Nigeria - Business Customs Nigeria - Business Customs
Business visitors should be appropriately dressed. Casual dress may convey a casual attitude, especially to European trained Nigerians. Titles should be used, particularly the honorific titles of traditional leaders. Company representatives should be flexible in business dealings and able to make decisions on contractual matters without lengthy referral to their home offices. In Nigeria, important business is conducted face to face. No worthwhile transactions can be completed quickly or impersonally. Follow up visits are common.
Business appointments preferably are made through personal calls, hand delivered messages, or cell phone conversations or text messages, since the landline based telephone/fax system is unreliable and the mail is slow. Nigerians are not known for punctuality. Visitors should confirm their appointments and contacts well before departure from the U.S. Important documents or correspondence should be sent via reputable courier, such as Fedex, DHL or UPS, and show a Private Mail Bag (PMB) or Post Office Box (P.O. Box) as well as street address.
Nigerian currency is the naira (N), which is divided into 100 kobo. Notes come in denominations of 1000, 500, 200, 100, 50, 20, 10 and 5. Coins exist but are seldom used.