Reduce your risk to the barest minimum

Thousands of people intend to venture into the exportation of goods and services from Nigeria to many parts of the world. A strong advantage of this is it doesn’t just serve as a means of generating large revenues for their businesses, but is also a great way to get paid in foreign currency.

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According to statistics, the most popular non-oil products, which are exported from Nigeria are cocoa, cassava, rubber, wool, cotton, palm oil, wood logs (Iroko or Mahogany) groundnut oil, cashew, garlic, and other products. Nigeria mainly exports goods to Europe and Asia

The international trade industry may be highly lucrative for traders who have learnt the ropes and can successfully chart a course that is mostly bound for success, but not knowing some key things could cause you to lose your investments whether you’re trading from Nigeria, Asia, Europe, America, Africa or other parts of the world.
To help you know some unexpected challenges you may face when shipping commodities, join us in our training program to discuss 9 challenges most international traders in Nigeria and many other parts of the world face.

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Working capital
This is the amount of money required to effectively run your export business. It involves some direct costs like; raw material purchases, packaging, transportation, laboratory services and certification(s). Indirect costs include personnel and overheads.

Payment methods

There are different payment methods available in international trade. The main options are:
Documentary credit (e.g. Letter of Credit)
Open account (e.g. advanced payment, cash against document, deferred payment)
Documentary collections (e.g. Bills of collection)
To ensure repatriation of your export proceeds, it is advisable to consult a financial adviser for appropriate payment options.

The Benefit Of Exporting

Any company or business that has invested in the import-export business has a lot to gain thereof. The import-export sector offers quite lucrative returns, especially given the advanced and expanded market reach. Exporting goods, in particular, is quite advantageous as it can give a business the necessary competitive advantage required to break even and gain a competitive edge in the market. Here is an overview of the various benefits of exporting goods.

As with any other business, starting an export business requires lots of learning and research. You need to really understand how everything works in the business. To achieve this, you may need to contact seasoned and successful exporters who have deep understanding of the Nigerian and foreign markets.

Export Market researcher

Every company out there requires some form of market research from time to time. They need to know what their consumers need and how to satisfy these needs, they need to know the latest trends in the market, and they need to know what their competitors are up to and how to stay ahead of the competition.

What are export strategies?

An exporting strategy starts with the products or services that you offer. ... This way, even before the sale is made, the company has time to modify a particular product or service to satisfy the customers' needs and preferences in the target market.

LOGISTICS EXPORTS

If you have sound knowledge in logistics in the import-export business, then staring your own export logistics department is not a big deal.

Spice Powder Processing

Spice grinding and packaging is one of the most profitable food processing business to be initiated as small and medium scale. Spice is an essential item and is considered as a tastemaker. Apart from individual spice powder like chilly, cumin, turmeric; special quality mixed spice powder processing is more profitable.

Some of the most popular items are meat spice, curry powder, chat spice etc. With changing of lifestyle and especially with changes in food habits and the increase of income level, the use of powdered spices has increased. Of late, the market for ready-to-mix of spices has grown significantly.

Learn about the market

The export market in Nigeria is so complex, you will fail if you take a plunge without having gathered enough knowledge and experience. So, before starting out you need to take your time to learn vital details about the export business such as licensing requirements, port procedures, product sourcing, working with foreign agents and distributors, locating profitable foreign markets, and so on.

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Women Multi Agro Service Limited

Women Multi Agro Services Limited is a women-owned business registered in Nigeria. We are largely involved in farming, cultivation, processing and export of organic farm and agricultural produce, agricultural consultancy, Export brokerage, manufacturing, and export services, general merchandise and export of Made-in-Nigeria goods with extensive effort on quality and packaging, general supplies and contracts. We deal on over 50 products sourced directly from our farms and processed at our factories, thereby giving our customers fresh, quality and affordable agro products that meet international health and safety standard worldwide. We are also proudly associated as an export group of the ECOWAS 50 Million African Women Speak Project Nigeria, a project that aims to connect, network and empower 50 Million African women by 2022. Our quest for excellence has led us to obtain relevant licenses to operate as a global brand able to adhere to and provide goods and services that meet international standards. Women Multi-Agro Services Limited is a Premium VIP Gold Key Member on TradeKey.

