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Second, there are many liars in Nigeria, which is a reality, but it is unfair to say that Nigerians are all liars. Just go to Apapa, Lagos, Nigeria's largest port, and see if all the thousands of containers discharged to the dock every day are fraudulent. In other words, Nigeria is a big market. The key is to strictly abide by the rules of the game according to the characteristics of Nigeria when doing business with Nigerians. The development prospect of going to Nigeria is very broad.
Third, things to pay attention to when doing business with Nigerians.
(1) Don't make the D/P (collection) clause, because some banks in Nigeria may collude with customers and place orders when customers haven't paid, which will cause losses to our enterprise.
(2) The letter of credit issued by any bank in Nigeria entrusted by the customer must be confirmed by a third-country bank (and confirmed by London Bank, Citibank, Standard Chartered Bank, etc.). ), unconfirmed letters of credit will not be accepted.
(3) Don't be too enthusiastic about Nigerian customers coming to China. Generally, they have to bear all their expenses in China, and at the same time politely refuse their requests for high-grade goods and borrowing money. Don't worry about business failure. As long as the goods you sell him are profitable, your business can be done.
(4) Some customers think that Nigerian banks can't wire large amounts of foreign exchange, and do everything possible to ask you to do D/P terms. Don't promise, there are no restrictions on the remittance of large foreign exchange outside Nigeria.
(5) When the customer only pays T/T part of the payment and asks you to deliver the goods, you must pay attention that when you fax this bill of lading to the customer after delivery, you should black out the bill of lading number and container number, because in Nigeria, the customs and customers collude to take away the container only by the number on the fax of the bill of lading.
In short, when we deal with Nigeria, as long as we have a good grasp of all aspects of the plot, we will not be cheated.