Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

BMI to NGN Converter and calculator

BMI/NGN: 1 BMI = 6.3 NGN. The price of converting 1 Bridge Mutual (BMI) to Nigerian Naira (NGN) is 6.3 NGN today.
BMI
BMI
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter provides BMI to NGN real-time exchange rates, making it easy to convert Bridge Mutual (BMI) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 BMI is currently valued at 6.30 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BMI is currently valued at 6.30 NGN, which means buying 5 BMI would cost 31.50 NGN. Similarly, ₦1 NGN can be converted to 0.1587 BMI, and ₦50 NGN can be converted to 0.7936 BMI, excluding any platform or gas fees.

Convert BMI to NGN

Convert NGN to BMI

Bridge Mutual
Nigerian Naira
200 BMI
1,260.03  NGN
500 BMI
3,150.08  NGN
1000 BMI
6,300.15  NGN
5000 BMI
31,500.75  NGN
10000 BMI
63,001.51  NGN
In the table above, you'll find a comprehensive BMI to NGN converter that shows the value of Bridge Mutual in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 BMI to NGN, all the way up to 10000 BMI, providing a clear view of their respective values.
Nigerian Naira
Bridge Mutual
100000 NGN
15,872.64 BMI
In the table above, you'll find a comprehensive NGN to BMI converter that shows the value of Nigerian Naira in Bridge Mutual across commonly used conversion amounts. The list covers conversions from 1 NGN to BMI, all the way up to 100000 NGN, providing a clear view of their respective values.

BMI to NGN chart

BMI/NGN: 1 BMI = 6.3 NGN; 2025/04/27 14:27:50
In the past 1D, Bridge Mutual has changed -0.03% to NGN. Based on the trend and price charts, Bridge Mutual(BMI) has changed -0.03% to NGN while Nigerian Naira(NGN) has changed % to BMI in the last 24 hours.
1D7D1M3M1YAll

BMI to NGN conversion data: Volatility and price changes of Bridge Mutual in NGN

The highest Bridge Mutual price in NGN over the past 7 days was 6.73 NGN while the lowest Bridge Mutual price in NGN over the past 7 days was 5.66 NGN. The relative change between the highs and lows in Bridge Mutual price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and BMI 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
6.32 NGN
6.73 NGN
6.73 NGN
7.7 NGN
Low
6.28 NGN
5.66 NGN
4.82 NGN
4.82 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.03%
+13.19%
+7.81%
+11.07%

Bridge Mutual information

BMI to NGN market statistics

BMI/NGN:
₦6.3
BMI 24h volume:
₦25,608,587.21
BMI market cap:
₦407,601,319.4
BMI circulating supply:
64.70M BMI

Current BMI to NGN exchange rate

Bridge Mutual to Nigerian Naira is rising this week.
Bridge Mutual's current market price is ₦6.3 per BMI, with a total market cap of ₦407,601,319.4 NGN based on a circulating supply of 64,697,070 BMI. The trading volume of Bridge Mutual has changed by -10.66% (₦-3,057,206.95 NGN) in the last 24 hours. Last trading day, BMI's trading volume was ₦28,665,794.16.

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

Popular conversions

popular info bitcoin
BTC to USD
1 BTC to 94051.27 USD
popular info ethereum
ETH to USD
1 ETH to 1809.94 USD
popular info ripple
XRP to USD
1 XRP to 2.18 USD
popular info solana
SOL to USD
1 SOL to 148.33 USD
popular info bitcoin
BTC to EUR
1 BTC to 82746.31 EUR
popular info bitcoin
BTC to GBP
1 BTC to 70641.91 GBP
popular info bitcoin
BTC to CAD
1 BTC to 130599.59 CAD
popular info bitcoin
BTC to BRL
1 BTC to 535189.35 BRL
popular info bitcoin
BTC to INR
1 BTC to 8030539.47 INR
popular info pi-network
PI to INR
1 PI to 54.49 INR

Hot promotions

How to convert BMI to NGN

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Convert BMI to NGN
Choose from cryptocurrencies to trade on Bitget.

