Partner and Invest in the Agro export industry

The exportation business is one of the most lucrative businesses with a profit margin on some select agricultural products and solid minerals being anywhere from 30% to sometimes over 100%. Especially earning in foreign currency is a great cash-cow.

But figuring out these questions: how to start exporting from Nigeria?, how to increase productions of agricultural products?,

how to access to loan facilities?,

what commodities to focus on?,

how to find international buyers?,

how to ensure the quality standards are high & met?,

how to manage logistics & transportation of the goods to the city?,

how to ensure security of the goods in transit?,

how to handle inspection at the port of loading?,

how to cover customs issues?,

how to ship the commodity?, and most importantly,

how to ensure payment every single time?,

is a serious hassle for a lot of farmers, traders and intending exporters.

To help new and existing agro traders to avoid these problems and execute successful trades every single time, Cokodeal as Africa’s largest export platform with over 6300 merchants on the platform trading from 8 countries in Africa and thousands of international buyers across the global markets is focused at helping finance agro business trades in Africa to ensure expansion that would cater to the consumption of agricultural products globally.

With the various investment opportunities in the Agricultural value chain in Nigeria, we observed that access to capital and loan facilities to grow, expand, export goods and improve business processes is a great challenge for farmers and traders alike.

In achieving increased production of agricultural produce to meet the demand of both the local and the global market, solving the above-mentioned challenge becomes a must.

The prospect of agriculture and trade in Nigeria is so high to ignore, contributing about 22.35% and 15.61% respectively to the economy and directly affecting over 60% of the populace. By the time Nigeria attains its full capacity in agriculture, it will become a great foreign currency earner than oil.

The implication is that Nigerian farmers will be able to earn in Naira and in Dollars as well as other foreign currencies. With various opportunities available to invest in the agricultural sector, financing the production of this agricultural produce is a step better in getting a tremendous return on investment.

Helping facilitate our capacity to solve the issues of expansion through quick access to loans, logistics, and improved business processes for farmers and traders in Africa will push for greater and wider coverage that will ensure access to bigger opportunities in agricultural exportation and increased supply to meet the global demand of these products, which would in turn result to a tremendous return on investment in the long run for potential investors.

Organizations such as AFDB and Afreximbank are some of the financial institutions to help unlock resources to help The Commodity Bank – cokodeal.com better serve the African traders to improve their wellbeing. Partner with us, invest in Cokodeal and watch us solve the problem of agriculture value network in Africa, thereby harnessing the potential it holds and giving you a great return on your investment.   

Whatsapp +2348163229560 – service@cokodeal.com

How to use cokodeal for buyers and sellers

Cokodeal – How to use

Welcome!

This is a guide to help you navigate through the cokodeal.com platform.

Cokodeal.com is a pan Africa Commodity Bank; a digital platform where businesses in Africa find international buyers to trade. Get financing, logistics and receive global payment.

Leveraging cokodeal’s network, technology and expertise would help expand, get more customers, and scale your business to the next level.

Let’s get started!

How to create a store on cokodeal

To start selling on cokodeal, you need to create an account.

For a merchant, this account is your online store front.

Follow these steps to register your business with cokodeal and post your first deal.

  1. On the cokodeal home page, click menu, sign up or follow link below: https://www.cokodeal.com/register
  2. A form displays, fill the form accordingly.
  3. Click on submit
  4. After submitting, you would be taken to your dashboard.
  5. Successfully registered.

How to find buyers

View hundreds of buyers request across many pages.

Find products that you can supply.

Click – “send service request ”

Interested buyers will contact your company.

Visit link – https://cokodeal.com/deals/b

How to use your cokodeal dashboard

Your dashboard is your login area, to edit your business and products.

On the dashboard you will see that you can:

  • Create a sellers’ or buyers’ deal
  • You can view and send messages to prospective clients.
  • edit your store
  • Subscribe to advertisement to promote your product for more buyers
  • Read blog posts and FAQs

Lets describe what you can do with each of these features:

Create a sellers’ or buyers’ deal

This is where you go to when you want to post an offer as a seller or a buyer post what is willing to buy.

Messages

The message feature helps for the communication between prospective seller and buyer

Edit your store.

With this feature, you can make customized tweaks to your store. You can change the background logo; edit name of store, and other information to fit your business.

How to post a deal ( or uploading your product)

The cokodeal feature ‘post a deal’helps to quickly match sellers with buyers. 

There are two types of deals you can post on the cokodeal platform, depending on what you’re looking to achieve, you can post as a seller’ or as abuyer.

