100 CFA Franc BCEAO to Nigerian Naira | Bank

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.

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.