Do not go to the black market in Nigeria

Nigeria is the largest population (100 million people) Country of Africa, and one of the most prosperous economic terms – in African standards, of course. This is not a tourist power, although here, as in Kenya and in Tanzania, there are wonderful national parks. But if a Russian goes to Nigeria, almost always this businessman who has some cases in Africa.

Nigerian monetary unit is called "Nira". She is divided into 100 kobo.

To export from the country and import the national currency is allowed for the amount of no more than 50 Naire (that is, less US $ 1 at the current market rate). You can import foreign currency without limitation. At the entrance, it is supposed to fill out a currency declaration, and when you leaving it to customs, so that they can make sure that you are not carrying home more than SCs than brought to Nigeria. The attitude of the guards of the Nigerian economic border to this document changes periodically. Then they almost do not pay attention to him, then the campaign of the fight for the tightening of currency control is rolled through the border points, and the declarations begin to check the most stringent way. If at such a moment you will try to leave the country without a currency declaration, it’s almost certainly the confiscation of all money detected with you. Therefore, just in case, do not forget to arrange this important document in the first minutes in the Nigerian land and do not lose it later.

In Nigeria, there are two Niir courses: official and parallel. The official was recorded in early 1994 at the level of 22 Niir for the US dollar and has not changed since. The parallel rate for the same time decreased from 47 to the current 81 Niir per dollar. Commercial banks and exchange offices in large hotels work on the parallel rate. Official is intended for settlements on foreign trade operations, and in everyday life you will not come across anywhere.

Nigeria – a country of strict currency control. Calculations in SD here are not allowed, the unofficial exchange of money is considered a criminal offense. Deltsi of the Black Monetary Market Flanged before the branches of banks in large cities, but not to contact them. The risk is too large: either you will be shown "Doll" (from top of the banknote, from below – another one, and in the middle – a pack of chopped newspaper paper), or an eye on the eyes of a policeman – and then you are a direct road for the prison grille. By the way, in contrast to many other African countries, in Nigeria, not all police officers take bribes, and rely on the fact that the order of order can always be paid off, it’s not worth.

Money should be changed in banks (experienced travelers especially recommended Union Bank of Nigeria branches) or in large hotels. Moreover, you can change the total cash. And if you do it somewhere in the province, then you have to have American dollars or pounds sterling. Only these currencies take provincial banks. In major cities – Lagos, Kano – no problems with any SLE.

Do not go to the black market in Nigeria

Problems there are with credit cards and road checks. Get money on the most common Visa and MasterCard cards in Nigerian banks are impossible. American Express cards are accepted by some banks, representative offices of foreign airlines and expensive hotels and high-end shopping facilities. But even in Lagos of places where you can use your card, a little, and in the overwhelming majority of other Nigerian cities there is not at all.

Travel checks Banks casual, but take high commissions for it. Cash off checks in hotels – and at all. Commission there can reach 20 percent.

The only advantage of hotels in front of banks is the speed of service and round the clock operation of exchange points. Banks close at 13.30, and the exchange of money there is associated with standing in long queues and filling the pile of papers.

Since the Niir course is quite stable, it makes sense to spend time in a bank and exchange the whole amount that you plan to spend during your stay in Nigeria. But to wear it with it in no case should not. This is especially true of Lagos, which is known for a high level of street crime. Armed robbers (including in broad daylight) here – everyday phenomenon. Leaving the hotel, put in the pocket exactly as much as you need to live to the evening. Store the remaining money in a hotel safe.

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