Post a sellers’ deal

To post your first seller deal,

  • On the marketplace – Https://www.cokodeal.com/market-place
  • Scroll down – click post a deal
  • Select – As a seller
  • Fill the product information, product, price, name, product, images
  • Click post deal.

Post a buyers’ deal

To post your first buyer deal,

  • On the marketplace – Https://www.cokodeal.com/market-place
  • Scroll down – click post a deal
  • Select – As a buyer
  • Fill the product information, product, price, name, product, images
  • Click post deal.

Tips

When creating your deal, always ensure to add the relevant keywords tags to help for better ranking of your deals when prospective buyers search. Keyword is different names your prospects may use to search for your product, E.g Maize, Corn, Corn in sac, Dry maize, corn seeds

Ensure to upload high quality pictures of your products and a well written description of the product on your deal and specification.

Post each product one after the other without merging two products under 1 post/ upload.

How to promote your products through cokodeal

Post a deal

 This is an awesome way to promote your business on cokodeal for free. Depending on if you’re a buyer or a seller, your deals would be posted under “buyers’ needs” or “sellers’ offers” pages accordingly. The more deals you promote, the more your business can gain more traction of buyers on the platform.

You can find the offers pages View seller deals

Advertise on cokodeal

This is for those who are looking to step things up and get more customers and business exposure much faster by leveraging the cokodeal platform.

Cokodeal ad package has every offer for different categories of sellers on the platform, and each categories with their specific benefits.

Visit link Https://www.cokodeal.com/advertise-with-us

How to retrieve my lost/ forgotten password.  (For returning old member)

To retrieve your password, head over to the register page. Https://www.cokodeal.com/login

Click on ‘forgot password’.

Fill in your email address, and click on ‘send password reset link’

Click on the link in the confirmation message sent to your email address.

Fill in the new password, then confirm by filling in password.

Click on ‘update’.

You have just successfully updated your password, and you can start logging in with your new password.

For any further assistance or support kindly send an email to service@cokodeal.com

Or whatsapp +2348163229560  for 24 hours assistance.

7 Characteristics of a Genuine Seller of Commodities

Finding a genuine seller of commodities is not an entirely easy feat. The market is riddled with sellers who are selling a fake product, not reliable or do not actually have the products. However, with the right information, genuine sellers can easily be identified.

Here are some characteristics buyers should look out for when searching for genuine sellers of commodities.

The seller has a track record of dealing with bigger businesses

It takes a lot of expertise, persistence, and credibility to sell to big businesses. Hence, sellers that have a track record of selling to such businesses are usually more reliable and credible. These sellers are usually the real owners of their products, not fake brokers that run around with the client’s money without having the commodities they claim to have.

They are also very good at building lasting relationships with customers. Big businesses often look to form long relationships with their sellers – not just to make spot buys. They want sellers that are conversant with their products and can be called on at any time should they run into a problem. Patronizing such sellers is always a good idea.

They are registered on a marketplace that verifies local farmers and sellers

Marketplaces verify sellers on their platform as a form of protection for both sellers and buyers. It makes it difficult for fraudsters to pose as sellers on these marketplaces and defrauding buyers in the process.

To get verified on a marketplace, sellers are required to submit personal information like email address, house and business addresses, unexpired ID card, and passport. Official company details, financial information, and tax numbers are also often requested for. All these requirements serve to ensure that the seller is genuine so buyers can be assured that they are in good hands.

Recognized by the country’s export council

Export councils register sellers who are genuinely interested in exporting their commodities out of the country. They are regulatory bodies that promote and regulate export trade as well as implement export polices.

They also provide professional assistance to exporters. Such areas include export procedures, documentation, financing, quality control, export packaging, costing, pricing, and so on. When a seller is registered under the country’s export council, their goods are subject to proper inspection by specific agencies.

These goods will not be shipped unless they meet the required standard of quality, have complete documentation and meet the buyers’ expectation. Hence, the buyer is protected from counterfeit commodities or other fraudulent activities.

Has an export license

Export licenses are documents issued by the appropriate licensing agency which grants sellers permission to export their commodities out of a country without any hassle. The license is only issued after a careful review of the export transaction and all prerequisites have been met. Commodities shipped without an export license are seized at the customs which serves as a loss to the buyer.

Registered under a trade body in their country

Trade bodies are non-profit organizations formed by businesses in the same industry. They are formed to protect the interest of their members, promote trade laws, and be the voice of the industry against unfair legislation.

