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MBOX to NGN Converter and calculator

MBOX/NGN: 1 MBOX = 58.68 NGN. The price of converting 1 MOBOX (MBOX) to Nigerian Naira (NGN) is 58.68 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 MBOX to NGN real-time exchange rates, making it easy to convert MOBOX (MBOX) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MBOX is currently valued at 58.68 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MBOX is currently valued at 58.68 NGN, which means buying 5 MBOX would cost 293.41 NGN. Similarly, ₦1 NGN can be converted to 0.01704 MBOX, and ₦50 NGN can be converted to 0.08520 MBOX, excluding any platform or gas fees.

Convert MBOX to NGN

Convert NGN to MBOX

MOBOX
Nigerian Naira
1 MBOX
58.68  NGN
Exchange 1 MBOX for 58.68 NGN
2 MBOX
117.37  NGN
Exchange 2 MBOX for 117.37 NGN
5 MBOX
293.41  NGN
Exchange 5 MBOX for 293.41 NGN
10 MBOX
586.83  NGN
Exchange 10 MBOX for 586.83 NGN
20 MBOX
1,173.66  NGN
Exchange 20 MBOX for 1,173.66 NGN
50 MBOX
2,934.14  NGN
Exchange 50 MBOX for 2,934.14 NGN
100 MBOX
5,868.28  NGN
Exchange 100 MBOX for 5,868.28 NGN
200 MBOX
11,736.57  NGN
Exchange 200 MBOX for 11,736.57 NGN
500 MBOX
29,341.42  NGN
Exchange 500 MBOX for 29,341.42 NGN
1000 MBOX
58,682.83  NGN
Exchange 1000 MBOX for 58,682.83 NGN
5000 MBOX
293,414.16  NGN
Exchange 5000 MBOX for 293,414.16 NGN
10000 MBOX
586,828.32  NGN
Exchange 10000 MBOX for 586,828.32 NGN
In the table above, you'll find a comprehensive MBOX to NGN converter that shows the value of MOBOX in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MBOX to NGN, all the way up to 10000 MBOX, providing a clear view of their respective values.
Nigerian Naira
MOBOX
1 NGN
0.01704 MBOX
Exchange 1 NGN for 0.01704 MBOX
10 NGN
0.1704 MBOX
Exchange 10 NGN for 0.1704 MBOX
50 NGN
0.8520 MBOX
Exchange 50 NGN for 0.8520 MBOX
100 NGN
1.7 MBOX
Exchange 100 NGN for 1.7 MBOX
200 NGN
3.41 MBOX
Exchange 200 NGN for 3.41 MBOX
500 NGN
8.52 MBOX
Exchange 500 NGN for 8.52 MBOX
1000 NGN
17.04 MBOX
Exchange 1000 NGN for 17.04 MBOX
2000 NGN
34.08 MBOX
Exchange 2000 NGN for 34.08 MBOX
5000 NGN
85.2 MBOX
Exchange 5000 NGN for 85.2 MBOX
10000 NGN
170.41 MBOX
Exchange 10000 NGN for 170.41 MBOX
50000 NGN
852.04 MBOX
Exchange 50000 NGN for 852.04 MBOX
100000 NGN
1,704.08 MBOX
Exchange 100000 NGN for 1,704.08 MBOX
In the table above, you'll find a comprehensive NGN to MBOX converter that shows the value of Nigerian Naira in MOBOX across commonly used conversion amounts. The list covers conversions from 1 NGN to MBOX, all the way up to 100000 NGN, providing a clear view of their respective values.

