Category Archives: Export

Fidelity Bank Nigeria Holds Stream 5, Export Management Programme

Fidelity Bank Nigeria Plc, is set to celebrate the first anniversary of its highly regarded Export Management Programme (EMP). Launched in 2016, the EMP is a sector focused capacity building programme run by Fidelity Bank in partnership with the Pan-Atlantic University and the Nigerian Export Promotions Council (NEPC), to deliver impactful, world-class export management education to aspiring and existing players in the non-oil export sector of the Nigerian economy.

The programme which prepares participants for effective play in the international non-oil export markets in particular and the larger export markets in general, has continued to raise the bar of capacity building in exports in Nigeria. Its unique curriculum is structured to take participants through courses bordering strategically on product development for export; developing linkages with customers in importing countries; understanding the various export processes, accompanying documentation and other requirements in Nigeria and key importing countries; export products storage; quality assurance, branding and packaging, sourcing and supply chain management, logistics and shipping, export finance, business ethics, etc.

Nigeria Earned N506bn Import/Export Trade in Q2 – NBS

Nigeria made a total profit of N506.5 billion from international trade in the second quarter of 2017, down from N719.4 billion recorded in the first quarter of the year.

The Foreign Trade in Goods Statistics for the second quarter of this year released yesterday by the National Bureau of Statistics (NBS) showed that total trade was N5.70 trillion in the second quarter, being 7.7 per cent higher than the value recorded for first quarter of 2017.

The report revealed that the total export value for the second quarter stood at N3.10 trillion, representing an increase of 73.48 per cent over the first quarter of the year.

The total imports value of N2.60 trillion in the second quarter of 2017 was 13.51 per cent higher than the first quarter and 9.97 per cent higher than second quarter of 2016.

Brexit: UK Exports Outside European Union Fall Despite Weak Pound

London – Information reaching us has it that Exports of British-made goods to EU increase by £1.3bn, underlining country’s reliance on trade with continental Europe
Britain’s efforts to expand trade in goods beyond the European Union’s border took a knock in July after official figures showed the UK’s deficit with the rest of the world widened following a drop in exports.

The deficit in the trade in goods with non-EU countries widened by £2.4bn while exports to the EU grew to cut the trade gap by £1.3bn.

The figures were released as a new report from thinktank the National Institute of Economic and Social Research (NIESR) said economic growth shows signs of accelerating in the UK, albeit still at a slower pace than in recent years.

NEPC Presents Revised Export Grant Guidelines

Kano – The Nigerian Export Promotion Council (NEPC) yesterday presented the revised guidelines on Export Expansion Grant (EEG) scheme to stakeholders in Kano State for imputes and clearer understanding.

Addressing the stakeholders, NEPC’s Executive Director, Mr Olusegun Awolowo, represented by its Director, Export Development and Incentive, Mr George Enyiekpan during a forum on the revised guidelines revealed that, the Federal Government of Nigeria approved a budgetary provision for the settlement of EEG claims with the initial provision of N20billion in the 2017 budget for the settlement of this year’s claims.

Kebbi State Government Set To Export Nigeria Rice – Governor

Birnin Kebbi – Governor Atiku Bagudu of Kebbi says the state is planning to produce rice and livestock in commercial quantities for export to earn foreign exchange.

Mr. Bagudu said this in Birnin Kebbi on Thursday when he received a team of agricultural experts from the International Institute of Tropical Agriculture (IITA), Ibadan.

He said that Kebbi had recorded a 300-per-cent increase in rice and wheat production, adding that the state was second to Yobe in livestock production in the country.

He called on international research organisations to make a critical assessment of the agricultural policy of his administration which was particularly aimed at fully developing the state’s agricultural potential.

Nsukka Pepper Farmers move to Boost Production for Export

According to DIETITIANS peppers are low in calories and are loaded with good nutrition, stressing that all varieties are excellent sources of vitamins A and C, potassium, folic acid, and fiber while the spicy ones liven up bland food, making it more satisfying. Peppers come in all sizes and colours, green, orange, yellow, and red.

In Enugu State, there is serious move by Pepper farmers in Nsukka to export the crop popularly called “Ose Nsukka” abroad with a view to making more revenue from the crop.

Already, Governor Ifeanyi Ugwuanyi of Enugu State has charged an Agro exporting firm (ABX World) currently partnering with the Nsukka Chamber of Commerce and the Faculty of Agriculture of the University of Nigeria, Nsukka (UNN) to power the commercial production of the yellow pepper for all-year round export.

FACAN Seeks Measures To Boost Nigeria Exports, Curb Rejections

The Federation of Agricultural Commodities Association of Nigeria (FACAN) National President, Dr. Victor Iyama, has urged the government to monitor farmers’compliance with international standards to reduce rejections of agric exports.

Presenting a paper, titled: The problems of exporting finished agricultural products at a small and medium enterprises (SMEs) forum in Lagos, Iyama said Nigeria has the potential to become a major agric commodity trading hub, taking advantage of rising demand for agric commodities globally.

He added that consumption of agric commodities from Nigeria has increased.

At present, he said the United States, European Union (EU) and Asia were the largest importers of the nation’s agric produce.

What Nigeria SMEs Need to do to Excel in Export Business

After completing the one year NYSC programme, Garba Mohammed decided to become a full-time entrepreneur. He honed his skills in making shoes and hoped that his products would be exported abroad. But his dream of becoming an exporter has not been realised because he does not know how to go about it.

“Exporting begins with a state of mind. It is not, or should not be a casual business,” the Nigeria Export Promotion Council (NEPC) stated in its ‘Export for Beginners’ Guide.

This insists that as beginners, Small and Medium Enterprises (SMEs) must know that export business is indeed serious business.

There are three categories of exporters recognised by the NEPC: merchants, agents and producers/manufacturers. SMEs can fall within any of the three categories. It cannot however export as an individual but as a limited liability company, non-governmental organisation or cooperative.

Please Beware of Prohibited Export items, NAHCO warns workers

Lagos- The Acting Managing Director of the Nigerian Aviation Handling Company Plc, Mrs. Folashade Ode, has urged workers of the company to be vigilant and show dedication to duty.

Ode said every worker must update themselves about prohibited items on the export list so as to guide against taking them from shippers.

According to her, these items, as published on the website of the Nigeria Customs Service are maize, timber (rough or sawn), raw hides and skin (including wet blue and all unfinished leather) H.S. Codes 4101.2000.00 – 4108.9200.00, scrap metals and unprocessed rubber latex and rubber lumps.

Perishable Cargo Export From Nigeria Rises Above 10%

Export of perishable and non-perishable cargo from Nigeria to Europe, United States, Asia and other parts of the world through the nation’s airports has witnessed double-digit growth in the last two years.

The rise is predicated on the recent trade promotion drive by the government.

Experts said cargo export figures could rise, if the government and its agencies streamline cargo clearance formalities at cargo airports, through lower tariffs and cheaper rates for air freight.

Available data showed that air cargo export soared from 9,609,772 kilogramme (kg) in 2015 to 12,094,952kg last year, indicating a 25.8 percent increase.

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