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Money

What a Nigerian actually needs to know about money.

Canton Fair 8 China Visa 17 Shipping and Clearing 37 Buying and Sourcing 126 Where China Makes What 11 Money 17 Travelling and Living 25 The Nigerian Side 15 Selling to China 15 Selling it in Nigeria 12 News and Updates 5
Guide Money 7 min Yuan to naira: how the exchange rate works for an importer The yuan to naira rate an importer pays is three rates: the bank's official rate, the agent's rate and the Customs rate for duty. How each is set in 2026. A Nigerian buyer holding a phone up to a merchant's QR code at a market stall in Guangzhou, the Alipay or WeChat scan screen visible Guide Money 7 min WeChat Pay and Alipay for Nigerians visiting China How a Nigerian visitor sets up WeChat Pay and Alipay in China, which card works, the limits and fees on a foreign card, and why the wallet is not for suppliers. A printed proforma invoice on a desk with a red company chop at the bottom, a pen and a highlighter marking the HS code line Guide Money 9 min Proforma invoice from a China supplier: what to check first The proforma invoice from a China supplier is what your bank, your clearing agent and any dispute rest on. The fields it must carry, and what suppliers leave out. Two hands across a table, one holding a proforma invoice, the other a phone showing a bank transfer confirmation screen with the amount blurred Guide Money 9 min China supplier deposit and balance: when to release money The China supplier deposit is where the risk sits. What 30 percent down and 70 percent against the bill of lading means, what to receive before the balance. A bank transfer confirmation on a phone screen next to a WhatsApp chat, with the amount and names blurred, a worried hand on the table Guide Money 9 min China payment scams: how the money disappears China payment scams are about the money leg: the agent who pads the rate or vanishes, the changed account, the fake transfer confirmation, the release fee.
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