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MBG to NGN Converter and calculator

MBG/NGN: 1 MBG = 3,392.28 NGN. The price of converting 1 MultiBank Group (MBG) to Nigerian Naira (NGN) is 3,392.28 NGN today.
MBG
MBG
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MBG to NGN real-time exchange rates, making it easy to convert MultiBank Group (MBG) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MBG is currently valued at 3,392.28 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MBG is currently valued at 3,392.28 NGN, which means buying 5 MBG would cost 16,961.41 NGN. Similarly, ₦1 NGN can be converted to 0.0002948 MBG, and ₦50 NGN can be converted to 0.001474 MBG, excluding any platform or gas fees.

Convert MBG to NGN

Convert NGN to MBG

MultiBank Group
Nigerian Naira
1 MBG
3,392.28  NGN
Exchange 1 MBG for 3,392.28 NGN
2 MBG
6,784.57  NGN
Exchange 2 MBG for 6,784.57 NGN
5 MBG
16,961.41  NGN
Exchange 5 MBG for 16,961.41 NGN
10 MBG
33,922.83  NGN
Exchange 10 MBG for 33,922.83 NGN
20 MBG
67,845.65  NGN
Exchange 20 MBG for 67,845.65 NGN
50 MBG
169,614.13  NGN
Exchange 50 MBG for 169,614.13 NGN
100 MBG
339,228.26  NGN
Exchange 100 MBG for 339,228.26 NGN
200 MBG
678,456.51  NGN
Exchange 200 MBG for 678,456.51 NGN
500 MBG
1,696,141.28  NGN
Exchange 500 MBG for 1,696,141.28 NGN
1000 MBG
3,392,282.55  NGN
Exchange 1000 MBG for 3,392,282.55 NGN
5000 MBG
16,961,412.75  NGN
Exchange 5000 MBG for 16,961,412.75 NGN
10000 MBG
33,922,825.51  NGN
Exchange 10000 MBG for 33,922,825.51 NGN
In the table above, you'll find a comprehensive MBG to NGN converter that shows the value of MultiBank Group in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MBG to NGN, all the way up to 10000 MBG, providing a clear view of their respective values.
Nigerian Naira
MultiBank Group
1 NGN
0.0002948 MBG
Exchange 1 NGN for 0.0002948 MBG
10 NGN
0.002948 MBG
Exchange 10 NGN for 0.002948 MBG
50 NGN
0.01474 MBG
Exchange 50 NGN for 0.01474 MBG
100 NGN
0.02948 MBG
Exchange 100 NGN for 0.02948 MBG
200 NGN
0.05896 MBG
Exchange 200 NGN for 0.05896 MBG
500 NGN
0.1474 MBG
Exchange 500 NGN for 0.1474 MBG
1000 NGN
0.2948 MBG
Exchange 1000 NGN for 0.2948 MBG
2000 NGN
0.5896 MBG
Exchange 2000 NGN for 0.5896 MBG
5000 NGN
1.47 MBG
Exchange 5000 NGN for 1.47 MBG
10000 NGN
2.95 MBG
Exchange 10000 NGN for 2.95 MBG
50000 NGN
14.74 MBG
Exchange 50000 NGN for 14.74 MBG
100000 NGN
29.48 MBG
Exchange 100000 NGN for 29.48 MBG
In the table above, you'll find a comprehensive NGN to MBG converter that shows the value of Nigerian Naira in MultiBank Group across commonly used conversion amounts. The list covers conversions from 1 NGN to MBG, all the way up to 100000 NGN, providing a clear view of their respective values.

MBG to NGN chart

MBG/NGN: 1 MBG = 3,392.28 NGN; 2025/08/14 05:13:09
In the past 1D, MultiBank Group has changed -0.04% to NGN. Based on the trend and price charts, MultiBank Group(MBG) has changed -0.04% to NGN while Nigerian Naira(NGN) has changed % to MBG in the last 24 hours.
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MBG to NGN conversion data: Volatility and price changes of MultiBank Group in NGN

