Monday, 21 May 2018

CUSTOMS RECORDS 45,462MT OF EXPORT IN Q1

The export initiative of federal government particularly on agricultural products has started yielding fruitful results as Tin Can Island Port Command of Nigeria Customs Service announced that 45,462 metric tonnes of   export goods were exported through the port between January and March, 2018. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The Area Controller of the Command, Abdullahi Musa, made this known recently in Lagos while speaking on activities of the Command in the first quarter of the year. According to him, agricultural produce topped the list with 38,517MT of cashew nut, rubber, hibiscus flower, cocoa butter, sesame seed, processed wood, frozen shrimps and processed leather were exported.

Their FOB value stood at N22.435 billion while 6,945MT of processed and manufactured goods were exported during the same period with FOB value stood at N6.711 billion. The finished goods exported were – empty bottles, biscuit, cigarette, polyethylene, billets, soap, hair cream and tissue paper. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html Comparing the export record of the command in the first quarter of 2018 with 2017, Musa said there was an appreciable improvement of 558.46 per cent in terms of volume and 402.24 per cent in terms of FOB value over 8,140.6MT with FOB of N7.246 billion processed in the same period in 2017.

Under the same period, the command generated a sum of N104.5 billion as against a projection of N116 billion, with a performance rate of 90.09 per cent. In the same period in 2017, the command generated N82.154 billion. On the revenue performance, the CAC attributed the feat to the establishment of standard operating procedure, blocking of areas of revenue leakages and transformation of revenue collection and reporting system. (Leadership)

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html