Moving funds internationally requires compliance with both Nigerian and Chinese regulations. Carrying large amounts of cash is risky and often restricted.
Safe Payment Methods
- Telegraphic Transfer (TT): Standard for B2B payments via authorised banks
- Letter of Credit (LC): Recommended for large or first-time transactions
- Alipay / WeChat Pay: Useful for smaller payments when you have a verified account
- Escrow services: Trade assurance on major platforms protects buyers
Cash Travel Limits
China customs requires declaration for cash exceeding USD 5,000 (or equivalent). Nigeria also regulates export of foreign currency. Consult your bank and customs authorities before travelling with cash.
Our Advice
Always use traceable bank transfers, keep invoices and contracts, and never pay unknown intermediaries in cash without documentation.