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Category Archives: Export

Chinese, Indian Firms Illegally Mining Nigeria’s Solid Minerals

Nigeria Extractive Industries Transparency
Initiative (NEITI) has disclosed that Chinese and Indian
companies have been involved in illegal mining of
Nigeria’s solid mineral deposits across the country.
Chairman of the National Stakeholders Working Group
(NSWG) of NEITI, Mr. Ledum Mitee, confirmed at the
presentation of the inaugural audit report on Nigeria’s
solid mineral sector, which was commissioned and
released weekend in Abuja that several illegal artisanal
operations in Nigeria’s solid mineral sector were being
sponsored by Chinese and Indian companies but with
support from local authorities.

Man Arrested In Lagos For Attempting To Export Indian Hemp To China

Lagos – The National Drug Law Enforcement Agency (NDLEA) on Friday apprehended a man, 40, for attempting to transport Indian hemp (Cannabis Sativa) to China.

This is contained in a statement by Mitchel Ofoyeju, Head of Public Affairs of the agency.

According to the statement, the man, a medicine dealer, was apprehended at the Murtala Mohammed International Airport (MMIA), with cannabis he ingested.
The statement quoted the NDLEA Airport Commander, Hamza Umar, as saying that the man was a serial offender and had been caught several times.

Checking Hindrances To Export Of Fruits & Vegetables rom Nigeria – DHL Aviation Manager

Export Business – Despite opportunities for Nigeria to export to European market, the many layers of agencies checking export produce are hindering the full realisation of the country’s potential.

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This was disclosed in Lagos by Abayomi Adetola, ACS Commercial Manager, Sub-Saharan Africa, DHL Aviation.
Fruit, vegetable and flower export yields triple gains at the export market, compared to when sold locally, he noted.

Federal Government Launches e-Registration Website To Tackle Informal Exports

Export – The Nigerian Export Promotion Council (NEPC) has launched e-registration Website and e-registration booklet to reduce the volume of consignment leaving the country through informal exports.

Federal Government Launches e-Registration Website To Tackle Informal Exports

 

 

 

 

 

 

 

 
The Executive Director, NEPC, David Adulugba, who said this at the launch in Abuja expressed regret that the quantum of goods leaving the country annually without documentation was worrisome.

Federal Government To Export $10m Worth Of Vegetables

Export – The Federal Government of Nigeria plans to export fresh vegetables worth $10 million in 2013, Mr. Mike Kanu, Deputy Director, Horticulture in the Federal Ministry of Agriculture, has said. Kanu said this in Umuahia at the commencement of the distribution of two tonnes of telferia seeds to selected farmers in Abia State.

Federal Government To Export $10m Worth Of Vegetables

 

 

 

 

 

 

 

 

 

 

 

He said that the Federal Government was poised to transform the horticulture value chain as well as promote the sale of perishable goods from Nigeria in the international market.

Nexim’s Total Loans To Nigerian Exporters Hits N70bn – Md

Business News (Export) – Total loans advanced to exporters by the Nigerian Export Import Bank (NEXIM) as at December 2012 has reached a threshold of over N70 billion.
The Managing Director of NEXIM Bank, Mr. Roberts Orya, made this disclosure yesterday at the Finance Correspondents Association’s (FICAN), 2012 Annual General Meeting (AGM) held at the Transcorp Hilton in Abuja,Nigeria.
Orya who was represented by the Assistant General Manager/Head, Project, Very Reverend Ifeanyi Nwade also said that under the direct lending facility, NEXIM grants short, medium and long term fixed rate loans to exporters in Nigeria directly under co-financing arrangement with eligible banks.
He noted that direct loans are available to assist exporters complete their exports sales by providing working capital, facilities and funds for procurement of equipment.

Cocoa Export Business In Nigeria Hits $900m

Business News (Export) – The profile of Nigeria’s cocoa Export Business sustained its rising trend last year, as the nation earned $900 million (N142 billion), against $882.9 million realised in the previous year, from the commodity’s trade in the global market.

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However, the rising cases of rice smuggling into the country may have compromised the nation’s quest for self sufficiency in the commodity’s production, as N32 billion revenue was lost to the activities of smugglers last year.

Barclays Bank Set Aside extra £1bn Charge for Mis-selling

Business News (UK) – UK Scandal-hit Barclays bank said Tuesday that it will set aside another £1.0 billion to cover compensation for the mis-selling of both credit insurance and interest rate hedging products.
Barclays, which was rocked last year by the separate Libor rate-rigging scandal, said in a brief statement that it hiked its provision for the mis-selling of payment protection insurance by another £600 million, taking its total bill to £2.6 billion.
The lender added that it would also increase its provision for the mis-selling of interest rate hedging products to small businesses by £400 million to a total of £850 million.

Nigeria Losses huge Forex, Jobs Due to Poor Cashew Products Packaging–Minister

Business News (Export) — Dr Akinwumi Adesina, the Minister of Agriculture and Rural Development, has said Poor handling of cashew locally has cost Nigeria huge losses in foreign exchange, .

Dr. Adesina made the observation at the second Stakeholders and Action Plan Formulation Forum organised by the National Cashew Association of Nigeria (NCAN) on Wednesday in Lagos. He said the situation also denied the country of employment opportunities.
The minister was represented by Mr Olusi Adegbola, a Federal Director in the ministry. Adesina said that increasing cashew production of 120,000 tonnes by 20 per cent would create more than 344,000 jobs.

Russian Poultry Businesses Hopeful for Speedy Export To EU

Business News (Agriculture) –Russian poultry businesses can begin to export their products to the EU as early as in a few months time.

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This was announced by Russia’s Minister of Agriculture Nikolai Fyodorov at a press conference in Berlin, which is hosting an international agricultural exhibition “Green Week 2013″.