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BNF to NGN Converter and calculator

BNF/NGN: 1 BNF = 0.02376 NGN. The price of converting 1 BonFi (BNF) to Nigerian Naira (NGN) is 0.02376 NGN today.
BNF
BNF
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides BNF to NGN real-time exchange rates, making it easy to convert BonFi (BNF) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 BNF is currently valued at 0.02 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BNF is currently valued at 0.02 NGN, which means buying 5 BNF would cost 0.12 NGN. Similarly, ₦1 NGN can be converted to 42.1 BNF, and ₦50 NGN can be converted to 210.48 BNF, excluding any platform or gas fees.

Convert BNF to NGN

Convert NGN to BNF

BonFi
Nigerian Naira
10000 BNF
237.55  NGN
In the table above, you'll find a comprehensive BNF to NGN converter that shows the value of BonFi in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 BNF to NGN, all the way up to 10000 BNF, providing a clear view of their respective values.
Nigerian Naira
BonFi
5000 NGN
210,481.53 BNF
10000 NGN
420,963.05 BNF
50000 NGN
2,104,815.27 BNF
100000 NGN
4,209,630.54 BNF
In the table above, you'll find a comprehensive NGN to BNF converter that shows the value of Nigerian Naira in BonFi across commonly used conversion amounts. The list covers conversions from 1 NGN to BNF, all the way up to 100000 NGN, providing a clear view of their respective values.

BNF to NGN chart

BNF/NGN: 1 BNF = 0.02376 NGN; 2025/05/03 16:23:19
In the past 1D, BonFi has changed +0.05% to NGN. Based on the trend and price charts, BonFi(BNF) has changed +0.05% to NGN while Nigerian Naira(NGN) has changed % to BNF in the last 24 hours.
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BNF to NGN conversion data: Volatility and price changes of BonFi in NGN

The highest BonFi price in NGN over the past 7 days was 0.02376 NGN while the lowest BonFi price in NGN over the past 7 days was 0.02373 NGN. The relative change between the highs and lows in BonFi price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and BNF 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
0.02376 NGN
0.02376 NGN
0.08824 NGN
0.1278 NGN
Low
0.02374 NGN
0.02373 NGN
0.02371 NGN
0.01683 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.05%
+0.02%
-52.37%
-81.39%

BonFi information

BNF to NGN market statistics

BNF/NGN:
₦0.02376
BNF 24h volume:
₦11,654.01
BNF market cap:
₦7,065,188.39
BNF circulating supply:
297.42M BNF

Current BNF to NGN exchange rate

BonFi to Nigerian Naira is rising this week.
BonFi's current market price is ₦0.02376 per BNF, with a total market cap of ₦7,065,188.39 NGN based on a circulating supply of 297,418,340 BNF. The trading volume of BonFi has changed by +0.01% (₦0.9672 NGN) in the last 24 hours. Last trading day, BNF's trading volume was ₦11,653.05.

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

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How to convert BNF to NGN

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Bitget P2P trading does not currently support direct buying of BNF with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy BNF with USDT via Bitget spot market.
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BNF to NGN Conversion tables

The exchange rate of BonFi is decreasing.
The exchange rate of 1 BNF to Nigerian Naira has changed by +0.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.05%, reaching a high of 0.02376 NGN and a low of 0.02374 NGN . One month ago, the value of 1 BNF was ₦0.04987 NGN , which represents a -52.37% change from its current value. Over the last year, BonFi has changed by
-
0.02918NGN
, resulting in a change of -55.13% in its value.
24 hours ago1 month ago1 year ago
Amount16:23 today24 hours ago24h change
0.5 BNF₦0.01188₦0.01187
+0.05%
1 BNF₦0.02376₦0.02374
+0.05%
5 BNF₦0.1188₦0.1187
+0.05%
10 BNF₦0.2376₦0.2374
+0.05%
50 BNF₦1.19₦1.19
+0.05%
100 BNF₦2.38₦2.37
+0.05%
500 BNF₦11.88₦11.87
+0.05%
1000 BNF₦23.76₦23.74
+0.05%

BNF to NGN FAQ

How much is 1 BonFi in NGN?
Right now, the price of 1 BonFi (BNF) in Nigerian Naira (NGN) is ₦0.02376.
How much BNF can I buy for 1 NGN?
Based on the current exchange rate, you can get 42.1 BNF for 1 NGN.
How do I calculate or convert BNF to NGN?
You can use our BNF to NGN calculator at the top of this page to convert any amount of BNF to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 210.48 BNF, while 5 BNF will cost around 0.1188NGN.
What is the highest price of BNF/NGN in history?
The all-time high price of 1 BNF in NGN is ₦82.35. It remains to be seen if the value of 1 BNF/NGN will exceed the current all-time high.
What is the price trend of BonFi in NGN?
Over the past 7 days, the exchange rate of BonFi (BNF) has gone up by 0.02%.   Over the last month, the exchange rate of BonFi (BNF) has gone down by 52.37% against Nigerian Naira (NGN).

What factors influence the conversion rate of BNF to NGN?

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