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The following procedures apply in respect of Non-Oil Exports from Nigeria 1.The Federal Government of Nigeria has appointed Cobalt International Services Ltd as Pre-Shipment Inspection Agents (PIA) for Non-Oil Commodity Exports from Nigeria. 2.For those undertaking Non-Oil Commodity Exports, the procedures for arranging inspections are straightforward, and the following steps are provided for ease of reference. 3.The Exporter should collect a NIGERIAN EXPORT PROCEEDS FORM (NXP Form) from their Bank, then complete and return the Form to their Bank for registration. The Exporter should photocopy the NXP form so that it may be referred to in any correspondence. 4.The Nigerian Export Supervision Scheme (NESS) Administrative charge should then be paid to a Designated Bank, for which a receipt will be issued. 5.The Exporter’s Bank will then forward the 5 copies of the NXP Form, and the Designated Bank a copy of the Receipt for the NESS Administration Fee, to Cobalt Internat

Read this extract from Cargo Defense Fund.... More Nigerians are falling victims of fraudulent practices of foreign buyers in the international charcoal business, the Cargo Defence Fund (CDF) has reported. Miss Azuka Ogo, the Secretary of the Fund, disclosed this in an interview with the News Agency of Nigeria (NAN) last week in Lagos. Ogo said that cases of fraudulent activities received by the CDF had risen from 27 to 32.  She alleged that outstanding claims owed Nigerian charcoal exporters amounted to more than N97.4 million, excluding interests and damages. Ogo cautioned Nigerian exporters not to accept hook, line and sinker information received from foreigners who tended to woo them at seminars on international trade.  She said that the major problem was that Nigerians usually exported their commodities on ``open account’’. ``Open account’’ means trading without a letter of credit which assures the seller of money available for payment by the buyer’s ba

Securing export contract is the most predominant problem facing exporters of agricultural products in Nigeria. even those who managed to secure the contracts could not secure contracts with favorable terms.At TOSFAT Concepts, we have brought solution to the problem of contract sourcing. You no longer need to go through the endless hassles of contract sourcing. We source contract for various agricultural products and minerals with reasonable service charges. Our contract sourcing programmes are as follows:  1. Immediate Contract Sourcing : This service is available for those who need immediate export contract.We usually choose from already sourced contracts on ground for such exporters. In case, we do not have your requested contract on ground, we have to move you to SHORT TERM CONTRACT sourcing.( See No. 2) 2. Short Term Contract Sourcing : This service is available for exporters who needs contract within 1 - 3month. We usually source export contract for exporters within th