“Cheapest way of shipping from China to Nigeria” and “Shipping from Nigeria to China” were amongst the most common queries over the past 12 months. China is the origin of 30% of the imported items into Nigeria. This is at least three times more than the runner up. Both countries have enjoyed an amicable trade relationship culminating in a bilateral currency swap agreement signed in 2018, said to be worth $2.5 Billion.
Shipping from China to Nigeria, especially container size cargo, requires caution and a fair understanding of the shipping process.
8 critical guidelines are provided as follows:
Select your trade terms carefully. If possible, seek the counsel of a legal mind if there are terms that are not understood.
For items that have singular packaging, ensure that the packages are designed for scale and in English.
Establish a means of quality control for items whilst they are still in China. It is within your reach to request for the manufacturers certificate of production with the relevant standards from your supplier. Lab test results may also be requested for food items.
Invest time and energy in building a good relationship with your supplier.
Incoterms should be looked into, with a bid to selecting the most appropriate for your cargo.
Paperwork is crucial! Obtain Form M, pro forma invoice, packing list and bill of lading well ahead of time.
Shipping documents from China must be filled correctly, with goods classified according to the appropriate HS code. This is vital for import duty calculations.
Stay updated with the list of import prohibited items and avoid such.
Once you are able to follow these steps, there should not be any hitches with your shipment as it voyages from the People’s Republic of China to the Federal Republic of Nigeria!
LinkedIn is a social networking site designed specifically for the business and professional community.
It is a business-oriented social networking site which is primarily used for professional linkages and its network members are called “connections” (which other social network sites and apps refer to as “friends” or “followers”). Just like each other social network has its main purpose for creation, LinkedIn as a social network, is created for professional networking and it is mainly used for that.
This American business and employment-oriented service functions through websites and mobile apps; it was founded on December 28, 2002 and was launched on May 5, 2003. Since then, it has been the dominant social network for the business and the professional community
As of June 2019, LinkedIn is estimated to have over 630 million registered members in 200 countries which are professionals in different fields of human endeavors. Also, they include business tycoons, captains of industries and government parastatals.
As a job seeker, LinkedIn is the best social network you should get addicted to, as it would interest you to know that (according to LinkedIn), there are more than 20 million jobs in this social network. You could be qualified or interested in any of them.
Employers and recruiters post job updates and vacancies and job seekers find job opportunities that interest them, and get updates about job vacancies to apply for.
There have been so many occasions where individuals get jobs on LinkedIn they didn’t apply for, through recommendations from there connection(s).
As a student, graduate or young professional, LinkedIn is your friend and you should make it your favorite social network so to build and expand your connections, meet new professionals in your field and from other fields of human endeavors.
It is estimated that more than one million companies have LinkedIn Company Pages , formerly known as company profiles.
LinkedIn is one of the best social networks you can market yourself, your company and your brands or products, and get recognition from local and international companies.
Your CV can be reviewed on LinkedIn, your experiences can be reviewed on LinkedIn and you can get things done hitch free, more easier than as it is in the real world. LinkedIn establishes the perfect environment for building and expanding your network.
You can increase your company’s exposure, and sell your brand or products through LinkedIn.
LinkedIn Company Pages increases your company credibility and attract business partners and investors to your business.
By receiving recommendations and having more connections on LinkedIn, it is a great opportunity for individuals to get offers and opportunities.
Most companies and employers of labour demand LinkedIn profile of the job seekers and the most job interview outcome is determined by the job applicant’s LinkedIn profile.
There is constant improvement in the internet space by network providers and developers, for the pleasure of the internet users. These improvements are designed to increase efficiency and productivity of the customers.
The importance of internet speed cannot be overemphasized as internet speed promotes productivity and saves a lot of human time.
It is a great achievement on how the internet speed has developed from good to better (although we are still hoping for the best, especially in this part of the world called Nigeria) as there has been constant improvement in the internet speed right from the time 2G network experience was introduced.
Nigeria wasn’t left behind in this internet technological improvements as it joined, trying to catch up with the rest of the world countries, on internet speed improvements.
Internet speed improvement became noticeable from the year 1990 when the first 2G was introduced in the United States of America and was launched in the year 1992.
