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LAB to NGN Converter and calculator

LAB/NGN: 1 LAB = 128.39 NGN. The price of converting 1 LAB (LAB) to Nigerian Naira (NGN) is 128.39 NGN today.
LAB
LAB
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides LAB to NGN real-time exchange rates, making it easy to convert LAB (LAB) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 LAB is currently valued at 128.39 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 LAB is currently valued at 128.39 NGN, which means buying 5 LAB would cost 641.94 NGN. Similarly, ₦1 NGN can be converted to 0.007789 LAB, and ₦50 NGN can be converted to 0.03894 LAB, excluding any platform or gas fees.

Convert LAB to NGN

Convert NGN to LAB

LAB
Nigerian Naira
1 LAB
128.39  NGN
Exchange 1 LAB for 128.39 NGN
2 LAB
256.78  NGN
Exchange 2 LAB for 256.78 NGN
5 LAB
641.94  NGN
Exchange 5 LAB for 641.94 NGN
10 LAB
1,283.89  NGN
Exchange 10 LAB for 1,283.89 NGN
20 LAB
2,567.78  NGN
Exchange 20 LAB for 2,567.78 NGN
50 LAB
6,419.44  NGN
Exchange 50 LAB for 6,419.44 NGN
100 LAB
12,838.88  NGN
Exchange 100 LAB for 12,838.88 NGN
200 LAB
25,677.77  NGN
Exchange 200 LAB for 25,677.77 NGN
500 LAB
64,194.41  NGN
Exchange 500 LAB for 64,194.41 NGN
1000 LAB
128,388.83  NGN
Exchange 1000 LAB for 128,388.83 NGN
5000 LAB
641,944.14  NGN
Exchange 5000 LAB for 641,944.14 NGN
10000 LAB
1,283,888.27  NGN
Exchange 10000 LAB for 1,283,888.27 NGN
In the table above, you'll find a comprehensive LAB to NGN converter that shows the value of LAB in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 LAB to NGN, all the way up to 10000 LAB, providing a clear view of their respective values.
Nigerian Naira
LAB
1 NGN
0.007789 LAB
Exchange 1 NGN for 0.007789 LAB
10 NGN
0.07789 LAB
Exchange 10 NGN for 0.07789 LAB
50 NGN
0.3894 LAB
Exchange 50 NGN for 0.3894 LAB
100 NGN
0.7789 LAB
Exchange 100 NGN for 0.7789 LAB
200 NGN
1.56 LAB
Exchange 200 NGN for 1.56 LAB
500 NGN
3.89 LAB
Exchange 500 NGN for 3.89 LAB
1000 NGN
7.79 LAB
Exchange 1000 NGN for 7.79 LAB
2000 NGN
15.58 LAB
Exchange 2000 NGN for 15.58 LAB
5000 NGN
38.94 LAB
Exchange 5000 NGN for 38.94 LAB
10000 NGN
77.89 LAB
Exchange 10000 NGN for 77.89 LAB
50000 NGN
389.44 LAB
Exchange 50000 NGN for 389.44 LAB
100000 NGN
778.88 LAB
Exchange 100000 NGN for 778.88 LAB
In the table above, you'll find a comprehensive NGN to LAB converter that shows the value of Nigerian Naira in LAB across commonly used conversion amounts. The list covers conversions from 1 NGN to LAB, all the way up to 100000 NGN, providing a clear view of their respective values.

