7 Key Requirements To Register a Clearing and Forwarding Company In Nigeria
Clearing and forwarding companies can’t be neglected in the supply chain of goods across the border. As such exporters and importers can’t do without them.
42 List of Products Banned By CBN From Accessing Forex for Importation
A few weeks ago, specifically May 06, 2021, the Central Bank of Nigeria (CBN) insisted that it will continue to block the importation of maize into the country by denying importers access to foreign exchange.
15 Companies And 36 Names of Boko Haram Sponsors In Nigeria (Full List)
The Cabinet of the United Arab Emirate (UAE) revealed a damning list of sponsors of Boko Haram in Nigeria, a terror group that has killed close to 50,000 Nigerians and displaced more than half of the population in most part of the North-East states, most especially Borno State since it began its operation close to two decades.
Exchange US Dollar to Naira Daily Parallel Market Rate (Updated)
The parallel market exchange rate of the US dollar to Naira was N552/N562 at the time of this report.
The market is still trying to adjust to the policy of the Central Bank of Nigeria on fx sales to BDC operators in Nigeria which took place on Tuesday, July 27, 2021.
Naira Hits A New Low of NGN557/USD, NGN760/£1 At Black Market Rate
When the Naira traded at NGN545/$1 on Friday, September 10, 2021, we thought that was the worst for the Nigerian currency.
But NGN/USD has depreciated even further at the close of trading Tuesday, September 14, 2021, it ended the day at NGN557, corroborating our earlier analysis that the NGN was heading to NGN600/USD.
10 Practical Ways To Know A Loan Is A Scam
It’s a hard time, most especially for the average people around the World. The trying moment has forced millions of people around the world to seek soft loans to augment the situation.
Export Prohibition Items in Nigeria (2021 Updated)
Export prohibition items are products and goods that are legally banned from being transported outside the country of jurisdiction.
In international trade, a supplier or seller must be guided by trade and export laws in their country of residence and the destination country of goods.
Nigeria’s Apex Bank To Establish International Financial Centre To Attract FDI
The Godwin Emefiele-led apex bank announced Tuesday, September 14, 2021, that Nigerian International Financial Centre (NIFC) will be established as a measure to boost Foreign Direct Investments (FDI)
Import Prohibition Products in Nigeria (2021 Updated)
In international trade, some items cannot be imported from the producing country to another, Nigeria is no exception. There are some goods that are on the list of the Nigeria Customs Service, a security agency of the government that monitors the movement of goods into and out of the country, which is popularly called contraband.
15 Ways To Understand Export Market In International Trade
The movement of products across the border isn’t the same as inter-state trade. The seller can personally deliver an order from Ibadan to Lagos where his customers are based, it isn’t like that in international trade. Because of this, an exporter has to understand the export market before diving in.
1 USD Now N550, Targets N600/$ Before December 2021
The Naira on Monday, September 13, 2021, recorded another all-time low against the US dollar at the close of trading at the parallel market. It’s N550 against $1.
32 Trusted Freight Forwarders in Nigeria You Can Use To Export Your Products To Foreign Countries
Logistics is key to a successful export business that’s why it’s very important to understand the delivery process.
You may have great orders from prospective buyers coming in every week from around the world, a poor delivery could hinder your effort.
7 Key Customs Requirements To Export From Nigeria
There are in the export of products and goods from Nigeria, the way it is other countries, to another country.
One, the exported products must not be on the prohibited list; 2) they must comply with international standards; 3) they must also comply with the specifications of the buyer.
10 Steps To Start Exporting Ginger From Nigeria to Trusted Foreign Buyers In USA, Netherlands, and Others
Only a few Nigerians know that ginger from Nigeria is one of the non-oil products that contribute largely to the country’s GDP.
If that sounds technical, here is another fact: Nigerian ginger has an edge over others in the international market.
Fact Check: Is CBN Planning To Convert Domiciliary Account to Naira?
There are speculations that the Central Bank of Nigeria (CBN) might pounce on foreign currencies in domiciliary accounts and convert such to naira in order to stabilise the foreign market.
CBN to Revoke Forex Operating Licence of Banks That Engage in Sharp Practices
The Central Bank of Nigeria (CBN) has vowed to revoke for a year the foreign exchange operating licence of any bank that engage FX malpractices
The apex stated this in a circular entitled, “Observance of due diligence in the processing of foreign exchange transactions” which was signed by its Director of Trade and Exchanges Dr. O.S Nnaji.
8 Easy Steps To Obtain Export Certificate in Nigeria and Start Exporting Products To Other Countries
Nigeria’s economy dependence on crude oil export is an indication that hundreds of business opportunities are untapped and the only way to rake in millions of naira in revenue from exporting business in Nigeria is: 1) to know the process involved, 2) the required documentation, 3) agricultural products with the highest demand from other countries around the world.
5 Key Things About NMFB Non-Interest Banking Window For TCF & AGSMEIS Applicants Need To Know
Nirsal Micro Finance Bank has launched non-interest banking window for Targeted Credit Facility and the Agric Small Medium Enterprise Scheme (AGSMEIS).
Naira Continues Its Free Fall As $1 Exchanges For N535 At Black Market Rate
It foreign exchange market at the parallel market isn’t palatable for businesses who can not access forex through financial institutions.
At the opening of trading Wednesday it was N532 against one US dollar, but a few minutes later it dropped again to an all-time low, trading at N535 to $1, that’s the lowest value of naira ever.
Trained By J.P Morgan, Meet Muhammad Musa Bello, FCT Minister, Whose Dad Is Buhari’s Friend
One of the cabinet members of President Muhammadu Buhari with an intimidating profile is the Minister of the Federal Capitary Territory, Alhaji Muhammad Musa Bello, a cool-header Yola-man, yet a result-driven