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BANANA to NGN Converter and calculator

BANANA/NGN: 1 BANANA = 31,881.88 NGN. The price of converting 1 Banana Gun (BANANA) to Nigerian Naira (NGN) is 31,881.88 NGN today.
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BANANA
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides BANANA to NGN real-time exchange rates, making it easy to convert Banana Gun (BANANA) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 BANANA is currently valued at 31881.88 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BANANA is currently valued at 31881.88 NGN, which means buying 5 BANANA would cost 159409.39 NGN. Similarly, ₦1 NGN can be converted to 0.{4}3137 BANANA, and ₦50 NGN can be converted to 0.0001568 BANANA, excluding any platform or gas fees.

Convert BANANA to NGN

Convert NGN to BANANA

Banana Gun
Nigerian Naira
1 BANANA
31,881.88  NGN
2 BANANA
63,763.76  NGN
5 BANANA
159,409.39  NGN
10 BANANA
318,818.78  NGN
20 BANANA
637,637.55  NGN
50 BANANA
1,594,093.88  NGN
100 BANANA
3,188,187.76  NGN
200 BANANA
6,376,375.52  NGN
500 BANANA
15,940,938.79  NGN
1000 BANANA
31,881,877.58  NGN
5000 BANANA
159,409,387.88  NGN
10000 BANANA
318,818,775.75  NGN
In the table above, you'll find a comprehensive BANANA to NGN converter that shows the value of Banana Gun in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 BANANA to NGN, all the way up to 10000 BANANA, providing a clear view of their respective values.
Nigerian Naira
Banana Gun
10 NGN
0.0003137 BANANA
100 NGN
0.003137 BANANA
200 NGN
0.006273 BANANA
1000 NGN
0.03137 BANANA
2000 NGN
0.06273 BANANA
10000 NGN
0.3137 BANANA
In the table above, you'll find a comprehensive NGN to BANANA converter that shows the value of Nigerian Naira in Banana Gun across commonly used conversion amounts. The list covers conversions from 1 NGN to BANANA, all the way up to 100000 NGN, providing a clear view of their respective values.

BANANA to NGN chart

BANANA/NGN: 1 BANANA = 31,881.88 NGN; 2025/04/26 13:25:21
In the past 1D, Banana Gun has changed +4.51% to NGN. Based on the trend and price charts, Banana Gun(BANANA) has changed +4.51% to NGN while Nigerian Naira(NGN) has changed % to BANANA in the last 24 hours.
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BANANA to NGN conversion data: Volatility and price changes of Banana Gun in NGN

The highest Banana Gun price in NGN over the past 7 days was 33,981.74 NGN while the lowest Banana Gun price in NGN over the past 7 days was 26,182.99 NGN. The relative change between the highs and lows in Banana Gun price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and BANANA to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
33,981.74 NGN
33,981.74 NGN
36,522.54 NGN
64,405.76 NGN
Low
29,675.97 NGN
26,182.99 NGN
21,547.08 NGN
16,565.39 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+4.51%
+22.11%
-16.58%
-51.46%

Banana Gun information

BANANA to NGN market statistics

BANANA/NGN:
₦31,881.88
BANANA 24h volume:
₦46,987,447,782.22
BANANA market cap:
₦110,706,530,982.82
BANANA circulating supply:
3.47M BANANA

Current BANANA to NGN exchange rate

Banana Gun to Nigerian Naira is rising this week.
Banana Gun's current market price is ₦31,881.88 per BANANA, with a total market cap of ₦110,706,530,982.82 NGN based on a circulating supply of 3,472,396.8 BANANA. The trading volume of Banana Gun has changed by +43.67% (₦14,282,303,710.83 NGN) in the last 24 hours. Last trading day, BANANA's trading volume was ₦32,705,144,071.39.

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

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How to convert BANANA to NGN

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1 BANANA to ₦31,881.88 NGN
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BANANA to NGN Conversion tables

The exchange rate of Banana Gun is decreasing.
The exchange rate of 1 BANANA to Nigerian Naira has changed by +22.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.51%, reaching a high of 33,981.74 NGN and a low of 29,675.97 NGN . One month ago, the value of 1 BANANA was ₦38,220.37 NGN , which represents a -16.58% change from its current value. Over the last year, Banana Gun has changed by
-
14,879.04NGN
, resulting in a change of -31.81% in its value.
24 hours ago1 month ago1 year ago
Amount13:25 today24 hours ago24h change
0.5 BANANA₦15,940.94₦15,252.31
+4.51%
1 BANANA₦31,881.88₦30,504.62
+4.51%
5 BANANA₦159,409.39₦152,523.11
+4.51%
10 BANANA₦318,818.78₦305,046.23
+4.51%
50 BANANA₦1,594,093.88₦1,525,231.13
+4.51%
100 BANANA₦3,188,187.76₦3,050,462.25
+4.51%
500 BANANA₦15,940,938.79₦15,252,311.25
+4.51%
1000 BANANA₦31,881,877.58₦30,504,622.51
+4.51%

BANANA to NGN FAQ

How much is 1 Banana Gun in NGN?
Right now, the price of 1 Banana Gun (BANANA) in Nigerian Naira (NGN) is ₦31,881.88.
How much BANANA can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.{4}3137 BANANA for 1 NGN.
How do I calculate or convert BANANA to NGN?
You can use our BANANA to NGN calculator at the top of this page to convert any amount of BANANA to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.0001568 BANANA, while 5 BANANA will cost around 159,409.39NGN.
What is the highest price of BANANA/NGN in history?
The all-time high price of 1 BANANA in NGN is ₦126,605.22. It remains to be seen if the value of 1 BANANA/NGN will exceed the current all-time high.
What is the price trend of Banana Gun in NGN?
Over the past 7 days, the exchange rate of Banana Gun (BANANA) has gone up by 22.11%.   Over the last month, the exchange rate of Banana Gun (BANANA) has gone down by 16.58% against Nigerian Naira (NGN).

What factors influence the conversion rate of BANANA to NGN?

There are many factors that affect the relationship between Banana Gun 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 BANANA/NGN. When there is positive news in the market about the widespread adoption of BANANA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BANANA/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BANANA/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 BANANA/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 Banana Gun and adjust their investment strategies accordingly in the evolving market.

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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.