dhl Nigeria Fact Sheet - Dhl...
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DHL NIGERIA FACT SHEET NIGERIA NIGER EQUATORIAL GUINEA CAMEROON Abuja Lagos Port Harcourt Enugu Kano DHL Gateway Major City KEY Capital City Country Profile Capital Abuja Population 174.5 million Area 923,768 sq km Currency 1 naira (NGN) = 100 kobo GDP US$ 444.3 billion (2012 est.) Languages English, 500+ indigenous languages including Hausa, Yoruba, Igbo (Ibo), Fulani Ethnic Groups 250+ known groups, including Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5% Source: CIA World Factbook OVERVIEW e future is looking bright for Nigeria: already the most populous country in Africa, it is primed to overtake South Africa and become the continent’s largest economy. Nigeria’s economic growth has been fuelled and sustained by the nation’s wealth in natural resources: the country is Africa’s largest producer of crude oil, the eighth largest in the world. Since returning to civilian rule (and re-joining the Commonwealth) in 1999, Nigeria has also emerged as one of Africa’s most politically stable nations. With increased spending power, Nigeria’s broad customer base is becoming more discerning: the market for higher- quality (though not necessarily luxury) goods is expanding rapidly. As there is little formal retail infrastructure in the country itself, many Nigerians are turning towards the UK: Nigeria was the fourth-biggest contributor to overseas tax- free shopping in the UK in 2012, behind China, Russia and the Middle East. Accordingly, British companies with a view to export have a unique opportunity to tap into this market at an early stage. 50 per cent of Nigeria’s urban population has Internet access and as the country’s financial infrastructures improve, online retail is becoming increasingly popular. English – the country’s official language – is widely spoken. And the British Government is highly supportive of UK businesses exporting to Nigeria: in his 2011 state visit to the country, Prime Minister David Cameron and Nigerian President Goodluck Jonathan signed agreements to cooperate in trade, energy and immigration. Sources: Bloomberg Business Week, GOV.UK, McKinsey Global Institute, UKTI, The World Bank DHL FACTS Locations: 237 Gateways into the Country: 1 Number of Service Centres: 35 DHL Delivery Zone: 10 Vehicle Fleet: 265
Transcript of dhl Nigeria Fact Sheet - Dhl...
DHL NIGERIA FACT SHEET
N I G E R I A
NIGER
EQUATORIALGUINEA
CAMEROON
Abuja
Lagos
Port Harcourt
Enugu
Kano
DHL GatewayMajor City
KEYCapital City
Country Profile
Capital Abuja
Population 174.5 million
Area 923,768 sq km
Currency 1 naira (NGN) = 100 kobo
GDP US$ 444.3 billion (2012 est.)
Languages English, 500+ indigenous languages including Hausa, Yoruba, Igbo (Ibo), Fulani
Ethnic Groups 250+ known groups, including Hausa and Fulani 29%, Yoruba 21%, Igbo (Ibo) 18%, Ijaw 10%, Kanuri 4%, Ibibio 3.5%, Tiv 2.5%
Source: CIA World Factbook
OVERVIEW
The future is looking bright for Nigeria: already the most populous country in Africa, it is primed to overtake South Africa and become the continent’s largest economy.
Nigeria’s economic growth has been fuelled and sustained by the nation’s wealth in natural resources: the country is Africa’s largest producer of crude oil, the eighth largest in the world. Since returning to civilian rule (and re-joining the Commonwealth) in 1999, Nigeria has also emerged as one of Africa’s most politically stable nations.
With increased spending power, Nigeria’s broad customer base is becoming more discerning: the market for higher-quality (though not necessarily luxury) goods is expanding rapidly. As there is little formal retail infrastructure in the country itself, many Nigerians are turning towards the UK: Nigeria was the fourth-biggest contributor to overseas tax-free shopping in the UK in 2012, behind China, Russia and the Middle East.
Accordingly, British companies with a view to export have a unique opportunity to tap into this market at an early stage. 50 per cent of Nigeria’s urban population has Internet access and as the country’s financial infrastructures improve, online retail is becoming increasingly popular. English – the country’s official language – is widely spoken. And the British Government is highly supportive of UK businesses exporting to Nigeria: in his 2011 state visit to the country, Prime Minister David Cameron and Nigerian President Goodluck Jonathan signed agreements to cooperate in trade, energy and immigration.
Sources: Bloomberg Business Week, GOV.UK, McKinsey Global Institute, UKTI, The World Bank
DHL FACTS
Locations: 237
Gateways into the Country: 1
Number of Service Centres: 35
DHL Delivery Zone: 10
Vehicle Fleet: 265
DHL Nigeria Fact Sheet 2
ESSENTIAL CUSTOMS INFORMATION
There is no de minimis (duty free allowance) so all imports are subject to duty and taxes. Duty rates vary from 0% to 35%, depending on the commodity. VAT is levied on imports at a standard rate of 5%, based on the sum of CIF (Cost, Insurance, Freight) value, duty & excise and other taxes, if applicable.
