The need for Nigeria to diversify its economy cannot be over-emphasized. Confronted with a bleak economic outlook occasioned by recession, the Federal Government and governments at all other levels, are at present seeking alternative and additional means of revenue generation. The shortfall in international oil prices coupled with instability in the Niger Delta region has […]
A member of the House of Representatives Danburan Abubakar Nuhu yesterday lamented that neighbouring countries of Niger, Chad, Libya and Algeria have invaded markets in the country buying up grains in anticipation of famine next year. His lamentation was sequel to over 500 trucks loaded with grains that leave every week from the markets to […]
Justina Ya’apera is a middle-aged widow in Anyiin, Logo LGA in Benue State and proud owner of 40 bags of soya beans, which could fetch her over N400, 000 given the current price of the produce at N12,000 per bag. She produced the 40 bags from a loan of N10,000 she got through group savings […]
The National Biotechnology Development Agency has said genetically modified beans would be available in commercial quantity across Nigerian markets on or before 2019. The NABDA Director General, Prof Lucy Ogbadu, who said this on Wednesday in Abuja at the November edition of Open Forum on Agricultural Biotechnology (OFAB), revealed that Nigeria would soon witness abundant […]
The Nigerian Veterinary Medical Association (NVMA) has elected Dr. Godwin Abonyi as its new national president as well as new executive members to pilot the affairs of the association for the next two years. Dr. Abonyi, at the formal handing over ceremony to the new executive members of the association, promised to look into the […]
The Agriculture and Rural Management Training Institute (ARMTI) said the use of cassava leaves as livestock feed would reduce crop farmers/herdsmen clashes in the country. The acting Executive Director of ARMTI, Dr Olufemi Oladunni, told the News Agency of Nigeria (NAN) in Abuja on Tuesday that unlocking the potentialities of cassava leaves in the production […]
— Vows to punish defaulters The inter-ministerial technical committee formulated and saddled with the responsibility of tackling the matters has submitted its recommendations, which stipulates a benchmark for all agro product and non-oil exports of agricultural commodities. This move will save Nigeria from further embarrassment over the international market rejection of its agricultural commodities and […]
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A market entry strategy is the planned method of delivering goods or services to a target market and distributing them there. Factors Many Companies successfully operate in a niche market without ever expanding in to new market. Some businesses achieve increased sales, brand awareness and business stability by entering a new market. Developing a market […]
Costing is concerned with collecting and providing historical information about expenditures incurred in or attributable to a whole range of activities and products of enterprises. The computation of the actual cost of producing a product and bringing it to market or providing a service is the core element in determining whether exporting is financially viable. […]
Export documentation is the important records of an international transaction. it includes Using the correct trade terminology, right certifications from appropriate authority(agreed by both party), clearly defining the transfer of interest and liability, selecting the right method of payment and sending the best quotation possible forms part of effective exporting. After concluding sale, proper and […]
Standards Organisation of Nigeria Act, 2015 INTRODUCTION It is no news that fake products have dominated our market space and even those that are allegedly ‘original’ are paraded for sale even though they fall below standard. Consequently, there was, without doubt, a need to ensure quality control of manufactured and imported products in Nigeria as […]
Dr Joseph Odumodu, director-general of the Standards Organisation of Nigeria (SON), has said that the introduction of e-products registration scheme by his agency is in line with the quest to ensure success of the Zero Tolerance initiative. “The introduction of e-registration has become very necessary given both our desire to reduce substandard products in the […]