News & Blogs

26 May 23

Did You Know? Groundnut Pyramid

Several years back, local Nigerian companies commenced exporting groundnuts, cashew nuts, sesame seeds, moringa seeds, Ginger, cocoa etc Groundnut pyramids were the invention of Alhassan Dantata, a prominent nut trader. Dantata came to Kano in 1919 and within five years was one of the most successful businessmen, supplying the Royal…

25 May 23

Our Focus is Building a Brand that will be Competitive Globally- Dr. Benard Omoyeni

Palmadex Global Integrated Services Ltd, a multi-award-winning non-oil agro-export company founded by Dr. Benard Omoyeni with 6 Portfolios namely export investment, export consultancy, export of non-oil agricultural products and raw materials, export of African/Nigerian Foods, Wood Processing, Farming and Export Training Academy in this interview with Daniels Ekugo and GODSPOWERPROJECT,…

25 May 23

Our Focus is Building a Brand that will be Competitive Globally- Dr. Benard Omoyeni

25 May 23

Top Export-Import Destinations for Nigeria

The top export destinations of Nigeria are India ($6.62B), the United States ($4.42B), Spain ($3.2B), France ($2.17B) and South Africa ($2.08B). The top import origins are China ($8.93B), Belgium- Luxembourg ($4.02B), the Netherlands ($2.93B), the United States ($2.36B), and India (1.86B). Major Nigerian imports include; machinery, heavy equipment, ICT accessories,…

25 May 23

Export-Import Procedures and Documentation

The NEPC is a federal government agency saddled with the responsibility of promoting export from Nigeria. This agency is responsible for registering new exporters. Relevant application forms can be obtained and submitted online at www.nepc.gov.ng with every required documents. For formal and legal export to take place in Nigeria, certain documents…

25 May 23

Nigeria Export-Import Regulations and Standards

Acceptable standards and quality assurance of agricultural products for export is region and country specific. As such, importing countries of the world need phytosanitary certificate to accompany Nigerian plant exports. For someone going into export, it is important to find out the standard of the country you wish to export…

25 May 23

Incoterms with PEA

Shippers worldwide use standard trade definitions (called Incoterms) to spell out who’s responsible for the shipping, insurance, and tarrifs on an item; they are commonly used in international contracts and are protected by International Chamber of Commerce copyright. Familiarize yourself with Incoterms so you can choose what terms will enable…

25 May 23

Export Financing

As a beginner in the import-export business, you might need some finances to get you started. Here, we have some ways to receive legit funds for your international trading. It is not advisable for an emerging startup to take up loans. There are other options for new entrepreneurs to look…

25 May 23

Export Contract and Sales Agreement

For an export venture to be successful, a sales agreement provides a legal framework that guides both parties (Consignee and Seller) on the rules of engagement of the transaction. This is vital for identifying the ideal market for your product. Endeavor to check the import figures and the potentials of…

25 May 23

Nigeria’s Export Potentials with PEA

The country is blessed with great deposits of mineral resources, soil and agricultural produce which serve as raw material/input for industries in developed countries. Nigeria can be described as a reservoir of these natural and agricultural resources which many industries abroad are willing to exploit. Therefore, many countries abroad are…