Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy

PROOF to NGN Converter and calculator

PROOF/NGN: 1 PROOF = 111.21 NGN. The price of converting 1 PROOF (PROOF) to Nigerian Naira (NGN) is 111.21 NGN today.
PROOF
PROOF
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter provides PROOF to NGN real-time exchange rates, making it easy to convert PROOF (PROOF) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 PROOF is currently valued at 111.21 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PROOF is currently valued at 111.21 NGN, which means buying 5 PROOF would cost 556.04 NGN. Similarly, ₦1 NGN can be converted to 0.008992 PROOF, and ₦50 NGN can be converted to 0.04496 PROOF, excluding any platform or gas fees.

Convert PROOF to NGN

Convert NGN to PROOF

PROOF
Nigerian Naira
10 PROOF
1,112.09  NGN
20 PROOF
2,224.17  NGN
50 PROOF
5,560.44  NGN
100 PROOF
11,120.87  NGN
200 PROOF
22,241.74  NGN
500 PROOF
55,604.36  NGN
1000 PROOF
111,208.72  NGN
5000 PROOF
556,043.62  NGN
10000 PROOF
1,112,087.25  NGN
In the table above, you'll find a comprehensive PROOF to NGN converter that shows the value of PROOF in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 PROOF to NGN, all the way up to 10000 PROOF, providing a clear view of their respective values.
Nigerian Naira
PROOF
100000 NGN
899.21 PROOF
In the table above, you'll find a comprehensive NGN to PROOF converter that shows the value of Nigerian Naira in PROOF across commonly used conversion amounts. The list covers conversions from 1 NGN to PROOF, all the way up to 100000 NGN, providing a clear view of their respective values.

PROOF to NGN chart

PROOF/NGN: 1 PROOF = 111.21 NGN; 2025/05/03 01:44:17
In the past 1D, PROOF has changed +13.63% to NGN. Based on the trend and price charts, PROOF(PROOF) has changed +13.63% to NGN while Nigerian Naira(NGN) has changed % to PROOF in the last 24 hours.
1D7D1M3M1YAll

PROOF to NGN conversion data: Volatility and price changes of PROOF in NGN

The highest PROOF price in NGN over the past 7 days was 107.97 NGN while the lowest PROOF price in NGN over the past 7 days was 92.3 NGN. The relative change between the highs and lows in PROOF price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and PROOF 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
107.97 NGN
107.97 NGN
159.69 NGN
325.83 NGN
Low
95.02 NGN
92.3 NGN
92.3 NGN
92.3 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+13.63%
+2.02%
-32.35%
-47.36%

PROOF information

PROOF to NGN market statistics

PROOF/NGN:
₦111.21
PROOF 24h volume:
--
PROOF market cap:
--
PROOF circulating supply:
0 PROOF

Current PROOF to NGN exchange rate

PROOF to Nigerian Naira is rising this week.
PROOF's current market price is ₦111.21 per PROOF, with a total market cap of ₦0 NGN based on a circulating supply of -- PROOF. The trading volume of PROOF has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, PROOF's trading volume was ₦0.

More info about PROOF 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 PROOF currency pair is the PROOF to NGN, with for PROOF's currency code being PROOF. 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 97061.30 USD
popular info ethereum
ETH to USD
1 ETH to 1846.04 USD
popular info ripple
XRP to USD
1 XRP to 2.21 USD
popular info solana
SOL to USD
1 SOL to 147.54 USD
popular info bitcoin
BTC to EUR
1 BTC to 85870.13 EUR
popular info bitcoin
BTC to GBP
1 BTC to 73125.98 GBP
popular info bitcoin
BTC to CAD
1 BTC to 134138.72 CAD
popular info bitcoin
BTC to BRL
1 BTC to 549337.84 BRL
popular info bitcoin
BTC to INR
1 BTC to 8214346.35 INR
popular info pi-network
PI to INR
1 PI to 50.41 INR

Hot promotions

How to convert PROOF 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 PROOF to NGN
Choose from cryptocurrencies to trade on Bitget.

