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MRLN to NGN Converter and calculator

MRLN/NGN: 1 MRLN = 0.0003251 NGN. The price of converting 1 Project Merlin (MRLN) to Nigerian Naira (NGN) is 0.0003251 NGN today.
MRLN
MRLN
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MRLN to NGN real-time exchange rates, making it easy to convert Project Merlin (MRLN) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MRLN is currently valued at 0.0003251 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MRLN is currently valued at 0.0003251 NGN, which means buying 5 MRLN would cost 0.001626 NGN. Similarly, ₦1 NGN can be converted to 3,075.56 MRLN, and ₦50 NGN can be converted to 15,377.8 MRLN, excluding any platform or gas fees.

Convert MRLN to NGN

Convert NGN to MRLN

Project Merlin
Nigerian Naira
1 MRLN
0.0003251  NGN
Exchange 1 MRLN for 0.0003251 NGN
2 MRLN
0.0006503  NGN
Exchange 2 MRLN for 0.0006503 NGN
5 MRLN
0.001626  NGN
Exchange 5 MRLN for 0.001626 NGN
10 MRLN
0.003251  NGN
Exchange 10 MRLN for 0.003251 NGN
20 MRLN
0.006503  NGN
Exchange 20 MRLN for 0.006503 NGN
50 MRLN
0.01626  NGN
Exchange 50 MRLN for 0.01626 NGN
100 MRLN
0.03251  NGN
Exchange 100 MRLN for 0.03251 NGN
200 MRLN
0.06503  NGN
Exchange 200 MRLN for 0.06503 NGN
500 MRLN
0.1626  NGN
Exchange 500 MRLN for 0.1626 NGN
1000 MRLN
0.3251  NGN
Exchange 1000 MRLN for 0.3251 NGN
5000 MRLN
1.63  NGN
Exchange 5000 MRLN for 1.63 NGN
10000 MRLN
3.25  NGN
Exchange 10000 MRLN for 3.25 NGN
In the table above, you'll find a comprehensive MRLN to NGN converter that shows the value of Project Merlin in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MRLN to NGN, all the way up to 10000 MRLN, providing a clear view of their respective values.
Nigerian Naira
Project Merlin
1 NGN
3,075.56 MRLN
Exchange 1 NGN for 3,075.56 MRLN
10 NGN
30,755.61 MRLN
Exchange 10 NGN for 30,755.61 MRLN
50 NGN
153,778.04 MRLN
Exchange 50 NGN for 153,778.04 MRLN
100 NGN
307,556.07 MRLN
Exchange 100 NGN for 307,556.07 MRLN
200 NGN
615,112.15 MRLN
Exchange 200 NGN for 615,112.15 MRLN
500 NGN
1,537,780.37 MRLN
Exchange 500 NGN for 1,537,780.37 MRLN
1000 NGN
3,075,560.74 MRLN
Exchange 1000 NGN for 3,075,560.74 MRLN
2000 NGN
6,151,121.48 MRLN
Exchange 2000 NGN for 6,151,121.48 MRLN
5000 NGN
15,377,803.7 MRLN
Exchange 5000 NGN for 15,377,803.7 MRLN
10000 NGN
30,755,607.4 MRLN
Exchange 10000 NGN for 30,755,607.4 MRLN
50000 NGN
153,778,037.01 MRLN
Exchange 50000 NGN for 153,778,037.01 MRLN
100000 NGN
307,556,074.02 MRLN
Exchange 100000 NGN for 307,556,074.02 MRLN
In the table above, you'll find a comprehensive NGN to MRLN converter that shows the value of Nigerian Naira in Project Merlin across commonly used conversion amounts. The list covers conversions from 1 NGN to MRLN, all the way up to 100000 NGN, providing a clear view of their respective values.

