Nigeria Currency
Nigeria (01/05)
Before the colonial period, the area which comprises modern Nigeria had an eventful history. More than 2,000 years ago, the Nok culture in the present Plateau state worked iron and produced sophisticated terra cotta sculpture. In the northern cities of Kano and Katsina, recorded history dates back to about 1000 AD. In the centuries that followed, these Hausa kingdoms and the Bornu empire near Lake Chad prospered as important terminals of north-south trade between North African Berbers and forest people who exchanged slaves, ivory, and kola nuts for salt, glass beads, coral, cloth, weapons, brass rods, and cowrie shells used as currency. ... [Read More]
Nigeria
The Nigerian currency, the naira, is non-convertible. U.S. dollars are widely accepted. Nigeria is a cash economy, and it is usually necessary to carry sufficient currency to cover the expenses of a planned visit. Credit cards are rarely accepted beyond a few upscale hotels. Due to credit card fraud in Nigeria and by cohorts in the United States, credit card use is strongly discouraged. While Citibank cashes some travelers checks, most other banks do not. American Express does not have offices in Nigeria, but Thomas Cook does have offices in Nigeria. Inter-bank transfers are often difficult to accomplish, though money transfer services are available. For further information, visitors may contact the U.S. Embassy or Consulate. ... [Read More]
Tips for Business Travelers to Nigeria
"What Can the U.S. Embassy Do?" The U.S. Embassy will try to help you leave Nigeria unharmed, perhaps including regularization of immigration status, replacement of your passport, communication with relatives in the U.S., and, if necessary, provision of an emergency repatriation loan. To date, however, the U.S. Embassy has never b ... [Read More]
Current Travel Warnings
Travel Warnings are issued when the State Department recommends that Americans avoid a certain country. The countries listed below are currently on that list. In addition to this list, the State Department issues Consular Information Sheets for every country of the world with information on such matters as the health conditions, crime, unusual currency or entry requirements, any areas of instability, and the location of the nearest U.S. embassy orconsulate in the subject country. Jamaica and the Cayman Islands 07/14/2005 ... [Read More]
Tips for Business Travelers to Nigeria
Crude Oil: The operator claims to have an allocation of crude oil to sell you - cheap. Sometimes, the operator claims to be working on behalf of the Nigerian National Petroleum Corporation. Then come demands for various fees to supply you with the crude; of course, you never get your cargo. The Crude Oil Marketing Division of the NNPC is the only authorized seller of the Corporation's crude. Businesses lacking experience with Nigeria's petroleum industry should approach with great caution any proposal involving crude oil sales. Business Opportunity: The operator convinces you to explore a business opportun ... [Read More]
U.S. Embassy, Nigeria: Crossroads
The Editor U.S. Ambassador Howard Franklin Jeter (left) with Deputy Commissioner of Police Chris Dega, U.S. Regional Narcotics and Law Enforcement Officer Mark Taylor, and U.S. Secret Service ... [Read More]
U.S. Embassy, Nigeria: Press Release
"419" fraud is not limited to the advance fee fraud schemes that have a "get rich quick" character appealing to greed. Counterfeit corporate bank drafts, money orders, and stolen credit cards are also part of the "419" fraudster’s diverse criminal portfolio. Identity theft is another growing problem. Identities of Americans – and citizens of many other countries -- surfing the web have been stolen by criminals in the UK, Romania, Russia, and the United States, among other countries. As technology evolves, so does the criminal. Advanced computer graphics, internet web solicitations and desktop publishing of counterfeit currency, checks and credit cards facilitate these crimes. The 100 hours of basic computer training included in the assistance package is designed to help the NPF address these new forms of "419." ... [Read More]
The United States Diplomatic Mission To Nigeria: Information Section - Crossroads - CPAO's Note
The $125 million allows Citibank to offer additional currency projects, both in U.S. dollars and local currencies, and corporate loans in the sub-Saharan region.The focus will be on Nigeria, Angola, Botswana, Cameroon, Ethiopia, Kenya, Mali, Mozambique, Senegal, Tanzania and Uganda. In an effort to stimulate small businesses, a portion of the fund is reserved for small and medium-sized enterprises. ... [Read More]
The United States Diplomatic Mission to Nigeria: Mr. Thomas P. Furey, Deputy Chief of Mission, U.S. Embassy, ACCESS Micro-Scholarship Ceremonies , Zaria and Kano December 6 and 7, 2004
The 10 young people receiving awards this morning deserve our praise for successfully completing a rigorous selection process. For the next three years of their senior high school education, each student will receive up to 65,000 Naira per annum to cover school fees, textbooks, transportation and uniforms. By our estimation, the cost of educating these students is approximately two million naira. In US currency, the amount is approximately fifteen thousand dollars. ... [Read More]
U.S. Embassy, Nigeria: Crossroads
The Editor Professor David Harrell [Read More]
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