Buy

Sell

Buy PROOF (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of PROOF with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy PROOF 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 PROOF Converter

popular info New Taiwan dollar
PROOF to TWD
1 PROOF to NT$2.13 TWD
popular info Chinese Yuan
PROOF to CNY
1 PROOF to ¥0.5025 CNY
popular info United States Dollar
PROOF to USD
1 PROOF to $0.06934 USD
popular info Euro
PROOF to EUR
1 PROOF to €0.06135 EUR
popular info Canadian Dollar
PROOF to CAD
1 PROOF to C$0.09583 CAD
popular info Nigerian Naira
PROOF to NGN
1 PROOF to ₦111.21 NGN
popular info South Korean Won
PROOF to KRW
1 PROOF to ₩97.07 KRW
popular info Japanese Yen
PROOF to JPY
1 PROOF to ¥10.05 JPY
popular info Pound Sterling
PROOF to GBP
1 PROOF to £0.05224 GBP
popular info Brazilian Real
PROOF to BRL
1 PROOF to R$0.3925 BRL

Popular cryptocurrencies to NGN

other assets Hacken Token
HAI to NGN
1 HAI to ₦31.26 NGN
other assets StakeStone
STO to NGN
1 STO to ₦321.39 NGN
other assets Turbo
TURBO to NGN
1 TURBO to ₦8.71 NGN
other assets Pundi X (New)
PUNDIX to NGN
1 PUNDIX to ₦938.87 NGN
other assets WEMIX
WEMIX to NGN
1 WEMIX to ₦749.67 NGN
other assets Highstreet
HIGH to NGN
1 HIGH to ₦1,039.75 NGN
other assets Bitcoin Cash
BCH to NGN
1 BCH to ₦596,509.85 NGN
other assets Render
RENDER to NGN
1 RENDER to ₦7,635.57 NGN
other assets Virtuals Protocol
VIRTUAL to NGN
1 VIRTUAL to ₦2,785.55 NGN
other assets Vine Coin
VINE to NGN
1 VINE to ₦78.07 NGN

PROOF to NGN Conversion tables

The exchange rate of PROOF is decreasing.
The exchange rate of 1 PROOF to Nigerian Naira has changed by +2.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +13.63%, reaching a high of 107.97 NGN and a low of 95.02 NGN . One month ago, the value of 1 PROOF was ₦162.83 NGN , which represents a -32.35% change from its current value. Over the last year, PROOF has changed by
-
51.07NGN
, resulting in a change of -32.11% in its value.
24 hours ago1 month ago1 year ago
Amount01:44 am today24 hours ago24h change
0.5 PROOF₦55.6₦49.13
+13.63%
1 PROOF₦111.21₦98.26
+13.63%
5 PROOF₦556.04₦491.28
+13.63%
10 PROOF₦1,112.09₦982.55
+13.63%
50 PROOF₦5,560.44₦4,912.76
+13.63%
100 PROOF₦11,120.87₦9,825.52
+13.63%
500 PROOF₦55,604.36₦49,127.58
+13.63%
1000 PROOF₦111,208.72₦98,255.15
+13.63%

PROOF to NGN FAQ

How much is 1 PROOF in NGN?
Right now, the price of 1 PROOF (PROOF) in Nigerian Naira (NGN) is ₦111.21.
How much PROOF can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.008992 PROOF for 1 NGN.
How do I calculate or convert PROOF to NGN?
You can use our PROOF to NGN calculator at the top of this page to convert any amount of PROOF to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.04496 PROOF, while 5 PROOF will cost around 556.04NGN.
What is the highest price of PROOF/NGN in history?
The all-time high price of 1 PROOF in NGN is ₦548.14. It remains to be seen if the value of 1 PROOF/NGN will exceed the current all-time high.
What is the price trend of PROOF in NGN?
Over the past 7 days, the exchange rate of PROOF (PROOF) has gone up by 2.02%.   Over the last month, the exchange rate of PROOF (PROOF) has gone down by 32.35% against Nigerian Naira (NGN).

What factors influence the conversion rate of PROOF to NGN?

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