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FRIC to NGN Converter and calculator

FRIC/NGN: 1 FRIC = 0.4651 NGN. The price of converting 1 Frictionless (FRIC) to Nigerian Naira (NGN) is 0.4651 NGN today.
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NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides FRIC to NGN real-time exchange rates, making it easy to convert Frictionless (FRIC) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 FRIC is currently valued at 0.4651 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 FRIC is currently valued at 0.4651 NGN, which means buying 5 FRIC would cost 2.33 NGN. Similarly, ₦1 NGN can be converted to 2.15 FRIC, and ₦50 NGN can be converted to 10.75 FRIC, excluding any platform or gas fees.

Convert FRIC to NGN

Convert NGN to FRIC

Frictionless
Nigerian Naira
1 FRIC
0.4651  NGN
Exchange 1 FRIC for 0.4651 NGN
2 FRIC
0.9302  NGN
Exchange 2 FRIC for 0.9302 NGN
5 FRIC
2.33  NGN
Exchange 5 FRIC for 2.33 NGN
10 FRIC
4.65  NGN
Exchange 10 FRIC for 4.65 NGN
20 FRIC
9.3  NGN
Exchange 20 FRIC for 9.3 NGN
50 FRIC
23.25  NGN
Exchange 50 FRIC for 23.25 NGN
100 FRIC
46.51  NGN
Exchange 100 FRIC for 46.51 NGN
200 FRIC
93.02  NGN
Exchange 200 FRIC for 93.02 NGN
500 FRIC
232.55  NGN
Exchange 500 FRIC for 232.55 NGN
1000 FRIC
465.09  NGN
Exchange 1000 FRIC for 465.09 NGN
5000 FRIC
2,325.46  NGN
Exchange 5000 FRIC for 2,325.46 NGN
10000 FRIC
4,650.92  NGN
Exchange 10000 FRIC for 4,650.92 NGN
In the table above, you'll find a comprehensive FRIC to NGN converter that shows the value of Frictionless in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 FRIC to NGN, all the way up to 10000 FRIC, providing a clear view of their respective values.
Nigerian Naira
Frictionless
1 NGN
2.15 FRIC
Exchange 1 NGN for 2.15 FRIC
10 NGN
21.5 FRIC
Exchange 10 NGN for 21.5 FRIC
50 NGN
107.51 FRIC
Exchange 50 NGN for 107.51 FRIC
100 NGN
215.01 FRIC
Exchange 100 NGN for 215.01 FRIC
200 NGN
430.02 FRIC
Exchange 200 NGN for 430.02 FRIC
500 NGN
1,075.06 FRIC
Exchange 500 NGN for 1,075.06 FRIC
1000 NGN
2,150.11 FRIC
Exchange 1000 NGN for 2,150.11 FRIC
2000 NGN
4,300.23 FRIC
Exchange 2000 NGN for 4,300.23 FRIC
5000 NGN
10,750.56 FRIC
Exchange 5000 NGN for 10,750.56 FRIC
10000 NGN
21,501.13 FRIC
Exchange 10000 NGN for 21,501.13 FRIC
50000 NGN
107,505.64 FRIC
Exchange 50000 NGN for 107,505.64 FRIC
100000 NGN
215,011.27 FRIC
Exchange 100000 NGN for 215,011.27 FRIC
In the table above, you'll find a comprehensive NGN to FRIC converter that shows the value of Nigerian Naira in Frictionless across commonly used conversion amounts. The list covers conversions from 1 NGN to FRIC, all the way up to 100000 NGN, providing a clear view of their respective values.

