NIGERIA ECONOMY: A COUNTRY MOVING FORWARD?
Nigeria is made up of not less than 250 ethnic groups, each with her unique language. A recent survey puts the population of Nigeria at 203,442,505. Although the country is multi-ethnic, economic factors seem to be most talked about line of division in recent times. Nigeria plays a pivotal role in the economy of West […]
CBN 41 ITEMS NOT VALID-FOR-FOREX: HOW TO IMPORT
The importers of the following CBN 41 items not-valid-for-forex cannot access foreign currency via official windows. This is since 3 June 2015. The purpose is noble. Thus, this rule is for allowing local production of these items to thrive. CBN 41 ITEMS NOT VALID-FOR-FOREX: REASON FOR RESTRICTION ON FOREX In the circular, referenced TED/ FEN/ […]
SON IMPORT PERMIT NIGERIA: HOW TO PROCESS PERMIT
What is SON Import Permit Nigeria? Sometimes, the purpose of import is for a particular project, or is for a predefined set of products over a protracted period. This is the case with producers who intends to import machinery or related spare parts for their manufacturing. In such cases, the importer considered as Bona fide […]
WHAT IS A PROFORMA INVOICE IN NIGERIAN CONTEXT?
Many people in the international logistics trade tend to interchange proforma invoice for commercial invoice. In real sense however, both invoices are different at least in purpose. Therefore, this article will define what proforma invoice is. Furthermore, the article will show how to make a proforma invoice. Finally, the article will reveal essential content of […]