • Price Guide
  • Sport Guide
  • Tech Guide
  • Travel Guide

Popular Post

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

© 2023 Naijaonline By Marvnic Media

No Result
View All Result
  • News
  • Tech Guide
  • Entertainment
  • Education
  • Biography and Net Worth
  • Travel Guide
  • Business
  • Happy Messages
  • Sport Guide
  • Price Guide

© 2023 Naijaonline By Marvnic Media

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.