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Posts published in “Export”

FIRS generates N3.3tr from non-oil export

The Federal Government has generated N4.2 trillion revenue so far this year.

A statement from the Federal Inland Revenue Service (FIRS) issued yesterday said about N3.3 trillion, that is over 77 per cent of the total collection, came from the non-oil sector.

AfCFTA receives boost as cross-border payment system takes off

African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African Payment and Settlement System (PAPSS), a financial market infrastructure to enable instant, cross-border payments in local currencies among African markets launched two years ago.

ITA, NEPC launch first E-Lab Innova training for agribusinesses

The Italian Trade Agency (ITA), a governmental agency that supports business development, partnerships and collaborations between Italian companies and their local counterparts, has launched the first E-Lab Innova in Nigeria.

The E-Lab Innova is an educational training program for the agri-food sector in Nigeria, which will be implemented in collaboration with the Nigerian Export Promotion Commission (NEPC) alongside other Italian partners, such as MACFRUT, a leading exhibition for the agribusiness industry.

500,000 families earned $500m cashew export, says FG

The Federal Government 0f Nigeria on Sunday put the country’s earnings from the export of cashew at $500m and stated that this was supporting about 500,000 families across the country.

Minister of Agriculture and Rural Development, Sabo Nanono, disclosed this in Abuja when he signed a Memorandum of Understanding with the United States Department of Agriculture West Africa PRO-Cashew Project.

The Federal Ministry of Agriculture and Rural Development said in a statement issued in Abuja by an officer in the press department, Okeh Juliet, that the project would be for the development of the cashew agro industry.

Olam, BAT, eight others Earned $100m from Exports In Nigeria– CBN

CBN latest monthly economic report disclosed that Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria.

Part of the report read, “Estimates of export proceeds of the top 10 non-oil exporters for November 2020 was $100.88m.

Nigerian Sesame Seed Gets International Certification

Nigerian Sesame Seed Gets International Certification

The chief executive officer of the Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo has expressed delight over the attainment of Global Organic Certification status for Nigerian sesame seed by WACOT Nigeria from ECOCERT International.

He disclosed this in his Abuja office when he hosted the National Sesame Seeds Association of Nigeria (NSSAN) led by the president, Mr Sheriff Balogun and his deputy, Mr Sadiq Kassim.

BATN,Olam Eight other Nigeria Exporters Earn $100.88m in One Month

Top 10 Nigeria traders earned $100.88m from non-oil goods exported in one month according to latest figures obtained from the Central Bank of Nigeria.

Most of the exports were agriculture produce such as cocoa beans, cashew nuts, and sesame among others.

CBN, Reps, Customs to Fast-track Export Processing Automation

Nigeria House of Representatives has asked the Central Bank of Nigeria and the management of the Nigeria Customs Service to fast-track the automation of export processing at the port to avoid delays which has resulted in huge loss of revenue to the government.

Chairman of the Technical Committee of the House Committee on Customs and Excise, Hon. Leke Abejide, who made the call when he led members of the committee on an oversight to the Area 2 Customs Command at Onne, Rivers State, said the lack of automation of the process had slowed down export activities.

CBN Procedures Creating Bottlenecks for Nigeria Exports – Exporters

The pre-export requirements recently introduced by the Central Bank of Nigeria (CBN) is currently frustrating the export of goods from Nigeria to other nations, exporters declared on Wednesday.

Speaking under the aegis of the Network of Practicing Non-oil Exporters of Nigeria, they stated that the electronic Nigeria Export Proceed Form being required by the bank from exporters had come with enormous bottlenecks.

The President, NPNEN, Ahmed Rabiu, said in a statement issued in Abuja that the new procedure had so many layers of activities that often led to delays and loss of income on the part of exporters.