• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

AfDB projects boom in Fertilizer market, as producers expand plants

Fikayo Owoeye by Fikayo Owoeye
September 26, 2018
in Business News, Company News
AfDB
Share on FacebookShare on TwitterShare on Linkedin

Shareholders and Manufacturers of fertilizer on the continent could be in for a good times. According to reports from African Development Bank (AfDB) Africa’s annual fertilizer consumption is expected to reach 13.6 million metric tonnes (mmt) of nutrient by 2030 from its current 7.6 mmt.

The bank noted that fertilizer consumption across the continent has marginally increased since 2010 from 25 to 27 kg per hectare of arable land, and from 12.4 to 14.9 kg per hectare for low-income African countries.

“Consumption in West Africa is forecast to more than double, rising to 4.6 mmt by 2030 from 1.9 mmt now.

“East and West Africa regions are the fastest growing fertilizer consumption hotspots in the world at the moment as farmers look to boost crop yields”.

What this means for Nigeria Fertilizer plants

This may be a good news for investors and producers of fertilizer in the country. Currently, Africa’s richest man, Aliko Dangote, is developing a 1.5 million tonne fertilizer plant in Lagos, which he expects to be commissioned by the end of the year.

RelatedStories

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025

Also, the Singapore-owned Indorama Eleme Petrochemicals Limited is seeking to double its Nigerian plant annual output of urea fertilizer to 2.8 million tonnes and plans to list in Lagos next year.

Notore Chemical Industries Limited recently listed its N1.61 billion ordinary shares of N0.50 each at N62.50 per share on the Nigerian Stock Exchange (NSE). The plant currently has a production capacity of 15,000 metric tonnes per day of Urea, 1,000 metric tonnes per day of Ammonia, and 2,000 metric tonnes per day of NPK fertilizer.

Notore is expected to complete a scheduled Turn Around Maintenance (TAM) of its plant by September 2019. Upon completion, it will enable the firm to increase its capacity from its current production level of 1,000 metric tonnes per day to 1,500 metric tonnes per day.


Follow us for Breaking News and Market Intelligence.
Tags: Africa Development Bank AfDBIndorama Eleme Petrochemicals LimitedNigerian Stock Exchange
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 
Equities

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 
Company Results

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 
Billionaire Watch

Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares 

February 10, 2025
Atiku Abubakar
Energy

Atiku demands listing of NNPC on stock market amid alleged privatization of Warri, Kaduna refineries 

September 2, 2024
Next Post
Buhari at 2018 UNGA

Highlights of President Muhammadu Buhari’s speech at the United Nations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • EU publishers file antitrust complaint against Google as AI overview threatens revenue 
  • BREAKING: Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 
  • Nigeria records 10.92% increase in electricity generation in Q1 2025  

Follow us on social media:

Recent News

Google rolls out Veo 2 AI video generator for Gemini Advanced subscribers globally  

EU publishers file antitrust complaint against Google as AI overview threatens revenue 

July 4, 2025
CBN, forex

BREAKING: Court upholds CBN-backed NIBSS Authority to manage BVN Database nationwide 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics