The Nation Newspaper

Tag: exporters

  • Skye Bank to train exporters, importers

    Skye Bank Plc has said it will organise capacity building workshops for its international trade customers. The training, it said, in a statement, is on how they can conduct their businesses and ensure proper documentation of trade requirements.

    Head of International Operations of the bank, Mr Ade Busari, who disclosed this, said in addition to organising periodic workshops for the businessmen, the bank would continue to train account officers in the various branch locations on trends in foreign trade requirements for transmission to the exporters and importers.

    He said the bank would continue to ensure that its customers’ ‘Forms M’ are not rejected by inspection agents, which has the implication of delaying transactions.

    “We will continue to ensure that our customers know what they need at every stage and what they are supposed to do to make their business easy, convenient and fast,” he said.

    Busari said the bank had organised a forum each in Lagos and Ibadan for importers and exporters to explain trade issues, documentation requirements, as well as providing solutions to some of their perceived misgivings and uncertainties concerning international trade.

     

    He advised the customers to always come to the bank to make enquiries on issues that they are not conversant with, noting that the bank would always avail them of all necessary information they require to succeed in their business. Busari said the lender is working on measures to further make international business easy for its clients irrespective of the country of their trading partners.

    Busari said account officers of the bank in all the branches who have been relating with the importers and exporters have in recent times increased their customer education activity to make international trade simple and delightful to customers.

     

  • Skye Bank to train exporters, importers

    Skye Bank Plc will periodically organise capacity building workshops and other training programmes for its international trade customers.

    The training, according to a statement from the lender, is on how traders can conduct their businesses and ensure proper documentation of trade requirements.

    Head of International Operations of the bank, Mr Ade Busari, who disclosed this, said in addition to organising periodic workshops for the businessmen, the bank would continue to train all account officers in the various branch locations on trends in foreign trade requirements for onward transmission to the exporters and importers.

    He said the bank, which has would continue to ensure that its customers’ ‘Forms M’ are not rejected by inspection agents, which has the implication of delaying transactions.

    “We will continue to ensure that our customers know what they need at every stage and what they are supposed to do to make their business easy, convenient and fast,”he said.

    Busari said the bank had organised a forum each in Lagos and Ibadan for importers and exporters to explain trade issues, documentation requirements, as well as providing solutions to some of their perceived misgivings and uncertainties concerning international trade.

    He advised the customers to always come to the bank to make enquiries on issues that they are not conversant with, noting that the bank would always avail them of all necessary information they require to succeed in their business.

  • NEXIM lends N70b to exporters

    The Nigerian Export Import Bank (NEXIM) gave N70 billion loan facility to exporters last year, the Managing Director, Mr Roberts Orya, has said.

    Orya, who spoke through the Assistant General Manager/Head, Projects, Mr Ifeanyi Nwade,in Abuja last week, said the bank grants short, medium and long term fixed rate loans to exporters directly under co-financing arrangements with eligible banks.

    Orya added that direct loans were made available to assist exporters complete their export sales by providing working capital, facilities and funds for procurement of equipment.

    The NEXIM boss said such loans were granted directly to Nigerian exporters in both local and foreign currencies and up to 80 per cent of the total project costs, adding that items that are not eligible for financing from NEXIM, “include, armaments, ammunition and other military equipment; psychotropic drugs, narcotic as well as all items prohibited by the international conventions or environmental constraints; pornographic and obscene materials and items prohibited for importation by prevailing government policies and guidelines.”

    Orya said banks interested in co-financing export projects with NEXIM, will have to “be in good financial health as evidenced by three years audited accounts, as well as meet additional criteria set by NEXIM from time to time.”

    He said: “A borrower must be a credit worthy limited liability company, co-operative society, existing/new production units with a minimum of 50 per cent export orientation, or an existing provider of export services,” adding that the borrower must establish that the loan will be used to develop or expand his export business.