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Umi Digital to Nigerian Naira Converter and calculator

Convert 1Umi Digital (UMI) to Nigerian Naira (NGN) equals ₦ 0.{4}8886 | Bitget
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Last updated as of 2025/02/28 01:02:22 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Umi Digital(UMI) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 UMI at a value of 1 UMI for 0.00 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 Umi Digital currency pair is the UMI to NGN, with for Umi Digital's currency code being UMI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

UMI to NGN conversion rate trend

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In the past 1D, Umi Digital has changed -53.61% to NGN. Based on the trend and price charts, Umi Digital(UMI) has changed -53.61% to NGN while Nigerian Naira(NGN) has changed +115.56% to UMI in the last 24 hours.

How to buy Umi Digital

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Buy Umi Digital (UMI)
Use a variety of payment options to buy Umi Digital on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of UMI with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy UMI with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
K
KB_BUSINESS_EXCHANGE
0 tradesCompletion rate 0.00%
311.88 HUF
Amount98149.17 USDT
Limit300000 - 18500000 HUF
ZenBank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolut
Buy
X
XCIXXGolden merchant
393 tradesCompletion rate 97.00%
280 HUF
Amount84914.61 USDT
Limit3700 - 400000 HUF
ZenBank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolutWISE
Buy
B
BGUSER-DRUL5A18
8 tradesCompletion rate 80.00%
280 HUF
Amount99111.89 USDT
Limit50000 - 1000000 HUF
ZenMKB BankCIB BankOTP BANKUniCredit BankRevolutWISE
Buy
B
BGUSER-DRUL5A18
8 tradesCompletion rate 80.00%
220 HUF
Amount99882.52 USDT
Limit10000 - 1000000 HUF
Bank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolut
Buy

Sell UMI (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of UMI to NGN. However, you can first exchange UMI for USDT in the Bitget spot market, and then sell USDT to NGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
K
KB_BUSINESS_EXCHANGE
0 tradesCompletion rate 0.00%
311.88 HUF
Amount98149.17 USDT
Limit300000 - 18500000 HUF
ZenBank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolut
Sell
X
XCIXXGolden merchant
393 tradesCompletion rate 97.00%
280 HUF
Amount84914.61 USDT
Limit3700 - 400000 HUF
ZenBank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolutWISE
Sell
B
BGUSER-DRUL5A18
8 tradesCompletion rate 80.00%
280 HUF
Amount99111.89 USDT
Limit50000 - 1000000 HUF
ZenMKB BankCIB BankOTP BANKUniCredit BankRevolutWISE
Sell
B
BGUSER-DRUL5A18
8 tradesCompletion rate 80.00%
220 HUF
Amount99882.52 USDT
Limit10000 - 1000000 HUF
Bank TransferMKB BankCIB BankOTP BANKUniCredit BankRevolut
Sell

What factors influence the conversion rate of Umi Digital to Nigerian Naira?

Umi Digital to Nigerian Naira is rising this week.
Umi Digital's current market price is ₦ 0.{4}8886 per UMI, with a total market cap of ₦ 0 NGN based on a circulating supply of -- UMI. The trading volume of Umi Digital has changed by +158.08% (₦ 1,791.11 NGN) in the last 24 hours. Last trading day, UMI's trading volume was ₦ 1,133.04.
Market cap
$0
24h volume
$1.95032667
Circulating supply
0 UMI
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Conversion tables

The exchange rate of Umi Digital is increasing.
1 UMI is currently valued at ₦ 0.{4}8886 NGN , which means buying 5 UMI will cost ₦ 0.0004443 NGN . Similarly, ₦1 NGN can be traded for 11,253.29 UMI, and ₦50 NGN can be converted to 562,664.64 UMI, excluding any platform or gas fees.
The exchange rate of 1 UMI to Nigerian Naira has changed by +1002.26% in the last 7 days. In the last 24 hours, the rate has fluctuated by -53.61%, reaching a high of 0.001622 NGN and a low of 0.0001844 NGN . One month ago, the value of 1 UMI was ₦ 0.{4}5121 NGN , which represents a +25.66% change from its current value. Over the last year, Umi Digital has changed by
-
0.002224NGN
, resulting in a change of -92.34% in its value.

UMI to NGN

Amount
01:02 am today
0.5 UMI
0.{4}4443
1 UMI
0.{4}8886
5 UMI
0.0004443
10 UMI
0.0008886
50 UMI
0.004443
100 UMI
0.008886
500 UMI
0.04443
1000 UMI
0.08886

NGN to UMI

Amount01:02 am today
0.5NGN5,626.65  UMI
1NGN11,253.29  UMI
5NGN56,266.46  UMI
10NGN112,532.93  UMI
50NGN562,664.64  UMI
100NGN1,125,329.29  UMI
500NGN5,626,646.44  UMI
1000NGN11,253,292.87  UMI

Today vs. 24 hours ago

Amount01:02 am today24 hours ago24h change
0.5 UMI$0.{7}2963$0.{6}1007
-53.61%
1 UMI$0.{7}5927$0.{6}2014
-53.61%
5 UMI$0.{6}2963$0.{5}1007
-53.61%
10 UMI$0.{6}5927$0.{5}2014
-53.61%
50 UMI$0.{5}2963$0.{4}1007
-53.61%
100 UMI$0.{5}5927$0.{4}2014
-53.61%
500 UMI$0.{4}2963$0.0001007
-53.61%
1000 UMI$0.{4}5927$0.0002014
-53.61%

Today vs. 1 month ago

Amount01:02 am today1 month ago1M change
0.5 UMI$0.{7}2963$0.{7}1708
+25.66%
1 UMI$0.{7}5927$0.{7}3416
+25.66%
5 UMI$0.{6}2963$0.{6}1708
+25.66%
10 UMI$0.{6}5927$0.{6}3416
+25.66%
50 UMI$0.{5}2963$0.{5}1708
+25.66%
100 UMI$0.{5}5927$0.{5}3416
+25.66%
500 UMI$0.{4}2963$0.{4}1708
+25.66%
1000 UMI$0.{4}5927$0.{4}3416
+25.66%

Today vs. 1 year ago

Amount01:02 am today1 year ago1Y change
0.5 UMI$0.{7}2963$0.{6}7713
-92.34%
1 UMI$0.{7}5927$0.{5}1543
-92.34%
5 UMI$0.{6}2963$0.{5}7713
-92.34%
10 UMI$0.{6}5927$0.{4}1543
-92.34%
50 UMI$0.{5}2963$0.{4}7713
-92.34%
100 UMI$0.{5}5927$0.0001543
-92.34%
500 UMI$0.{4}2963$0.0007713
-92.34%
1000 UMI$0.{4}5927$0.001543
-92.34%
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Umi Digital price prediction

What will the price of UMI be in 2026?

Based on UMI's historical price performance prediction model, the price of UMI is projected to reach $0.{6}1048 in 2026.

What will the price of UMI be in 2031?

In 2031, the UMI price is expected to change by +6.00%. By the end of 2031, the UMI price is projected to reach $0.{6}1752, with a cumulative ROI of +202.69%.
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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.