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. In Nigeria for instance, some goods are banned from being […]
Export Prohibition Items in Nigeria (2022 Updated) Read More »
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.
Import Prohibition Products in Nigeria (2022 Updated) Read More »
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 $1. It has never been so terrible for the naira against the US dollar, two other major currencies gained more against naira, one pound was N750 while one
1 USD Now N550, Targets N600/$ Before December 2021 Read More »
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. In the exporting process, you must understand the roles of the major players for the
32 Best Freight Forwarders in Nigeria That Export Products To Foreign Buyers Read More »
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. Having meant all the conditions above,
7 Key Customs Requirements To Export From Nigeria Read More »
In 2019, ginger export brought in $10.4million for Nigeria. In this guide, we’ll show you at least 30 countries where you can find international buyers for ginger which is also known as chita in the North. Apart from its medicinal use, ginger is used for spices and the demand for it in the international continues
30 Countries to Find Foreign Buyers for Ginger Read More »
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. The rumour first surfaced on social media that the apex would be converting to naira domiciliary account holdings How True Is This Report? The same
Fact Check: Is CBN Planning To Convert Domiciliary Account to Naira? Read More »
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.
CBN to Revoke Forex Operating Licence of Banks That Engage in Sharp Practices Read More »
An export certificate is a licence that is issued by the government which gives an individual or a company the permission and authority to partake in the export of raw or finished products from a country to another. In Nigeria, for instance, non-oil product licences are issued by Nigerian Export Promotion Council (NEPC) after an
8 Easy Steps To Obtain Export Certificate from Nigerian Export Promotion Council Read More »
Nirsal Micro Finance Bank has launched a non-interest banking window for Targeted Credit Facility and the Agric Small Medium Enterprise Scheme (AGSMEIS). With the latest announcement, NMFB joins the list of four other banks in Nigeria that offers non-interest banking products, Jaiz bank is the first financial institution in Nigeria to start the Islamic principle
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