Monday, January 24, 2011


From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.


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Export exists mainly in order to “transfer” commodities and services from areas of surplus to areas where they are lacking. There is no doubt that Nigeria has a comparative over other nations with regards to the export of agricultural produce because over 70% of the nation’s landmass is arable. One of such commodity that can be found in abundance especially in rural communities in Nigeria is bitter kola.

Bitter {Garcinia} Kola is one of the varieties of kola that can be found in the Nigeria which are mostly found in the southern parts of the country. Though there are no definite figures as to the annual production of the plant in Nigeria because most are sourced from the wild the annual production is estimated at between 130,000 MT - 150,000 MT annually.

Bitter kola is in great demand in developed countries where they are used in the pharmaceutical industry as raw materials in the production of drugs. Because of the health use which bitter kola is put to, the exporter must ensure that the product is of good quality. It product must be free of foreign materials like stones, dirty etc.

Again there are figure as to the size of the international market for bitter kola, currently a kilogram of bitter kola commands a price of between $15- $17 at the international market depending on the negotiating skills of the exporter and the size of shipment while the at the local market ,the price is about N 200 / kg.

The business can be done on a large or small scale and it is important that the exporters understands the business before going into it.

The successful implementation of this project begins with the purchase of our detailed manual to ascertain the actual cost/benefit status of the project. Company registration with Corporate Affairs Commission and Nigeria Export Promotion Council is also required.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below


Do you know you can access to over 50 market intelligence reports and our monthly E- Magazine for 12 months for just N 5,000?
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Can you supply bitter kola from Nigeria and you are seeking for export contract? Then use our business process outsourcing service. Contact us with the details given below with the subject line as BITTER KOLA EXPORT IN NIGERIA: BITTER KOLA EXPORT CONTRACT.
At Foraminifera Market Research {}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

You can order our detailed feasibility report on the export of bitter kola in Nigeria by clicking on the link below.

Report Code: FORA/08/2011/021

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Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

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In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites { The one stop for the oil and gas industry in Nigeria} { Marketing and Sales of Market Intelligence Report} {Online Business Forum}