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SCUTUM to NGN Converter and calculator

SCUTUM/NGN: 1 SCUTUM = 0.06096 NGN. The price of converting 1 Scutum (SCUTUM) to Nigerian Naira (NGN) is 0.06096 NGN today.
SCUTUM
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SCUTUM to NGN real-time exchange rates, making it easy to convert Scutum (SCUTUM) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 SCUTUM is currently valued at 0.06096 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SCUTUM is currently valued at 0.06096 NGN, which means buying 5 SCUTUM would cost 0.3048 NGN. Similarly, ₦1 NGN can be converted to 16.4 SCUTUM, and ₦50 NGN can be converted to 82.02 SCUTUM, excluding any platform or gas fees.

Convert SCUTUM to NGN

Convert NGN to SCUTUM

Scutum
Nigerian Naira
1 SCUTUM
0.06096  NGN
Exchange 1 SCUTUM for 0.06096 NGN
2 SCUTUM
0.1219  NGN
Exchange 2 SCUTUM for 0.1219 NGN
5 SCUTUM
0.3048  NGN
Exchange 5 SCUTUM for 0.3048 NGN
10 SCUTUM
0.6096  NGN
Exchange 10 SCUTUM for 0.6096 NGN
20 SCUTUM
1.22  NGN
Exchange 20 SCUTUM for 1.22 NGN
50 SCUTUM
3.05  NGN
Exchange 50 SCUTUM for 3.05 NGN
100 SCUTUM
6.1  NGN
Exchange 100 SCUTUM for 6.1 NGN
200 SCUTUM
12.19  NGN
Exchange 200 SCUTUM for 12.19 NGN
500 SCUTUM
30.48  NGN
Exchange 500 SCUTUM for 30.48 NGN
1000 SCUTUM
60.96  NGN
Exchange 1000 SCUTUM for 60.96 NGN
5000 SCUTUM
304.8  NGN
Exchange 5000 SCUTUM for 304.8 NGN
10000 SCUTUM
609.6  NGN
Exchange 10000 SCUTUM for 609.6 NGN
In the table above, you'll find a comprehensive SCUTUM to NGN converter that shows the value of Scutum in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 SCUTUM to NGN, all the way up to 10000 SCUTUM, providing a clear view of their respective values.
Nigerian Naira
Scutum
1 NGN
16.4 SCUTUM
Exchange 1 NGN for 16.4 SCUTUM
10 NGN
164.04 SCUTUM
Exchange 10 NGN for 164.04 SCUTUM
50 NGN
820.21 SCUTUM
Exchange 50 NGN for 820.21 SCUTUM
100 NGN
1,640.42 SCUTUM
Exchange 100 NGN for 1,640.42 SCUTUM
200 NGN
3,280.84 SCUTUM
Exchange 200 NGN for 3,280.84 SCUTUM
500 NGN
8,202.09 SCUTUM
Exchange 500 NGN for 8,202.09 SCUTUM
1000 NGN
16,404.18 SCUTUM
Exchange 1000 NGN for 16,404.18 SCUTUM
2000 NGN
32,808.35 SCUTUM
Exchange 2000 NGN for 32,808.35 SCUTUM
5000 NGN
82,020.89 SCUTUM
Exchange 5000 NGN for 82,020.89 SCUTUM
10000 NGN
164,041.77 SCUTUM
Exchange 10000 NGN for 164,041.77 SCUTUM
50000 NGN
820,208.86 SCUTUM
Exchange 50000 NGN for 820,208.86 SCUTUM
100000 NGN
1,640,417.73 SCUTUM
Exchange 100000 NGN for 1,640,417.73 SCUTUM
In the table above, you'll find a comprehensive NGN to SCUTUM converter that shows the value of Nigerian Naira in Scutum across commonly used conversion amounts. The list covers conversions from 1 NGN to SCUTUM, all the way up to 100000 NGN, providing a clear view of their respective values.