Trade bodies prescribe the code of ethics for their industry in order to discourage unethical behaviour. They also an avenue for like-minded individuals to network, share ideas and make connections that would be impossible without the association. An important thing they offer is certifications and licenses. These provide a sense of reliability in the minds of customers. It assures them that they are dealing with a genuine seller.

Communicates clearly and is consistent

A seller that lacks proper communication skills is not one that any buyer will want to do business with. Effective communication builds trust and emotional connection between the seller and the buyer. The buyer can comfortably discuss their needs with the seller and the seller can effectively alleviate their concerns and make them feel valued. Consistency is also a very important characteristic. A consistent seller is one that continuously delivers genuine commodities, knows what’s going on in the market and is always looking for ways to improve. A buyer is sure can rely on such seller.

Understands the product

Genuine sellers understand their products. They know everything there is to know about them. They know the features, functions, several applications, advantages and disadvantages, lifecycle, among others.

The seller is thus able to present the benefits of the commodity accurately to the buyer in terms that make sense. Sellers that have a proper understanding of their products. And it shows how invested they are in the products and how passionate they are about it.

How to Export to US, UK, EU, ASIA with good documentation

The demand from European, US, Asian markets for African commodities has been on the increase.

Export business from sub-Sahara is very lucrative and this is why it is quite compelling to consider exporting from Kenya, Nigeria, Ghana, South Africa and other African countries based on having the requisite knowledge and current economic parameters.

Some of the benefit of export business are as follows but this is not exhaustive:

1. Increased sales and profit
2. Create potential for business expansion
3. Gain global market shares
4. Increase life cycle of products
5. Take advantage of economies of scale
6. Diversifying income
7. Gain new knowledge and experience
8. Earn more in foreign currency

Based on the above itemized benefits of export business, this article will be addressing exporting from Nigeria, you will get started by first registering with the national export body. For Nigeria, (Nigeria Export Promotion Council – www.nepc.gov.ng ) as an exporter via e-registration platform as you will need the exporter’s certificate.

The needed documents for limited liability company registration are as follows:

1. Certificate of incorporation, CAC 1.1, Form C 07, and copy of memorandum and article of association.

2. Registration charges: https://nepc.gov.ng/get-started/e-registration/

Once the export certificate has been completed, carry out research in the following areas in order to minimize your risk and increase gain; Trade statistics, trade policy, regulatory framework, channels of distribution, logistics and risk assessment.

Going further for an export business, your company can begin processing the Nigeria Export Proceed (NXP) through an authorized bank.

You will be required to open an export domiciliary account with any bank in Nigeria in which you registered the form NXP. This is a control that ensures that export proceeds are repatriated and credited to your domiciliary account within 180 days from the Bill of Lading date. Payment method could be direct advance transfer, Letter of Credit (LC), Bills for Collection, and other approved international mode of payment acceptable for exports from Nigeria. Cokodeal introduced its escrow services to help receive funds from countries around the world and credit your account locally.

With the completion of NXP, a Request for Information (RFI) shall be collected from the Pre-shipment inspection agent. This is to enable the inspection agent to coordinate the date and time for the inspection.

Please, note that the following are exempted from inspection:

SCHEDULE “A” EXPORT GOODS EXEMPT FROM INSPECTION

  1. Personal effects
  2. Used motor vehicles
  3. Perishable day old chicks
  4. Vaccines, Yeast
  5. Objects of Art
  6. Explosives
  7. Pyrotechnic products and arms
  8. Ammunitions
  9. Weapons
  10. Live animals

SCHEDULE”B” PROHIBITED EXPORT

  1. Raw hides and skin
  2. Scrap metals
  3. Timber – Rough and saw
  4. Unprocessed rubber latex and rubber lump

Please avoid trading prohibited goods as it may lead to unimaginable adverse consequences and loses to your export business.

Once the product has been inspected by the Pre-shipment inspection agent along the side with all relevant goverment agencies and all parties are satisfied, a clean certifcate of inspection CCI will be issued.