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There is quality Sheabutter available for sale.

The import/export business is the key driver of growth or recession in any country. Depending on if there are more imports or exports than the other, the effects it has on every economy, including Nigeria’s, is always profound.

While this industry is largely run by the private sector, the government regulates all of the industries and still maintains some state-owned products like crude oil to be exported only by the country, with the help of brokers to facilitate a lot of the transactions.

As an exporter you can benefit from certain export incentives in Nigeria. These are monetary, tax or legal provisions designed to encourage you to export certain goods and services. Our incentives are provided to help exporters in keeping their products competitive in the global markets. There are several Nigerian export incentives established by the export incentives and miscellaneous act.

These incentives give you numerous advantages when exporting:

the provision of financial grants lets you expand exports more easily
cost of production support makes your products more competitive in the global markets
financial support lets you facilitate greater / faster market penetration
NEPC is currently administering two export incentives: Export Development Fund & Export Expansion Grant.

Shea produce

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Business Plan Writers

Still Looking For Funds? You Now Have The Best Chance Of Getting The Finance You Need With Our Bank And Investor Ready MBA Standard Business Plans & Feasibility Study Reports.

With our highly in-depth world-class MBA Standard professional bank and investor-ready business plan & feasibility study report writing service, you can finally have the best chance of getting the finance you need for your business to succeed

One thing to know before Exporting is:

You Must Understand Import/Export Regulations Of Your Delivery Nation And Export Nation:

Different countries have different import/export policies, and beyond this, incoterms also govern how international trade is done if referenced in the purchase contract.

To be successful, you must have a good understanding of the various international trade regulations, how it affects your business, and what you can do to give yourself the best chance of succeeding within the trade laws and terms.

Failure to have a good understanding of international trade laws could cost you your investment as ignorance is no excuse to any law.

Some things to understand are export licence requirements, embargoed nations, restricted parties, incoterms, and so much more.

Opportunities In Soya beans Export In Nigeria

Why are we so focussed on the exportation of many Agricultural commodities with less value and neglecting the drive for the exportation of strategic products like Soyabeans with such a very high value that triples the combined volume of all the most traded Agricultural products in Nigeria? The answer in my opinion is the ignorance of the elite that are satisfied with status quo and therefore not seeking creative ways to more efficiently and effectively grow our non-oil export volume and the economy in general.

Export and import minerals, Sheabutter, Shea products, textile and shoes, agriculture, arts and crafts, food from Africa. Join our group to connect with manufacturers, wholesalers, suppliers, export merchants and importers from Nigeria, Ghana, Kenya, South Africa, and other Sub-Saharan African countries.

Find prospects for your export business or company and advertise your products.

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Five tips for financing

Seek help from bankers, financial and export experts
Explore available government grants and loans
Know the grants and loans available from local government areas and private parties
Factoring is a funding facility to consider for increasing your cash flow
Protect your export proceeds against non-payment risk through Export Credit Insurance

According to statistics, the most popular non-oil products, which are exported from Nigeria are sheabutter, cocoa, cassava, rubber, wool, cotton, palm oil, wood logs (Iroko or Mahogany) groundnut oil, cashew, garlic, and other products. Nigeria mainly exports goods to Europe and Asia.

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Exporters sourcing goods need a form of assurance when purchasing the goods they want to export to ensure that the quality of the goods they’re buying will be exactly the same as agreed with the international buyer when an inspection is done at the port of loading.
To guarantee the quality of goods, international buyers and most exporters employ the services of inspection companies, but mostly world-class inspection companies that are known for their quality of service, age in the industry, and consistency in delivering on guaranteeing the quality of goods loaded before it arrives the destination country.
If you want to know which companies you can use to test and guarantee the quality of goods been shipped from a sourcing point to a loading port and eventually to a destination country.