SCUTUM to NGN chart

SCUTUM/NGN: 1 SCUTUM = 0.06096 NGN; 2025/12/06 22:09:20
In the past 1D, Scutum has changed -0.97% to NGN. Based on the trend and price charts, Scutum(SCUTUM) has changed -0.97% to NGN while Nigerian Naira(NGN) has changed % to SCUTUM in the last 24 hours.
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SCUTUM to NGN conversion data: Volatility and price changes of Scutum in NGN

The highest Scutum price in NGN over the past 7 days was -- NGN while the lowest Scutum price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Scutum price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and SCUTUM 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
2.65 NGN
-- NGN
-- NGN
-- NGN
Low
0.02349 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.97%
--
--
--

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Bitget P2P trading does not currently support direct buying of SCUTUM with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy SCUTUM with USDT via Bitget spot market.
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Scutum information

SCUTUM to NGN market statistics

SCUTUM/NGN:
₦0.06096
SCUTUM 24h volume:
₦11,614,845,656.47
SCUTUM market cap:
₦42,482.14
SCUTUM circulating supply:
696.88K SCUTUM

Current SCUTUM to NGN exchange rate

Scutum to Nigerian Naira is falling this week.
Scutum's current market price is ₦0.06096 per SCUTUM, with a total market cap of ₦42,482.14 NGN based on a circulating supply of 696,884.6 SCUTUM. The trading volume of Scutum has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, SCUTUM's trading volume was ₦--.

More info about Scutum 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 Scutum currency pair is the SCUTUM to NGN, with for Scutum's currency code being SCUTUM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert SCUTUM to NGN

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SCUTUM to NGN Conversion tables

The exchange rate of Scutum is decreasing.
The exchange rate of 1 SCUTUM to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.97%, reaching a high of 2.65 NGN and a low of 0.02349 NGN . One month ago, the value of 1 SCUTUM was ₦-- NGN , which represents a --% change from its current value. Over the last year, Scutum has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 22:09 today 24 hours ago 24h change
0.5 SCUTUM
₦0.03048₦--
-0.97%
1 SCUTUM
₦0.06096₦--
-0.97%
5 SCUTUM
₦0.3048₦--
-0.97%
10 SCUTUM
₦0.6096₦--
-0.97%
50 SCUTUM
₦3.05₦--
-0.97%
100 SCUTUM
₦6.1₦--
-0.97%
500 SCUTUM
₦30.48₦--
-0.97%
1000 SCUTUM
₦60.96₦--
-0.97%

SCUTUM to NGN FAQ

How much is 1 Scutum in NGN?
Right now, the price of 1 Scutum (SCUTUM) in Nigerian Naira (NGN) is ₦0.06096.
How much SCUTUM can I buy for 1 NGN?
Based on the current exchange rate, you can get 16.4 SCUTUM for 1 NGN.
How do I calculate or convert SCUTUM to NGN?
You can use our SCUTUM to NGN calculator at the top of this page to convert any amount of SCUTUM to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 82.02 SCUTUM, while 5 SCUTUM will cost around 0.3048NGN.
What is the highest price of SCUTUM/NGN in history?
The all-time high price of 1 SCUTUM in NGN is --. It remains to be seen if the value of 1 SCUTUM/NGN will exceed the current all-time high.
What is the price trend of Scutum in NGN?
Over the past 7 days, the exchange rate of Scutum (SCUTUM) has gone down by --.   Over the last month, the exchange rate of Scutum (SCUTUM) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of SCUTUM to NGN?

There are many factors that affect the relationship between Scutum 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 SCUTUM/NGN. When there is positive news in the market about the widespread adoption of SCUTUM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SCUTUM/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SCUTUM/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 SCUTUM/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 Scutum 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 Scutum currency pairs: SCUTUM to US Dollar (USD), SCUTUM to Euro (EUR), SCUTUM to Pound Sterling (GBP), SCUTUM to Canadian Dollar (CAD), SCUTUM to Indian Rupee (INR), SCUTUM to Pakistani Rupee (PKR), SCUTUM to Brazilian Real (BRL), SCUTUM to…
The price of Scutum in the US is $0.{4}4202 USD. Additionally, Scutum’s price is €0.{4}3608 EUR in the eurozone, £0.{4}3150 GBP in the UK, C$0.{4}5810 CAD in Canada, ₹0.003780 INR in India, ₨0.01178 PKR in Pakistan, R$0.0002286 BRL in Brazil, and more.
The most popular Scutum currency pair is the SCUTUM to Nigerian Naira(NGN). The price of 1 Scutum (SCUTUM) in Nigerian Naira (NGN) is ₦0.06096.

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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.