MRLN to NGN chart

MRLN/NGN: 1 MRLN = 0.0003251 NGN; 2025/09/13 21:38:33
In the past 1D, Project Merlin has changed -1.00% to NGN. Based on the trend and price charts, Project Merlin(MRLN) has changed -1.00% to NGN while Nigerian Naira(NGN) has changed % to MRLN in the last 24 hours.
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MRLN to NGN conversion data: Volatility and price changes of Project Merlin in NGN

The highest Project Merlin price in NGN over the past 7 days was -- NGN while the lowest Project Merlin price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Project Merlin price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MRLN 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
0.0003251 NGN
-- NGN
-- NGN
-- NGN
Low
0.{5}1077 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-1.00%
--
--
--

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Bitget P2P trading does not currently support direct buying of MRLN with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy MRLN with USDT via Bitget spot market.
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Project Merlin information

MRLN to NGN market statistics

MRLN/NGN:
₦0.0003251
MRLN 24h volume:
₦62,743,502,315.85
MRLN market cap:
₦325,143.79
MRLN circulating supply:
1000.00M MRLN

Current MRLN to NGN exchange rate

Project Merlin to Nigerian Naira is falling this week.
Project Merlin's current market price is ₦0.0003251 per MRLN, with a total market cap of ₦325,143.79 NGN based on a circulating supply of 999,999,400 MRLN. The trading volume of Project Merlin has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, MRLN's trading volume was ₦--.

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

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How to convert MRLN to NGN

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MRLN to NGN Conversion tables

The exchange rate of Project Merlin is decreasing.
The exchange rate of 1 MRLN to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.00%, reaching a high of 0.0003251 NGN and a low of 0.{5}1077 NGN . One month ago, the value of 1 MRLN was ₦-- NGN , which represents a --% change from its current value. Over the last year, Project Merlin has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 21:38 today 24 hours ago 24h change
0.5 MRLN
₦0.0001626₦--
-1.00%
1 MRLN
₦0.0003251₦--
-1.00%
5 MRLN
₦0.001626₦--
-1.00%
10 MRLN
₦0.003251₦--
-1.00%
50 MRLN
₦0.01626₦--
-1.00%
100 MRLN
₦0.03251₦--
-1.00%
500 MRLN
₦0.1626₦--
-1.00%
1000 MRLN
₦0.3251₦--
-1.00%

MRLN to NGN FAQ

How much is 1 Project Merlin in NGN?
Right now, the price of 1 Project Merlin (MRLN) in Nigerian Naira (NGN) is ₦0.0003251.
How much MRLN can I buy for 1 NGN?
Based on the current exchange rate, you can get 3,075.56 MRLN for 1 NGN.
How do I calculate or convert MRLN to NGN?
You can use our MRLN to NGN calculator at the top of this page to convert any amount of MRLN to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 15,377.8 MRLN, while 5 MRLN will cost around 0.001626NGN.
What is the highest price of MRLN/NGN in history?
The all-time high price of 1 MRLN in NGN is --. It remains to be seen if the value of 1 MRLN/NGN will exceed the current all-time high.
What is the price trend of Project Merlin in NGN?
Over the past 7 days, the exchange rate of Project Merlin (MRLN) has gone down by --.   Over the last month, the exchange rate of Project Merlin (MRLN) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of MRLN to NGN?

There are many factors that affect the relationship between Project Merlin 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 MRLN/NGN. When there is positive news in the market about the widespread adoption of MRLN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MRLN/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MRLN/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 MRLN/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 Project Merlin 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 Project Merlin currency pairs: MRLN to US Dollar (USD), MRLN to Euro (EUR), MRLN to Pound Sterling (GBP), MRLN to Canadian Dollar (CAD), MRLN to Indian Rupee (INR), MRLN to Pakistani Rupee (PKR), MRLN to Brazilian Real (BRL), MRLN to…
The price of Project Merlin in the US is $0.{6}2166 USD. Additionally, Project Merlin’s price is €0.{6}1846 EUR in the eurozone, £0.{6}1598 GBP in the UK, C$0.{6}3001 CAD in Canada, ₹0.{4}1912 INR in India, ₨0.{4}6148 PKR in Pakistan, R$0.{5}1159 BRL in Brazil, and more.
The most popular Project Merlin currency pair is the MRLN to Nigerian Naira(NGN). The price of 1 Project Merlin (MRLN) in Nigerian Naira (NGN) is ₦0.0003251.

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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.