Business Opportunities in Nigeria and Across the World

Presently in Nigeria, business diversification is very important due to the way the economy is swaying. It is imperative to prepare for the best business opportunities in the year 2022, but some have not considered investing in agricultural/mineral commodity exportation business opportunity.  Nigeria is blessed with a lot of agricultural/mineral commodities that is beneficial to the whole world and the beauty of it is, these commodities are cheaper to buy in Nigeria and resell at a higher price in other continent of the world. Many industries and end users are seriously in need of agricultural/mineral commodities from Nigeria. Are you searching for the best business opportunity for the year 2022? Commodity export business is one of the wisest decisions you can take in diversifying your investment.  Also you can start agricultural commodities processing and packaging business. You can start with agricultural commodities like Dried Split Ginger processed into powder, Raw Shea Bu...

LOCUST bean with botanical name Parkia Biglobosa is a seasoning that has continued to reign in many homes in Nigeria and Africa. The Tree that produces Locust Beans looks similar to a Palm Tree while the Tree and it's Pod also has lots of health benefits. Locust Beans is Internationally traded in Nigeria with the HS Code 121292. Nigeria exported 35,550 US Dollars worth of Locust Beans in the year 2020. Nigeria is ranked 26th in the Exportation of Locust Beans as at year 2020. Therefore, at TOSFAT Concepts International, we are encouraging Nigerians to enter into this emerging market as this will also boost our Foreign Exchange. Locust Beans can be taken in the fresh Seed, dried Seed or Powdered Forms. Traditional procedures of producing Locust Beans has gone in a long way to limit the output of productions. Traditional Producers can not produce more than 6kg Daily. Traditional procedures involves obtaining the seed from the Pod, drying the seed under the sun, boiling the seed, dehu...

Melon seed generally known as egusi in Nigeria is a  fat  and protein -rich seeds of certain cucurbitaceous plant.  It’s a popular seed grown and mostly used in West Africa especially in Nigeria, and It is grown from the seed which is rich in protein and its use in preparing assorted dishes, especially soup. Melon seed also contain high quantity of Edible oil. It is packed with many  vital and beneficial nutrients  which are good for the body. They are good sources of the tryptophan, amino acids arginine, and methionine. Vitamins B1, B2, and niacin are well represented as well as the minerals sulfur, calcium, magnesium, manganese, potassium, iron, and zinc. Melon Seed   grows very well in arid climate. The planting season is between April and June which is the start of the rainy season while the harvesting period is within October and December. Melon seed is grown in major African countries like: Nigeria, Burkina Faso...

INCO Terms are set of rules, published by the International Chamber of Commerce to govern trade worldwide. The full meaning of INCO Term is International Commercial Terms. Incoterms prevent confusion in foreign trade contracts by clarifying the obligations of buyers and sellers. Parties involved in domestic and international trade commonly use them as a kind of shorthand to help understand one another and the exact terms of their business arrangements. Some Incoterms apply to any means of transportation; others apply strictly to transportation across water.  The ICC developed Incoterms in 1936 and updates them periodically to conform to changing trade practices. Because of these updates, contracts should specify which version of Incoterms they use—e.g., Incoterms 2020 (the latest version). Trade terms used in different countries may appear identical on the surface, but they can have different meanings when used domestically. ...

Presently in Nigeria, business diversification is very important due to the way the economy is swaying. It is imperative to prepare for the best business opportunities in the year 2022, but some have not considered investing in agricultural/mineral commodity exportation business opportunity. Nigeria is blessed with a lot of agricultural/mineral commodities that is beneficial to the whole world and the beauty of it is, these commodities are cheaper to buy in Nigeria and resell at a higher price in other continent of the world. Many industries and end users are seriously in need of agricultural/mineral commodities from Nigeria. Are you searching for the best business opportunity for the year 2022? Commodity export business is one of the wisest decisions you can take in diversifying your investment. Also you can start agricultural commodities processing and packaging business. You can start with agricultural commodities like Dried Split Ginger processed into powder, Raw Shea...

Nigeria produces less than 30 per cent as Sudan produces about 70 per cent, leaving about 30 per cent for Nigeria and other gum Arabic producing countries of Mali, Senegal, Chad and Niger Republic. Gum Arabic  is natural product derived from hardened acacia tree sap, harvested in the Sahel region of Africa. Gum Arabic  is used primarily by the food industry. Given its many desirable properties, safety record and natural origin, Gum Arabic  is the most commercially valuable of what are known as exudate gums – those secreted by plants. Commercially,  Acacia senegal  and  Acacia seyal  are the two most important sources of acacia gum for Europe. The tree sources of acacia gum grow in the gum belt of Africa, which stretches from Senegal in the west to Somalia in the east. Acacia gum from  Acacia senegal  is a pale to orange-brown coloured solid, which breaks with a glassy fracture. For this reason it is also known as hard gum, whereas...

In a circular, the apex bank said EFI was part of government’s efforts to develop the non-oil sector of the economy and to increase foreign earnings and employment rate. “The Bankers’ Committee at its 343rd Meeting held on April 4, 2019 approved the commencement of the Export Facilitation Initiative (EFI) to complement government’s efforts to engender growth in the non-oil sector of the economy as well as enhance foreign earnings and employment generation,” the circular read. “Under the initiative, the focal commodities for value chain development would be cashew, cocoa, palm oil, sesame seed and shea. “The commodities are to be funded under the approved guidelines of AGSMEIS (Agricultural/Small and Medium Enterprises Investment Scheme), NESF (Non-Oil Export Stimulation Facility) and RSSF-DCRR (Real Sector Support Facility- Differentiated Cash Reserves Requirement)  in line with the approved limits in the Export Facilitation Initiative Funding Framework (EFIFF). ...