How to Start an Import Business in Nigeria: A Practical Guide
16 October 2026 - Naira BriefingImporting is one of the most common routes into business in Nigeria — but it lives or dies on two things most beginners underestimate: the paperwork and the exchange rate. Getting both right is the difference between a margin and a loss.
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The core steps
- Register and get documents — company, tax, and a bank that handles trade.
- Find and vet suppliers — see paying Chinese suppliers.
- Handle the paperwork — Form M is the backbone of a legal import.
FX is the hidden margin
Your landing cost is a dollar cost, so the rate you pay suppliers at decides your profit — which is why pricing and hedging FX matter from day one. Start small, learn the process, and treat FX as a core skill, not an afterthought.
Starting to import and need supplier FX? Message us — we convert naira to dollars at a market-based rate, documented.
Starting to import?
We convert naira to dollars for supplier payments at a market-based rate.