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ALGO to NGN Converter and calculator

ALGO/NGN: 1 ALGO = 257.87 NGN. The price of converting 1 Algorand (ALGO) to Nigerian Naira (NGN) is 257.87 NGN today.
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides ALGO to NGN real-time exchange rates, making it easy to convert Algorand (ALGO) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 ALGO is currently valued at 257.87 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ALGO is currently valued at 257.87 NGN, which means buying 5 ALGO would cost 1,289.36 NGN. Similarly, ₦1 NGN can be converted to 0.003878 ALGO, and ₦50 NGN can be converted to 0.01939 ALGO, excluding any platform or gas fees.
Algorand (ALGO) has been listed in the Innovation and Layer1 Zone. You can quickly sell or buy ALGO. Spot Trading Link:  ALGO/USDT.
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Convert ALGO to NGN

Convert NGN to ALGO

Algorand
Nigerian Naira
1 ALGO
257.87  NGN
Exchange 1 ALGO for 257.87 NGN
2 ALGO
515.74  NGN
Exchange 2 ALGO for 515.74 NGN
5 ALGO
1,289.36  NGN
Exchange 5 ALGO for 1,289.36 NGN
10 ALGO
2,578.71  NGN
Exchange 10 ALGO for 2,578.71 NGN
20 ALGO
5,157.43  NGN
Exchange 20 ALGO for 5,157.43 NGN
50 ALGO
12,893.57  NGN
Exchange 50 ALGO for 12,893.57 NGN
100 ALGO
25,787.14  NGN
Exchange 100 ALGO for 25,787.14 NGN
200 ALGO
51,574.28  NGN
Exchange 200 ALGO for 51,574.28 NGN
500 ALGO
128,935.69  NGN
Exchange 500 ALGO for 128,935.69 NGN
1000 ALGO
257,871.38  NGN
Exchange 1000 ALGO for 257,871.38 NGN
5000 ALGO
1,289,356.89  NGN
Exchange 5000 ALGO for 1,289,356.89 NGN
10000 ALGO
2,578,713.79  NGN
Exchange 10000 ALGO for 2,578,713.79 NGN
In the table above, you'll find a comprehensive ALGO to NGN converter that shows the value of Algorand in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 ALGO to NGN, all the way up to 10000 ALGO, providing a clear view of their respective values.
Nigerian Naira
Algorand
1 NGN
0.003878 ALGO
Exchange 1 NGN for 0.003878 ALGO
10 NGN
0.03878 ALGO
Exchange 10 NGN for 0.03878 ALGO
50 NGN
0.1939 ALGO
Exchange 50 NGN for 0.1939 ALGO
100 NGN
0.3878 ALGO
Exchange 100 NGN for 0.3878 ALGO
200 NGN
0.7756 ALGO
Exchange 200 NGN for 0.7756 ALGO
500 NGN
1.94 ALGO
Exchange 500 NGN for 1.94 ALGO
1000 NGN
3.88 ALGO
Exchange 1000 NGN for 3.88 ALGO
2000 NGN
7.76 ALGO
Exchange 2000 NGN for 7.76 ALGO
5000 NGN
19.39 ALGO
Exchange 5000 NGN for 19.39 ALGO
10000 NGN
38.78 ALGO
Exchange 10000 NGN for 38.78 ALGO
50000 NGN
193.9 ALGO
Exchange 50000 NGN for 193.9 ALGO
100000 NGN
387.79 ALGO
Exchange 100000 NGN for 387.79 ALGO
In the table above, you'll find a comprehensive NGN to ALGO converter that shows the value of Nigerian Naira in Algorand across commonly used conversion amounts. The list covers conversions from 1 NGN to ALGO, all the way up to 100000 NGN, providing a clear view of their respective values.

