{"id":217384,"date":"2018-09-25T21:48:41","date_gmt":"2018-09-25T21:48:41","guid":{"rendered":"http:\/\/nepc.gov.ng\/importer\/?page_id=217384"},"modified":"2020-08-31T15:29:50","modified_gmt":"2020-08-31T15:29:50","slug":"finance","status":"publish","type":"page","link":"https:\/\/nepc.gov.ng\/importer\/doing-business\/finance\/","title":{"rendered":"Finance"},"content":{"rendered":"<p>[et_pb_section bb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; custom_padding_last_edited=&#8221;off|phone&#8221; _builder_version=&#8221;3.18.4&#8243; background_image=&#8221;https:\/\/nepc.gov.ng\/importer\/wp-content\/uploads\/2018\/07\/finance-2-2.jpg&#8221; parallax_method=&#8221;off&#8221; custom_padding_tablet=&#8221;500px|||&#8221; custom_padding_phone=&#8221;300px|||&#8221; next_background_color=&#8221;#ffffff&#8221; background_position=&#8221;bottom_center&#8221;][et_pb_row admin_label=&#8221;row&#8221; custom_padding=&#8221;300px|||&#8221; padding_mobile=&#8221;off&#8221; column_padding_mobile=&#8221;on&#8221; parallax_method_1=&#8221;off&#8221; _builder_version=&#8221;3.11&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243;][et_pb_divider show_divider=&#8221;off&#8221; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;3.11&#8243; hide_on_mobile=&#8221;on&#8221;]<\/p>\n<p>[\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=&#8221;1&#8243; _builder_version=&#8221;3.17.6&#8243; custom_padding=&#8221;||70px|&#8221; prev_background_color=&#8221;#000000&#8243;][et_pb_row _builder_version=&#8221;3.0.48&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;1_4&#8243;][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243;][et_pb_blurb admin_label=&#8221;Title \/ date with icon&#8221; use_icon=&#8221;on&#8221; font_icon=&#8221;%%260%%&#8221; icon_color=&#8221;#d0d9de&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;100%&#8221; use_icon_font_size=&#8221;on&#8221; icon_font_size=&#8221;42px&#8221; _builder_version=&#8221;3.18.4&#8243; header_level=&#8221;h1&#8243; header_font=&#8221;|||on|||||&#8221; header_font_size=&#8221;38px&#8221; header_line_height=&#8221;1.2em&#8221; body_font=&#8221;|||on|||||&#8221; body_text_align=&#8221;left&#8221; body_text_color=&#8221;#009ed5&#8243; body_font_size=&#8221;38px&#8221; body_letter_spacing=&#8221;1px&#8221; body_line_height=&#8221;1.2em&#8221; custom_margin=&#8221;0px|||0px&#8221; animation=&#8221;left&#8221; global_module=&#8221;216678&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221;]<\/p>\n<h1>Finance<\/h1>\n<p>[\/et_pb_blurb][et_pb_text _builder_version=&#8221;3.18.4&#8243;]<\/p>\n<h2>Tips for buyers<\/h2>\n<p>International trade can present risks, uncertainties about timing and modes of payments between buyer and seller. Ensure the terms of payments are clearly defined in the export contract Find below some important financial tips on how to relate with Nigerian exporters.\u00a0<\/p>\n<h2>Currencies<\/h2>\n<p>Some of the world\u2019s currencies are accepted for most international transactions in Nigeria. The most popular are US Dollar, British Pounds Euro and Yen. The US Dollar is most widely accepted by Nigerian sellers.<\/p>\n<h2>Payment methods<\/h2>\n<p>The most acceptable form of payment for export in Nigeria is Documentary credit (e.g. Letter of Credit). Others are:<\/p>\n<ul>\n<li>Open account (e.g. advanced payment, cash against document, deferred payment)<\/li>\n<li>Documentary collections (e.g. bills of collections)<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p>It is advisable to always check and discuss your payment options with a financial adviser and the seller. This would ensure the right payment agreement in your export contract.<\/p>\n<p>\u00a0<\/p>\n<p>Want to know more about finance in Nigeria? <a href=\"https:\/\/nepc.gov.ng\/importer\/contact\/\">Contact us<\/a> and find out how we can help!<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Text |CTA&#8221; _builder_version=&#8221;3.18.4&#8243; locked=&#8221;on&#8221;]<\/p>\n\n\n\n<div id=\"wpv-view-layout-217298-TCPID217384\" class=\"js-wpv-view-layout js-wpv-layout-responsive js-wpv-view-layout-217298-TCPID217384\" data-viewnumber=\"217298-TCPID217384\" data-pagination=\"{&quot;id&quot;:&quot;217298&quot;,&quot;query&quot;:&quot;normal&quot;,&quot;type&quot;:&quot;disabled&quot;,&quot;effect&quot;:&quot;fade&quot;,&quot;duration&quot;:&quot;500&quot;,&quot;speed&quot;:&quot;5&quot;,&quot;pause_on_hover&quot;:&quot;disabled&quot;,&quot;stop_rollover&quot;:&quot;false&quot;,&quot;cache_pages&quot;:&quot;enabled&quot;,&quot;preload_images&quot;:&quot;enabled&quot;,&quot;preload_pages&quot;:&quot;enabled&quot;,&quot;preload_reach&quot;:&quot;1&quot;,&quot;spinner&quot;:&quot;builtin&quot;,&quot;spinner_image&quot;:&quot;https:\/\/nepc.gov.ng\/cms\/wp-content\/plugins\/wp-views\/embedded\/res\/img\/ajax-loader.gif&quot;,&quot;callback_next&quot;:&quot;&quot;,&quot;manage_history&quot;:&quot;enabled&quot;,&quot;has_controls_in_form&quot;:&quot;disabled&quot;,&quot;infinite_tolerance&quot;:&quot;0&quot;,&quot;max_pages&quot;:0,&quot;page&quot;:1,&quot;base_permalink&quot;:&quot;\/importer\/wp-json\/wp\/v2\/pages\/217384?wpv_view_count=217298-TCPID217384&amp;wpv_paged=WPV_PAGE_NUM&quot;,&quot;loop&quot;:{&quot;type&quot;:&quot;&quot;,&quot;name&quot;:&quot;&quot;,&quot;data&quot;:[],&quot;id&quot;:0}}\" data-permalink=\"\/importer\/wp-json\/wp\/v2\/pages\/217384?wpv_view_count=217298-TCPID217384\">\n\n\t\n\t\n\t\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Tips for buyersInternational trade can present risks, uncertainties about timing and modes of payments between buyer and seller. Ensure the terms of payments are clearly defined in the export contract Find below some important financial tips on how to relate with Nigerian exporters.\u00a0CurrenciesSome of the world\u2019s currencies are accepted for most international transactions in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":216970,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-217384","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance - NEPC Importer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nepc.gov.ng\/importer\/doing-business\/finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance - NEPC Importer\" \/>\n<meta property=\"og:description\" content=\"Tips for buyersInternational trade can present risks, uncertainties about timing and modes of payments between buyer and seller. 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