Posts for tag "nigeria"

23 Nov 2020

Notore Records N9.3bn Operating Profit

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Notore Chemical Industries Plc has recorded N9.3 billion operating profit for the fourth quarter of the twelve-month period ended 30th September 2020, which was a 172 percent increase from the previous year.

In a statement signed by the Group Managing Director/Chief Executive Officer (CEO), Mr. Onajite Okoloko, the company said the increase was mainly attributable to surpluses from the professional revaluation of its assets. It recorded revenues of ...

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13 Nov 2020

Nigeria: Dangote to Begin Fertilizer Sales This Month

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The management of Dangote Refinery and Petrochemicals has disclosed that it will begin the sales of its fertilizer plant's product this month.

In a statement, the Group Executive Director, Strategy and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, assured that Dangote Fertilizer plant's products will hit the market this month.

He said Dangote Fertilizer would make Nigeria become self-sufficient in fertilizer production and have the capacity to ...

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09 Nov 2020

Tambuwal Lays Foundation for OCP Africa’s $13m Fertilizer Plant

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Sokoto State Governor, Aminu Tambuwal has reiterated that the state is ready to support investments capable of developing the economic well-being of the people and lift them from poverty.

Tambuwal, said this at the groundbreaking ceremony of OCP Africa’s $13 million Sokoto Agricultural Centre of Excellence comprising a fertilizer blending plant with a production capacity of 200,000 MT per annum and training facilities for farmers, fertilizer blenders and ...

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06 Nov 2020

Nigerian government considers phasing out fertilizer production

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The Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, has announced that the federal government of Nigeria should abandon fertilizer production so that the private sector takes full ownership of this issue, the Daily Trust said .

“ My position as Minister of Agriculture is now that the government should withdraw from the fertilizer space. Our role should be to control quality, price, delivery and availability. This should be the ...

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31 Jul 2020

Notore grows earnings by 6% to N17.4bn in 9 months

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Notore Chemical Industries Plc, has recorded a six percent growth in revenue to   ¦ 17.4 billion, as well as operating income of ¦ 3.8 billion for the nine months ended June 30, 2020. The company disclosed this in its unaudited Q3 2020 financial results.

In a statement, it said, “There has been good progress with the on-going Turn Around Maintenance (TAM) program on the existing plant. Significant increases in production ...

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