Convert and Swap SHIBA INU SHIB to Nigerian Naira NGN
SHIB/NGN: 1 SHIBA INU equals NGN 0.0318 NGN
Last update: 7:51 AM, January 22, 2025
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SHIBA INU market latest
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SHIBA INU is falling this week.
The current price of SHIBA INU is NGN 0.0318 per SHIB. With a circulating supply of 589,255,171,337,374 SHIB, it means that SHIBA INU has a total market cap of NGN 18,732,883,107,769.77. The amount of SHIBA INU traded has fallen by NGN 252,445,016,384.80 in the last 24 hours, which is a 27.24% decrease. Additionally, in the last day, NGN 926,672,247,039.82 worth of SHIB has been traded.
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About SHIBA INU
Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
SHIBA INU (SHIB) is a decentralized, community-driven cryptocurrency that has captured the attention of millions worldwide. Launched in late 2020, this Ethereum-based token has rapidly grown into a global phenomenon. SHIB is unique in its approach to decentralization, aiming to operate without central leadership. The token was created under the pseudonym "Ryoshi" who, much like Bitcoin's elusive creator, remains largely unknown. Ryoshi's vision for SHIBA INU was to test if a decentralized organization could function effectively without a central figurehead, a concept that has resonated with a vast community of holders.
SHIBA INU operates as an ERC-20 token based on the Ethereum blockchain, a proof-of-work system transitioning to proof-of-stake. The token's supply was initially divided, with 50% locked on Uniswap and the remaining 50% sent to Ethereum co-founder Vitalik Buterin. In a surprising move, Buterin donated a significant portion of his SHIB tokens to a Covid relief fund and burned the rest, effectively removing them from circulation. This act of burning tokens is a common practice in the crypto world, aiming to reduce the total supply of tokens and potentially increase their value. SHIBA INU also has its own decentralized exchange, ShibaSwap, where users can trade between tokens.
SHIBA INU seeks to establish itself as more than just a token. It aims to create an entire ecosystem, with plans to develop SHI, an algorithmic stablecoin pegged to one cent. This could potentially serve as a global exchange of value, providing a store of value and method of payment for users worldwide. SHIBA INU also has its own decentralized exchange, ShibaSwap, and plans to develop a financial ecosystem where SHI would be added as a weighted pool pair. Furthermore, SHIBA INU is increasingly being adopted as a form of payment by retailers, demonstrating its growing acceptance and utility in the real world.
SHIBA INU was created anonymously in August 2020 under the pseudonym "Ryoshi." The token quickly gained traction, attracting a community of investors drawn to its unique approach to decentralization and its charming dog-themed branding. In mid-2021, Ryoshi stepped away from the project, leaving the token entirely in the hands of the community. This move was in line with Ryoshi's original vision for SHIBA INU, which was to test if a decentralized organization could function without central leadership. Despite initial skepticism, the experiment proved successful, and SHIBA INU has since grown into a global phenomenon, with a community of millions of holders worldwide.
How SHIBA INU and Nigerian Naira differ
The SHIBA INU (SHIB) and Nigerian Naira (NGN) are two distinct forms of currency, each with its unique characteristics. SHIBA INU is a decentralized, community-driven cryptocurrency that operates on the Ethereum blockchain, aiming to function without central leadership. It was created under the pseudonym "Ryoshi" and has rapidly grown into a global phenomenon since its launch in 2020. SHIBA INU seeks to establish an entire ecosystem, with plans to develop an algorithmic stablecoin and its own decentralized exchange, ShibaSwap. On the other hand, the Nigerian Naira is a traditional fiat currency, regulated by the Central Bank of Nigeria. Unlike SHIB, the Naira is centralized and its value is determined by the country's economic conditions, government policies, and international exchange rates. While SHIBA INU is a digital asset that can be traded globally, the Nigerian Naira is a physical currency primarily used within Nigeria. These differences highlight the contrasting nature of cryptocurrencies and traditional fiat currencies, providing a diverse range of options for users worldwide.
Frequently asked questions
How much is 1 SHIBA INU in NGN?
Right now, 1 SHIBA INU is worth about NGN 0.0318.
How much SHIB could I buy for 1 NGN?
Based on the current rate, you could get 31.42 SHIB for 1 NGN.
How much has the price of SHIBA INU changed?
SHIBA INU price has been on the rise. Since yesterday, the exchange rate of SHIBA INU has increased. Since last month, the exchange rate of SHIBA INU has decreased. Since this time last year, the price of SHIBA INU has increased.
