Wish to buy some dollars in Nigeria? Find out how to do it safely and where to buy.
The problem to exchange naira to dollar is a significant one in Nigeria. Many a times scammers give people fake money bills or cheat on the exchange rate. Or, you get in danger if you come carrying much money on you to get the dollars from a stranger. So, what is the best place to buy US dollars in Nigeria?
Buy US dollars online
That is the first option. At least you stay safe and would not suffer during some robbery. That is a good thing about online currency exchangers. One of the services to use is http://bdc.naij.com/. People get online and offer what they have: some sell and some buy. It’s an easy way to get connected and get your business done.
Alade Market and Hausa Mallams
That is another destination. You can buy US dollars best rate there. Only people say that it is not a good idea to deal with the Yoruba traders. Even many Yoruba people say those guys are cheating. So, pick the native Hausa ones and go for it.
BUREAU DE CHANGES
A safe place to change naira to dollar is the Beureau De Changes. They have offices and you would not get cheated there. Although, some folks say the exchange rate is not what they want it to be there.
When is the best time to buy us dollars?
Well if you are planning on making some money on exchange rate, then buy when naira goes up and dollars go down. This way later on you can convert dollar to naira with profit, when the course changes and naira drops down a bit again.
As you see, there are many options to resort to. You can pick the one you like the best only watch out for the scammers and fakes.