Good day fellow Nigerians, please i need genuine advice on importation business. presently, i'm planning to go into importation but someone told me i would be charged at the black market rate if i use a master card. please which payment method is better? or which payment processor can i transfer money to in Naira that will convert it to dollar at the official rate? the site i want to import from is Aliexpress.All replies, suggestions are welcomed. thanks in Advance.

My advice to u is to use ur master card and make the payment. Bank won't charge u d exact black market rate. For instance is dollar is 320naira in the parallel market bank will charge u 299 naira or lesser depending on the bank u are using. And if black market is 350 banks might charge u 315naira. But if u decide to do bank transfer or western union that another stress and bank will also charge u almost the same thing they will charge u when using ur master card. So don't waste your time just do paypal and rest

thanks a lot, that's noted.