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.
SOFT COPY SUBSCRIPTION
Annual subscription x 12 issues
Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!
You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues
Subscribe Now!
For more on our subscription and membership package, please do visit http://www.foramfera.com/index.php/membership-zone
BUSINESS OPPORTUNITIES IN TRADING AND BROKERAGE OF NIGERIAN CRUDE OIL.
Nigeria has for long been a major producer of crude oil ever since the first commercial well was drilled in Oloibiri in present day Bayelsa state. The country presently has an estimated 35.3 billion barrels both onshore and offshore assets mostly domiciled in the Niger Delta basin. Nigeria presently ranks tenth in the most petroleum-rich nation, and by the far the most affluent in Africa producing about two million {2,000,000} barrels per day.
Nigeria's
petroleum is classified mostly as "light" and "sweet", as
the oil is largely free of sulphur. Nigeria is the largest producer of sweet
oil in OPEC. This sweet oil is similar in composition to petroleum extracted
from the North Sea. This crude oil is known as "Bonny light". Names
of other Nigerian crudes, all of which are named according to export terminal,
are Qua Ibo, Escravos blend, Brass River, Forcados, and Pennington Anfan.
Sales
of crude oil in Nigeria are usually done through the Nigeria National Petroleum
Corporation {NNPC} on FOB basis.
Prospective buyers can also source the product on the following delivery terms
from other source CIF, TTT or TTO.
FOB – Free On
Board (named loading port): The classic maritime trade term, seller must load
the goods on board the ship nominated by the buyer, cost and risk being divided
at ship's rail. The seller must clear the goods for export.
TTO-
Tanker-Taker-Over: As the name suggests refers to a situation where the buyer
takes over the hiring of the pregnant vessel along with the product it
contains.
TTT- Tanker to
Tanker Transfer: This refers to a situation where the buyer hires his own
vessel and uses same to purchase products from the seller.
Petroleum
products are among the most valuable natural resources abundantly available in
our country. Nigerians and people everywhere use petroleum products as a fuel
in their automobiles, generating sets, industrial plants and for cooking
purposes, thus making petroleum products an essential commodity that is needed
for the daily operations of individual, industrial and national activities.
Nigeria
being an oil producing nation however still relies on imported petroleum
products for the servicing of the economy. Such petroleum products as Petrol
(PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost
everybody on daily basis at an average of 60 million litres daily usage.
Due
to increasing level of standard of living, more Nigerians are increasing the number
of cars on the road, the need for constant power supply to aid uninterrupted
production of goods and services and also for domestic use more Nigerians are
increasing the demand for fuel in order to enjoy the usage of their generating
sets and industrial plants.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
Get our detailed market intelligence report on the subject matter by clicking on the link below
You can also get the report from our sister company, Market Report Portal, with the link below
Do
you require one- on- one training on the subject matter? Contact us
with any of the details provided below to arrange a meeting
Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}
E-Mail Address:
enquiries@foramfera.com
Office Address:
61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.
Like and Follow us on
Twitter: https://twitter.com/fmarketresearch
HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.
The
training cuts across different segment of the economy to include
Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining
and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism
and Transportation and are facilitated by seasoned professionals in
their respective fields.
Please do visit the link below to access available training programmes
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.
We
prepare business plan, feasibility study and market report for the
small and medium scale industries and develop the entrepreneurial
capacity of our client with the aim of providing the much needed
business data in Nigeria.
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
www.nigeriaoilandgasportal.com { The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com { Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}
