Posts for tag "nigeria"

29 Jul 2021

President Buhari directs EFCC to go after those hiking fertilizer prices

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President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, EFCC, to go after those sabotaging the Presidential Fertilizer Initiative by selling the NPK products above the government recommended prices. 

This is as the National Sovereign Investment Authority, NSIA, has said that it plans to raise and invest over 200 million dollars in Nigeria’s health sector.

Managing Director/Chief Executive Officer of the Authority, Uche Orji, disclosed this ...

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10 Mar 2021

FEPSAN signs another agreement with OCP Morocco for agronomic assistance, enhanced yield

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In line with the commitment of the President Muhammadu Buhari administration to make Nigeria self-sufficient in food production, the Fertilizer Producers Association of Nigeria (FEPSAN) has signed a second phase of agreement with Morocco’s state-owned phosphate and fertilizer group, OCP, to sustain the enhanced gains in agricultural productivity that started in 2016.

The current agreement, which takes the earlier one signed in December 2016 a step higher, will deepen ...

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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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