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Gnosis to Nigerian Naira Converter and calculator

Convert 1Gnosis (GNO) to Nigerian Naira (NGN) equals ₦ 436,054.79 | 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 Gnosis(GNO) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 GNO at a value of 1 GNO for 436,054.79 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 Gnosis currency pair is the GNO to NGN, with for Gnosis's currency code being GNO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

GNO to NGN conversion rate trend

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In the past 1D, Gnosis has changed -1.79% to NGN. Based on the trend and price charts, Gnosis(GNO) has changed -1.79% to NGN while Nigerian Naira(NGN) has changed % to GNO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦433,096.61
0.0001% / 0.0004%vip-iconVIP
Binance
₦433,552.51
0.1000% / 0.1000%
Yes
Huobi
₦432,859.24
0.1000% / 0.1000%
Yes
Gate.io
₦433,361.33
0.1000% / 0.1000%
Yes
Last updated 2024/05/19 23:00:15(UTC+0)

How to buy Gnosis

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

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

Gnosis to Nigerian Naira is rising this week.
Gnosis's current market price is ₦ 436,054.79 per GNO, with a total market cap of ₦ 1,129,202,285,753.16 NGN based on a circulating supply of 2,589,588 GNO. The trading volume of Gnosis has changed by +0.05% (₦ 10,585,352.15 NGN) in the last 24 hours. Last trading day, GNO's trading volume was ₦ 20,048,015,443.2.
Market cap
$767.82M
24h volume
$13.64M
Circulating supply
2.59M GNO

Conversion tables

The exchange rate of Gnosis is decreasing.
1 GNO is currently valued at ₦ 436,054.79 NGN , which means buying 5 GNO will cost ₦ 2,180,273.97 NGN . Similarly, ₦1 NGN can be traded for 0.{5}2293 GNO, and ₦50 NGN can be converted to 0.0001147 GNO, excluding any platform or gas fees.
The exchange rate of 1 GNO to Nigerian Naira has changed by +3.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.79%, reaching a high of 446,006.12 NGN and a low of 431,217.6 NGN . One month ago, the value of 1 GNO was ₦ 507,378.99 NGN , which represents a -14.06% change from its current value. Over the last year, Gnosis has changed by
+
119,362.07NGN
, resulting in a change of +157.07% in its value.

GNO to NGN

Amount
23:38 today
0.5 GNO
218,027.4
1 GNO
436,054.79
5 GNO
2,180,273.97
10 GNO
4,360,547.94
50 GNO
21,802,739.7
100 GNO
43,605,479.41
500 GNO
218,027,397.04
1000 GNO
436,054,794.07

NGN to GNO

Amount23:38 today
0.5NGN0.{5}1147  GNO
1NGN0.{5}2293  GNO
5NGN0.{4}1147  GNO
10NGN0.{4}2293  GNO
50NGN0.0001147  GNO
100NGN0.0002293  GNO
500NGN0.001147  GNO
1000NGN0.002293  GNO
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Today vs. 24 hours ago

Amount23:38 today24 hours ago24h change
0.5 GNO$148.25$150.95
-1.79%
1 GNO$296.5$301.9
-1.79%
5 GNO$1,482.51$1,509.52
-1.79%
10 GNO$2,965.01$3,019.04
-1.79%
50 GNO$14,825.07$15,095.18
-1.79%
100 GNO$29,650.15$30,190.36
-1.79%
500 GNO$148,250.73$150,951.78
-1.79%
1000 GNO$296,501.46$301,903.56
-1.79%

Today vs. 1 month ago

Amount23:38 today1 month ago1M change
0.5 GNO$148.25$172.5
-14.06%
1 GNO$296.5$345
-14.06%
5 GNO$1,482.51$1,725
-14.06%
10 GNO$2,965.01$3,449.99
-14.06%
50 GNO$14,825.07$17,249.97
-14.06%
100 GNO$29,650.15$34,499.93
-14.06%
500 GNO$148,250.73$172,499.66
-14.06%
1000 GNO$296,501.46$344,999.33
-14.06%
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Today vs. 1 year ago

Amount23:38 today1 year ago1Y change
0.5 GNO$148.25$57.67
+157.07%
1 GNO$296.5$115.34
+157.07%
5 GNO$1,482.51$576.7
+157.07%
10 GNO$2,965.01$1,153.4
+157.07%
50 GNO$14,825.07$5,766.98
+157.07%
100 GNO$29,650.15$11,533.96
+157.07%
500 GNO$148,250.73$57,669.79
+157.07%
1000 GNO$296,501.46$115,339.58
+157.07%

Gnosis price prediction

What will the price of GNO be in 2025?

Based on GNO's historical price performance prediction model, the price of GNO is projected to reach $378.86 in 2025.

What will the price of GNO be in 2030?

In 2030, the GNO price is expected to rise by -5.00%. By the end of 2030, the GNO price is projected to reach $384.83, with a cumulative ROI of +29.79%.
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