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      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
Sierra Leone airline begins direct flight from Lagos to Freetown
BY Abiodun Saheed Omodara January 23, 2025 0

After a 15-year break, Air Sierra Leone successfully completed its inaugural flight from Freetown to...

READ ALSO
Savannah energy reports $258.7m in 2024, exceeding financial guidance
BY Abiodun Saheed Omodara January 23, 2025 0

The British independent energy company, Savannah Energy Plc has declared a total revenue of $258.7 m...

READ ALSO
Nigeria's economic prospects highlighted ahead of WEF 2025
BY Abiodun Saheed Omodara January 22, 2025 0

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has indicated that Nige...

READ ALSO
Africa now an investment destination – Shettima
BY Abiodun Saheed Omodara January 22, 2025 0

Vice-President Kashim Shettima urged global investors to consider Nigeria's expanding business prosp...

READ ALSO
Ecobank partners with credicorp on flexible customer loans
BY Abiodun Saheed Omodara January 22, 2025 0

Ecobank Nigeria has teamed up with the Nigerian Consumer Credit Corporation to provide customers wit...

READ ALSO
W’Bank imposes 30-month debarment on Nigerian coy’s for corruption
BY Abiodun Saheed Omodara January 22, 2025 0

The World Bank Group has announced a 30-month debarment for two companies based in Nigeria, Viva Atl...

READ ALSO
TUC advocates for Tax reassessment to support Nigerians
BY Abiodun Saheed Omodara January 22, 2025 0

The Trade Union Congress of Nigeria (TUC) has urged for a reassessment of certain aspects of the tax...

READ ALSO
NCC approves 50% tariff adjustment for telecom operators amid rising costs
BY Abiodun Saheed Omodara January 21, 2025 0

The Nigerian Communications Commission (NCC) announced on Monday that it has approved a tariff adjus...

OUR CHANNELS:

EU assures continue support for Nigeria’s democracy
BY Abiodun Saheed Omodara January 30, 2025 0

ABUJA – The European Union (EU) has reaffirmed its unwavering commitment to strengthening...


Tinubu Returns to Nigeria From Tanzania
BY Abiodun Saheed Omodara January 30, 2025 0

President Bola Tinubu has returned to Abuja following his attendance at the Africa Heads of State En...


Obi emphasises focus on Nigerians' welfare, seek coalition for 2027 elections
BY Abiodun Saheed Omodara January 30, 2025 0

Labour Party presidential candidate Peter Obi has expressed his willingness to a coalition ahead of...


FAAN ease traffic congestion, suspends access gate fees at Abuja Airport
BY Abiodun Saheed Omodara January 28, 2025 0

The Federal Airports Authority of Nigeria has announced the suspension of all access gate fees at th...


Obasa challenges removal as Speaker, Denies corruption allegations
BY Abiodun Saheed Omodara January 27, 2025 0

The impeached Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has faulted his removal...


Court orders woman to pay N150, 000 for boyfriend emotional distress
BY Abiodun Saheed Omodara January 27, 2025 0

A Magistrate Court in Ilesa, Osun State, has ordered Rhoda Adu to pay N150,000 in damages for not vi...


U.S. halts all foreign aid, exempt Israel, Egypt amid 'America First' Policy Shift
BY Abiodun Saheed Omodara January 30, 2025 0

USA (AFP) - The United States, the largest donor globally, halted nearly all foreign aid on Friday,...


NELFUND reaffirms commitment to affordable education
BY Abiodun Saheed Omodara January 28, 2025 0

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has reiterat...


Edo report eight Lassa Fever deaths, 56 cases
BY Abiodun Saheed Omodara January 26, 2025 0

Edo State has reported 56 cases of Lassa Fever and eight fatalities from December 30, 2024, to Janua...


Olamide teases fans with new project announcement, After Idan Buruku
BY Abiodun Saheed Omodara January 25, 2025 0

After thrilling fans with "Idan Buruku," an electrifying freestyle that takes listeners back in time...


More Articles

Load more...

Menu