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.
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. Read more…
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.
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. Read more…
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.
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. Read more…
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.
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.
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.