Commercial invoices should clearly include details of the cost of the items, cost of insurance and freight charges.
SONCAP certification is required for many products, for details see www.export2nigeria.com
TRADE INFORMATION
Prohibited ItemsThe list below is in addition to DHL’s standard list of prohibited items.
UK to Nigeria Transit Times
The times provided for dutiable shipments are based on the time expected for customs in Nigeria to clear the shipment. This is contingent upon the value of the shipment.
Abuja Non-Dutiable: 2 days Dutiable: 3 days
Lagos Non-Dutiable: 2 days Dutiable: 3 days
Port Harcourt Non-Dutiable: 3 days Dutiable: 4 days
Kano Non-Dutiable: 4 days Dutiable: 5 days
Enugu Non-Dutiable: 3 days Dutiable: 4 days
Exports from Nigeria
US$ 95.68 billion (2012 est.)
Export commodities: Petroleum and petroleum products 95%, cocoa, rubber.
Top Export Destinations: Ghana, UK, Cote d’Ivoire, USA, Niger, South Africa, Cameroon, Canada, Togo.
Imports into Nigeria
US$ 53.36 billion (2012 est.)
Import commodities: Machinery, chemicals, transport equipment, manufactured goods, food and live animals.
Top Import Origins: USA, UK, France, South Africa, Italy.
Restricted ItemsFor all document shipments, only write DOX on the waybill to reduce the chance of these items being targeted for fraud. Magazines, periodicals and journalsMaximum weight: 5 kg / 11 lb.Blank formsMaximum quantity: 10 pieces.Business cards, catalogues, newspapers and technical manualsMaximum quantity: 50 pieces.Cancelled cheques (NI), computer printouts, computer-generated ship manifests diplomatic mail, general business documents, money orders (NI) and publications not for public resaleMax weight 50 kg / 110 lb.Drugs: Non-prescriptionDetailed packing list or invoice and reason for export required. Contact DHL Customer Services if items are to be shipped on a commercial scale. Vitamins, dietary, hair, nail, skin, herbal and health food supplements are allowed for private use only.Drugs: PrescriptionRegulations apply and additional paperwork is required. Contact DHL Customer Services for more information. Drugs for personal use are exempt from additional regulations, but must be accompanied by a doctor’s prescription and be in quantities considered ‘reasonable’ for individual use.For foodstuffs, military equipment, seeds and x-ray machines please contact DHL Customer Services before shipping.
• Animal products• Antiques• Asbestos• Assembled bicycles • Bagged cement• Barytes & bentonites• Blank invoices• Dangerous goods including
axes, cutlasses, firearms or parts of, hazardous or combustible materials and spades & shovels
• Furniture• Furs• Gambling devices & gaming
machines • Specific grains & grain
products: maize, millet, sorghum, spaghetti & noodles, wheat flour
• Handbags, bags, belts, wallets, purses including suitcases of leather or plastic
• Hollow glass & bottles of capacity exceeding 150 mL
• Ivory
• Leather or plastic footwear• Mosquito repellent coils• Specific foodstuffs &
perishables: alcoholic and non-alcoholic beverages including mineral water, cocoa butter, fresh fruit, fruit juice in retail packs, meat & meat products including poultry, powder & cakes, sweets including sugar confectionary but excluding chocolate, vegetable oil
• Plants: fresh and plastic flowers
• Plastic buckets, bins, coat hangers, plates, knives, spoons, forks, cups and bowls
• Precious metals & stones• Soaps & detergents • Textiles with African prints• Tobacco• Used air conditioners,
compressors, fridges & freezers
• Used clothing• Wheelbarrows
For more information
If you need support or advice on trading with Nigeria, help is available.
Contact the DHL Express team on 0844 248 0675
DHL Customer Services is also available on 0844 248 0844
Contact your local Chambers of Commerce www.britishchambers.org.uk
Contact your local UKTIwww.ukti.gov.uk
Visit www.dhlguide.co.uk for international trade information and to read our blog
Follow us on Twitter @dhlexpressuk to keep up to date with all the latest developments in international trade
Source: DHL, CIA World Factbook
Valid from: 06/2014
For an estimate of landed costs (duties, taxes and other import fees) for shipments going to the Nigeria, use the free DHL Express Trade Automation Services (TAS) tool. tas.dhl.com TAS also provides information on regulation compliance and trade documentation.
