The export business remains the most profitable industry to venture into in Nigeria. With global surges in the international prices of commodities ranging from agricultural products to oil, and even solid minerals and metals, exporting any product within their categories could earn any exporter anywhere from 100% to 400% profit on a successful sale.
The best part of the export business is that most contracts are always signed for a year, and as such if you were making a 200% profit on the export of any commodity, you could almost be guaranteed of the same profit margin every month for one year.
While the global trade business may sound enticing for any individual to venture into, you cannot succeed unless some parameters have been covered, and that includes securing reliable miners, finding international buyers, and obtaining an export licence for your business.
These three are keys to your success, but this article focuses on showing you how to get an export licence in Nigeria for your export business through the Nigerian Export Promotion Council:
See Also: 14 Common Import And Export Mistakes To Avoid At All Costs
Step One: Ensure you have a registered company and not a business name, as you cannot get an export licence in Nigeria with a business name, but only as a legally registered company.
See Also: How To Register A Company In Nigeria From Just 23,700 Naira ($62): The Complete Guide
Step Two: Visit http://ereg.nepcservices.com.ng/exporter and sign up.
Step Three: After signing up, click on “Register A New Certificate”
See Also: How To Start An Import/Export Business In Nigeria: A Short Guide
Step Four: Fill in your company details and click “Next”
Step Five: Fill the corporate overview form and click “Next”.
See Also: 100+ Hot-Selling Products You Can Export From Nigeria And Get Paid In Dollars
Step Six: Fill the export classification form, upload the necessary documents, and click “Preview”.
Some documents you’d be required to upload at this stage are:
- Company’s Certificate of incorporation
- Memorandum and Articles of Association
- Form C07
Step Seven: Click “Submit & Proceed To Make Payment”.
Step Eight: After payment of about 13,500 Naira at the time of this writing has been made, your export licence from the Nigerian Export Promotion Council would be ready in 24 to 72 hours if there are no secondary delays. If you want them to send it to you via courier, you would incur an extra charge of 2,500 Naira.
How To Verify An Export Licence In Nigeria
While this previously involved visiting the Nigerian Export Promotion Council’s offices nationwide, you can now easily do this online. Simply visit http://verify.nepcservices.com.ng/, type in the exporters licence number or company name and click “Search”.
To Sum It Up
Securing an export licence is no longer as hard as it used to be. While the NEPC’s licence is critical, you’d need to secure whatever else licence from the respective body that permits you to trade in whatever product you intend to export.
See Also: How To Find International Buyers For Your Import/Export Business
What are your thoughts on how to get an export licence in Nigeria? Let me know by leaving a comment below.
This Online Course & Book Will Show You How To Build A Successful Export Business From Scratch!
The export business remains one of the most profitable businesses in the world, including Nigeria, with profit margins going anywhere from 30% to in some cases over 100%. With the growing clamour by the Nigerian government for entrepreneurs should go into the export business, the need to effectively educate people on everything they need to know and to show them how to make their first one million Naira from the export business in Nigeria has become very paramount.
In the light of the lucrative opportunities in the export business in Nigeria, Stan Edom, the founder of StartupTipsDaily Media, and the founder of Globexia Limited, a commodity trading firm with thousands of dollars in export revenue in solid minerals and agricultural products, has taken out time to prepare a robust online export business course with a free eBook on how to create a fortune investing in the export business in Nigeria. This Online course will teach anyone everything they need to know on how to build a successful export business from scratch, present a live case study, and show you how to export lucrative highly-valued commodities profitably from Nigeria. It also has a section that shows the reader how to start out as a broker.
This online course and e-book is perfect for beginners in the export business in Nigeria, as it will take you from a novice to an export professional, and help you either make money by starting your own export business in Nigeria, or by becoming an export consultant or broker.
You can follow the link below to learn more, sign up for the course, and get a free export eBook.
Offer: How To Create A Fortune Investing In The Export Business
Online Course & Book Author: Stan Edom
Course Delivery Format: Online & eBook
How To Sign Up: Click Here
The above article is very useful and straight forward to use.
Thank you and God bless you for your good work.
Have a great day!
Thank you for reading and leaving a comment.
You have done a great j with this.
Cheer!
Thank you for reading, Yusuf.
This is a useful information thank you for the wonderful job.
The above article is Useful but what if Exportation is not in My Memat.
You won’t be affected.
Am having a business ventures which was registered some years back while I was in school but not functioning since I was i n school. Now, can I use this when registering for my export licence?
Yes, you can Bernard.
Simply upgrade it to a Limited Liability Company.
Wow… Very helpful article. Thanks.
The article is so useful.
Well-done.
Glad to come across this article.
Does export certificate also always me to import as well? My business direction is relating to importation of cars and other good
Hi Olanrewaju,
The export licence only permits you to export.
Thank you.
Thank you for the write up. Can I apply and get the certificate for a client?
Thank you for reading, Ngozi.
Yes, you can apply for someone.
Please I have been trying to verify a company’s license but I can’t
Can I get the International Export Licence Code as an individual?
There site is offline, where is their office here in Lagos?
You must be a registered limited liability company to get an export licence.
Very helpful article. thanks, keep it up
how can i get business company registered?
Very useful article. Great job!
Thank you for reading.
Hi, enlightening article! Well done!
Please I want to know if one export licence can cover various classifications or sectors of export or do I need different export licence for different categories of export i.e one export licence covering export of agro commodities, minerals & metals, and oil & gas produce etc??
Hi Frank,
There’s just one export licence for non-oil exports.
But depending on the specific commodity, you may need another export permit.
Especially in the area of solid minerals.
Thank you for asking.
The article is so enlightening and eye opening. Thank you so much.
Thank you for reading, Chidinma.