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base info API3

API3 to Nigerian Naira Converter and calculator

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Convert 1API3 (API3) to Nigerian Naira (NGN) equals ₦ 1,249.48 | Bitget
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Last updated as of 2025/03/18 16:26:03 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of API3(API3) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 API3 at a value of 1 API3 for 1,249.48 NGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NGN 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.

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Bitget crypto-to-fiat exchange data shows that the most popular API3 currency pair is the API3 to NGN, with for API3's currency code being API3. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

API3 to NGN conversion rate trend

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In the past 1D, API3 has changed +34.22% to NGN. Based on the trend and price charts, API3(API3) has changed +34.22% to NGN while Nigerian Naira(NGN) has changed -25.50% to API3 in the last 24 hours.

API3 to NGN market statistics

API3/NGN:
₦ 1,249.48
API3 24h volume:
₦ 642,758,852,619.66
API3 market cap:
₦ 107,982,688,776.42
API3 circulating supply:
86.42M API3

Current API3 to NGN exchange rate

API3 to Nigerian Naira is rising this week.
API3's current market price is ₦ 1,249.48 per API3, with a total market cap of ₦ 107,982,688,776.42 NGN based on a circulating supply of 86,421,976 API3. The trading volume of API3 has changed by +3319.66% (₦ 623,962,881,454.79 NGN) in the last 24 hours. Last trading day, API3's trading volume was ₦ 18,795,971,164.87.

API3 to NGN Conversion tables

The exchange rate of API3 is decreasing.
1 API3 is currently valued at ₦ 1,249.48 NGN , which means buying 5 API3 will cost ₦ 6,247.41 NGN . Similarly, ₦1 NGN can be traded for 0.0008003 API3, and ₦50 NGN can be converted to 0.04002 API3, excluding any platform or gas fees.
The exchange rate of 1 API3 to Nigerian Naira has changed by +49.66% in the last 7 days. In the last 24 hours, the rate has fluctuated by +34.22%, reaching a high of 1,602.68 NGN and a low of 927.57 NGN . One month ago, the value of 1 API3 was ₦ 1,383.8 NGN , which represents a -9.66% change from its current value. Over the last year, API3 has changed by
-
3,623.63NGN
, resulting in a change of -74.26% in its value.

API3 to NGN

Amount
16:26 today
0.5 API3
624.74
1 API3
1,249.48
5 API3
6,247.41
10 API3
12,494.82
50 API3
62,474.09
100 API3
124,948.18
500 API3
624,740.92
1000 API3
1,249,481.83

NGN to API3

Amount16:26 today
0.5NGN0.0004002  API3
1NGN0.0008003  API3
5NGN0.004002  API3
10NGN0.008003  API3
50NGN0.04002  API3
100NGN0.08003  API3
500NGN0.4002  API3
1000NGN0.8003  API3
Buy API3 now

API3 to NGN Today vs. 24 hours ago

Amount16:26 today24 hours ago24h change
0.5 API3₦624.74₦464.62
+34.22%
1 API3₦1,249.48₦929.23
+34.22%
5 API3₦6,247.41₦4,646.16
+34.22%
10 API3₦12,494.82₦9,292.33
+34.22%
50 API3₦62,474.09₦46,461.65
+34.22%
100 API3₦124,948.18₦92,923.29
+34.22%
500 API3₦624,740.92₦464,616.46
+34.22%
1000 API3₦1,249,481.83₦929,232.92
+34.22%

API3 to NGN Today vs. 1 month ago

Amount16:26 today1 month ago1M change
0.5 API3₦624.74₦691.9
-9.66%
1 API3₦1,249.48₦1,383.8
-9.66%
5 API3₦6,247.41₦6,918.98
-9.66%
10 API3₦12,494.82₦13,837.96
-9.66%
50 API3₦62,474.09₦69,189.81
-9.66%
100 API3₦124,948.18₦138,379.62
-9.66%
500 API3₦624,740.92₦691,898.12
-9.66%
1000 API3₦1,249,481.83₦1,383,796.25
-9.66%

API3 to NGN Today vs. 1 year ago

Amount16:26 today1 year ago1Y change
0.5 API3₦624.74₦2,436.56
-74.26%
1 API3₦1,249.48₦4,873.12
-74.26%
5 API3₦6,247.41₦24,365.58
-74.26%
10 API3₦12,494.82₦48,731.16
-74.26%
50 API3₦62,474.09₦243,655.79
-74.26%
100 API3₦124,948.18₦487,311.58
-74.26%
500 API3₦624,740.92₦2,436,557.88
-74.26%
1000 API3₦1,249,481.83₦4,873,115.76
-74.26%

How to convert API3 to NGN

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Convert API3 to NGN
Use a variety of payment options to buy API3 on Bitget. We'll show you how.

Buy API3 (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading does not currently support direct buying of API3 with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy API3 with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
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Sell API3 (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of API3 to NGN. However, you can first exchange API3 for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of API3 to NGN?

There are many factors that affect the relationship between API3 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 API3/NGN. When there is positive news in the market about the widespread adoption of API3 or major technological breakthroughs, it tends to trigger market optimism and drive the rise of API3/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in API3/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.
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 API3/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 API3 and adjust their investment strategies accordingly in the evolving market.

API3 price prediction

What will the price of API3 be in 2026?

Based on API3's historical price performance prediction model, the price of API3 is projected to reach $0.6285 in 2026.

What will the price of API3 be in 2031?

In 2031, the API3 price is expected to change by +19.00%. By the end of 2031, the API3 price is projected to reach $1.59, with a cumulative ROI of +123.44%.

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