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Akash Network to Nigerian Naira Converter and calculator

Convert 1Akash Network (AKT) to Nigerian Naira (NGN) equals ₦ 4,615.56 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Akash Network(AKT) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 AKT at a value of 1 AKT for 4,615.56 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 Akash Network currency pair is the AKT to NGN, with for Akash Network's currency code being AKT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

AKT to NGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Akash Network has changed -5.78% to NGN. Based on the trend and price charts, Akash Network(AKT) has changed -5.78% to NGN while Nigerian Naira(NGN) has changed % to AKT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦4,615.56
0.0200% / 0.0320%vip-iconVIP 7
Huobi
₦4,618.43
0.1000% / 0.1000%
Yes
Gate.io
₦4,601.01
0.1000% / 0.1000%
Yes
KuCoin
₦4,604.73
0.1000% / 0.1000%
Yes
Last updated 2024/06/21 04:00:14(UTC+0)

How to buy Akash Network

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

Buy AKT (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading does not currently support direct buying of AKT with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy AKT with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
y
yakxharoonVerified Merchant
1450 tradesCompletion rate 99.00%
1496 NGN
Amount17.46 USDT
Limit1200 - 43593.44 NGN
Bank Transfer
Buy
5
5minutesVerified Merchant
2361 tradesCompletion rate 99.00%
1496 NGN
Amount94.92 USDT
Limit142000.3 - 142000.32 NGN
Bank Transfer
Buy
P
Phobia17Golden merchantVerified Merchant
2951 tradesCompletion rate 99.00%
1497 NGN
Amount3.12 USDT
Limit1200 - 113360 NGN
Bank Transfer
Buy
N
Nazy business centreGolden merchantVerified Merchant
2064 tradesCompletion rate 99.00%
1497 NGN
Amount106.56 USDT
Limit1200 - 340000 NGN
Bank Transfer
Buy
A
ALEDXCHANGEGolden merchantVerified Merchant
1620 tradesCompletion rate 97.00%
1497 NGN
Amount27.48 USDT
Limit1200 - 180065 NGN
Bank Transfer
Buy

Sell AKT (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of AKT to NGN. However, you can first exchange AKT for USDT in the Bitget spot market, and then sell USDT to NGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
S
SURE_PAY_001Verified Merchant
23 tradesCompletion rate 88.00%
1495.8 NGN
Amount98905.1 USDT
Limit500000 - 75000000 NGN
Bank Transfer
Sell
M
M - S - NASRIVerified Merchant
343 tradesCompletion rate 98.00%
1494.21 NGN
Amount100000 USDT
Limit500000 - 75000000 NGN
Bank Transfer
Sell
d
dbest1221Verified Merchant
213 tradesCompletion rate 97.00%
1494.2 NGN
Amount81139.75 USDT
Limit500000 - 75000000 NGN
Bank Transfer
Sell
b
btcxchangerVerified Merchant
22 tradesCompletion rate 85.00%
1494.05 NGN
Amount50000 USDT
Limit1200000 - 74702500 NGN
Bank Transfer
Sell
A
A2S Exchange Verified Merchant
457 tradesCompletion rate 99.00%
1494 NGN
Amount1000 USDT
Limit200000 - 1494000 NGN
Bank Transfer
Sell

What factors influence the conversion rate of Akash Network to Nigerian Naira?

Akash Network to Nigerian Naira is falling this week.
Akash Network's current market price is ₦ 4,615.56 per AKT, with a total market cap of ₦ 1,113,385,616,477.11 NGN based on a circulating supply of 241,224,530 AKT. The trading volume of Akash Network has changed by -41.73% (₦ -22,724,547,081.90 NGN) in the last 24 hours. Last trading day, AKT's trading volume was ₦ 54,452,616,489.96.
Market cap
$747.74M
24h volume
$21.31M
Circulating supply
241.22M AKT

Conversion tables

The exchange rate of Akash Network is decreasing.
1 AKT is currently valued at ₦ 4,615.56 NGN , which means buying 5 AKT will cost ₦ 23,077.79 NGN . Similarly, ₦1 NGN can be traded for 0.0002167 AKT, and ₦50 NGN can be converted to 0.01083 AKT, excluding any platform or gas fees.
The exchange rate of 1 AKT to Nigerian Naira has changed by -5.16% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.78%, reaching a high of 4,922.12 NGN and a low of 4,543.17 NGN . One month ago, the value of 1 AKT was ₦ 8,463.83 NGN , which represents a -45.45% change from its current value. Over the last year, Akash Network has changed by
+
665.12NGN
, resulting in a change of +373.31% in its value.

AKT to NGN

Amount
04:44 am today
0.5 AKT
2,307.78
1 AKT
4,615.56
5 AKT
23,077.79
10 AKT
46,155.57
50 AKT
230,777.86
100 AKT
461,555.72
500 AKT
2,307,778.62
1000 AKT
4,615,557.23

NGN to AKT

Amount04:44 am today
0.5NGN0.0001083  AKT
1NGN0.0002167  AKT
5NGN0.001083  AKT
10NGN0.002167  AKT
50NGN0.01083  AKT
100NGN0.02167  AKT
500NGN0.1083  AKT
1000NGN0.2167  AKT
Buy Akash Network for 1 NGN
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Today vs. 24 hours ago

Amount04:44 am today24 hours ago24h change
0.5 AKT$1.55$1.64
-5.78%
1 AKT$3.1$3.29
-5.78%
5 AKT$15.5$16.45
-5.78%
10 AKT$31$32.9
-5.78%
50 AKT$154.99$164.5
-5.78%
100 AKT$309.98$329
-5.78%
500 AKT$1,549.88$1,644.99
-5.78%
1000 AKT$3,099.77$3,289.99
-5.78%

Today vs. 1 month ago

Amount04:44 am today1 month ago1M change
0.5 AKT$1.55$2.84
-45.45%
1 AKT$3.1$5.68
-45.45%
5 AKT$15.5$28.42
-45.45%
10 AKT$31$56.84
-45.45%
50 AKT$154.99$284.21
-45.45%
100 AKT$309.98$568.42
-45.45%
500 AKT$1,549.88$2,842.12
-45.45%
1000 AKT$3,099.77$5,684.23
-45.45%
Buy Akash Network for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Akash Network now

Today vs. 1 year ago

Amount04:44 am today1 year ago1Y change
0.5 AKT$1.55$0.3265
+373.31%
1 AKT$3.1$0.6531
+373.31%
5 AKT$15.5$3.27
+373.31%
10 AKT$31$6.53
+373.31%
50 AKT$154.99$32.65
+373.31%
100 AKT$309.98$65.31
+373.31%
500 AKT$1,549.88$326.54
+373.31%
1000 AKT$3,099.77$653.08
+373.31%

Akash Network price prediction

What will the price of AKT be in 2025?

Based on AKT's historical price performance prediction model, the price of AKT is projected to reach $5.03 in 2025.

What will the price of AKT be in 2030?

In 2030, the AKT price is expected to rise by +1.00%. By the end of 2030, the AKT price is projected to reach $7.53, with a cumulative ROI of +143.08%.
Buy Akash Network for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Akash Network now

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Buy Akash Network for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Akash Network for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Akash Network now

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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Akash Network and NGN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Akash Network and NGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Akash Network in NGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy Akash Network for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

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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.