The 2G networks were the first network technology to offer cellular data services and Short Message Service (SMS messaging) but since it’s the first cellular data technological invention, the network data transfer rate was slow – very slow – and it could be said that snail was faster in terms of speed compared to the 2G network of the early 90s, although this was expected as it was the first leap into cellular data networks.
3G came into place to replace 2G in order to improve speed and the throughput of the data transmission. It achieved this cause to some extent as the internet speed of the 3G is better, and faster than that of 2G, but there is always a room for constant improvement.
Due to the fact that there are some apps and sites that require high internet speed for accessing, 4G came into play to improve speed and increase the rate of data transmission.
Nigeria has been trying to catch up in this internet speed technological advancements but we are yet to get there when it comes to internet speed and throughput of data transmission when compared to what is enjoyed in other countries like China, Japan, Netherlands, South Korea, Switzerland, and Finland.
While Nigeria is still struggling with a (scam of network) called 4G, some countries like the United States of America, China, Japan etc. are already planning of launching 5G networks.
The so called 4G we use in Nigeria is the best way the network providers charge us more for less value, by consuming our data at a higher rate, with the excuse that if you use 4G the rate of data consumption will be higher due to the throughput of the internet, causing a higher rate of data transmission. The 4G of some network providers here in Nigeria is little or no improvement for the 3G that we had as the speed can be said to be the same.
The global average for fast internet speed is about 5.5mbs/s, countries with average internet speed below 4mb/s are considered to have slow internet speed, and Nigeria falls into the group of countries with slow internet speed.
Timeline towards 5G [Source: Analysys Mason, 2014]What could be the reason of Nigeria not catching up with the rest of the world on the internet speed improvements?
The bulk of the blame will fall on the network providers; they are the conduit pipe for the provision of internet speed. If your phone is made to be compatible with the 4G network and the data transmission rate is not equal to what 4G network should provide, then the network providers owe you some explanations.
While network providers do not make adequate provision to accommodate internet users in some areas, especially rural areas or semi-urban areas, internet users struggle to use network even with a phone compatible for 4G.
There are lesser bandwidths that could be streamed at a given time; they do this to accommodate the traffic hence slowing down the network speed.
Lastly, your tools and your device settings could also increase your internet speed or reduce the throughput of the internet.
NB: You can check the speed of your internet on Fast.com
Good People, I will be in our beautiful nation, Nigeria, for days from next week. On Monday (Aug 5th) to Wed, I invite you to meet at Eko Hotels, Lagos during SPE conference. I want to specifically explain what we are doing on Kobo360 on how you can finance trucks into our platform, bring your existing trucks into our platform, and ship with us.I will answer all your questions before I connect you with the best team in African logistics in the Jobowu headquarters.
If you ship things in Nigeria across cities, I would like to specifically share how we have built the best technology to bring optimal equilibrium in supply chain, fixing frictions which have existed between demand and supply for decades. Join Kobo360’s G-LOS (global logistics operating system) for full visibility, transparency and superior service. To connect, reserve with my team.
Meanwhile, I have scheduled seminars and workshops. We still have space in case you can host us in your business in Lagos or Abuja (contact my team).
Next trip will be in the east – I will be working in Onitsha, helping my OMATA brethren on many elements. That project begins with a major speech coming in Awka in October (cannot wait)!
This is a big deal in Nigeria’s financial sector – MTN Nigeria receives Central Bank of Nigeria’s “full super agent” licence, Reuters reports: “Through the network established by YDFS, MTN is in a position to broaden the availability of financial services for the under-served across the country. This marks a very important first step in leveraging our infrastructure to scale our Fintech initiatives,” said MTN Nigeria CEO. Besides, MTN Nigeria has applied for Payment Service Bank Licence as it works to close the loop.
A subsidiary of MTN Nigeria has been awarded a license by the country’s central bank that would allow it to provide financial services, the telecoms firm said on Monday.
Nigeria announced last year that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been successful in Kenya.
This is my prediction – the disparate agency system we have seen in Nigeria from banks, fintechs and more will now begin to consolidate. Because Yellow is in, there is a new basis of competition in town. It will be good because Nigerian customers will just win through better financial services.
This morning I wrote a lead Note to a Board where I noted, “This firm must be a technology company that offers insurance services, and not an insurance company that uses technology”. That redesign is important in the banking and broader financial services.