Input the right figure to convert your NGN to AED
NGN to AED Comparison Table
| Feature | NGN (Nigerian Naira) | AED (United Arab Emirates Dirham) |
|---|---|---|
| Currency Code | NGN | AED |
| Symbol | ₦ | د.إ |
| Issuing Authority | Central Bank of Nigeria | Central Bank of the UAE |
| Economic Strength | Developing, resource-rich economy | Developed, oil-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic and international transactions, tourism |
| Digital Payment Adoption | Growing adoption, mobile money prominent | High adoption, advanced infrastructure |
| Inflation Rate | Historically high | Low inflation |
| Interest Rates | High | Relatively low |
| Foreign Exchange Reserves | Moderate | Substantial |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Significant, diverse sectors |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the AED is a stable currency from a developed, oil-based economy.
- The AED is widely used in international trade and finance, while the NGN is primarily used domestically.
- Digital payment adoption is more advanced in the UAE compared to Nigeria.
- The interest rate differential between the two countries is significant.
- The UAE has a diversified economy, reducing its reliance on oil compared to Nigeria. FDMO-UAE Economy Overview – Ministry of Finance – United Arab Emirates mof.gov.ae
- The AED is pegged to the USD, providing it with additional stability. www.oanda.com
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to UGX NGN to XAF NGN to XOF NGN to ZMW | NGN to TJS NGN to TRY NGN to TWD NGN to UAH |
| European Currencies | North America Currencies |
| NGN to RON NGN to RSD NGN to SEK NGN to TRY | NGN to BSD NGN to CAD NGN to CUP NGN to DOP |
Top Banks in Nigeria and United Arab Emirates to Convert Naira to Dirham
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| United Arab Emirates | First Abu Dhabi Bank (FAB) | Abu Dhabi |
| United Arab Emirates | Emirates NBD | Duba |
| United Arab Emirates | Abu Dhabi Commercial Bank (ADCB) | Abu Dhabi |