FRIC to NGN chart

FRIC/NGN: 1 FRIC = 0.4651 NGN; 2025/11/15 03:55:05
In the past 1D, Frictionless has changed -1.06% to NGN. Based on the trend and price charts, Frictionless(FRIC) has changed -1.06% to NGN while Nigerian Naira(NGN) has changed % to FRIC in the last 24 hours.
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FRIC to NGN conversion data: Volatility and price changes of Frictionless in NGN

The highest Frictionless price in NGN over the past 7 days was 0.5490 NGN while the lowest Frictionless price in NGN over the past 7 days was 0.4506 NGN. The relative change between the highs and lows in Frictionless price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and FRIC 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
0.4767 NGN
0.5490 NGN
0.6735 NGN
1.14 NGN
Low
0.4506 NGN
0.4506 NGN
0.3847 NGN
0.3847 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-1.06%
-12.06%
-30.49%
-55.42%

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Frictionless information

FRIC to NGN market statistics

FRIC/NGN:
₦0.4651
FRIC 24h volume:
--
FRIC market cap:
--
FRIC circulating supply:
0 FRIC

Current FRIC to NGN exchange rate

Frictionless to Nigerian Naira is falling this week.
Frictionless's current market price is ₦0.4651 per FRIC, with a total market cap of ₦0 NGN based on a circulating supply of -- FRIC. The trading volume of Frictionless has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, FRIC's trading volume was ₦0.

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

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FRIC to NGN Conversion tables

The exchange rate of Frictionless is decreasing.
The exchange rate of 1 FRIC to Nigerian Naira has changed by -12.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.06%, reaching a high of 0.4767 NGN and a low of 0.4506 NGN . One month ago, the value of 1 FRIC was ₦0.6684 NGN , which represents a -30.49% change from its current value. Over the last year, Frictionless has changed by
-
1.99NGN
, resulting in a change of -81.12% in its value.
24 hours ago1 month ago1 year ago
Amount 03:55 am today 24 hours ago 24h change
0.5 FRIC
₦0.2325₦0.2350
-1.06%
1 FRIC
₦0.4651₦0.4700
-1.06%
5 FRIC
₦2.33₦2.35
-1.06%
10 FRIC
₦4.65₦4.7
-1.06%
50 FRIC
₦23.25₦23.5
-1.06%
100 FRIC
₦46.51₦47
-1.06%
500 FRIC
₦232.55₦235.02
-1.06%
1000 FRIC
₦465.09₦470.04
-1.06%

FRIC to NGN FAQ

How much is 1 Frictionless in NGN?
Right now, the price of 1 Frictionless (FRIC) in Nigerian Naira (NGN) is ₦0.4651.
How much FRIC can I buy for 1 NGN?
Based on the current exchange rate, you can get 2.15 FRIC for 1 NGN.
How do I calculate or convert FRIC to NGN?
You can use our FRIC to NGN calculator at the top of this page to convert any amount of FRIC to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 10.75 FRIC, while 5 FRIC will cost around 2.33NGN.
What is the highest price of FRIC/NGN in history?
The all-time high price of 1 FRIC in NGN is ₦17.3. It remains to be seen if the value of 1 FRIC/NGN will exceed the current all-time high.
What is the price trend of Frictionless in NGN?
Over the past 7 days, the exchange rate of Frictionless (FRIC) has gone down by 12.06%.   Over the last month, the exchange rate of Frictionless (FRIC) has gone down by 30.49% against Nigerian Naira (NGN).

What factors influence the conversion rate of FRIC to NGN?

There are many factors that affect the relationship between Frictionless 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 FRIC/NGN. When there is positive news in the market about the widespread adoption of FRIC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of FRIC/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in FRIC/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 FRIC/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 Frictionless 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 Frictionless currency pairs: FRIC to US Dollar (USD), FRIC to Euro (EUR), FRIC to Pound Sterling (GBP), FRIC to Canadian Dollar (CAD), FRIC to Indian Rupee (INR), FRIC to Pakistani Rupee (PKR), FRIC to Brazilian Real (BRL), FRIC to…
The price of Frictionless in the US is $0.0003228 USD. Additionally, Frictionless’s price is €0.0002777 EUR in the eurozone, £0.0002453 GBP in the UK, C$0.0004530 CAD in Canada, ₹0.02863 INR in India, ₨0.09120 PKR in Pakistan, R$0.001710 BRL in Brazil, and more.
The most popular Frictionless currency pair is the FRIC to Nigerian Naira(NGN). The price of 1 Frictionless (FRIC) in Nigerian Naira (NGN) is ₦0.4651.

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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.