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Crypto Asset Governance Alliance to Nigerian Naira Converter and calculator

Convert 1Crypto Asset Governance Alliance (CAGA) to Nigerian Naira (NGN) equals ₦ 0.7122 | 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 Crypto Asset Governance Alliance(CAGA) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 CAGA at a value of 1 CAGA for 0.71 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.

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

CAGA to NGN conversion rate trend

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In the past 1D, Crypto Asset Governance Alliance has changed -0.91% to NGN. Based on the trend and price charts, Crypto Asset Governance Alliance(CAGA) has changed -0.91% to NGN while Nigerian Naira(NGN) has changed % to CAGA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦0.7137
0.0001% / 0.0004%vip-iconVIP
Gate.io
₦0.7137
0.1000% / 0.1000%
Yes
Last updated 2024/05/24 10:00:13(UTC+0)

How to buy Crypto Asset Governance Alliance

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Use a variety of payment options to buy Crypto Asset Governance Alliance on Bitget. We'll show you how.

What factors influence the conversion rate of Crypto Asset Governance Alliance to Nigerian Naira?

Crypto Asset Governance Alliance to Nigerian Naira is rising this week.
Crypto Asset Governance Alliance's current market price is ₦ 0.7122 per CAGA, with a total market cap of ₦ 43,792,601,845.6 NGN based on a circulating supply of 61,492,072,000 CAGA. The trading volume of Crypto Asset Governance Alliance has changed by -31.01% (₦ -802,476,362.52 NGN) in the last 24 hours. Last trading day, CAGA's trading volume was ₦ 2,587,439,866.51.
Market cap
$29.59M
24h volume
$1.21M
Circulating supply
61.49B CAGA

Conversion tables

The exchange rate of Crypto Asset Governance Alliance is decreasing.
1 CAGA is currently valued at ₦ 0.7122 NGN , which means buying 5 CAGA will cost ₦ 3.56 NGN . Similarly, ₦1 NGN can be traded for 1.4 CAGA, and ₦50 NGN can be converted to 70.21 CAGA, excluding any platform or gas fees.
The exchange rate of 1 CAGA to Nigerian Naira has changed by +0.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.91%, reaching a high of 0.7215 NGN and a low of 0.7122 NGN . One month ago, the value of 1 CAGA was ₦ 0.7645 NGN , which represents a -6.84% change from its current value. Over the last year, Crypto Asset Governance Alliance has changed by
+
0.7126NGN
, resulting in a change of --% in its value.

CAGA to NGN

Amount
10:28 am today
0.5 CAGA
0.3561
1 CAGA
0.7122
5 CAGA
3.56
10 CAGA
7.12
50 CAGA
35.61
100 CAGA
71.22
500 CAGA
356.08
1000 CAGA
712.17

NGN to CAGA

Amount10:28 am today
0.5NGN0.7021  CAGA
1NGN1.4  CAGA
5NGN7.02  CAGA
10NGN14.04  CAGA
50NGN70.21  CAGA
100NGN140.42  CAGA
500NGN702.08  CAGA
1000NGN1,404.17  CAGA
Buy Crypto Asset Governance Alliance for 1 NGN
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Today vs. 24 hours ago

Amount10:28 am today24 hours ago24h change
0.5 CAGA$0.0002406$0.0002428
-0.91%
1 CAGA$0.0004812$0.0004856
-0.91%
5 CAGA$0.002406$0.002428
-0.91%
10 CAGA$0.004812$0.004856
-0.91%
50 CAGA$0.02406$0.02428
-0.91%
100 CAGA$0.04812$0.04856
-0.91%
500 CAGA$0.2406$0.2428
-0.91%
1000 CAGA$0.4812$0.4856
-0.91%

Today vs. 1 month ago

Amount10:28 am today1 month ago1M change
0.5 CAGA$0.0002406$0.0002583
-6.84%
1 CAGA$0.0004812$0.0005166
-6.84%
5 CAGA$0.002406$0.002583
-6.84%
10 CAGA$0.004812$0.005166
-6.84%
50 CAGA$0.02406$0.02583
-6.84%
100 CAGA$0.04812$0.05166
-6.84%
500 CAGA$0.2406$0.2583
-6.84%
1000 CAGA$0.4812$0.5166
-6.84%
Buy Crypto Asset Governance Alliance for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount10:28 am today1 year ago1Y change
0.5 CAGA$0.0002406$-0.{6}1377
--
1 CAGA$0.0004812$-0.{6}2755
--
5 CAGA$0.002406$-0.{5}1377
--
10 CAGA$0.004812$-0.{5}2755
--
50 CAGA$0.02406$-0.{4}1377
--
100 CAGA$0.04812$-0.{4}2755
--
500 CAGA$0.2406$-0.0001377
--
1000 CAGA$0.4812$-0.0002755
--

Crypto Asset Governance Alliance price prediction

What will the price of CAGA be in 2025?

Based on CAGA's historical price performance prediction model, the price of CAGA is projected to reach $0.0008541 in 2025.

What will the price of CAGA be in 2030?

In 2030, the CAGA price is expected to rise by +5.00%. By the end of 2030, the CAGA price is projected to reach $0.001531, with a cumulative ROI of +218.21%.
Buy Crypto Asset Governance Alliance for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Crypto Asset Governance Alliance for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Crypto Asset Governance Alliance for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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FAQ

Buy Crypto Asset Governance Alliance for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

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