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Showing posts from 2016

METAL ORE EXPORT CONTRACT

Exports Contracts are available for metal ores. This contract are for exporters who have done previous shipment in any of the following metal ore. Below are the contract information: LEAD ORE: - Lead Sulphide 55% and higher. - up to 30 000 MT per month. - Port in China – Yantai. - Price formula: every 1% of Lead x $X = Final Price per MT. - Payment: 90% LC at sight and 10% TT by CIQ at the discharge port. PB2%. ​COPPER ORE: - Copper 15% and higher. - up to 20 000 MT per month. - Port in China – Yantai. - Price formula: every 1% of Cu x $X = Final Price per MT. - Payment: 90% LC at sight and 10% TT by CIQ at the discharge port. PB2%. ANTIMONY ORE: - Antimony 40% and higher. - Up to 40 000  MT per month or higher. - Port in China – Lianyungang. - Packaging: bags for 25-50 Kg. - Price formula: every 1% of Antimony x $X = Final Price per MT. - Payment: 90% LC at sight and 10% TT by CIQ at the discharge port. PB2%. MANGANESE ORE: - Manganese 40% and

HOW TO PARTICIPATE IN THE NON-OIL COMMODITY EXPORT BUSINESS

The Nigerian Non-Oil Commodity Export Business is a very big market which 50% of it has not been explored. Therefore, the market is attracting new set of participators daily. You can participate in this market at various levels depending on your capital base. It is your capital base that will determine how you can participate in the business. The good news is no matter your capital base you will always find a level of participation and grow your business from there. Here are some of the ways you can participate in this business:  1.        Participate as an Investor: You can participate in this business as an angel investor investing in the export project of exporters with a confirmed export business opportunities. To participate as an investor you must have the basic knowledge of the technical aspect of the business, have access to real time information on the business and have the full knowledge of point of entry and exit with strategies of protecting your capital. You can

Shocking! FIRST BANK NIGERIA LIMITED TO CUT ABOUT 1000 JOBS

Read this story culled from tori.ng   "First Bank Nigeria Limited has officially announced its plan to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse the 2015 financial year's 82 per cent slump in profit. First Bank building   Speaking to Bloomberg in Lagos, Adesola Adeduntan, the chief executive officer of First Bank of Nigeria, has said that one thousand (1,000) staff of the bank will lose their jobs as the bank expects to boost its return on equity (ROE) – a key measure of profitability, to between 11 percent and 14 percent in 2016 from from last year’s 'really bad' figure of three per cent.   Below is how Bloomberg exclusively reported the story;   FBN Holdings Plc, which owns Nigeria’s biggest bank, plans to cut jobs and focus less on providing loans to the oil industry in a bid to reverse last year’s 82 percent slump in profit.   The lender expects to boost its return o

VALUE ADDED EXPORTING

Non-Oil Commodity Export market has become more interesting of recent due to the recent economic situation of Nigeria which the fall in oil prices caused. Therefore, non-oil commodity export is seriously under consideration as an alternative to salvage the falling economy.Value Added Exporting in simple term, means adding value to the commodities you are exporting. No matter the amount you are making right now as profit in your export business you can make more of it if you add value to the commodities you are exporting. Majority of the commodities exported from Africa especially Nigeria are exported in the raw form, which industries in the other continents like Europe, Asia, America e.t.c will add value to it and sell it at a higher price and the funniest case is that they sell some of this product back to us at a higher cost after adding value to it. Take for example, our very own shea butter which is exported abroad from Nigeria, some cosmetics manufacturing companies

HOW TO SOURCE RELIABLE BUYERS

Nigerian Non-Oil Commodity Export Business is an emerging market that is not yet fully tapped by Nigerians. It is an interesting business with a long, medium and short term business opportunities. While some Nigerians that are tapping into it in the right way, most of the new entrance into this business did not know the right step to take to be successful in this business. Non-Oil Commodity Export Business has three major challenges: Buyer Sourcing and Management Local Sourcing and Quality Management Logistics Management Out of these three challenges, the toughest is: Buyer Sourcing and Management. For the context of this article, we will be discussing how to source  reliable buyers. There are various method of sourcing for buyers, but I will be discussing the easiest and reliable method that I have used for my clients which is ENHANCING YOUR EXPORT COMPANY IMAGE . Enhancing your export company image is of serious importance. The way you present your expor

PLANTAIN FLOUR PRODUCTION AND EXPORTATION

Plantain flour is used in preparing a staple food, loved  by different tribes of Nigeria. In the southwestern region of Nigeria, it can be kneaded into dough usually called “Amala” by the Yoruba speaking tribe. The health benefit of plantain flour cannot be over emphasized. This makes this product a very good exportable product among semi-finished exportable product category in Nigeria.  Plantain flour is made of dried and pulverized sliced plantain. Therefore, the major constituent used in making Plantain flour is PLANTAIN. Plantain is rich in high fiber content, It has low sodium/fat content and relatively rich is protein (between 3.0 to 3.5%) compared to other fruits.   It contains high level of Ascorbic Acid, Carotene and some other vitamins valuable to the development of the body. Plantain flour consumption is especially good for patients suffering from: Diabetes, Coronary Heart Disease, Arteriosclerosis, Angina Pectoris, Palpitation, High Cholesterol Level, High Blo