The highest MultiBank Group price in NGN over the past 7 days was 3,394.32 NGN while the lowest MultiBank Group price in NGN over the past 7 days was 3,002.83 NGN. The relative change between the highs and lows in MultiBank Group price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MBG 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
3,394.32 NGN
3,394.32 NGN
4,211.82 NGN
4,211.82 NGN
Low
3,377.43 NGN
3,002.83 NGN
562.78 NGN
562.78 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.04%
+12.62%
+497.72%
+497.78%

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MultiBank Group information

MBG to NGN market statistics

MBG/NGN:
₦3,392.28
MBG 24h volume:
₦103,558,554,077.75
MBG market cap:
₦297,448,597,455.15
MBG circulating supply:
87.68M MBG

Current MBG to NGN exchange rate

MultiBank Group to Nigerian Naira is rising this week.
MultiBank Group's current market price is ₦3,392.28 per MBG, with a total market cap of ₦297,448,597,455.15 NGN based on a circulating supply of 87,683,910 MBG. The trading volume of MultiBank Group has changed by -34.29% (₦-54,036,271,330.97 NGN) in the last 24 hours. Last trading day, MBG's trading volume was ₦157,594,825,408.72.

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

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How to convert MBG to NGN

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MBG to NGN Conversion tables

The exchange rate of MultiBank Group is increasing.
The exchange rate of 1 MBG to Nigerian Naira has changed by +12.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.04%, reaching a high of 3,394.32 NGN and a low of 3,377.43 NGN . One month ago, the value of 1 MBG was ₦-0.10 NGN , which represents a +497.72% change from its current value. Over the last year, MultiBank Group has changed by
+
325.59NGN
, resulting in a change of +497.78% in its value.
24 hours ago1 month ago1 year ago
Amount 05:13 am today 24 hours ago 24h change
0.5 MBG
₦1,696.14₦1,696.74
-0.04%
1 MBG
₦3,392.28₦3,393.48
-0.04%
5 MBG
₦16,961.41₦16,967.41
-0.04%
10 MBG
₦33,922.83₦33,934.81
-0.04%
50 MBG
₦169,614.13₦169,674.06
-0.04%
100 MBG
₦339,228.26₦339,348.12
-0.04%
500 MBG
₦1,696,141.28₦1,696,740.6
-0.04%
1000 MBG
₦3,392,282.55₦3,393,481.21
-0.04%

MBG to NGN FAQ

How much is 1 MultiBank Group in NGN?
Right now, the price of 1 MultiBank Group (MBG) in Nigerian Naira (NGN) is ₦3,392.28.
How much MBG can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.0002948 MBG for 1 NGN.
How do I calculate or convert MBG to NGN?
You can use our MBG to NGN calculator at the top of this page to convert any amount of MBG to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.001474 MBG, while 5 MBG will cost around 16,961.41NGN.
What is the highest price of MBG/NGN in history?
The all-time high price of 1 MBG in NGN is ₦4,211.82. It remains to be seen if the value of 1 MBG/NGN will exceed the current all-time high.
What is the price trend of MultiBank Group in NGN?
Over the past 7 days, the exchange rate of MultiBank Group (MBG) has gone up by 12.62%.   Over the last month, the exchange rate of MultiBank Group (MBG) has gone up by 497.72% against Nigerian Naira (NGN).

What factors influence the conversion rate of MBG to NGN?

There are many factors that affect the relationship between MultiBank Group 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 MBG/NGN. When there is positive news in the market about the widespread adoption of MBG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MBG/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MBG/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 MBG/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 MultiBank Group 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 MultiBank Group currency pairs: MBG to US Dollar (USD), MBG to Euro (EUR), MBG to Pound Sterling (GBP), MBG to Canadian Dollar (CAD), MBG to Indian Rupee (INR), MBG to Pakistani Rupee (PKR), MBG to Brazilian Real (BRL), MBG to…
The price of MultiBank Group in the US is $2.21 USD. Additionally, MultiBank Group’s price is €1.89 EUR in the eurozone, £1.63 GBP in the UK, C$3.04 CAD in Canada, ₹193.35 INR in India, ₨628.2 PKR in Pakistan, R$11.93 BRL in Brazil, and more.
The most popular MultiBank Group currency pair is the MBG to Nigerian Naira(NGN). The price of 1 MultiBank Group (MBG) in Nigerian Naira (NGN) is ₦3,392.28.

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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.