How do I calculate or convert SHIB to NGN?
You can use our SHIB to NGN calculator at the top of this page to convert any amount of SHIB to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 157.08 SHIB. Inversely, 5 SHIB will cost about NGN 0.16
How can I buy 1 SHIBA INU on Coinbase?
SHIBA INU is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy SHIBA INU.
Buy SHIBA INU with Coinbase
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SHIB to Nigerian Naira conversion tables
The exchange rate of SHIBA INU is increasing.
The current value of 1 SHIB is NGN 0.03 NGN. In other words, to buy 5 SHIBA INU, it would cost you NGN 0.16 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 31.42 SHIB while NGN 50.00 NGN would convert to 1,570.84 SHIB, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 4.38%. Meanwhile, in the last 24 hours, the rate has changed by 2.45%, and that the the highest exchange rate of 1 SHIB to Nigerian Naira was NGN 0.0331 NGN and the lowest 24 hour value was 1 SHIB for NGN 0.0308 NGN. This time last month, the value of 1 SHIB was NGN 0.03 NGN, which is a 3.76% increase from where it is now. Looking back a year, SHIBA INU has changed by NGN 0.01 NGN.
SHIB to NGN performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
NGN 0.0311 NGN | 2.45% | NGN 0.0334 NGN | -4.38% | NGN 0.0330 NGN | -3.76% | NGN 0.0074 NGN | 140.93% |
SHIB to NGN
Amount | Today at 7:51 am |
|---|---|
0.5 SHIB | NGN 0.0159 |
1 SHIB | NGN 0.0318 |
5 SHIB | NGN 0.1592 |
10 SHIB | NGN 0.3183 |
50 SHIB | NGN 1.5915 |
100 SHIB | NGN 3.1830 |
500 SHIB | NGN 15.9150 |
1,000 SHIB | NGN 31.8300 |
NGN to SHIB
Amount | Today at 7:51 am |
|---|---|
0.5 NGN | 15.71 SHIB |
1 NGN | 31.42 SHIB |
5 NGN | 157.08 SHIB |
10 NGN | 314.17 SHIB |
50 NGN | 1,570.84 SHIB |
100 NGN | 3,141.69 SHIB |
500 NGN | 15,708.44 SHIB |
1,000 NGN | 31,416.89 SHIB |
Today vs. 24 hours ago
Amount | Today at 7:51 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 SHIB | NGN 0.0159 | NGN 0.0155 | +2.50% |
1 SHIB | NGN 0.0318 | NGN 0.0311 | +2.50% |
5 SHIB | NGN 0.16 | NGN 0.16 | +2.50% |
10 SHIB | NGN 0.32 | NGN 0.31 | +2.50% |
50 SHIB | NGN 1.59 | NGN 1.55 | +2.50% |
100 SHIB | NGN 3.18 | NGN 3.11 | +2.50% |
500 SHIB | NGN 15.92 | NGN 15.53 | +2.50% |
1,000 SHIB | NGN 31.83 | NGN 31.05 | +2.50% |
Today vs. 1 month ago
Amount | Today at 7:51 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 SHIB | NGN 0.0159 | NGN 0.0166 | -4.04% |
1 SHIB | NGN 0.0318 | NGN 0.0332 | -4.04% |
5 SHIB | NGN 0.16 | NGN 0.17 | -4.04% |
10 SHIB | NGN 0.32 | NGN 0.33 | -4.04% |
50 SHIB | NGN 1.59 | NGN 1.66 | -4.04% |
100 SHIB | NGN 3.18 | NGN 3.32 | -4.04% |
500 SHIB | NGN 15.92 | NGN 16.59 | -4.04% |
1,000 SHIB | NGN 31.83 | NGN 33.17 | -4.04% |
Today vs. 1 year ago
Amount | Today at 7:51 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 SHIB | NGN 0.0159 | NGN 0.0065 | +143.42% |
1 SHIB | NGN 0.0318 | NGN 0.0131 | +143.42% |
5 SHIB | NGN 0.16 | NGN 0.0654 | +143.42% |
10 SHIB | NGN 0.32 | NGN 0.13 | +143.42% |
50 SHIB | NGN 1.59 | NGN 0.65 | +143.42% |
100 SHIB | NGN 3.18 | NGN 1.31 | +143.42% |
500 SHIB | NGN 15.92 | NGN 6.54 | +143.42% |
1,000 SHIB | NGN 31.83 | NGN 13.08 | +143.42% |
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