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EFI to NGN Converter and calculator

EFI/NGN: 1 EFI = 171.05 NGN. The price of converting 1 Efinity Token (EFI) to Nigerian Naira (NGN) is 171.05 NGN today.
EFI
EFI
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides EFI to NGN real-time exchange rates, making it easy to convert Efinity Token (EFI) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 EFI is currently valued at 171.05 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 EFI is currently valued at 171.05 NGN, which means buying 5 EFI would cost 855.24 NGN. Similarly, ₦1 NGN can be converted to 0.005846 EFI, and ₦50 NGN can be converted to 0.02923 EFI, excluding any platform or gas fees.

Convert EFI to NGN

Convert NGN to EFI

Efinity Token
Nigerian Naira
100 EFI
17,104.72  NGN
200 EFI
34,209.45  NGN
500 EFI
85,523.62  NGN
1000 EFI
171,047.24  NGN
5000 EFI
855,236.18  NGN
10000 EFI
1,710,472.36  NGN
In the table above, you'll find a comprehensive EFI to NGN converter that shows the value of Efinity Token in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 EFI to NGN, all the way up to 10000 EFI, providing a clear view of their respective values.
Nigerian Naira
Efinity Token
In the table above, you'll find a comprehensive NGN to EFI converter that shows the value of Nigerian Naira in Efinity Token across commonly used conversion amounts. The list covers conversions from 1 NGN to EFI, all the way up to 100000 NGN, providing a clear view of their respective values.

EFI to NGN chart

EFI/NGN: 1 EFI = 171.05 NGN; 2025/04/29 23:23:46
In the past 1D, Efinity Token has changed +0.01% to NGN. Based on the trend and price charts, Efinity Token(EFI) has changed +0.01% to NGN while Nigerian Naira(NGN) has changed % to EFI in the last 24 hours.
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EFI to NGN conversion data: Volatility and price changes of Efinity Token in NGN

The highest Efinity Token price in NGN over the past 7 days was 171.17 NGN while the lowest Efinity Token price in NGN over the past 7 days was 170.92 NGN. The relative change between the highs and lows in Efinity Token price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and EFI 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
171.12 NGN
171.17 NGN
171.17 NGN
171.17 NGN
Low
171.02 NGN
170.92 NGN
140.51 NGN
138.78 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.01%
+0.01%
+21.67%
+11.56%

Efinity Token information

EFI to NGN market statistics

EFI/NGN:
₦171.05
EFI 24h volume:
--
EFI market cap:
₦14,866,594,247.92
EFI circulating supply:
86.92M EFI

Current EFI to NGN exchange rate

Efinity Token to Nigerian Naira is rising this week.
Efinity Token's current market price is ₦171.05 per EFI, with a total market cap of ₦14,866,594,247.92 NGN based on a circulating supply of 86,915,140 EFI. The trading volume of Efinity Token has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, EFI's trading volume was ₦0.

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

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How to convert EFI to NGN

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EFI to NGN Conversion tables

The exchange rate of Efinity Token is increasing.
The exchange rate of 1 EFI to Nigerian Naira has changed by +0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 171.12 NGN and a low of 171.02 NGN . One month ago, the value of 1 EFI was ₦140.58 NGN , which represents a +21.67% change from its current value. Over the last year, Efinity Token has changed by
+
12.07NGN
, resulting in a change of +7.59% in its value.
24 hours ago1 month ago1 year ago
Amount23:23 today24 hours ago24h change
0.5 EFI₦85.52₦85.51
+0.01%
1 EFI₦171.05₦171.03
+0.01%
5 EFI₦855.24₦855.13
+0.01%
10 EFI₦1,710.47₦1,710.27
+0.01%
50 EFI₦8,552.36₦8,551.33
+0.01%
100 EFI₦17,104.72₦17,102.66
+0.01%
500 EFI₦85,523.62₦85,513.3
+0.01%
1000 EFI₦171,047.24₦171,026.6
+0.01%

EFI to NGN FAQ

How much is 1 Efinity Token in NGN?
Right now, the price of 1 Efinity Token (EFI) in Nigerian Naira (NGN) is ₦171.05.
How much EFI can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.005846 EFI for 1 NGN.
How do I calculate or convert EFI to NGN?
You can use our EFI to NGN calculator at the top of this page to convert any amount of EFI to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.02923 EFI, while 5 EFI will cost around 855.24NGN.
What is the highest price of EFI/NGN in history?
The all-time high price of 1 EFI in NGN is ₦5,403.65. It remains to be seen if the value of 1 EFI/NGN will exceed the current all-time high.
What is the price trend of Efinity Token in NGN?
Over the past 7 days, the exchange rate of Efinity Token (EFI) has gone up by 0.01%.   Over the last month, the exchange rate of Efinity Token (EFI) has gone up by 21.67% against Nigerian Naira (NGN).

What factors influence the conversion rate of EFI to NGN?

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