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Ethena to Nigerian Naira Converter and calculator

Convert 1Ethena (ENA) to Nigerian Naira (NGN) equals ₦ 1,104.97 | 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 Ethena(ENA) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 ENA at a value of 1 ENA for 1,104.97 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 Ethena currency pair is the ENA to NGN, with for Ethena's currency code being ENA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

ENA to NGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ethena has changed +8.15% to NGN. Based on the trend and price charts, Ethena(ENA) has changed +8.15% to NGN while Nigerian Naira(NGN) has changed % to ENA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦1,109.66
0.0002% / 0.0003%vip-iconVIP
Binance
₦1,106.67
0.1000% / 0.1000%
Yes
Huobi
₦1,108.33
0.1000% / 0.1000%
Yes
Gate.io
₦1,107.57
0.1000% / 0.1000%
Yes
Bybit
₦1,107.87
0.1000% / 0.1000%
Yes
KuCoin
₦1,108.17
0.1000% / 0.1000%
Yes
Bitfinex
₦1,107.66
0.1000% / 0.1000%
Yes
Last updated 2024/06/15 19:00:17(UTC+0)

How to buy Ethena

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Ethena (ENA)
Use a variety of payment options to buy Ethena on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of ENA with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy ENA with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
D
Dadysalahu20Verified Merchant
650 tradesCompletion rate 98.00%
1330 NGN
Amount130 USDT
Limit13300 - 13300 NGN
Bank Transfer
Buy
A
Abkar EmpireVerified Merchant
475 tradesCompletion rate 94.00%
1467 NGN
Amount7.2 USDT
Limit10560 - 10560 NGN
Bank Transfer
Buy
K
KingBanaGolden merchantVerified Merchant
1165 tradesCompletion rate 98.00%
1467.4 NGN
Amount26.21 USDT
Limit5000 - 238000 NGN
Bank Transfer
Buy
D
D-IsraelGolden merchantVerified Merchant
3027 tradesCompletion rate 99.00%
1467.45 NGN
Amount14.23 USDT
Limit10000 - 20881 NGN
Bank Transfer
Buy
A
ADEQuateVerified Merchant
900 tradesCompletion rate 98.00%
1467.48 NGN
Amount98.19 USDT
Limit5000 - 144091.86 NGN
Bank Transfer
Buy

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

Bitget P2P trading currently does not support direct selling of ENA to NGN. However, you can first exchange ENA 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
B
BGUSER-QATMW7MQVerified Merchant
74 tradesCompletion rate 87.00%
1468 NGN
Amount99011.26 USDT
Limit200000 - 5000000 NGN
Bank Transfer
Sell
P
PrimeXchangeVerified Merchant
148 tradesCompletion rate 96.00%
1467.7 NGN
Amount96327.33 USDT
Limit500000 - 70000000 NGN
Bank Transfer
Sell
A
AMEENU BALLEVerified Merchant
251 tradesCompletion rate 98.00%
1467.5 NGN
Amount5500 USDT
Limit500000 - 8071250 NGN
Bank Transfer
Sell
P
PrimeXchangeVerified Merchant
148 tradesCompletion rate 96.00%
1467.3 NGN
Amount100000 USDT
Limit500000 - 70000000 NGN
Bank Transfer
Sell
P
PrimeXchangeVerified Merchant
148 tradesCompletion rate 96.00%
1467.1 NGN
Amount98614.59 USDT
Limit500000 - 70000000 NGN
Bank Transfer
Sell

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

Ethena to Nigerian Naira is falling this week.
Ethena's current market price is ₦ 1,104.97 per ENA, with a total market cap of ₦ 1,679,893,783,388.29 NGN based on a circulating supply of 1,520,312,400 ENA. The trading volume of Ethena has changed by -18.54% (₦ -29,101,053,620.08 NGN) in the last 24 hours. Last trading day, ENA's trading volume was ₦ 156,963,611,758.81.
Market cap
$1.12B
24h volume
$85.50M
Circulating supply
1.52B ENA

Conversion tables

The exchange rate of Ethena is increasing.
1 ENA is currently valued at ₦ 1,104.97 NGN , which means buying 5 ENA will cost ₦ 5,524.83 NGN . Similarly, ₦1 NGN can be traded for 0.0009050 ENA, and ₦50 NGN can be converted to 0.04525 ENA, excluding any platform or gas fees.
The exchange rate of 1 ENA to Nigerian Naira has changed by -11.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.15%, reaching a high of 1,118.36 NGN and a low of 1,020.16 NGN . One month ago, the value of 1 ENA was ₦ 1,008.95 NGN , which represents a +9.52% change from its current value. Over the last year, Ethena has changed by
+
1,104.18NGN
, resulting in a change of --% in its value.

ENA to NGN

Amount
19:48 today
0.5 ENA
552.48
1 ENA
1,104.97
5 ENA
5,524.83
10 ENA
11,049.66
50 ENA
55,248.31
100 ENA
110,496.61
500 ENA
552,483.07
1000 ENA
1,104,966.13

NGN to ENA

Amount19:48 today
0.5NGN0.0004525  ENA
1NGN0.0009050  ENA
5NGN0.004525  ENA
10NGN0.009050  ENA
50NGN0.04525  ENA
100NGN0.09050  ENA
500NGN0.4525  ENA
1000NGN0.9050  ENA
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Today vs. 24 hours ago

Amount19:48 today24 hours ago24h change
0.5 ENA$0.3694$0.3416
+8.15%
1 ENA$0.7389$0.6832
+8.15%
5 ENA$3.69$3.42
+8.15%
10 ENA$7.39$6.83
+8.15%
50 ENA$36.94$34.16
+8.15%
100 ENA$73.89$68.32
+8.15%
500 ENA$369.43$341.61
+8.15%
1000 ENA$738.86$683.21
+8.15%

Today vs. 1 month ago

Amount19:48 today1 month ago1M change
0.5 ENA$0.3694$0.3373
+9.52%
1 ENA$0.7389$0.6747
+9.52%
5 ENA$3.69$3.37
+9.52%
10 ENA$7.39$6.75
+9.52%
50 ENA$36.94$33.73
+9.52%
100 ENA$73.89$67.47
+9.52%
500 ENA$369.43$337.33
+9.52%
1000 ENA$738.86$674.65
+9.52%
Buy Ethena for 1 NGN
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Today vs. 1 year ago

Amount19:48 today1 year ago1Y change
0.5 ENA$0.3694$0.0002639
--
1 ENA$0.7389$0.0005278
--
5 ENA$3.69$0.002639
--
10 ENA$7.39$0.005278
--
50 ENA$36.94$0.02639
--
100 ENA$73.89$0.05278
--
500 ENA$369.43$0.2639
--
1000 ENA$738.86$0.5278
--

Ethena price prediction

What will the price of ENA be in 2025?

Based on ENA's historical price performance prediction model, the price of ENA is projected to reach -- in 2025.

What will the price of ENA be in 2030?

In 2030, the ENA price is expected to rise by +6.00%. By the end of 2030, the ENA price is projected to reach --, with a cumulative ROI of 0.00%.
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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 Ethena 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 Ethena 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 Ethena 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.

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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.