ALGO to NGN chart

ALGO/NGN: 1 ALGO = 257.87 NGN; 2025/11/11 08:14:14
In the past 1D, Algorand has changed +0.06% to NGN. Based on the trend and price charts, Algorand(ALGO) has changed +0.06% to NGN while Nigerian Naira(NGN) has changed % to ALGO in the last 24 hours.
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ALGO to NGN conversion data: Volatility and price changes of Algorand in NGN

The highest Algorand price in NGN over the past 7 days was 275.82 NGN while the lowest Algorand price in NGN over the past 7 days was 210.32 NGN. The relative change between the highs and lows in Algorand price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and ALGO to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
275.82 NGN
275.82 NGN
308.81 NGN
416.33 NGN
Low
260.28 NGN
210.32 NGN
210.32 NGN
173.87 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.06%
+17.72%
-3.51%
-32.42%

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Algorand information

ALGO to NGN market statistics

ALGO/NGN:
₦257.87
ALGO 24h volume:
₦147,586,550,104.25
ALGO market cap:
₦2,267,514,117,943.36
ALGO circulating supply:
8.79B ALGO

Current ALGO to NGN exchange rate

Algorand to Nigerian Naira is rising this week.
Algorand's current market price is ₦257.87 per ALGO, with a total market cap of ₦2,267,514,117,943.36 NGN based on a circulating supply of 8,793,199,000 ALGO. The trading volume of Algorand has changed by +37.60% (₦40,330,363,885.71 NGN) in the last 24 hours. Last trading day, ALGO's trading volume was ₦107,256,186,218.54.

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

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ALGO to NGN Conversion tables

The exchange rate of Algorand is decreasing.
The exchange rate of 1 ALGO to Nigerian Naira has changed by +17.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.06%, reaching a high of 275.82 NGN and a low of 260.28 NGN . One month ago, the value of 1 ALGO was ₦267.4 NGN , which represents a -3.51% change from its current value. Over the last year, Algorand has changed by
+
54.94NGN
, resulting in a change of +26.57% in its value.
24 hours ago1 month ago1 year ago
Amount 08:14 am today 24 hours ago 24h change
0.5 ALGO
₦128.94₦128.85
+0.06%
1 ALGO
₦257.87₦257.71
+0.06%
5 ALGO
₦1,289.36₦1,288.54
+0.06%
10 ALGO
₦2,578.71₦2,577.09
+0.06%
50 ALGO
₦12,893.57₦12,885.43
+0.06%
100 ALGO
₦25,787.14₦25,770.86
+0.06%
500 ALGO
₦128,935.69₦128,854.29
+0.06%
1000 ALGO
₦257,871.38₦257,708.58
+0.06%

ALGO to NGN FAQ

How much is 1 Algorand in NGN?
Right now, the price of 1 Algorand (ALGO) in Nigerian Naira (NGN) is ₦257.87.
How much ALGO can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.003878 ALGO for 1 NGN.
How do I calculate or convert ALGO to NGN?
You can use our ALGO to NGN calculator at the top of this page to convert any amount of ALGO to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.01939 ALGO, while 5 ALGO will cost around 1,289.36NGN.
What is the highest price of ALGO/NGN in history?
The all-time high price of 1 ALGO in NGN is ₦4,717.82. It remains to be seen if the value of 1 ALGO/NGN will exceed the current all-time high.
What is the price trend of Algorand in NGN?
Over the past 7 days, the exchange rate of Algorand (ALGO) has gone up by 17.72%.   Over the last month, the exchange rate of Algorand (ALGO) has gone down by 3.51% against Nigerian Naira (NGN).

What factors influence the conversion rate of ALGO to NGN?

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

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Algorand currency pairs: ALGO to US Dollar (USD), ALGO to Euro (EUR), ALGO to Pound Sterling (GBP), ALGO to Canadian Dollar (CAD), ALGO to Indian Rupee (INR), ALGO to Pakistani Rupee (PKR), ALGO to Brazilian Real (BRL), ALGO to…
The price of Algorand in the US is $0.1793 USD. Additionally, Algorand’s price is €0.1551 EUR in the eurozone, £0.1365 GBP in the UK, C$0.2516 CAD in Canada, ₹15.9 INR in India, ₨50.39 PKR in Pakistan, R$0.9488 BRL in Brazil, and more.
The most popular Algorand currency pair is the ALGO to Nigerian Naira(NGN). The price of 1 Algorand (ALGO) in Nigerian Naira (NGN) is ₦257.87.

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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.