Buy

Sell

Buy BMI (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of BMI with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy BMI with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Popular Bridge Mutual Converter

popular info New Taiwan dollar
BMI to TWD
1 BMI to NT$0.1275 TWD
popular info Chinese Yuan
BMI to CNY
1 BMI to ¥0.02855 CNY
popular info United States Dollar
BMI to USD
1 BMI to $0.003916 USD
popular info Euro
BMI to EUR
1 BMI to €0.003445 EUR
popular info Canadian Dollar
BMI to CAD
1 BMI to C$0.005438 CAD
popular info Nigerian Naira
BMI to NGN
1 BMI to ₦6.3 NGN
popular info South Korean Won
BMI to KRW
1 BMI to ₩5.63 KRW
popular info Japanese Yen
BMI to JPY
1 BMI to ¥0.5626 JPY
popular info Pound Sterling
BMI to GBP
1 BMI to £0.002941 GBP
popular info Brazilian Real
BMI to BRL
1 BMI to R$0.02228 BRL

Popular cryptocurrencies to NGN

other assets JUST
JST to NGN
1 JST to ₦66.63 NGN
other assets Bubblemaps
BMT to NGN
1 BMT to ₦208.04 NGN
other assets ARPA
ARPA to NGN
1 ARPA to ₦43.29 NGN
other assets Alchemy Pay
ACH to NGN
1 ACH to ₦44.49 NGN
other assets Steem
STEEM to NGN
1 STEEM to ₦257.27 NGN
other assets Ethereum Name Service
ENS to NGN
1 ENS to ₦29,730.62 NGN
other assets Turbo
TURBO to NGN
1 TURBO to ₦8.55 NGN
other assets Stacks
STX to NGN
1 STX to ₦1,395.14 NGN
other assets TRON
TRX to NGN
1 TRX to ₦400.22 NGN
other assets Frax Share
FXS to NGN
1 FXS to ₦4,249.57 NGN

BMI to NGN Conversion tables

The exchange rate of Bridge Mutual is increasing.
The exchange rate of 1 BMI to Nigerian Naira has changed by +13.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.03%, reaching a high of 6.32 NGN and a low of 6.28 NGN . One month ago, the value of 1 BMI was ₦5.84 NGN , which represents a +7.81% change from its current value. Over the last year, Bridge Mutual has changed by
-
4.03NGN
, resulting in a change of -39.01% in its value.
24 hours ago1 month ago1 year ago
Amount14:27 today24 hours ago24h change
0.5 BMI₦3.15₦3.15
-0.03%
1 BMI₦6.3₦6.3
-0.03%
5 BMI₦31.5₦31.51
-0.03%
10 BMI₦63₦63.02
-0.03%
50 BMI₦315.01₦315.1
-0.03%
100 BMI₦630.02₦630.2
-0.03%
500 BMI₦3,150.08₦3,151
-0.03%
1000 BMI₦6,300.15₦6,301.99
-0.03%

BMI to NGN FAQ

How much is 1 Bridge Mutual in NGN?
Right now, the price of 1 Bridge Mutual (BMI) in Nigerian Naira (NGN) is ₦6.3.
How much BMI can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.1587 BMI for 1 NGN.
How do I calculate or convert BMI to NGN?
You can use our BMI to NGN calculator at the top of this page to convert any amount of BMI to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.7936 BMI, while 5 BMI will cost around 31.5NGN.
What is the highest price of BMI/NGN in history?
The all-time high price of 1 BMI in NGN is ₦8,804.25. It remains to be seen if the value of 1 BMI/NGN will exceed the current all-time high.
What is the price trend of Bridge Mutual in NGN?
Over the past 7 days, the exchange rate of Bridge Mutual (BMI) has gone up by 13.19%.   Over the last month, the exchange rate of Bridge Mutual (BMI) has gone up by 7.81% against Nigerian Naira (NGN).

What factors influence the conversion rate of BMI to NGN?

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

Purchase other cryptocurrencies with similar market cap

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.