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Shippers blames Agro exports rejection on poor packaging

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The Executive Secretary of the Nigerian Shippers’ Council (NSC) , Mr Pius Ukeyima, has blamed the massive rejection of agricultural products from Nigeria in the global market on poor packaging.

Some of the country’s annual agricultural exports are cocoa beans, cashew nuts, oilseed, grain, soya beans and fruits to countries in Europe, America and Asia.

He said this during a one day stakeholders enlightenment workshop on proper packaging system in Makurdi that the rejection of the products was sequel to lack of proper packaging by exporters.

He said that until the exporters have a change of heart and imbibe proper packaging system in compliance with international standards, success would not be achieved.

Between January 2023 and June 2024, Nigerian ports have processed 226,456 containers (Twenty Equivalent Units) of export cargoes valued at N23. 43 trillion. No fewer than 6,717 containers of agricultural produce valued at N433 billion ($288.8 million) have been processed for export between January and June 2024.

It was revealed total containers processed in first quarter of the year surged by 44 per cent to reach 5,891(20ft and 40ft) containers as against 3,784 (20ft and 40ft) containers processed in first quarter of 2023.

In the period, the country recorded 31 per cent growth in exports, when compared with the 156, 790 containers recorded in 2022 in the ports.

Statistics obtained from Nigerian Ports Authority (NPA) indicated that in the last five years, the country exported 1.72 million TEUs of goods between January 2018 and December 2023.

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Naira Exchange Rates Thursday, 22 July

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900

EURO (EUR) Buy ₦1,580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,369.63

GREAT BRITISH POUND (GBP) ₦1,833.12

EURO (EUR) ₦1,563.03

SWISS FRANC (CHF) ₦1,685.08

JAPANESE YEN (JPN) ₦8.40

CHINESE YUAN (CNY) ₦202.21

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90

SAUDI RIYAL (SAR) ₦366.36

SOUTH AFRICAN RAND (ZAR) ₦83.40

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President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

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President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.

He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.

According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.

He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.

“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.

“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.

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Naira Exchange Rates Wednesday, July 22 

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BLACK MARKET RATES  

US DOLLAR (USD) Buy ₦1,408 Sell  ₦1,413 

GREAT BRITISH POUND (GBP) Buy ₦1,885 Sell: ₦1,905 

EURO (EUR) Buy ₦1,585Sell ₦1,600 

CANADIAN DOLLAR  (CAD) Buy ₦1,020 Sell ₦1,080 

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 

UAE DIRHAM  Buy ₦350 Sell ₦370 

 CHINESE YUAN  Buy ₦190 Sell ₦205 

GHANA CEDI (GHS) Buy ₦95 Sell ₦110 

WEST AFRICAN  CFA Buy ₦2, 300 Sell ₦2, 400 

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 

AUSTRALIAN DOLLAR  Buy ₦800 Sell ₦900 

Official CBN Exchange Rates 

US DOLLAR (USD) ₦1,375. 31 

GREAT BRITISH POUND (GBP) ₦1,841. 13 

EURO (EUR) ₦1,569.78. 

SWISS FRANC (CHF) ₦1,694.98 

JAPANESE YEN (JPN) ₦8.45 

CHINESE YUAN (CNY) ₦203. 25 

WEST AFRICAN CFA (XOF) ₦2.40 

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32 

SAUDI RIYAL (SAR) ₦366.36 SOUTH AFRICAN RAND (ZAR) ₦83.50

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