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REEF to NGN Converter and calculator

REEF/NGN: 1 REEF = 0.2809 NGN. The price of converting 1 Reef (REEF) to Nigerian Naira (NGN) is 0.2809 NGN today.
REEF
REEF
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides REEF to NGN real-time exchange rates, making it easy to convert Reef (REEF) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 REEF is currently valued at 0.2809 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 REEF is currently valued at 0.2809 NGN, which means buying 5 REEF would cost 1.4 NGN. Similarly, ₦1 NGN can be converted to 3.56 REEF, and ₦50 NGN can be converted to 17.8 REEF, excluding any platform or gas fees.

Convert REEF to NGN

Convert NGN to REEF

Reef
Nigerian Naira
1 REEF
0.2809  NGN
Exchange 1 REEF for 0.2809 NGN
2 REEF
0.5618  NGN
Exchange 2 REEF for 0.5618 NGN
5 REEF
1.4  NGN
Exchange 5 REEF for 1.4 NGN
10 REEF
2.81  NGN
Exchange 10 REEF for 2.81 NGN
20 REEF
5.62  NGN
Exchange 20 REEF for 5.62 NGN
50 REEF
14.05  NGN
Exchange 50 REEF for 14.05 NGN
100 REEF
28.09  NGN
Exchange 100 REEF for 28.09 NGN
200 REEF
56.18  NGN
Exchange 200 REEF for 56.18 NGN
500 REEF
140.45  NGN
Exchange 500 REEF for 140.45 NGN
1000 REEF
280.9  NGN
Exchange 1000 REEF for 280.9 NGN
5000 REEF
1,404.51  NGN
Exchange 5000 REEF for 1,404.51 NGN
10000 REEF
2,809.02  NGN
Exchange 10000 REEF for 2,809.02 NGN
In the table above, you'll find a comprehensive REEF to NGN converter that shows the value of Reef in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 REEF to NGN, all the way up to 10000 REEF, providing a clear view of their respective values.
Nigerian Naira
Reef
1 NGN
3.56 REEF
Exchange 1 NGN for 3.56 REEF
10 NGN
35.6 REEF
Exchange 10 NGN for 35.6 REEF
50 NGN
178 REEF
Exchange 50 NGN for 178 REEF
100 NGN
356 REEF
Exchange 100 NGN for 356 REEF
200 NGN
711.99 REEF
Exchange 200 NGN for 711.99 REEF
500 NGN
1,779.98 REEF
Exchange 500 NGN for 1,779.98 REEF
1000 NGN
3,559.96 REEF
Exchange 1000 NGN for 3,559.96 REEF
2000 NGN
7,119.92 REEF
Exchange 2000 NGN for 7,119.92 REEF
5000 NGN
17,799.79 REEF
Exchange 5000 NGN for 17,799.79 REEF
10000 NGN
35,599.58 REEF
Exchange 10000 NGN for 35,599.58 REEF
50000 NGN
177,997.89 REEF
Exchange 50000 NGN for 177,997.89 REEF
100000 NGN
355,995.78 REEF
Exchange 100000 NGN for 355,995.78 REEF
In the table above, you'll find a comprehensive NGN to REEF converter that shows the value of Nigerian Naira in Reef across commonly used conversion amounts. The list covers conversions from 1 NGN to REEF, all the way up to 100000 NGN, providing a clear view of their respective values.

REEF to NGN chart

REEF/NGN: 1 REEF = 0.2809 NGN; 2025/11/17 17:47:30
In the past 1D, Reef has changed +0.33% to NGN. Based on the trend and price charts, Reef(REEF) has changed +0.33% to NGN while Nigerian Naira(NGN) has changed % to REEF in the last 24 hours.
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REEF to NGN conversion data: Volatility and price changes of Reef in NGN

