Local commercial contracts are agreements between buyers and suppliers operating within Nigeria.

These transactions involve goods or services required by businesses, institutions and other commercial buyers within the domestic market.

For example, a food-processing company may require agricultural raw materials for production.

A manufacturer may need industrial inputs, while a distributor may require a large quantity of products to supply its customers.

In each situation, the buyer has a commercial requirement and an agreed value for fulfilling it.

The opportunity exists when those requirements can be met at a commercially viable cost.

KwikPort identifies and assesses eligible domestic contracts, making approved opportunities accessible to participating traders through Trade Tickets.

International commercial contracts involve buyers located outside Nigeria who require goods that can be sourced and supplied from the country.

These transactions may involve agricultural commodities, processed products, industrial materials or other eligible goods demanded by international markets.

For example, an overseas buyer may enter into an agreement to purchase a specified quantity of sesame seeds, cashew nuts or another commodity from Nigeria.

The agreement establishes the buyer's requirements, which may include product specifications, quantity, pricing, delivery conditions and settlement terms.

Fulfilling an international contract may require additional activities such as export documentation, quality certification, freight forwarding and other cross-border arrangements.

KwikPort assesses eligible international opportunities before making them available for participation.

Both local and international contracts operate on the same fundamental commercial principle.

A buyer requires goods or services at an agreed price. The transaction must be fulfilled at a cost that allows for a commercially viable margin.

However, the requirements involved in completing the transaction can differ.

These differences affect the services, costs, execution timelines and settlement arrangements associated with each opportunity.

Every proposed opportunity must satisfy the applicable commercial assessment requirements before becoming available on KwikPort.

For local contracts, this includes assessing the domestic buyer, reviewing the commercial agreement, evaluating procurement requirements and determining whether the transaction can be fulfilled under workable conditions.

For international contracts, the assessment also considers the cross-border obligations relevant to the transaction.

These may include the overseas buyer's commercial standing, agreed delivery terms, product specifications, export requirements and applicable settlement arrangements.

In both cases, KwikPort evaluates commodity costs, required execution services, contract timelines and the commercial margin available after relevant expenses.

Not every proposed contract qualifies for participation.

Only opportunities that satisfy the platform's applicable verification and execution requirements are approved for listing.

Every commercial opportunity follows the activities required to fulfil its underlying agreement.

Once you select an allocation and activate your Trade Ticket, the transaction enters its applicable execution process.

You engage approved independent service providers to perform the specialised activities required by the contract.

For a local transaction, these activities may include sourcing, procurement, quality inspection, preparation and domestic delivery.

An international transaction may additionally require packaging, export documentation, inland transportation, port handling, freight forwarding or other services specified by the buyer's agreement.

The exact sequence depends on the contract.

Your Personal Trade Officer monitors progress, communicates relevant updates and helps coordinate issues that arise during execution.

KwikPort supervises the broader process, while appointed independent service providers remain responsible for performing their agreed services.

Trading earnings in both markets arise from the commercial margin generated by fulfilling a buyer's contract.

The buyer's agreed purchase value is compared with the cost of sourcing or fulfilling the required goods or services.

The difference creates the gross commercial margin.

Applicable independent service-provider charges and any other applicable charges shown before you activate are then considered when determining the net earnings associated with the transaction.

Local and international contracts may have different cost structures.

For example, an international contract may require export-related services that are not necessary for a domestic transaction.

The currency of the buyer agreement may also differ.

An international contract denominated in foreign currency does not automatically produce higher earnings than a local contract.

What matters is the actual commercial margin, execution costs, contract conditions and commodity cost required.

Settlement arrangements depend on the terms of the underlying commercial agreement.

For domestic contracts, the buyer's payment obligations are governed by the applicable local commercial terms.

All transactions on KwikPort are carried out in Naira. Where an international contract is priced in US dollars, the exchange rate is stated and locked in the agreement.

These arrangements are considered during the assessment of the opportunity.

Your Trade Wallet displays the gross contracted buyer value associated with your active Trade Ticket.

This displayed value represents the contractual revenue connected to your allocation. It is not immediately withdrawable cash or confirmation that the buyer has already paid.

Once the applicable completion and settlement requirements have been satisfied, available settlement funds are credited to your Naira Wallet.

Eligible funds in your Naira Wallet can then be withdrawn to a Nigerian bank account.

Where a qualifying transaction is affected by a covered disruption, KwikPort's applicable trade-protection commitments may support settlement in accordance with the relevant terms.

Yes.

KwikPort is designed to provide access to eligible commercial opportunities from both markets through the same platform.

You do not need to restrict your participation to domestic transactions or international contracts.

You can explore the available opportunities and compare their commercial requirements before deciding where to participate.

Each contract has its own minimum allocation, commodity cost, execution costs, trading margin and timeline.

Your decision can be based on the opportunities that match your commercial preferences and available resources.

You may also participate in more than one eligible opportunity, subject to the requirements of each contract and the platform's applicable conditions.

You do not need to independently possess every operational capability required to fulfil an eligible international contract.

KwikPort connects participating traders with approved independent service providers who offer the specialised services required by the transaction.

These may include procurement, quality inspection, export documentation, logistics and freight forwarding.

Your Personal Trade Officer supports you throughout the execution process, while KwikPort coordinates and supervises the relevant activities.

However, access to independent expertise does not remove your responsibilities as a participating trader.

You must understand the commercial requirements of your allocation, complete the applicable payments and fulfil the obligations attached to your Trade Ticket.

No.

KwikPort does not list every commercial contract that exists within Nigeria or internationally.

Opportunities must first meet the platform's applicable verification, commercial viability and execution requirements.

Availability also depends on the contracts currently approved for participation and the allocations remaining under each opportunity.

Some industries or products may have more available contracts than others at a given time.

The KwikPort app displays eligible opportunities currently available to participating traders.