Would you like to receive notifications on latest updates of the following headlines?

NPA Releases New Requirements for Exporters

POSTED ON May 30, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Nigeria Port Authority l Credit:@NPA_Auction

The Nigerian Ports Authority (NPA) has directed exporters to fill Nigeria Export Proceeds, (NXP) form before export trucks can be allowed into the ports to drop such cargo. 

NXP form is a document that gives authorized dealers in the export value chain, information on the goods for export. 

The authorized dealers in this case include the exporter’s bank, Nigeria Customs Services, Pre-shipment Inspection Agents, etc. 

In a notice to all stakeholders titled ‘Introduction of Nigeria Export Proceeds as a prerequisite for booking export trucks on ‘Eto’ platform’, the management of the NPA through the Truck Transit Parks Limited, promoters of the ETO platform, said that transition procedures for the new policy have been completed and ready to be implemented. 

The agency also said that with the introduction of the NXP, potential exporters would be mandated NXP application numbers for their consignment before their booking on the platform can be activated. 

According to the Notice, the new arrangement is expected to improve the processing of export boxes at the Export Processing Terminals. 

Part of the notice reads: “Following NPA and government directives, and a series of stakeholders’ engagements on the introduction of Nigeria Export Proceeds, NXP, to facilitate export processing via the Eto electronic Call system, we are pleased to announce the completion of the configuration transition procedures and the readiness to commence implementation accordingly. 

With the new arrangement of NXP, all potential exporters would be mandated to provide their respective NXP application numbers for their consignment before the booking is activated. This improved procedure mandated by the NPA and the government is to ensure that the booking of export boxes to the port must be preceded by an NXP application for such consignment. 

“Furthermore, the new initiative is expected to streamline and improve the processing of export boxes at the Export Processing Terminals, EPTs, by ensuring that only export boxes whose NXP are at the final stage of approval can be released from the EPTs to the ports while trucks that are not at the final stage of the NXP process will not be released to the port until they have fulfilled this requirement as mandated by the Authority. 

“Before an export booking is made to the ETPs, the exporter must provide a valid NXP number and it is validated on the NPA, CBN,  and NXP portal before export booking can be made or validated. “Before an export is allowed to leave any EPTs, the container number is automatically checked on the NAP-CBN-NXP Portal. The NXP status of the export container must be on the final status.”

READ ALSO
Tinubu Empowers ICRC to Streamline PPP Processes
BY Abiodun Saheed Omodara June 30, 2025 0

President Bola Tinubu has authorized the Infrastructure Concession Regulatory Commission (ICRC) to e...

READ ALSO
Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 28, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...

READ ALSO
Dangote Decries Inconsistent Policies, Poor Power Supply as Barriers to Africa’s Industrial Growth
BY Abiodun Saheed Omodara June 27, 2025 0

Africa’s foremost industrialist and President of Dangote Industries Limited (DIL), Alhaji Alik...

READ ALSO
Transition of Tax Collection to NRS Announced, New VAT Sharing Begins January 1, 2026
BY Abiodun Saheed Omodara June 27, 2025 0

President Bola Tinubu signed four tax reform bills into law on Thursday, indicating Nigeria's commit...

READ ALSO
Afreximbank Advocates for Innovative Financing Structures in South–South Trade
BY Abiodun Saheed Omodara June 26, 2025 0

The President and Chairman of the Board of Directors of the African Export-Import Bank, Prof. Benedi...

READ ALSO
Tinubu Signs Four Tax Reform Bills to Transform Nigeria's Fiscal Framework
BY Abiodun Saheed Omodara June 26, 2025 0

ABUJA, Nigeria - President Bola Tinubu has enacted four tax reform bills that focus on crucial aspec...

READ ALSO
Tinubu to Sign Four Tax Reform Bills into Law Thursday
BY Abiodun Saheed Omodara June 26, 2025 0

President Bola Tinubu is set to sign four pivotal tax reform bills designed to revamp Nigeria's fisc...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

OUR CHANNELS:

Reclaiming Gaddafi’s Pan-African Dream: Why His Vision Still Matters
BY Suleiman Jimoh July 2, 2025 0

Few remember that Muammar Gaddafi once dared to imagine an Africa unchained from foreign dictate. He...


Calls for Autopsy: Ondo Govt. Faces Pressure to Exhume Late Governor Akeredolu's Body
BY Abiodun Saheed Omodara July 1, 2025 0

The Ondo State Government may need to exhume the body of the late governor, Oluwarotimi Akeredolu, f...


Dangote Slash Petrol Price to N840 per Litre Amid Market Adjustments
BY Abiodun Saheed Omodara July 2, 2025 0

The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit, commonly refe...


NEC Reinstates Anyanwu as PDP National Secretary Amid Internal Conflicts
BY Abiodun Saheed Omodara July 1, 2025 0

The 100th meeting of the National Executive Committee (NEC) of the People’s Democratic Party (...


APC Schedules NEC Meeting for July 24 Amid Leadership Changes
BY Abiodun Saheed Omodara July 1, 2025 0

ABUJA, Nigeria - The All Progressives Congress (APC) has scheduled its National Executive Committee...


PDP: Tensions Rise Ahead of 100th NEC Meeting Amid Factional Disputes
BY Abiodun Saheed Omodara July 1, 2025 0

As tensions escalate within the People’s Democratic Party regarding the National Secretary pos...


Sokoto,Kebbi PDP Ready to Join Coalition Against APC in 2027
BY Abiodun Saheed Omodara July 1, 2025 0

The state branches of the People’s Democratic Party (PDP) in Sokoto and Kebbi have expressed t...


UNIUYO Medical Lecturers Begin Indefinite Strike over VC appointment
BY Abiodun Saheed Omodara June 30, 2025 0

Medical lecturers at the University of Uyo, affiliated with the Medical and Dental Consultants Assoc...


Nigeria and Saint Lucia Unite for Mutual Growth
BY Abiodun Saheed Omodara July 1, 2025 0

President Bola Tinubu and Prime Minister Philip J. Pierre agreed on Sunday to establish formal diplo...


Tinubu Empowers ICRC to Streamline PPP Processes
BY Abiodun Saheed Omodara July 2, 2025 0

President Bola Tinubu has authorized the Infrastructure Concession Regulatory Commission (ICRC) to e...


More Articles

Load more...

Menu