Your Africa Trade Partner

With the start of AfCFTA (African Continental Free Trade Area), UBA is positioned to support global trade.

Facilitating Global Trade

International Trade is an ever-evolving business and we understand the complexities of the global market. Our products and services have been designed to ease your banking needs at any of our locations in 20 African countries, the UK, France, and the USA.

Trade with ease

Form M

Form M is mandatory document to be completed by importers for the importation of goods. Importers are required to complete the form on the Federal Government Single Window for Trade, www.trade.gov.ng

The validity period of a Form M document is 360 days (for general merchandise) and 720 days (for plant and machinery); extensions of 180 days (for general merchandise) and 360 days (for plant and machinery) can be granted by the bank. Further extensions are approved by the Central Bank of Nigeria (CBN).

Requirements:

Letter of Credit

A letter of credit (LC) is an agreement that is irrevocable and thereby constitutes a definite undertaking of an issuing bank to honour payments requested by customers to exporters.
Requirements:

Bill for Collection

Bills for Collection is the handling of documents (financial and/or commercial) by banks in line with the instructions received from exporters to:

  • – Obtain payment and/or acceptance, or
  • – Deliver documents against payment and/or acceptance
  • – Deliver documents on other terms and conditions
Requirements:

Form Q

A Form Q enables Small and Medium Enterprises (SMEs)to access $20,000.00 quarterly to pay for imports.
Requirements:

Form A

A Form A allows customers buy funds at the CBN or interbank rate to make payments for eligible services as predetermined by the Foreign exchange manual

Payments for services include the following:

Export

Customers willing to commence the exportation of goods are required to register with the Nigerian Export Promotion Council.

To export good out of Nigeria, an NXP form is a mandatory document to be completed by all exporters.

Requirements:

For more information about Trade Services, Please visit a UBA branch near you, email us at trade.services@ubagroup.com or call our Trade help desk on 01-2807-300, 01-2807-228, 09062800579, 09062800580