₦airaland Forum

Export Question:
What are the pertinent details an exporter needs to understand about Letter of Credit?

Export Question:
What are the pertinent details an exporter needs to understand about Letter of Credit?

The moment you start export trade, all the doors that were locked will start opening for you.

Exportation of processed cashew nuts is what is putting foods on the tables of many families in Nigeria.

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Intending exporters, are you aware that you do not need huge amount of money to start export trade?

Intending exporters, are you aware that you do not need huge amount of money to start export trade?

Intending exporters, are you aware that you do not need huge amount of money to start export trade?

Intending exporters, are you aware that you do not need huge amount of money to start export trade?

Intending exporters, are you aware that you do not need huge amount of money to start export trade?

Export business is a very sweet business that gives very high returns on investment.

Export business is a very sweet business that gives very high returns on investment.

Export business is a very sweet business that gives very high returns on investment.

Export business is a very sweet business that gives very high returns on investment.

Export business is a very sweet business that gives very high returns on investment.

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Export Question:
What is the main function of Letter of Credit in export trade and why do exporters prefer payments under it?

Export Question:
What is the main function of Letter of Credit in export trade and why do exporters prefer payments under it?

Export Question:
What is the main function of Letter of Credit in export trade and why do exporters prefer payments under it?

Export Question:
What is the main function of Letter of Credit in export trade and why do exporters prefer payments under it?

Export Question:
What is the main function of Letter of Credit in export trade and why do exporters prefer payments under it?

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Exporters, are you are that Letter of Credit is the same with L/C or LC? It is obvious that many people do not know this.

It was reported that Nigeria would be exporting roasted cashew nuts worth $7 billion to Walmart, the biggest supermarket chain in the United States. The report credited to the Minister of Agriculture and Rural Development, Chief Audu Ogbe, said the demand is about 130,000 tonnes of cashew nuts per annum. The link below shows all the steps and processes involved in cashew nut export and that of all other non-oil products:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Presently Nigeria ships raw cashew to Vietnam, where it is roasted and shipped to the US during which process, Nigeria loss about N380 billion. Though the Minister has said that Nigeria would build six cashew processing factories to be sited in Enugu, Imo, Benue, Kogi, Kwara and Oyo States, which are the cashew belts for now to meet up with the Walmart demand, there are more big stores as well as other African shops in the diaspora, including local stores in Nigeria that will take up the stock.

Indeed with the nation’s focus on non-oil export, this is a goldmine for any investor who may wish to catch up on the opportunity now available in the processing and packaging of cashew nuts. Nigeria is one of the top ten producers of cashew in the world. Cashew is a smallholder crop and supplements the incomes of thousands of farmers across 18 states of the federation. By far, the U.S is the largest buyer of cashew kernels followed by the Netherlands. Get the detailed article by clicking on the link below
http://www.tectono-business.com/2017/11/process-and-export-cashew-nuts-and-grow.html

Export Question:
How are bank charges and fees paid under Letter of Credit?

Export Question:
How are bank charges and fees paid under Letter of Credit?