Monday, March 28, 2011
Wednesday, March 23, 2011
The table above shows the revenues of 15 companies on the Fortune 500 list. These companies produce different goods and services exported to Nigeria and other parts of the world from America. The total profit for these 15 companies according to Fortune 500 in 2010 is USD106,747,000,000.00. The corporate tax these companies paid to the American government ranges from 15-35%. With an average of 25% corporate tax, these 15 companies will be paying USD26,686,750,000.00 to the government of America from their revenue in 2010. It is therefore interesting to note that the Naira equivalent of the total sum of these corporate tax paid by just 15 companies to the American government is NGN 4,003,012,500,000.00.
The federal government of Nigeria presented a budget of 4.236 trillion naira to the National Assembly in December 2010. This figure is equivalent to what just 15 companies are paying in corporate tax to the US government in one year.
The last column of the table above shows the products and services rendered by these companies. These are products that most Nigerians and other people around the world use from time to time. This goes a long way to show that, these American companies export these products to us in Nigeria and other parts of the world and take all the dollars back to America from which their government enjoys so much from taxation.
Therefore, if we really want to grow our economy, create employment, diversify the government sources of income, then there is need for as many Nigerians as possible to be involved in export of various Nigerian products ranging from Solid Minerials, Agriculrural Commodities and the products of small manufactures like shea butter, leather etc.
We can start by exporting raw materials and as the business grows we can move on to begin to export semi-processed goods and finally finished goods like the companies listed in the table above.
Wednesday, March 16, 2011
EXPORT CREDIT INSURANCE SCHEME
- Improves cash flow.
- Reduces operating expenses.
- Expands working capital.
- Provides quick alternative source of financing.
- Funds business growth/expansion without increased bank debt or selling equity.
- Provides immediate access to working capital.
- Enables company to increases sales and profitability.
Monday, March 14, 2011
The Table below shows the Specifications of the laboratory analysis done on our product sample in a United State laboratory (INTERTEK OIL, CHEMICAL & AGRIC SERVICES). The Report Number of this analysis is US621-2079/48363.64504/10. Are you interested in buying high grade premium Shea butter from Nigeria, then contact us via +234 803 6522 946.
Thursday, March 10, 2011
Friday, March 4, 2011
(Pb) - 6.00%
(F) - 0.10%
(Cd) - 0.05%
(Hg) - 0.01%
Moisture - 5.0%
There are many industrial uses of copper, due to its high ductility, malleability, thermal conductivity and resistance to corrosion. It ranks third after iron and aluminum in the amount of quantities consumed for industrial purposes. It is alloyed with nickel and used in form of cupronicklel and monel for shipbuilding. The Watt's steam engine firebox is made from copper due to its high heat dissipation. Copper in liquid form is used as a wood preservative. It helps in restoration of original structures that are damaged due to dry rot. It is the main component of coins for many countries. The European Union, United States, United Kingdom, Australia and New Zealand use coins containing copper.
The main uses of copper are in the construction industry. Copper is used for plumbing, roofing and cladding. Copper is a light and durable metal that helps build maintenance free structures. It has anti-microbial properties that help in providing hygienic surfaces in hospitals and other healthcare facilities.
Electrical Uses of Copper
About 65% of copper that is produced is used for electrical applications. The important uses of copper include, use in power generation and transmission of electricity. It is used in transformers, motors, bushbars, generators, etc., to provide electricity throughout the country, safely and efficiently. In case of electrical equipments, it is used in wiring and contacts for PC, TV, mobile phones and in the circuitry.
Everyday Uses of Copper
The everyday uses of copper include doorknobs and other fixtures in the house. Copper uses also include frying pans, knives, forks and spoons that contain some copper, if they are made from electroplated Nickel silver. It is also used in copper water heating cylinders, copper bath tubs, copper sinks and copper counters. Copper in form of metal and as a pigmented salt is used to make decorative art like statutes and sculptures. Copper is an essential nutrient to all higher plants and animal life. In animals and humans it is present in tissues, liver, muscles and bone. The main function of copper in the body is to act as a co-factor in various enzymes and copper based pigments.
Uses of Copper
The important uses of copper in the transportation industry include building of trams, lorries, cars, trains, etc. High purity copper wire harness system is used to carry the current from the battery throughout the vehicle. The current is carried to the lights, central locking, on-board computers, satellite navigation systems, etc. The electric supper trams made from copper and its alloys helps provide cities with clean and efficient transport system. It is also used in overhead contact wires that help pass the current throughout the train.