Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info OKB

OKB to Nigerian Naira Converter and calculator

Convert 1OKB (OKB) to Nigerian Naira (NGN) equals ₦ 73,204.94 | Bitget
OKB
OKB
swap
NGN
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of OKB(OKB) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 OKB at a value of 1 OKB for 73,204.94 NGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NGN 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.

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

OKB to NGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed -0.38% to NGN. Based on the trend and price charts, OKB(OKB) has changed -0.38% to NGN while Nigerian Naira(NGN) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦73,204.94
0.0001% / 0.0004%vip-iconVIP
OKX
₦73,074.47
0.080% / 0.100%
Yes
Gate.io
₦73,014.71
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 15:00:25(UTC+0)

How to buy OKB

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
Buy OKB (OKB)
Use a variety of payment options to buy OKB on Bitget. We'll show you how.

What factors influence the conversion rate of OKB to Nigerian Naira?

OKB to Nigerian Naira is falling this week.
OKB's current market price is ₦ 73,204.94 per OKB, with a total market cap of ₦ 4,392,296,127,584 NGN based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by +28.26% (₦ 1,043,480,257.99 NGN) in the last 24 hours. Last trading day, OKB's trading volume was ₦ 3,691,866,623.21.
Market cap
$2.94B
24h volume
$3.17M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at ₦ 73,204.94 NGN , which means buying 5 OKB will cost ₦ 366,024.68 NGN . Similarly, ₦1 NGN can be traded for 0.{4}1366 OKB, and ₦50 NGN can be converted to 0.0006830 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Nigerian Naira has changed by -1.20% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.38%, reaching a high of 74,005.14 NGN and a low of 72,897.37 NGN . One month ago, the value of 1 OKB was ₦ 82,078.89 NGN , which represents a -10.81% change from its current value. Over the last year, OKB has changed by
+
171.14NGN
, resulting in a change of +6.79% in its value.

OKB to NGN

Amount
15:14 today
0.5 OKB
36,602.47
1 OKB
73,204.94
5 OKB
366,024.68
10 OKB
732,049.36
50 OKB
3,660,246.8
100 OKB
7,320,493.59
500 OKB
36,602,467.96
1000 OKB
73,204,935.92

NGN to OKB

Amount15:14 today
0.5NGN0.{5}6830  OKB
1NGN0.{4}1366  OKB
5NGN0.{4}6830  OKB
10NGN0.0001366  OKB
50NGN0.0006830  OKB
100NGN0.001366  OKB
500NGN0.006830  OKB
1000NGN0.01366  OKB
Buy OKB for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OKB now

Today vs. 24 hours ago

Amount15:14 today24 hours ago24h change
0.5 OKB$24.5$24.59
-0.38%
1 OKB$49$49.18
-0.38%
5 OKB$244.99$245.92
-0.38%
10 OKB$489.97$491.85
-0.38%
50 OKB$2,449.87$2,459.24
-0.38%
100 OKB$4,899.73$4,918.48
-0.38%
500 OKB$24,498.66$24,592.4
-0.38%
1000 OKB$48,997.32$49,184.8
-0.38%

Today vs. 1 month ago

Amount15:14 today1 month ago1M change
0.5 OKB$24.5$27.47
-10.81%
1 OKB$49$54.94
-10.81%
5 OKB$244.99$274.68
-10.81%
10 OKB$489.97$549.37
-10.81%
50 OKB$2,449.87$2,746.84
-10.81%
100 OKB$4,899.73$5,493.68
-10.81%
500 OKB$24,498.66$27,468.4
-10.81%
1000 OKB$48,997.32$54,936.81
-10.81%
Buy OKB for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OKB now

Today vs. 1 year ago

Amount15:14 today1 year ago1Y change
0.5 OKB$24.5$22.94
+6.79%
1 OKB$49$45.88
+6.79%
5 OKB$244.99$229.41
+6.79%
10 OKB$489.97$458.83
+6.79%
50 OKB$2,449.87$2,294.14
+6.79%
100 OKB$4,899.73$4,588.28
+6.79%
500 OKB$24,498.66$22,941.39
+6.79%
1000 OKB$48,997.32$45,882.77
+6.79%

OKB price prediction

What will the price of OKB be in 2025?

Based on OKB's historical price performance prediction model, the price of OKB is projected to reach $74.64 in 2025.

What will the price of OKB be in 2030?

In 2030, the OKB price is expected to rise by -10.00%. By the end of 2030, the OKB price is projected to reach $87.52, with a cumulative ROI of +78.63%.
Buy OKB for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OKB now

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action
Buy OKB for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OKB now
Buy OKB for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy OKB now

FAQ

Buy OKB for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

Buy OKB now
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.