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IKA to NGN Converter and calculator

IKA/NGN: 1 IKA = 44.34 NGN. The price of converting 1 Ika (IKA) to Nigerian Naira (NGN) is 44.34 NGN today.
IKA
IKA
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides IKA to NGN real-time exchange rates, making it easy to convert Ika (IKA) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 IKA is currently valued at 44.34 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 IKA is currently valued at 44.34 NGN, which means buying 5 IKA would cost 221.69 NGN. Similarly, ₦1 NGN can be converted to 0.02255 IKA, and ₦50 NGN can be converted to 0.1128 IKA, excluding any platform or gas fees.

Convert IKA to NGN

Convert NGN to IKA

Ika
Nigerian Naira
1 IKA
44.34  NGN
Exchange 1 IKA for 44.34 NGN
2 IKA
88.68  NGN
Exchange 2 IKA for 88.68 NGN
5 IKA
221.69  NGN
Exchange 5 IKA for 221.69 NGN
10 IKA
443.38  NGN
Exchange 10 IKA for 443.38 NGN
20 IKA
886.75  NGN
Exchange 20 IKA for 886.75 NGN
50 IKA
2,216.89  NGN
Exchange 50 IKA for 2,216.89 NGN
100 IKA
4,433.77  NGN
Exchange 100 IKA for 4,433.77 NGN
200 IKA
8,867.54  NGN
Exchange 200 IKA for 8,867.54 NGN
500 IKA
22,168.86  NGN
Exchange 500 IKA for 22,168.86 NGN
1000 IKA
44,337.72  NGN
Exchange 1000 IKA for 44,337.72 NGN
5000 IKA
221,688.58  NGN
Exchange 5000 IKA for 221,688.58 NGN
10000 IKA
443,377.16  NGN
Exchange 10000 IKA for 443,377.16 NGN
In the table above, you'll find a comprehensive IKA to NGN converter that shows the value of Ika in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 IKA to NGN, all the way up to 10000 IKA, providing a clear view of their respective values.
Nigerian Naira
Ika
1 NGN
0.02255 IKA
Exchange 1 NGN for 0.02255 IKA
10 NGN
0.2255 IKA
Exchange 10 NGN for 0.2255 IKA
50 NGN
1.13 IKA
Exchange 50 NGN for 1.13 IKA
100 NGN
2.26 IKA
Exchange 100 NGN for 2.26 IKA
200 NGN
4.51 IKA
Exchange 200 NGN for 4.51 IKA
500 NGN
11.28 IKA
Exchange 500 NGN for 11.28 IKA
1000 NGN
22.55 IKA
Exchange 1000 NGN for 22.55 IKA
2000 NGN
45.11 IKA
Exchange 2000 NGN for 45.11 IKA
5000 NGN
112.77 IKA
Exchange 5000 NGN for 112.77 IKA
10000 NGN
225.54 IKA
Exchange 10000 NGN for 225.54 IKA
50000 NGN
1,127.71 IKA
Exchange 50000 NGN for 1,127.71 IKA
100000 NGN
2,255.42 IKA
Exchange 100000 NGN for 2,255.42 IKA
In the table above, you'll find a comprehensive NGN to IKA converter that shows the value of Nigerian Naira in Ika across commonly used conversion amounts. The list covers conversions from 1 NGN to IKA, all the way up to 100000 NGN, providing a clear view of their respective values.

