Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

GMON to NGN Converter and calculator

GMON/NGN: 1 GMON = 58.51 NGN. The price of converting 1 Magma (GMON) to Nigerian Naira (NGN) is 58.51 NGN today.
GMON
GMON
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter provides GMON to NGN real-time exchange rates, making it easy to convert Magma (GMON) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 GMON is currently valued at 58.51 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 GMON is currently valued at 58.51 NGN, which means buying 5 GMON would cost 292.53 NGN. Similarly, ₦1 NGN can be converted to 0.01709 GMON, and ₦50 NGN can be converted to 0.08546 GMON, excluding any platform or gas fees.

Convert GMON to NGN

Convert NGN to GMON

Magma
Nigerian Naira
1 GMON
58.51  NGN
Exchange 1 GMON for 58.51 NGN
2 GMON
117.01  NGN
Exchange 2 GMON for 117.01 NGN
5 GMON
292.53  NGN
Exchange 5 GMON for 292.53 NGN
10 GMON
585.06  NGN
Exchange 10 GMON for 585.06 NGN
20 GMON
1,170.12  NGN
Exchange 20 GMON for 1,170.12 NGN
50 GMON
2,925.3  NGN
Exchange 50 GMON for 2,925.3 NGN
100 GMON
5,850.6  NGN
Exchange 100 GMON for 5,850.6 NGN
200 GMON
11,701.19  NGN
Exchange 200 GMON for 11,701.19 NGN
500 GMON
29,252.98  NGN
Exchange 500 GMON for 29,252.98 NGN
1000 GMON
58,505.95  NGN
Exchange 1000 GMON for 58,505.95 NGN
5000 GMON
292,529.77  NGN
Exchange 5000 GMON for 292,529.77 NGN
10000 GMON
585,059.55  NGN
Exchange 10000 GMON for 585,059.55 NGN
In the table above, you'll find a comprehensive GMON to NGN converter that shows the value of Magma in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 GMON to NGN, all the way up to 10000 GMON, providing a clear view of their respective values.
Nigerian Naira
Magma
1 NGN
0.01709 GMON
Exchange 1 NGN for 0.01709 GMON
10 NGN
0.1709 GMON
Exchange 10 NGN for 0.1709 GMON
50 NGN
0.8546 GMON
Exchange 50 NGN for 0.8546 GMON
100 NGN
1.71 GMON
Exchange 100 NGN for 1.71 GMON
200 NGN
3.42 GMON
Exchange 200 NGN for 3.42 GMON
500 NGN
8.55 GMON
Exchange 500 NGN for 8.55 GMON
1000 NGN
17.09 GMON
Exchange 1000 NGN for 17.09 GMON
2000 NGN
34.18 GMON
Exchange 2000 NGN for 34.18 GMON
5000 NGN
85.46 GMON
Exchange 5000 NGN for 85.46 GMON
10000 NGN
170.92 GMON
Exchange 10000 NGN for 170.92 GMON
50000 NGN
854.61 GMON
Exchange 50000 NGN for 854.61 GMON
100000 NGN
1,709.23 GMON
Exchange 100000 NGN for 1,709.23 GMON
In the table above, you'll find a comprehensive NGN to GMON converter that shows the value of Nigerian Naira in Magma across commonly used conversion amounts. The list covers conversions from 1 NGN to GMON, all the way up to 100000 NGN, providing a clear view of their respective values.

GMON to NGN chart

GMON/NGN: 1 GMON = 58.51 NGN; 2025/11/27 22:41:07
In the past 1D, Magma has changed -9.26% to NGN. Based on the trend and price charts, Magma(GMON) has changed -9.26% to NGN while Nigerian Naira(NGN) has changed % to GMON in the last 24 hours.
1D7D1M3M1YAll

GMON to NGN conversion data: Volatility and price changes of Magma in NGN

The highest Magma price in NGN over the past 7 days was 68.82 NGN while the lowest Magma price in NGN over the past 7 days was 55.76 NGN. The relative change between the highs and lows in Magma price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and GMON to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
68.82 NGN
68.82 NGN
68.82 NGN
68.82 NGN
Low
55.76 NGN
55.76 NGN
55.76 NGN
55.76 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-9.26%
-8.55%
-8.52%
-13.37%

Buy

Sell

Buy GMON (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of GMON with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy GMON with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Magma information

GMON to NGN market statistics

GMON/NGN:
₦58.51
GMON 24h volume:
₦139,712,839.85
GMON market cap:
₦494,148,678.89
GMON circulating supply:
8.45M GMON

Current GMON to NGN exchange rate

Magma to Nigerian Naira is rising this week.
Magma's current market price is ₦58.51 per GMON, with a total market cap of ₦494,148,678.89 NGN based on a circulating supply of 8,446,126 GMON. The trading volume of Magma has changed by +22.36% (₦25,535,527.54 NGN) in the last 24 hours. Last trading day, GMON's trading volume was ₦114,177,312.31.

More info about Magma 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.

Bitget crypto-to-fiat exchange data shows that the most popular Magma currency pair is the GMON to NGN, with for Magma's currency code being GMON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

Popular conversions

popular info bitcoin
BTC to USD
1 BTC to 91204.95 USD
popular info ethereum
ETH to USD
1 ETH to 3022.37 USD
popular info ripple
XRP to USD
1 XRP to 2.21 USD
popular info solana
SOL to USD
1 SOL to 141.91 USD
popular info bitcoin
BTC to EUR
1 BTC to 78655.14 EUR
popular info bitcoin
BTC to GBP
1 BTC to 68896.22 GBP
popular info bitcoin
BTC to CAD
1 BTC to 127951.42 CAD
popular info bitcoin
BTC to BRL
1 BTC to 488429.84 BRL
popular info bitcoin
BTC to INR
1 BTC to 8150420.46 INR
popular info pi-network
PI to INR
1 PI to 22.89 INR

Hot promotions

How to convert GMON to NGN

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Convert GMON to NGN
Choose from cryptocurrencies to trade on Bitget.