MBOX to NGN chart

MBOX/NGN: 1 MBOX = 58.68 NGN; 2025/11/16 06:51:47
In the past 1D, MOBOX has changed -0.99% to NGN. Based on the trend and price charts, MOBOX(MBOX) has changed -0.99% to NGN while Nigerian Naira(NGN) has changed % to MBOX in the last 24 hours.
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MBOX to NGN conversion data: Volatility and price changes of MOBOX in NGN

The highest MOBOX price in NGN over the past 7 days was 67.18 NGN while the lowest MOBOX price in NGN over the past 7 days was 56.79 NGN. The relative change between the highs and lows in MOBOX price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MBOX 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
59.63 NGN
67.18 NGN
77.39 NGN
118.29 NGN
Low
57.55 NGN
56.79 NGN
54.48 NGN
42.18 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.99%
-10.60%
-19.60%
-30.01%

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MOBOX information

MBOX to NGN market statistics

MBOX/NGN:
₦58.68
MBOX 24h volume:
₦4,133,134,413.74
MBOX market cap:
₦29,360,340,105.07
MBOX circulating supply:
500.32M MBOX

Current MBOX to NGN exchange rate

MOBOX to Nigerian Naira is falling this week.
MOBOX's current market price is ₦58.68 per MBOX, with a total market cap of ₦29,360,340,105.07 NGN based on a circulating supply of 500,322,460 MBOX. The trading volume of MOBOX has changed by -30.93% (₦-1,851,148,000.66 NGN) in the last 24 hours. Last trading day, MBOX's trading volume was ₦5,984,282,414.4.

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

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How to convert MBOX to NGN

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MBOX to NGN Conversion tables

The exchange rate of MOBOX is decreasing.
The exchange rate of 1 MBOX to Nigerian Naira has changed by -10.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.99%, reaching a high of 59.63 NGN and a low of 57.55 NGN . One month ago, the value of 1 MBOX was ₦72.99 NGN , which represents a -19.60% change from its current value. Over the last year, MOBOX has changed by
-
199.88NGN
, resulting in a change of -77.30% in its value.
24 hours ago1 month ago1 year ago
Amount 06:51 am today 24 hours ago 24h change
0.5 MBOX
₦29.34₦29.63
-0.99%
1 MBOX
₦58.68₦59.27
-0.99%
5 MBOX
₦293.41₦296.34
-0.99%
10 MBOX
₦586.83₦592.69
-0.99%
50 MBOX
₦2,934.14₦2,963.43
-0.99%
100 MBOX
₦5,868.28₦5,926.86
-0.99%
500 MBOX
₦29,341.42₦29,634.32
-0.99%
1000 MBOX
₦58,682.83₦59,268.65
-0.99%

MBOX to NGN FAQ

How much is 1 MOBOX in NGN?
Right now, the price of 1 MOBOX (MBOX) in Nigerian Naira (NGN) is ₦58.68.
How much MBOX can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.01704 MBOX for 1 NGN.
How do I calculate or convert MBOX to NGN?
You can use our MBOX to NGN calculator at the top of this page to convert any amount of MBOX to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.08520 MBOX, while 5 MBOX will cost around 293.41NGN.
What is the highest price of MBOX/NGN in history?
The all-time high price of 1 MBOX in NGN is ₦22,601.21. It remains to be seen if the value of 1 MBOX/NGN will exceed the current all-time high.
What is the price trend of MOBOX in NGN?
Over the past 7 days, the exchange rate of MOBOX (MBOX) has gone down by 10.60%.   Over the last month, the exchange rate of MOBOX (MBOX) has gone down by 19.60% against Nigerian Naira (NGN).

What factors influence the conversion rate of MBOX to NGN?

There are many factors that affect the relationship between MOBOX 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 MBOX/NGN. When there is positive news in the market about the widespread adoption of MBOX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MBOX/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MBOX/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 MBOX/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 MOBOX 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 MOBOX currency pairs: MBOX to US Dollar (USD), MBOX to Euro (EUR), MBOX to Pound Sterling (GBP), MBOX to Canadian Dollar (CAD), MBOX to Indian Rupee (INR), MBOX to Pakistani Rupee (PKR), MBOX to Brazilian Real (BRL), MBOX to…
The price of MOBOX in the US is $0.04072 USD. Additionally, MOBOX’s price is €0.03503 EUR in the eurozone, £0.03094 GBP in the UK, C$0.05714 CAD in Canada, ₹3.61 INR in India, ₨11.5 PKR in Pakistan, R$0.2157 BRL in Brazil, and more.
The most popular MOBOX currency pair is the MBOX to Nigerian Naira(NGN). The price of 1 MOBOX (MBOX) in Nigerian Naira (NGN) is ₦58.68.

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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.