Shopping in Lagos is a colourful affair. Whether it's a market, mall, or boutique store, the city has something for all shoppers. When planning your trip to Lagos, it is best to put aside at least a day for exploring the various shopping opportunities on offer.The larger shopping malls are located on Lagos Island and the Lekki Peninsula. Shoppers wishing to find clothes, jewellery, electronics and high-end souvenirs should head to Victoria Island's Palms Mall, Megaplaza, and Park 'n Shop. Lagos has a great selection of mementos and gifts for friends and family back home. Keep in mind that virtually no shops will accept foreign credit cards, and deal only in cash.Visitors wishing to buy masks, crafts, paintings, statues, and local jewellery will be in their element at Oyubo Market, which is located eight miles (14km) from the city centre. The market is divided into a food section and a handicraft area. The food section is particularly worth visiting for local cuisine. Many of the city's hotels, particularly the Meridien Eko Hotel, have great gift shops and traders stationed outside the hotels.Counterfeit goods are widely available in the informal markets, and can be had for extremely low prices. Bargaining is essential: a general rule of thumb is to offer a third of the asking price. Most seasoned hagglers will agree that starting at a third of the asking price and settling at half is the best way to get the item you are after.