To Boost Export, Firm Integrates CBN’s NXP Into Electronic Call-ups

Trucks Transit Parks Ltd (TTP) has  announced the integration of the Central Bank of Nigeria’s (CBN) Nigeria Export Proceeds (NXP) system with its innovative Ètò electronic call-up platform.

This strategic integration, which became effective on January 3, 2025, represents a significant collaboration between TTP, the Nigerian Ports Authority (NPA), the Central Bank of Nigeria (CBN) and other key stakeholders, aimed at modernizing & streamlining Nigeria’s export operations.

The process will also enhance transparency, efficiency, and overall operational excellence at the nation’s ports.

Under the new regulation, exporters are now mandated to secure an approved NXP application number before booking export consignments.

This requirement, endorsed by the NPA and aligned with government directives, ensures that only consignments with verified, final-stage approval proceed to export processing.

RELATED

NNPCL Retail Sanctions Staff Over Attempt To Cheat Customer In Lagos

7 hours ago

Geofort Africa Empowers Youths With Free Real Estate Training

7 hours ago

This new procedure for export bookings promises to enhance process efficiency by minimising processing delays at Export Processing Terminals, ensuring that export containers are only released to the port upon confirmation of their status at the final approval stage.

It will also reduce road congestion as export vehicles would now complete their reloading processes before proceeding to the port.

In addition, it will bolster the Nigerian economy as a streamlined export process will enhance international competitiveness, attract more business, and generate higher revenue for the nation.

TTP’s robust technical capabilities have been instrumental in ensuring the flawless integration of the NXP system with the ÈTÒ platform. By enabling real-time verification of NXP application numbers via the NPA-CBN-NXP portal, TTP’s solution ensures that only export consignments meeting the stringent regulatory requirements proceed to the port, significantly enhancing process integrity and security.

The managing director and co-founder of TTP, Jama Onwubuariri, said the integration will set a new benchmark for operational excellence in Nigeria’s export sector.

“Our team’s relentless pursuit of technological excellence has culminated in a solution that not only streamlines the export process but also reinforces the collective efforts of industry regulators and stakeholders, notably the NPA.

We are honoured to collaborate closely with the NPA, the CBN and other partners in ensuring that this integration sets a new benchmark for operational excellence in Nigeria’s export sector. This achievement is a testament to what can be accomplished when cutting-edge technology meets proactive regulatory oversight.”