Top best answers to the question «What is the maximum amount of cash allowed to travel in nigeria»
Currency Export regulations:
Foreign currencies: up to USD 5,000. -. Exceeding amounts must be declared upon departure. Non-residents: local currency: up to NGN 5,000.
10 other answers
PTA is at $4,000 per quarter and $16,000 per annumNetBizguy: Please fellow Nairalanders I want to know the maximum amount of cash USD allowed to travel out of Nigeria its 4k bro, per quarter. in total 16k 4 a year for personal
Customs Import regulations: Free import by passengers of 18 years of age or over: - 200 cigarettes or 50 medium sized cigars or 200 grams of tobacco of foreign manufacture; - 1 liter of spirits and 1 liter of wine; - 284 centiliter of perfume or eau-de-Cologne or other perfumed spirits; - personal effects; - gifts valued up to NGN 50,000.- (excl. jewellery, photographic equipment, electronics ...
Russell08: Please this is very very urgent, I have a flight to catch back to Nigeria tomorrow and i really wish to know the maximum amount in cash i can come along with into the country. Thanks please it's very urgent.
Customs Cash Limits How Much Cash Can You Carry On A Plane If you thinking of flying with money you need to check how much cash you can take on your flight. Foreign currencies: up to the amount imported and ...
Be aware of the law that you may enjoy your Nigeria trips: CBN has banned US$ Domiciliary accounts in Nigeria. Aug, 2015; 1. BTA is reduced from $10,000 to US$1,500 for personal trip, $2,500 for business trip with provision of
Since your question did not mention cash, I will assume you can travel with any amount of money provided the money is residing in your ATM card. But if you mean cash, I will suppose Nigeria's travel limit is the same as our BTA ...
5. Sharp Objects. Sharp objects, which are capable of causing injury are things Nigerian customs must not find in your baggage. Knifes, hatchets, arrows and darts etc. are not allowed. 6. Money. Money Laundering in Nigeria is a crime. Therefore if you are carrying a cash value exceeding $5, 000, you may be prosecuted. 7.
That is, for a low-value savings account, your single deposit will not exceed N20,000, while the total amount of money you’re allowed to have in the account is N200,000. Also, the CBN set the maximum transaction limit for this account at N3,000, while the maximum daily transaction limit was set at N30,000.
Travel with less than the maximum amount of $10,000 if possible. This will make your trip less complicated, since you won't have to deal with extra customs forms or interrogation from officials.
You won’t be penalized if the amount is under $10,000 USD, and there are no duties or taxes when crossing the border with cash, so the only thing you’ll lose is a little bit of time at the airport. At the end of the day, most people prefer not to travel with an excess of $10,000 USD on them.