The highest Reef price in NGN over the past 7 days was 0.3205 NGN while the lowest Reef price in NGN over the past 7 days was 0.2765 NGN. The relative change between the highs and lows in Reef price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and REEF to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.2985 NGN
0.3205 NGN
0.3608 NGN
1.08 NGN
Low
0.2765 NGN
0.2765 NGN
0.2765 NGN
0.2599 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.33%
-10.29%
-18.57%
-59.44%

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Reef information

REEF to NGN market statistics

REEF/NGN:
₦0.2809
REEF 24h volume:
₦1,646,810,320.4
REEF market cap:
₦5,903,355,081.83
REEF circulating supply:
21.02B REEF

Current REEF to NGN exchange rate

Reef to Nigerian Naira is falling this week.
Reef's current market price is ₦0.2809 per REEF, with a total market cap of ₦5,903,355,081.83 NGN based on a circulating supply of 21,015,693,000 REEF. The trading volume of Reef has changed by +152.46% (₦994,506,944.83 NGN) in the last 24 hours. Last trading day, REEF's trading volume was ₦652,303,375.57.

More info about Reef 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.

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

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REEF to NGN Conversion tables

The exchange rate of Reef is decreasing.
The exchange rate of 1 REEF to Nigerian Naira has changed by -10.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.33%, reaching a high of 0.2985 NGN and a low of 0.2765 NGN . One month ago, the value of 1 REEF was ₦0.3448 NGN , which represents a -18.57% change from its current value. Over the last year, Reef has changed by
-
1.57NGN
, resulting in a change of -84.82% in its value.
24 hours ago1 month ago1 year ago
Amount 17:47 today 24 hours ago 24h change
0.5 REEF
₦0.1405₦0.1400
+0.33%
1 REEF
₦0.2809₦0.2800
+0.33%
5 REEF
₦1.4₦1.4
+0.33%
10 REEF
₦2.81₦2.8
+0.33%
50 REEF
₦14.05₦14
+0.33%
100 REEF
₦28.09₦28
+0.33%
500 REEF
₦140.45₦139.99
+0.33%
1000 REEF
₦280.9₦279.99
+0.33%

REEF to NGN FAQ

How much is 1 Reef in NGN?
Right now, the price of 1 Reef (REEF) in Nigerian Naira (NGN) is ₦0.2809.
How much REEF can I buy for 1 NGN?
Based on the current exchange rate, you can get 3.56 REEF for 1 NGN.
How do I calculate or convert REEF to NGN?
You can use our REEF to NGN calculator at the top of this page to convert any amount of REEF to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 17.8 REEF, while 5 REEF will cost around 1.4NGN.
What is the highest price of REEF/NGN in history?
The all-time high price of 1 REEF in NGN is ₦84.39. It remains to be seen if the value of 1 REEF/NGN will exceed the current all-time high.
What is the price trend of Reef in NGN?
Over the past 7 days, the exchange rate of Reef (REEF) has gone down by 10.29%.   Over the last month, the exchange rate of Reef (REEF) has gone down by 18.57% against Nigerian Naira (NGN).

What factors influence the conversion rate of REEF to NGN?

There are many factors that affect the relationship between Reef and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of REEF/NGN. When there is positive news in the market about the widespread adoption of REEF or major technological breakthroughs, it tends to trigger market optimism and drive the rise of REEF/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in REEF/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of REEF/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Reef and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Reef currency pairs: REEF to US Dollar (USD), REEF to Euro (EUR), REEF to Pound Sterling (GBP), REEF to Canadian Dollar (CAD), REEF to Indian Rupee (INR), REEF to Pakistani Rupee (PKR), REEF to Brazilian Real (BRL), REEF to…
The price of Reef in the US is $0.0001944 USD. Additionally, Reef’s price is €0.0001676 EUR in the eurozone, £0.0001475 GBP in the UK, C$0.0002728 CAD in Canada, ₹0.01723 INR in India, ₨0.05494 PKR in Pakistan, R$0.001032 BRL in Brazil, and more.
The most popular Reef currency pair is the REEF to Nigerian Naira(NGN). The price of 1 Reef (REEF) in Nigerian Naira (NGN) is ₦0.2809.

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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.