Market News

One of the world’s largest producers of phosphate based fertilizer, Morocco’s OCP Group, has announced that it expects the ammonia plant in Nigeria and the fertilizer plant in Ghana to be operational by 2024.

This forms part of the expansion strategy of the group into the Sub-Saharan Africa in recent years, thereby boosting its investments.

According to the company’s Chief Growth Officer, Soufiyane El Kassi, the two ...

The Nigeria Sovereign Investment Authority is set to invest another    N114 billion into the Presidential Fertilizer Initiative (PFI).

This will increase total investment in the PFI to N221 billion since 2017 when the initiative was established.

The PFI was established following the visit of the King of Morocco to Nigeria in December 2016 and the subsequent signing of a 3-year bilateral agreement with Morocco for the supply of Di-ammonium Phosphate ...

Three men, including Alaoma Onwuyiriuba, Amagu Moses and Nworie Victor, have been arrested for alleged adulteration of NPK Golden fertilizer in Abakaliki, Ebonyi State by officers of Nigeria Security and Civil Defence Corps (NSCDC).

The Commandant, Lucy Samu, who paraded the suspects, said while acting on a tip-off, arrested the suspects in the very act of mixing illegal substances with the agrochemical at a makeshift factory at Hossana Park within ...

Bauchi State Governor, Bala Mohammed, has said not less than N653m has been approved for the State Agriculture Supply Company to supply fertiliser and other farming season input for the year 2020.

Mohammed, while launching the distribution of the OCP Africa COVID-19 palliative support project and sale of subsidised fertiliser, yesterday, warned the Agency to judiciously utilise the fund, saying he would not accept any act of corruption or leakage ...

Borno State has procured 60,000 bags of fertilizers worth over N270 million for farmers to boost food production in the state.

The Commissioner of Local Government and Emirate Affairs, Alhaji Sugum Mai Mele, briefing newsmen on Saturday in Maiduguri about activities in the local government areas, said the fertilizers will be sold to farmers at 50 percent subsidized rate.

‘A bag of fertilizer is sold in the open market ...