Market News

Dangote Group’s fertilizer plant, under construction in Lagos, will be ready to start production in February next year, so says Saipem SpA, the builders of the factory.

This is coming on the heels of the latest inflation figure from the National Bureau of Statistics (NBS), showing that inflation rose to 12.56 per cent (year-on-year) in June compared to 12.40 per cent in May.

Owned by Aliko Dangote ...

As part of the COVID-19 palliative, about 50,000 farmers across 11 states will get two bags of fertilizer each at a subsidized rate of N4,500 against the current price of N8,000. 

The Federal Government in partnership with OCP Africa Fertilizer Limited unveiled the distribution of the subsidized NPK fertilizers for selected vulnerable farmers in Abia, Jigawa, Kaduna, Kano, Kebbi, Nasarawa, Niger, Ogun, Sokoto, Bauchi, and Kwara states ...

Introduction

According to the UN’s  2019 State of Food Security and Nutrition in the World, hunger is on the rise in almost all African sub-regions, making the continent the region with the highest prevalence of undernourishment, at nearly 20%. The continent is still not able to feed itself, and there is an urgent need to improve agricultural productivity. Although fertilizer is one of the most needed inputs in agriculture ...

The West African Fertilizer Association (WAFA) has entered into a partnership with Arab Fertilizer Association (AFA) targeted at increasing the supply of high-quality affordable fertilizer in the region.

The new agreement would enable both regional associations work together to leverage West Africa fertilizer demand gap from about 3.5 million tonnage (tons) to its 12 million tons market potential.

Speaking on the partnership after the signing of memorandum of understanding ...

The Sokoto State Governor, Aminu Waziri Tambuwal, has commended fertilizer firm, OCP Africa’s plan to support small scale farmers by selling fertilizer to them at subsidized rates so as to cushion the effect of the Covid-19 pandemic and ensure food security in the country.

Speaking at the flag-off of OCP Africa fertilizer post Covid-19 intervention package to farmers in Sokoto Thursday, Tambuwal said: “The palliatives will go a long ...