Popular Magma Converter

popular info New Taiwan dollar
GMON to TWD
1 GMON to NT$1.27 TWD
popular info Chinese Yuan
GMON to CNY
1 GMON to ¥0.2867 CNY
popular info United States Dollar
GMON to USD
1 GMON to $0.04050 USD
popular info Australian Dollar
GMON to AUD
1 GMON to AU$0.06202 AUD
popular info Euro
GMON to EUR
1 GMON to €0.03493 EUR
popular info Canadian Dollar
GMON to CAD
1 GMON to C$0.05682 CAD
popular info Nigerian Naira
GMON to NGN
1 GMON to ₦58.51 NGN
popular info South Korean Won
GMON to KRW
1 GMON to ₩59.23 KRW
popular info Japanese Yen
GMON to JPY
1 GMON to ¥6.33 JPY
popular info Pound Sterling
GMON to GBP
1 GMON to £0.03060 GBP
popular info Brazilian Real
GMON to BRL
1 GMON to R$0.2169 BRL

Popular cryptocurrencies to NGN

other assets Artyfact
ARTY to NGN
1 ARTY to ₦240.23 NGN
other assets Orca
ORCA to NGN
1 ORCA to ₦2,040.89 NGN
other assets Planck
PLANCK to NGN
1 PLANCK to ₦67.33 NGN
other assets Turbo
TURBO to NGN
1 TURBO to ₦3.2 NGN
other assets MemeCore
M to NGN
1 M to ₦1,871.43 NGN
other assets Bitcoin
BTC to NGN
1 BTC to ₦132,253,057.49 NGN
other assets Marina Protocol
BAY to NGN
1 BAY to ₦169.54 NGN
other assets Subsquid
SQD to NGN
1 SQD to ₦107.1 NGN
other assets Yooldo
ESPORTS to NGN
1 ESPORTS to ₦691.83 NGN
other assets Tether Gold
XAUt to NGN
1 XAUt to ₦5,985,331.93 NGN

GMON to NGN Conversion tables

The exchange rate of Magma is increasing.
The exchange rate of 1 GMON to Nigerian Naira has changed by -8.55% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.26%, reaching a high of 68.82 NGN and a low of 55.76 NGN . One month ago, the value of 1 GMON was ₦-1.98 NGN , which represents a -8.52% change from its current value. Over the last year, Magma has changed by
+
60.48NGN
, resulting in a change of 0.00% in its value.
24 hours ago1 month ago1 year ago
Amount 22:41 today 24 hours ago 24h change
0.5 GMON
₦29.25₦-0.9893
-9.26%
1 GMON
₦58.51₦-1.9786
-9.26%
5 GMON
₦292.53₦-9.8931
-9.26%
10 GMON
₦585.06₦-19.7862
-9.26%
50 GMON
₦2,925.3₦-98.9309
-9.26%
100 GMON
₦5,850.6₦-197.8618
-9.26%
500 GMON
₦29,252.98₦-989.3090
-9.26%
1000 GMON
₦58,505.95₦-1978.6180
-9.26%

GMON to NGN FAQ

How much is 1 Magma in NGN?
Right now, the price of 1 Magma (GMON) in Nigerian Naira (NGN) is ₦58.51.
How much GMON can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.01709 GMON for 1 NGN.
How do I calculate or convert GMON to NGN?
You can use our GMON to NGN calculator at the top of this page to convert any amount of GMON to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.08546 GMON, while 5 GMON will cost around 292.53NGN.
What is the highest price of GMON/NGN in history?
The all-time high price of 1 GMON in NGN is ₦68.82. It remains to be seen if the value of 1 GMON/NGN will exceed the current all-time high.
What is the price trend of Magma in NGN?
Over the past 7 days, the exchange rate of Magma (GMON) has gone down by 8.55%.   Over the last month, the exchange rate of Magma (GMON) has gone down by 8.52% against Nigerian Naira (NGN).

What factors influence the conversion rate of GMON to NGN?

There are many factors that affect the relationship between Magma and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of GMON/NGN. When there is positive news in the market about the widespread adoption of GMON or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GMON/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GMON/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of GMON/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magma and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Magma currency pairs: GMON to US Dollar (USD), GMON to Euro (EUR), GMON to Pound Sterling (GBP), GMON to Canadian Dollar (CAD), GMON to Indian Rupee (INR), GMON to Pakistani Rupee (PKR), GMON to Brazilian Real (BRL), GMON to…
The price of Magma in the US is $0.04050 USD. Additionally, Magma’s price is €0.03493 EUR in the eurozone, £0.03060 GBP in the UK, C$0.05682 CAD in Canada, ₹3.62 INR in India, ₨11.44 PKR in Pakistan, R$0.2169 BRL in Brazil, and more.
The most popular Magma currency pair is the GMON to Nigerian Naira(NGN). The price of 1 Magma (GMON) in Nigerian Naira (NGN) is ₦58.51.

Popular fiat

Popular areas

Purchase other cryptocurrencies with similar market cap

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.