BLU Al* to NGN Converter and calculator


Conversion rates
Convert BLU Al* to NGN
Convert NGN to BLU Al*
BLU Al* to NGN chart
BLU Al* to NGN conversion data: Volatility and price changes of Bluwhale_ Al in NGN
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0 NGN | -- NGN | -- NGN | -- NGN |
Low | 0 NGN | -- NGN | -- NGN | -- NGN |
Average | 0 NGN | 0 NGN | 0 NGN | 0 NGN |
Volatility | % | % | % | % |
Change | -- | -- | -- | -- |
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| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Bluwhale_ Al information
BLU Al* to NGN market statistics
Current BLU Al* to NGN exchange rate
Bluwhale_ Al to Nigerian Naira is falling this week.More info about Bluwhale_ Al on Bitget
Nigerian Naira information
About the Nigerian Naira (NGN)
What Is the Nigerian Naira (NGN)?
The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.
The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.
What Is the History of NGN?
The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.
Notes and Coins of NGN
The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.
What Is eNaira?
The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.
Is NGN Pegged to GBP?
No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.
Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.
Is NGN a Stable Currency?
The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.
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BLU Al* to NGN Conversion tables
| Amount | 21:18 today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 BLU Al* | ₦2.4 | ₦-- | 0.00% |
1 BLU Al* | ₦4.79 | ₦-- | 0.00% |
5 BLU Al* | ₦23.97 | ₦-- | 0.00% |
10 BLU Al* | ₦47.94 | ₦-- | 0.00% |
50 BLU Al* | ₦239.68 | ₦-- | 0.00% |
100 BLU Al* | ₦479.36 | ₦-- | 0.00% |
500 BLU Al* | ₦2,396.82 | ₦-- | 0.00% |
1000 BLU Al* | ₦4,793.64 | ₦-- | 0.00% |
BLU Al* to NGN FAQ
What factors influence the conversion rate of BLU Al* to NGN?
Popular exchange rates — Crypto-to-Fiat converter
The price of Bluwhale_ Al in the US is $0.003300 USD. Additionally, Bluwhale_ Al’s price is €0.002848 EUR in the eurozone, £0.002506 GBP in the UK, C$0.004603 CAD in Canada, ₹0.2919 INR in India, ₨0.9272 PKR in Pakistan, R$0.01771 BRL in Brazil, and more.
The most popular Bluwhale_ Al currency pair is the BLU Al* to Nigerian Naira(NGN). The price of 1 Bluwhale_ Al (BLU Al*) in Nigerian Naira (NGN) is ₦4.79.
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