With issuance of CCL, the product for export is now ready to be loaded on board the vessel based on the agreed Incoterms which defines all obligations of buyer and seller within the logistics and supply chain

Export business in Nigeria will require the following documentations:

  1. Bill of lading (BL) / Air way bill (AWB)
  2. Packing list
  3. Certificate of Origin
  4. Commercial invoice
  5. Single goods declaration (SDG)
  6. Nigeria Export Proceed (NXP)
  7. Clean certificate of inspection (CCi)
  8. Certificate of weight and quality
  9. Road transport waybill

In addition, export business will require other documentations depending on the regulatory body that is involved. This will include the following:

Phytosanitary certifications for agricultureal commodities (NAQs)

Health certificate for processesd and semi-processed food items (NAFDAC)

Internatinoal veterinary certiciate and animal products (DVPCS)

Fumigation certificate for agricultureal commodities (FPIS)

Lastly, In an export contract draft, for a legal biding transaction here are some of the terms used;

Terms of trade (Incoterms)

Mode of payment

Mode of delivery

Trade enforcement organs

Agreed dispute resolutions mechanism

Presiding court

At The Commodity Bank ( cokodeal.com ) over the last decade many of our exporters do experience different challenges along the value chain.

At any point you have any question please get in touch with cokodeal support center for professional advise, it is free

Email: service@cokodeal.com

Whatsapp: +234 816 3229 560

credits to: ronish logistics

For new members ready to explore export business start by registring with link below

https://cokodeal.com/register

Wishing you success in your international trade business.

How to begin export in Nigeria, Registration, documents and Procedure

Cokodeal provides access to the best suppliers in Africa market. From Kenya, South Africa, Nigeria, Tanzania, Morocco and other African nations. Find quality foodstuff and commodities on cokodeal platform.

If you find this article valuable, kindly share with others. “We rise by lifting others”

HOW TO BEGIN EXPORT IN NIGERIA

E-REGISTRATION

When you want to export from Nigeria you are obliged to register at NEPC. You can only register as an exporter via the e-registration platform. This page presents all the information you need to know about obtaining an Exporter’s Certificate from NEPC.

Additional benefits
Besides the fact that you need an exporter’s certificate for exports, registering at NEPC gives you a lot of additional advantages:

• you have the availability to trade promotion support services from NEPC
• you are able to request NEPC administered (pre- and post-) export incentives
• you can register for numerous trainings, clinics, seminars, and more
• you can collaborate and exchange ideas through a network of exporters

Guidelines & procedures

Before you can proceed and register as an exporter you have to take some preparations. There are documents required for completing the full registration process. The required documents depend on your type of company:

DOCUMENTS FOR LIMITED LIABILITY COMPANY
• Certificate of Incorporation (issued by the Corporate Affairs Commission)
• Certified True Copy of Memorandum and Articles of Association
• Current Certified True Copy of From CAC 1.1 – “section C” (Particulars of Directors). This is formerly known as: Form C07 or Form CAC 7.

DOCUMENTS FOR CO-OPERATIVE SOCIETY
• Certificate of Registration (issued by State Ministry of Commerce, Local Governments and Federal Capital Territory Area Councils)
• Bye Laws of the Society

DOCUMENTS FOR GOVERNMENT AND NON-GOVERNMENT ORGANIZATION
• Certificate of Registration (issued by the Corporate Affairs Commission)
• Constitution of the Government Organization and non-Governmental Organization
• Memorandum for Guidance of Applicant

When you have all the documents at hand you can start the registration procedure on the e-registration portal (link at bottom of page). Register at the portal, log in and start the e-registration for exporters. Include all requested documents in your registration.

Fees & charges
Obtaining an exporters certificate involves some costs. Different charges apply for different situations:
• New certificate registration – N13,500
• Expired certificate renewal – N7,500
• Late certificate renewal – N12,500
• Lost / mutilated certificate – N12,500

Note: The E-registration platform was launched on the 3rd of April, 2017 and only companies registered after this date will be eligible for renewals. All companies registered before this date with expired certificates will need to migrate to the new platform by registering afresh for a new certificate.

Payment methods
After you filled out all the requested information you have to pay for your registration. There are several payment methods available, including:
• Nigerian local cards
• International credit / debit cards
• Internet banking
• Commercial bank branch in Nigeria

Payment confirmation
After you have paid for your registration, you should always confirm the payment:
1. Copy the Order ID from your certificate (see Transactions Log)
2. Input it in the field besides Get Status
3. Click on Get Status to confirm your payment
4. You will receive a notification of the status of your payment

Service timeline
The council aims to issue certificates as soon as possible. Normally within 1 working day after payment is confirmed by the system. Please note that issuance of your certificate could be delayed by payment delays, issues with documents or insufficient information supply.

Alternative options for registration
It is only possible to register online for an exporter certificate. Having any reservations? Please contact NEPC directly via the online chat. Alternatively you can also visit the NEPC export assistance office closest to you.

