Convert your NGN to ZWL
NGN to ZWL Comparison Table
| Feature | NGN (Nigerian Naira) | ZWL (Zimbabwean Dollar) |
|---|---|---|
| Currency Code | NGN | ZWL |
| Symbol | ₦ | Z$ |
| Issuing Authority | Central Bank of Nigeria | Reserve Bank of Zimbabwe |
| Economic Strength | Developing, resource-based economy | Developing, resource-based economy |
| Exchange Rate Volatility | High | Extremely high |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Limited digital payment infrastructure |
| Inflation Rate | Historically high | Hyperinflation |
| Interest Rates | High | High |
| Foreign Exchange Reserves | Moderate | Low |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Limited |
Key Observations:
- Both NGN and ZWL are currencies of developing, resource-based economies facing significant economic challenges.
- High inflation rates are a common issue for both countries, with Zimbabwe experiencing hyperinflation.
- Zimbabwe has a less developed digital payment infrastructure compared to Nigeria.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to ZAR NGN to SDG NGN to SZL NGN to TND | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | North America Currencies |
| NGN to RON NGN to RSD NGN to SEK NGN to TRY | NGN to GTQ NGN to GYD NGN to HNL NGN to JMD |
Registered Banks in Nigeria and Zimbabwe for Naira/Currency Exchange
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Zimbabwe | CBZ Bank | Harare |
| Zimbabwe | Standard Chartered Bank Zimbabwe | Harare |
| Zimbabwe | Barclays Bank Zimbabwe | Harare |