LAB to NGN chart

LAB/NGN: 1 LAB = 128.39 NGN; 2025/11/22 12:57:10
In the past 1D, LAB has changed -3.47% to NGN. Based on the trend and price charts, LAB(LAB) has changed -3.47% to NGN while Nigerian Naira(NGN) has changed % to LAB in the last 24 hours.
1D7D1M3M1YAll

LAB to NGN conversion data: Volatility and price changes of LAB in NGN

The highest LAB price in NGN over the past 7 days was 187.63 NGN while the lowest LAB price in NGN over the past 7 days was 124.2 NGN. The relative change between the highs and lows in LAB price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and LAB 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
143.2 NGN
187.63 NGN
665.21 NGN
665.21 NGN
Low
124.2 NGN
124.2 NGN
124.2 NGN
109.29 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-3.47%
-25.98%
-62.11%
-24.55%

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

LAB to NGN market statistics

LAB/NGN:
₦128.39
LAB 24h volume:
₦12,107,769,976
LAB market cap:
₦29,580,784,969.07
LAB circulating supply:
230.40M LAB

Current LAB to NGN exchange rate

LAB to Nigerian Naira is falling this week.
LAB's current market price is ₦128.39 per LAB, with a total market cap of ₦29,580,784,969.07 NGN based on a circulating supply of 230,400,000 LAB. The trading volume of LAB has changed by -40.77% (₦-8,335,358,577.73 NGN) in the last 24 hours. Last trading day, LAB's trading volume was ₦20,443,128,553.73.

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

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How to convert LAB to NGN

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LAB to NGN Conversion tables

The exchange rate of LAB is decreasing.
The exchange rate of 1 LAB to Nigerian Naira has changed by -25.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.47%, reaching a high of 143.2 NGN and a low of 124.2 NGN . One month ago, the value of 1 LAB was ₦335.35 NGN , which represents a -62.11% change from its current value. Over the last year, LAB has changed by
+
126.06NGN
, resulting in a change of -24.55% in its value.
24 hours ago1 month ago1 year ago
Amount 12:57 today 24 hours ago 24h change
0.5 LAB
₦64.19₦66.46
-3.47%
1 LAB
₦128.39₦132.93
-3.47%
5 LAB
₦641.94₦664.63
-3.47%
10 LAB
₦1,283.89₦1,329.25
-3.47%
50 LAB
₦6,419.44₦6,646.26
-3.47%
100 LAB
₦12,838.88₦13,292.51
-3.47%
500 LAB
₦64,194.41₦66,462.57
-3.47%
1000 LAB
₦128,388.83₦132,925.14
-3.47%

LAB to NGN FAQ

How much is 1 LAB in NGN?
Right now, the price of 1 LAB (LAB) in Nigerian Naira (NGN) is ₦128.39.
How much LAB can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.007789 LAB for 1 NGN.
How do I calculate or convert LAB to NGN?
You can use our LAB to NGN calculator at the top of this page to convert any amount of LAB to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.03894 LAB, while 5 LAB will cost around 641.94NGN.
What is the highest price of LAB/NGN in history?
The all-time high price of 1 LAB in NGN is ₦665.21. It remains to be seen if the value of 1 LAB/NGN will exceed the current all-time high.
What is the price trend of LAB in NGN?
Over the past 7 days, the exchange rate of LAB (LAB) has gone down by 25.98%.   Over the last month, the exchange rate of LAB (LAB) has gone down by 62.11% against Nigerian Naira (NGN).

What factors influence the conversion rate of LAB to NGN?

There are many factors that affect the relationship between LAB 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 LAB/NGN. When there is positive news in the market about the widespread adoption of LAB or major technological breakthroughs, it tends to trigger market optimism and drive the rise of LAB/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in LAB/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 LAB/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 LAB 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 LAB currency pairs: LAB to US Dollar (USD), LAB to Euro (EUR), LAB to Pound Sterling (GBP), LAB to Canadian Dollar (CAD), LAB to Indian Rupee (INR), LAB to Pakistani Rupee (PKR), LAB to Brazilian Real (BRL), LAB to…
The price of LAB in the US is $0.08833 USD. Additionally, LAB’s price is €0.07667 EUR in the eurozone, £0.06741 GBP in the UK, C$0.1246 CAD in Canada, ₹7.92 INR in India, ₨24.93 PKR in Pakistan, R$0.4774 BRL in Brazil, and more.
The most popular LAB currency pair is the LAB to Nigerian Naira(NGN). The price of 1 LAB (LAB) in Nigerian Naira (NGN) is ₦128.39.

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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.