Business
Shippers blames Agro exports rejection on poor packaging
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.
Business
Enugu Air Begins London Gatwick flights From December 10, 2026
The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.
Enugu Air will begin direct flights to London Gatwick on December 10, 2026, with four services weekly.
Tickets are already available for booking.
The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.
The service is being delivered through a strategic partnership with Omni-Blu Aviation (OBA).
The airline said the service will improve international travel connectivity for passengers departing from Lagos, Enugu and other parts of Nigeria.
Passengers from Enugu will be able to begin their international journey to London from their home airport, Akanu Ibiam International Airport.
The four weekly flights are expected to give travellers greater flexibility between Nigeria and the United Kingdom.
Enugu Air Chief Executive Officer Captain Tolu Ita said: “The commencement of our London Gatwick service reflects our commitment to expanding international connectivity and the vision of His Excellency, Governor Peter Mbah, to connect Enugu to more opportunities across the world.”
He added: “Of particular importance is ensuring that passengers from Enugu can begin their international journey to London from their home airport, Akanu Ibiam International Airport. We are proud to make the journey from Enugu to London Gatwick a reality for our passengers.”
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Business
NNPCL wants to sell 10% equity via IPO on NGX, LSE
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.
The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.
The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.
The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.
Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.
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