Tag - International trade

Repatriation of Profits in Nigeria

Repatriation of Profits in Nigeria

REPATRIATION OF PROFITS IN NIGERIA Repatriation of profits is the procedure that involves the conversion of a foreign currency to the currency of the country in which one resides in. In Nigeria, there is free entry and free exit movement of foreign investment funds. After payment of relevant taxes, investors abroad can proceed to repatriate their investment along with the proceeds only if the investment was brought under a Certificate of Capital Importation (CCI). However, due to the Central Bank [...]

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Strategies to Optimize Cash Flow when Exporting in Nigeria

STRATEGIES TO OPTIMIZE CASH FLOW WHEN EXPORTING IN NIGERIA Trading between countries has been in motion for centuries, economic independence between countries has led to an increasing expansion of international trade worldwide. Managing and optimizing your cash flow is very relevant as it can make or break your business depending on how well you will handle it When seeking to expand the reach of your products and services beyond your border, there are certain strategies that you need to employ in [...]

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How to obtain an Import License in Nigeria

HOW TO OBTAIN AN IMPORT LICENSE IN NIGERIA An import license in Nigeria is issued by various agencies of government in Nigeria which regulates and determines the goods that can be brought into the country. There is no unified import license in Nigeria. Depending on the type of goods you want to import, there are various licenses from different regulatory agencies However there are some documentations and processing that can be applied to all forms of import, these include the [...]

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