Unicorn Currencies
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🇦🇪→🇳🇬

Send Money from United Arab Emirates to Nigeria

Businesses in United Arab Emirates paying Nigeria suppliers for Oil & Gas. Send AED from United Arab Emirates, receive NGN in Nigeria with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local AED collection + local NGN delivery = no correspondent bank fees

Save £3,535 per £100k Payment

United Arab Emirates to Nigeria corridor savings

Traditional Bank
£4,040
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local AED collection
  • ✓ Transparent 0.5% spread
  • ✓ NIBSS Instant Payment (NIP)
Your Savings
87%
£3,535 per £100k
At £300k-£3M monthly, save £8,846/year

Sending from United Arab Emirates: What You Need to Know

AED Origin Specifics

  • AED pegged to USD (3.67 fixed rate)
  • Corporate Tax 9% (effective 2023)
  • Free Zone invoice requirements

Your Local Advantages

  • Local AED account available
  • UAEFTS (UAE Funds Transfer System) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
UAEFTS (UAE Funds Transfer System)
Same-day • UAE domestic instant transfers. All local banks connected.

Paying Suppliers in Nigeria: Compliance & Requirements

Regulatory Considerations

  • Central Bank of Nigeria (CBN) foreign exchange regulations
  • Form M (Import documentation) required for imports
  • Treasury Single Account (TSA) compliance for government payments
  • SWIFT code verification critical for international transfers

Payment Best Practices

  • Use NIP for instant settlement - avoid SWIFT delays
  • Nigeria = Africa's largest economy, growing trade hub
  • Multiple exchange rates exist - ensure you get interbank rate
  • Oil & gas payments require enhanced due diligence
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via NIBSS Instant Payment (NIP)

United Arab Emirates → Nigeria Corridor Insights

Popular Industries

  • Oil & Gas
  • Agriculture
  • Manufacturing

Peak Trading Hours

GST (GMT+4) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send AED from United Arab Emirates to Nigeria?

Save 87% on every payment with t+0 (2.3s avg within unicorn network). Local AED collection available.

Open AccountView Nigeria Details

Bank of Canada registered PSP | FINTRAC licensed MSB