drop_ to NGN Converter and calculator


Conversion rates
Convert drop_ to NGN
Convert NGN to drop_
drop_ to NGN chart
drop_ to NGN conversion data: Volatility and price changes of gachadrop_io in NGN
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0 NGN | -- NGN | -- NGN | -- NGN |
Low | 0 NGN | -- NGN | -- NGN | -- NGN |
Average | 0 NGN | 0 NGN | 0 NGN | 0 NGN |
Volatility | % | % | % | % |
Change | -- | -- | -- | -- |
Buy
Sell
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
gachadrop_io information
drop_ to NGN market statistics
Current drop_ to NGN exchange rate
gachadrop_io to Nigerian Naira is falling this week.More info about gachadrop_io on Bitget
Nigerian Naira 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.
Popular conversions










Hot promotions
How to convert drop_ to NGN



Popular gachadrop_io Converter









Popular cryptocurrencies to NGN










drop_ to NGN Conversion tables
| Amount | 20:35 today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 drop_ | ₦1.59 | ₦-- | 0.00% |
1 drop_ | ₦3.17 | ₦-- | 0.00% |
5 drop_ | ₦15.86 | ₦-- | 0.00% |
10 drop_ | ₦31.72 | ₦-- | 0.00% |
50 drop_ | ₦158.62 | ₦-- | 0.00% |
100 drop_ | ₦317.24 | ₦-- | 0.00% |
500 drop_ | ₦1,586.18 | ₦-- | 0.00% |
1000 drop_ | ₦3,172.36 | ₦-- | 0.00% |
drop_ to NGN FAQ
What factors influence the conversion rate of drop_ to NGN?
Popular exchange rates — Crypto-to-Fiat converter
The price of gachadrop_io in the US is $0.002179 USD. Additionally, gachadrop_io’s price is €0.001868 EUR in the eurozone, £0.001640 GBP in the UK, C$0.003037 CAD in Canada, ₹0.1922 INR in India, ₨0.6122 PKR in Pakistan, R$0.01168 BRL in Brazil, and more.
The most popular gachadrop_io currency pair is the drop_ to Nigerian Naira(NGN). The price of 1 gachadrop_io (drop_) in Nigerian Naira (NGN) is ₦3.17.
Popular fiat
Popular areas
Purchase other cryptocurrencies with similar market cap








Other crypto price predictions
Bitcoin(BTC)Price predictions
Ethereum(ETH)Price predictions
Celestia(TIA)Price predictions
Solana(SOL)Price predictions
Worldcoin(WLD)Price predictions
Bittensor(TAO)Price predictions
Dogecoin(DOGE)Price predictions
PepeCoin(PEPECOIN)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictions




