LINK TO REGISTER BELOW

E-registration

EXPORT DOCUMENTS & PROCEDURES
To export from Nigeria you should follow the appropriate export procedure. This is a formal process in conducting international trade in Nigeria. Certain export documents are attached to this procedure. Export documentation is necessary to facilitate exports of goods and services.

Importance and advantages
Following the structured export procedure will give you a better understanding of the full export process. Therewith your company will benefit from the right and up-to-date knowledge you receive by following the right procedure. Besides, it leads to:

• minimising your export risks
• ensuring that exported goods conform to importing country specifications
• meeting buyer requirements for export by providing evidence of origin and delivery
• supporting you to formalise your export business
• supporting you in qualifying for export incentives

Needed export documents
For the full formal export procedure you will need certain export documents per step of the process. The needed documents are shown in the complete overview below:

EXPORTER REGISTRATION DOCUMENT
The first step of your export procedure is registration as an exporter at NEPC. In order to venture into export business this is obliged. In summary:
• Document issued – exporter’s certification
• Issued by – NEPC
• Relevant because – it licenses you as exporter and makes you eligible for NEPC-benefits
If you want to know how to obtain this document, please check our e-registration page.

EXPORT CONTRACT DOCUMENT
An export contract is an agreement between seller and buyer on the terms of export business:
• Document issued – a signed export contract
• Issued by – you as exporter and the importer
• Relevant because – it spells out the obligations of buyer and seller

QUALITY ASSURANCE DOCUMENTS
Quality assurance documents help you to ensure your exported goods conform to food safety measures (as stated by international conventions and possibly agreed terms of the contract). Using international recognised bodies is very important. Relevant documents include:
• phytosanitary certificate for agricultural commodities (issued by NAQS)
• health certificate for processed and semi-processed food items (issued by NAFDAC)
• international veterinary certificate for animals and animal products (issued by DVPCS)
• fumigation certificate for agricultural commodities (issued by FPIS, part of FMITI)
Want to find out more regarding quality competent authorities (QCAs) and the associated documents? Check out the detailed information about QCAs!

COMMERCIAL DOCUMENTS
The commercial documents display product values and quantities. The documents are both prepared and issued by the exporter and include:
• Commercial invoice – indicating the value of goods for export in the currency of transaction
• Packing list – indicating the unit packaging and total quantity of goods intended for exports

FINANCIAL DOCUMENTS
The preparation of financial documents shows evidence of financial transaction between buyer and seller. It also shows conformance with the financial regulation for exports. Summarising it includes:
• Document issued – Nigeria Export Proceed form (NXP)
• Issued by – commercial bank
• Relevant because – it captures the value of the export transaction for economic development purposes. It is also a major prerequisite for accessing the Export Expansion Grant (export incentive)

• Document issued – commercial invoice
• Issued by – you as exporter
• Relevant because – it indicates the value of the goods for export in currency of transaction. It is also useful for processing the NXP

• Document issued – final invoice
• Issued by – you as exporter
• Relevant because – it indicates the actual value of the goods exported in currency of transaction for the purpose of payment by the importer

GOODS MOVEMENT DOCUMENTS
This deals with all aspects of the delivery of goods to the buyer in the medium specified in the export contract. Documents involved can include:

• Document issued – Clean Certificate of Inspection (CCI)
• Issued by – government appointed Pre-Shipment Inspection Agencies (PIAs)
• Relevant because – it ascertains the quality, quantity and price competitiveness of Nigerian exports

• Document issued – Certificate of Weight and Quality
• Issued by – independent quality assessors (e.g. SGS, Bureau Veritas) agreed by seller and buyer
• Relevant because – it ensure the goods conform to the quality standards and weight as stated in the contract

• Document issued – Certificate of Origin
• Issued by – National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)
• Relevant because – it indicates the origin of goods, needed for e.g. trade agreement benefits

• Document issued – Bill of Lading (shipping document)
• Issued by – shipping agencies
• Relevant because – it indicates the details of goods transported by sea

• Document issued – Air Way Bill (shipping document)
• Issued by – airlines
• Relevant because – it indicates the details of goods transported by air

• Document issued – Road Transport Bill (shipping document)
• Issued by – logistics companies
• Relevant because – it indicates the details of goods transported by road

To register as a supplier — follow this link —

http://www.cokodeal.com/index.php?option=registration&task=sellerregister

Article credit: Nigeria export promotion council NEPC

For buyer inquiry

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560