Search Results for: Nigeria

Oyo State, Nigeria : a look at the 10-day running average temperatures (°C)

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Oyo State in Nigeria has had a terrible season so far. In addition to the poor rainfall in recent months, the temperature has been worryingly high for the season and the consequences could be worse than the infamous 2015/16 season. Since November, the average temperature has, with the exception of a short period from mid-January to early February, been consistently […]

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calibar port

NIGERIA LAGOS PORT CONGESTION PUSHES EXPORTERS TO CALABAR

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Cocoa exporters are increasingly moving their beans through Nigeria’s Calabar port, as prolonged congestion at the Lagos seaports continues. The port, in the east of the country, is normally associated with ferrying passengers short distances by boat to nearby areas, including neighbouring Cameroon. The Vanguard Maritime Report has recently observed that the passengers on some

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chocolate broken heart

NIGERIA WORRIED EU WILL REJECT COCOA IN 2022

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Nigeria is worrying about the risk of having their cocoa rejected by the European Union in 2022, due to quality concerns. During a press conference in Abuja last week, Adeola Adegoke, President of the Cocoa Farmers Association of Nigeria (CFAN), revealed that there were concerns among farmers that the European Union would refuse their cocoa

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NEXIM Mr Abba Bello

NIGERIA LOSING $190BN SELLING RAW COCOA SAYS NEXIM CHIEF

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Nigeria’s Export Import Bank, (NEXIM) Managing Director, Mr. Abba Bello, has claimed that raw cocoa exports are responsible for Nigeria losing up to $190billion per annum. In a headline-grabbing statement, Bello said that he believed Nigeria’s revenues from cocoa exports should be a whopping $200bn but the country is short-changing itself by exporting the raw

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NIGERIA SWEET SUCCESS AS U.S. COCOA EXPORTS RISE 352%

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Nigeria’s exports of cocoa beans, whole or broken, raw or roasted, alone increased from $2.058 million in 2018 to $9.307 million in 2020, according to the International Trade Centre (ITC) trade map. Most stakeholders cite the country’s cocoa annual output at around 250,000 tonnes. Still, Cocoa Association of Nigeria (CAN) President Mufutau Abolarinwa says the

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nigeria cocoa pod

COCOA ASSOCIATION OF NIGERIA IN PUSH FOR HYBRID COCOA

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In 2011 scientists estimated the production of cocoa in Nigeria would reach 1 million tons by 2022. The country will fall far short of that number this year, with production hovering around 280,000 to 300,000 tons. When the scientists calculated the projections, they had just launched 8 new varieties of cocoa pods that had a

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nigerian cocoa

NIGERIA’S STAGNANT COCOA MARKET FEARS CHALLENGE FROM CHINA

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Despite being the fourth largest cocoa exporter in the world, Nigeria’s production has been stagnant for years. In part, the lucrative discovery of oil is to blame, as cocoa’s contribution to GDP declined severely, accounting for a mere 0.3% of agriculture GDP in 2010. As China successfully exported their first cocoa beans to Europe 8

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