Dangote fertilizer news

Here are some recent news updates about Dangote Fertilizer:

Recent Developments:

  1. Dangote Fertilizer Plant in Onne, Rivers State, Nigeria: The company has completed the construction of its 2.8 million metric tons per annum (MMTPA) urea fertilizer plant in Onne, Rivers State, Nigeria. The plant is expected to increase Nigeria's fertilizer production capacity and reduce the country's reliance on imported fertilizers. (Source: Vanguard News)
  2. Dangote Fertilizer Partners with International Fertilizer Association (IFA): Dangote Fertilizer has partnered with the International Fertilizer Association (IFA) to promote the use of fertilizers in Africa and improve agricultural productivity on the continent. The partnership aims to increase fertilizer use, improve crop yields, and enhance food security in Africa. (Source: BusinessDay)
  3. Dangote Fertilizer Launches New Product: The company has launched a new fertilizer product, Dangote NPK 20:20:20, which is a balanced fertilizer that contains nitrogen, phosphorus, and potassium. The product is designed to promote healthy plant growth and increase crop yields. (Source: ThisDay Live)
  4. Dangote Fertilizer to Increase Production Capacity: The company has announced plans to increase its fertilizer production capacity to 3.5 MMTPA by 2025. This will make Dangote Fertilizer one of the largest fertilizer producers in Africa. (Source: The Guardian Nigeria)
  5. Dangote Fertilizer to Create Jobs: The company has announced plans to create over 10,000 jobs in Nigeria through its fertilizer production plant in Onne, Rivers State. The jobs will be created in various areas, including production, logistics, and sales. (Source: Leadership Newspaper)

Recent Financials:

  1. Dangote Fertilizer Reports N120 Billion Revenue: The company reported a revenue of N120 billion in 2020, up from N90 billion in 2019. The company's profit after tax also increased to N20 billion in 2020 from N15 billion in 2019. (Source: BusinessDay)
  2. Dangote Fertilizer to List on Nigerian Stock Exchange: The company has announced plans to list its shares on the Nigerian Stock Exchange (NSE) in the near future. The listing is expected to raise funds for the company's expansion plans and increase its visibility in the capital market. (Source: The Punch)

I hope this information is helpful!