IKA to NGN chart

IKA/NGN: 1 IKA = 44.34 NGN; 2025/07/30 03:36:38
In the past 1D, Ika has changed +6.55% to NGN. Based on the trend and price charts, Ika(IKA) has changed +6.55% to NGN while Nigerian Naira(NGN) has changed % to IKA in the last 24 hours.
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IKA to NGN conversion data: Volatility and price changes of Ika in NGN

The highest Ika price in NGN over the past 7 days was 51.5 NGN while the lowest Ika price in NGN over the past 7 days was 41.64 NGN. The relative change between the highs and lows in Ika price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and IKA 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
51.5 NGN
51.5 NGN
51.5 NGN
51.5 NGN
Low
41.64 NGN
41.64 NGN
41.64 NGN
41.64 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+6.55%
+7.31%
+6.15%
+8.18%

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Ika information

IKA to NGN market statistics

IKA/NGN:
₦44.34
IKA 24h volume:
₦87,456,881,131.06
IKA market cap:
--
IKA circulating supply:
0 IKA

Current IKA to NGN exchange rate

Ika to Nigerian Naira is rising this week.
Ika's current market price is ₦44.34 per IKA, with a total market cap of ₦0 NGN based on a circulating supply of -- IKA. The trading volume of Ika has changed by +4487.84% (₦85,550,604,929.19 NGN) in the last 24 hours. Last trading day, IKA's trading volume was ₦1,906,276,201.88.

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

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How to convert IKA to NGN

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IKA to NGN Conversion tables

The exchange rate of Ika is increasing.
The exchange rate of 1 IKA to Nigerian Naira has changed by +7.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.55%, reaching a high of 51.5 NGN and a low of 41.64 NGN . One month ago, the value of 1 IKA was ₦-0.54 NGN , which represents a +6.15% change from its current value. Over the last year, Ika has changed by
+
44.87NGN
, resulting in a change of 0.00% in its value.
24 hours ago1 month ago1 year ago
Amount 03:36 am today 24 hours ago 24h change
0.5 IKA
₦22.17₦-0.2677
+6.55%
1 IKA
₦44.34₦-0.5354
+6.55%
5 IKA
₦221.69₦-2.6772
+6.55%
10 IKA
₦443.38₦-5.3543
+6.55%
50 IKA
₦2,216.89₦-26.7715
+6.55%
100 IKA
₦4,433.77₦-53.5431
+6.55%
500 IKA
₦22,168.86₦-267.7153
+6.55%
1000 IKA
₦44,337.72₦-535.4305
+6.55%

IKA to NGN FAQ

How much is 1 Ika in NGN?
Right now, the price of 1 Ika (IKA) in Nigerian Naira (NGN) is ₦44.34.
How much IKA can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.02255 IKA for 1 NGN.
How do I calculate or convert IKA to NGN?
You can use our IKA to NGN calculator at the top of this page to convert any amount of IKA to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.1128 IKA, while 5 IKA will cost around 221.69NGN.
What is the highest price of IKA/NGN in history?
The all-time high price of 1 IKA in NGN is ₦51.5. It remains to be seen if the value of 1 IKA/NGN will exceed the current all-time high.
What is the price trend of Ika in NGN?
Over the past 7 days, the exchange rate of Ika (IKA) has gone up by 7.31%.   Over the last month, the exchange rate of Ika (IKA) has gone up by 6.15% against Nigerian Naira (NGN).

What factors influence the conversion rate of IKA to NGN?

There are many factors that affect the relationship between Ika 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 IKA/NGN. When there is positive news in the market about the widespread adoption of IKA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of IKA/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in IKA/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 IKA/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 Ika 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 Ika currency pairs: IKA to US Dollar (USD), IKA to Euro (EUR), IKA to Pound Sterling (GBP), IKA to Canadian Dollar (CAD), IKA to Indian Rupee (INR), IKA to Pakistani Rupee (PKR), IKA to Brazilian Real (BRL), IKA to…
The price of Ika in the US is $0.02898 USD. Additionally, Ika’s price is €0.02506 EUR in the eurozone, £0.02169 GBP in the UK, C$0.03990 CAD in Canada, ₹2.52 INR in India, ₨8.21 PKR in Pakistan, R$0.1616 BRL in Brazil, and more.
The most popular Ika currency pair is the IKA to Nigerian Naira(NGN). The price of 1 Ika (IKA) in Nigerian Naira (NGN) is ₦44.34.

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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.