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ParaSwap to Nigerian Naira Converter and calculator

Convert 1ParaSwap (PSP) to Nigerian Naira (NGN) equals ₦ 33.78 | Bitget
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PSP
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NGN
Last updated 2025/01/30 21:36:32 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of ParaSwap(PSP) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 PSP at a value of 1 PSP for 33.78 NGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NGN 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.

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Bitget crypto-to-fiat exchange data shows that the most popular ParaSwap currency pair is the PSP to NGN, with for ParaSwap's currency code being PSP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

PSP to NGN conversion rate trend

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Live ParaSwap (PSP) price chart
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In the past 1D, ParaSwap has changed +3.08% to NGN. Based on the trend and price charts, ParaSwap(PSP) has changed +3.08% to NGN while Nigerian Naira(NGN) has changed -2.99% to PSP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦33.74
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
₦33.83
0.1000% / 0.1000%
Yes
Bybit
₦35.23
0.1000% / 0.1000%
Yes
Last updated 2024/12/11 01:00:18(UTC+0)

How to buy ParaSwap

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Buy ParaSwap (PSP)
Use a variety of payment options to buy ParaSwap on Bitget. We'll show you how.

Buy PSP (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading does not currently support direct buying of PSP with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy PSP with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
R
Russiad_BC
23 tradesCompletion rate 64.00%
1.245 USD
Amount2024.21 USDT
Limit10 - 2000 USD
WebMoney
Buy
g
gorillaexchange
1 tradesCompletion rate 33.00%
1.184 USD
Amount2400 USDT
Limit100 - 2350 USD
WebMoney
Buy
W
WORLD PRO
1 tradesCompletion rate 9.00%
1.05 USD
Amount10000 USDT
Limit100 - 10010 USD
Bank TransferTinkoff
Buy
B
Brothers Group
0 tradesCompletion rate 0.00%
1.05 USD
Amount100000 USDT
Limit1000 - 5000 USD
Cashapp
Buy
2
24H_TRADE_CRYPTO
0 tradesCompletion rate 0.00%
1.042 USD
Amount100000 USDT
Limit400 - 4000 USD
Cashapp
Buy

Sell PSP (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of PSP to NGN. However, you can first exchange PSP for USDT in the Bitget spot market, and then sell USDT to NGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
R
Russiad_BC
23 tradesCompletion rate 64.00%
1.245 USD
Amount2024.21 USDT
Limit10 - 2000 USD
WebMoney
Sell
g
gorillaexchange
1 tradesCompletion rate 33.00%
1.184 USD
Amount2400 USDT
Limit100 - 2350 USD
WebMoney
Sell
W
WORLD PRO
1 tradesCompletion rate 9.00%
1.05 USD
Amount10000 USDT
Limit100 - 10010 USD
Bank TransferTinkoff
Sell
B
Brothers Group
0 tradesCompletion rate 0.00%
1.05 USD
Amount100000 USDT
Limit1000 - 5000 USD
Cashapp
Sell
2
24H_TRADE_CRYPTO
0 tradesCompletion rate 0.00%
1.042 USD
Amount100000 USDT
Limit400 - 4000 USD
Cashapp
Sell

What factors influence the conversion rate of ParaSwap to Nigerian Naira?

ParaSwap to Nigerian Naira is rising this week.
ParaSwap's current market price is ₦ 33.78 per PSP, with a total market cap of ₦ 25,167,821,627.39 NGN based on a circulating supply of 744,976,900 PSP. The trading volume of ParaSwap has changed by +27.95% (₦ 19,260,450.3 NGN) in the last 24 hours. Last trading day, PSP's trading volume was ₦ 68,905,692.63.
Market cap
$16.28M
24h volume
$57.05K
Circulating supply
744.98M PSP
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Conversion tables

The exchange rate of ParaSwap is decreasing.
1 PSP is currently valued at ₦ 33.78 NGN , which means buying 5 PSP will cost ₦ 168.92 NGN . Similarly, ₦1 NGN can be traded for 0.02960 PSP, and ₦50 NGN can be converted to 1.48 PSP, excluding any platform or gas fees.
The exchange rate of 1 PSP to Nigerian Naira has changed by +4.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.08%, reaching a high of 33.88 NGN and a low of 32.73 NGN . One month ago, the value of 1 PSP was ₦ 36.33 NGN , which represents a -7.01% change from its current value. Over the last year, ParaSwap has changed by
-
25.63NGN
, resulting in a change of -43.14% in its value.

PSP to NGN

Amount
21:36 today
0.5 PSP
16.89
1 PSP
33.78
5 PSP
168.92
10 PSP
337.83
50 PSP
1,689.17
100 PSP
3,378.34
500 PSP
16,891.68
1000 PSP
33,783.36

NGN to PSP

Amount21:36 today
0.5NGN0.01480  PSP
1NGN0.02960  PSP
5NGN0.1480  PSP
10NGN0.2960  PSP
50NGN1.48  PSP
100NGN2.96  PSP
500NGN14.8  PSP
1000NGN29.6  PSP

Today vs. 24 hours ago

Amount21:36 today24 hours ago24h change
0.5 PSP$0.01093$0.01060
+3.08%
1 PSP$0.02186$0.02121
+3.08%
5 PSP$0.1093$0.1060
+3.08%
10 PSP$0.2186$0.2121
+3.08%
50 PSP$1.09$1.06
+3.08%
100 PSP$2.19$2.12
+3.08%
500 PSP$10.93$10.6
+3.08%
1000 PSP$21.86$21.21
+3.08%

Today vs. 1 month ago

Amount21:36 today1 month ago1M change
0.5 PSP$0.01093$0.01175
-7.01%
1 PSP$0.02186$0.02351
-7.01%
5 PSP$0.1093$0.1175
-7.01%
10 PSP$0.2186$0.2351
-7.01%
50 PSP$1.09$1.18
-7.01%
100 PSP$2.19$2.35
-7.01%
500 PSP$10.93$11.75
-7.01%
1000 PSP$21.86$23.51
-7.01%

Today vs. 1 year ago

Amount21:36 today1 year ago1Y change
0.5 PSP$0.01093$0.01922
-43.14%
1 PSP$0.02186$0.03844
-43.14%
5 PSP$0.1093$0.1922
-43.14%
10 PSP$0.2186$0.3844
-43.14%
50 PSP$1.09$1.92
-43.14%
100 PSP$2.19$3.84
-43.14%
500 PSP$10.93$19.22
-43.14%
1000 PSP$21.86$38.44
-43.14%
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ParaSwap price prediction

What will the price of PSP be in 2026?

Based on PSP's historical price performance prediction model, the price of PSP is projected to reach $0.02142 in 2026.

What will the price of PSP be in 2031?

In 2031, the PSP price is expected to change by +35.00%. By the end of 2031, the PSP price is projected to reach $0.04152, with a cumulative ROI of +95.80%.
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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.