09 Mar 2021
Onajite Okoloko

Onajite Okoloko retires as Notore CEO after 16 years

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Onajite Okoloko, the chief executive officer of Notore Chemical Industries Plc, has retired after 16 years of running the affairs of the company.

In a notice filed at the Nigerian Stock Exchange, Ohis Ohiwerei took over from Okoloko as the CEO of the company, effective from February 1, 2021.

Notore is Africa’s first indigenous urea fertilizer producer in Sub-Saharan Africa including South Africa.

Okoloko will remain on the board ...

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05 Mar 2021

Agreement signed for development of US$1.4 billion fertilizer plant in Nigeria

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The Nigeria Sovereign Investment Authority (NSIA), OCP and key operators in the oil and gas value chain have executed five crucial agreements at the Mohamed VI Polytechnic University (UM6P) in Benguerir, Morocco.

The agreements are designed to create a clear path for the second phase of the Presidential Fertiliser Initiate as well as the creation and operationalisation of a Multipurpose Industrial Platform (MPI) in Nigeria.

The parties to the agreement ...

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03 Mar 2021

Dangote Fertiliser Plant to Commence Shipment of Urea in March 2021

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The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said Dangote Fertiliser Plant will commence shipment of Urea in March 2021.

The CBN governor disclosed this during an inspection tour of the sites of Dangote Refinery, Petrochemicals Complex Fertiliser Plant and Subsea Gas Pipeline at Ibeju Lekki, Lagos on Saturday.

Read the full article on Investors King

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15 Jan 2021

Notore shuts down 500,000mtpa fertiliser plant in Onne ahead of maintenance

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Notore Chemical Industries Plc has shut down its 500,000 metric tonnes per annum (MTPA) fertiliser plant in Onne, Rivers state ahead of its turnaround maintenance (TAM).

In a statement issued on Thursday and signed by Otivbo Saleh, the company secretary,  the TAM would restore the plant to its nameplate capacity, thereby improving productivity and profitability.

It added that the maintenance program, which was delayed by the coronavirus outbreak, is ...

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05 Jan 2021

Notore records N9.48bn profit in 2020

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Notore Chemical Industries Plc has recorded an operating profit of N9.48 billion as against the N3.418 billion made in the preceding year.

The company reported this in its audited financial statement for the year 2020 for the 12-month period ended September 30, 2020. The Group Managing Director/Chief Executive Officer (CEO) of Notore Chemical Industries, Mr. Onajite Okoloko, said the increase in the company’s operating profit is ...

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