BODOGWU FAQs: BEST ANSWERS
Bodogwu FAQs is a simple presentation of frequently asked questions on the novel bodogwu platform. In our article for user registration guide, we walked users on the registration process for bodogwu. In addition, we guided our teaming readers on how to apply for Form M on the bodogwu platform, following our article for bodogwu Form […]
BODOGWU PAAR APPLICATION
Bodogwu PAAR application is a do-it-yourself kind of process. Originally, to obtain PAAR document, importers sends shipping documents to the bank and the bank in turn sends it to the NCS. Getting PAAR documents was a bit of a long process, as some banks insist on CBN rule that original documents must come from Exporters […]
BODOGWU FORM M application
BODOGWU FORM M application is a replacement for Form M application via single window portal. The purpose of the piece of information is to update and guide our audience on the new Form M application platform. We shall walk you through on this process with a live example. We will assume you have created a […]
BODOGWU USER REGISTRATION
BODOGWU user registration shall be taking users – importers, exporters and agents through the journey to register on the new trade platform. The new trade platform – BODOGWU is replacing the former single window for trade. We shall be writing three articles to guide users on registration, Form M application and PAAR application. In addition, […]
FAST TRACK CLEARANCE NIGERIA – HOW?
Fast track clearance Nigeria is the best cargo-clearing scheme ever. What really is fast track clearance Nigeria? How does it work? Who is qualified for fast track clearance? Or rather, how does one qualify for fast track cargo clearance? What are the benefits of clearing goods on fast track basis? Answers to these questions is […]
TRADE FINANCE NIGERIA
Trade finance terms inter-bank market and parallel market are of added meaning to every regular importer of goods and services. What really is parallel market? How does the parallel market work? How does the parallel market benefit your importation business? In this article, I will be discussing how the parallel market can help you speed […]
TEMPORARY IMPORTATION PERMIT
Temporary importation permit in Nigeria is a concession for duty and other taxes and importation procedure waiver, by Nigeria Customs on certain import equipment. In this piece of information, we shall tell our readers all things about temporary importation permit. Firstly, we will list goods and equipment that can apply for temporary import permit. Secondly, […]
IMPORTS TO NIGERIA: FREQUENTLY ASKED QUESTIONS
Imports to Nigeria and other countries come with so many questions. Especially so as the logistics industry is ever evolving. Many new importers and exporters are confused, not knowing where to begin. Some have abandoned noble ideas because of frustration. Still, others engage unqualified hands in cargo handling, and are frustrated down the line. Just […]
LPG IMPORTATION INTO NIGERIA AT ZERO DUTY?
LPG importation into Nigeria at zero duty? To import goods and equipment into Nigeria requires the payment of customs duty and VATS. Depending on the HS code, some goods pay import duty of 5%, 10%, 0r 20%. Ordinarily, importers of LPG pay 5% duty for propane base, and 0% duty for butane base. By duty […]
CBN 41 ITEMS LIST FREE TO ACCESS FOREX
CBN 41 items list were restricted from foreign exchange following the interbank market. Importers of items on the list were to seek approval from CBN, stating their source of funds. In our article for CBN 41 items not valid for forex, we gave a point-by-point guide on how to import listed commodities. The CBN at […]