Palmadex Group
Winners of Best Agricultural Product export company of the year by the Nigeria Export Summit. And also won the best export trading institute of the year 2019, We are the benchmark to export trading in Nigeria, We provide executive training, best curriculum, hands-on training.
MARCH/ APRIL EDITION
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Did you Know?
Groundnut Pyramids!
The pyramids were built in northern Nigerian cities such as Kano, where groundnut production was a key part of the economy. They were viewed as both a tourist attraction and a symbol of wealth.
Groundnut pyramids were the invention of Alhaji Alhassan Dantata, a prominent nut trader, to stack bags before export.
Groundnut pyramids were pyramid-like structures made from groundnut sacks.
Alhaji Alhassan Dantata, came to Kano in 1919 and within five years was one of the most successful businessmen, supplying the Royal Niger Company (RNC) with most of their groundnuts.
PRODUCT
About Sesame Seed
Other Names; Benne, benne seed, benniseed.
With its rich nutty flavor, Sesame, which has one of the highest oil contents of any seed, remains one of the oldest oilseed crops in the known world.
Easily Nigeria’s second most sought-after cash crop, Sesame Seed follows after Cocoa as the national leading agricultural exports.
Considering how to Export Sesame?
Japan is the world’s largest sesame importer. Sesame oil, particularly from roasted seed, is an important component of Japanese cooking. China is the second largest importer. Other countries are United States, Canada, Netherlands and France.
EXPORT GIST
Nigeria’s Exports to African countries to hit N7.55trn
Experts point out that while Nigeria is the largest economy on the continent, the bulk of its exports goes to Europe, Asia and America. Indeed, in its foreign trade in goods statistics report for Q4’22 released late last month, the NBS stated: “The value of total export stood atN6,359.61 billion in the fourth quarter of 2022, this accounted for 54.25 per cent of total trade.
The African Continental Free Trade Area (AfCFTA), has the potential to increase employment opportunities and incomes, helping to expand opportunities for all Africans. “The AfCFTA is expected to lift around 68 million people out of moderate poverty and make African countries more competitive.
Read More about Nigeria’s Exports
INCOTERMS
Incoterms, are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods.
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce.
Building a Brand that’s Globally Acceptable with Dr. Benard Omoyeni.
Dr. Benard Adedotun Omoyeni, is the Managing Director of the award-winning Palmadex Global Integrated Services Ltd now Palmadex Group, Nigeria’s fast-growing and reliable exporters of Agricultural Commodities and Processed Foods, such as sesame seed, hibiscus, cassava, charcoal, ginger, raw cashew nut, cocoa beans, coffee, kola nuts, poultry, groundnut, locust beans, vegetables and rubber among others. Benard Omoyeni is also a certified environmental scientist and published author of Principles & Application of Environmental Impact Assessment.
You can begin with Zero Naira and start earning within 3 months as an export contract broker.
What are common misconceptions about Export?
Many thought it was only oil and gas that can be exported from Nigeria.
Most people at the top in business have stepped on a few heads to get there, can you say this is not the case with you?
Not the case. Palmadex is driven by vision and not by ambition. We know with GOD and following standard processes, we would get to the top most top.
What is your focus for the future?
Build a multinational conglomerate that would have trade offices all across the world.Read Full Interview with Dr. Benard Omoyeni
Palmadex is a distinguished member of the United Nations’ World Trade Organisation, the ICC and has its export destinations to the US, UK, Vietnam, Nicaragua, UAE, Isreal etc. Palmadex Group currently has an International Operational base in Vietnam and Dubai. The company has built a brand that has attracted many commodity investors to Nigeria.
Palmadex Group offers Nigerians the platform to harness various investment opportunities available in international trade as well as the privilege to earn foreign currencies.
