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MBS to NGN Converter and calculator

MBS/NGN: 1 MBS = 0.04126 NGN. The price of converting 1 Mahabibi Bin Solman (MBS) to Nigerian Naira (NGN) is 0.04126 NGN today.
MBS
MBS
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MBS to NGN real-time exchange rates, making it easy to convert Mahabibi Bin Solman (MBS) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MBS is currently valued at 0.04126 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MBS is currently valued at 0.04126 NGN, which means buying 5 MBS would cost 0.2063 NGN. Similarly, ₦1 NGN can be converted to 24.24 MBS, and ₦50 NGN can be converted to 121.19 MBS, excluding any platform or gas fees.

Convert MBS to NGN

Convert NGN to MBS

Mahabibi Bin Solman
Nigerian Naira
10000 MBS
412.58  NGN
In the table above, you'll find a comprehensive MBS to NGN converter that shows the value of Mahabibi Bin Solman in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MBS to NGN, all the way up to 10000 MBS, providing a clear view of their respective values.
Nigerian Naira
Mahabibi Bin Solman
5000 NGN
121,188.37 MBS
10000 NGN
242,376.74 MBS
50000 NGN
1,211,883.7 MBS
100000 NGN
2,423,767.4 MBS
In the table above, you'll find a comprehensive NGN to MBS converter that shows the value of Nigerian Naira in Mahabibi Bin Solman across commonly used conversion amounts. The list covers conversions from 1 NGN to MBS, all the way up to 100000 NGN, providing a clear view of their respective values.

MBS to NGN chart

MBS/NGN: 1 MBS = 0.04126 NGN; 2025/06/14 09:43:34
In the past 1D, Mahabibi Bin Solman has changed +2.53% to NGN. Based on the trend and price charts, Mahabibi Bin Solman(MBS) has changed +2.53% to NGN while Nigerian Naira(NGN) has changed % to MBS in the last 24 hours.
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MBS to NGN conversion data: Volatility and price changes of Mahabibi Bin Solman in NGN

The highest Mahabibi Bin Solman price in NGN over the past 7 days was 0.04776 NGN while the lowest Mahabibi Bin Solman price in NGN over the past 7 days was 0.04264 NGN. The relative change between the highs and lows in Mahabibi Bin Solman price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MBS 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
0.04372 NGN
0.04776 NGN
0.05545 NGN
0.05545 NGN
Low
0.04264 NGN
0.04264 NGN
0.03697 NGN
0.02474 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+2.53%
-17.34%
+12.21%
-7.80%

Mahabibi Bin Solman information

MBS to NGN market statistics

MBS/NGN:
₦0.04126
MBS 24h volume:
--
MBS market cap:
--
MBS circulating supply:
0 MBS

Current MBS to NGN exchange rate

Mahabibi Bin Solman to Nigerian Naira is falling this week.
Mahabibi Bin Solman's current market price is ₦0.04126 per MBS, with a total market cap of ₦0 NGN based on a circulating supply of -- MBS. The trading volume of Mahabibi Bin Solman has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, MBS's trading volume was ₦0.

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

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How to convert MBS to NGN

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MBS to NGN Conversion tables

The exchange rate of Mahabibi Bin Solman is increasing.
The exchange rate of 1 MBS to Nigerian Naira has changed by -17.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.53%, reaching a high of 0.04372 NGN and a low of 0.04264 NGN . One month ago, the value of 1 MBS was ₦0.03650 NGN , which represents a +12.21% change from its current value. Over the last year, Mahabibi Bin Solman has changed by
-
0.6727NGN
, resulting in a change of -93.90% in its value.
24 hours ago1 month ago1 year ago
Amount 09:43 am today 24 hours ago 24h change
0.5 MBS
₦0.02063₦0.02009
+2.53%
1 MBS
₦0.04126₦0.04018
+2.53%
5 MBS
₦0.2063₦0.2009
+2.53%
10 MBS
₦0.4126₦0.4018
+2.53%
50 MBS
₦2.06₦2.01
+2.53%
100 MBS
₦4.13₦4.02
+2.53%
500 MBS
₦20.63₦20.09
+2.53%
1000 MBS
₦41.26₦40.18
+2.53%

MBS to NGN FAQ

How much is 1 Mahabibi Bin Solman in NGN?
Right now, the price of 1 Mahabibi Bin Solman (MBS) in Nigerian Naira (NGN) is ₦0.04126.
How much MBS can I buy for 1 NGN?
Based on the current exchange rate, you can get 24.24 MBS for 1 NGN.
How do I calculate or convert MBS to NGN?
You can use our MBS to NGN calculator at the top of this page to convert any amount of MBS to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 121.19 MBS, while 5 MBS will cost around 0.2063NGN.
What is the highest price of MBS/NGN in history?
The all-time high price of 1 MBS in NGN is ₦2.86. It remains to be seen if the value of 1 MBS/NGN will exceed the current all-time high.
What is the price trend of Mahabibi Bin Solman in NGN?
Over the past 7 days, the exchange rate of Mahabibi Bin Solman (MBS) has gone down by 17.34%.   Over the last month, the exchange rate of Mahabibi Bin Solman (MBS) has gone up by 12.21% against Nigerian Naira (NGN).

What factors influence the conversion rate of MBS to NGN?

There are many factors that affect the relationship between Mahabibi Bin Solman 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 MBS/NGN. When there is positive news in the market about the widespread adoption of MBS or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MBS/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MBS/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 MBS/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 Mahabibi Bin Solman 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 Mahabibi Bin Solman currency pairs: MBS to US Dollar (USD), MBS to Euro (EUR), MBS to Pound Sterling (GBP), MBS to Canadian Dollar (CAD), MBS to Indian Rupee (INR), MBS to Pakistani Rupee (PKR), MBS to Brazilian Real (BRL), MBS to…
The price of Mahabibi Bin Solman in the US is $0.{4}2675 USD. Additionally, Mahabibi Bin Solman’s price is €0.{4}2316 EUR in the eurozone, £0.{4}1972 GBP in the UK, C$0.{4}3635 CAD in Canada, ₹0.002304 INR in India, ₨0.007569 PKR in Pakistan, R$0.0001484 BRL in Brazil, and more.
The most popular Mahabibi Bin Solman currency pair is the MBS to Nigerian Naira(NGN). The price of 1 Mahabibi Bin Solman (MBS) in Nigerian Naira (NGN) is ₦0.04126.

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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.