Shares of Notore Chemicals Industries listed on NSE
Notore Chemicals Industries Plc successfully listed 1.612b shares by way introduction on the Main Board of the Nigerian Stock Exchange at a listing price of N62.50 per unit making a market capitalization of N100.75b.
In 2015, the Federal Government launched the Anchor Borrowers’ Programme (ABP). The ₦55 billion programme is an intervention scheme by the federal government through the Central Bank of Nigeria (CBN) to boost agricultural production and non-oil exports in the face of unpredictable crude oil prices and its resultant effect on the revenue profile of the nation. Notore remains the primary supplier of fertilizer for the ongoing Anchor Borrowers’ Program (ABP) and continues to contribute significantly to the Agricultural Transformation Agenda of the Federal Government.
Today’s listing is a promising development in the country’s agro-allied and petrochemical sector and we encourage more local players to explore the different opportunities in the capital markets for raising long term capital. We believe that increased participation of indigenous companies in the capital markets will increase investors’ confidence (both local and international) and entrench good corporate governance, transparency and sustainability in the sector.
Notore commenced commercial production and distribution of fertilizer across the country in 2010 after the rehabilitation of plants and assets acquired from the moribund National Fertilizer Company of Nigeria (NAFCON) through the federal government’s privatization programme in 2005. Notore is one of the leading fertilizer, agro-allied, and power companies in Africa and is evidently committed to aiding Nigeria and the African continent to become self-reliant in food production and economic wealth.
Notore Chemicals Industries Plc has gone through a rigorous process to meet the listing standards of the NSE. With this listing, the company is showing its commitment to living a culture of strong corporate governance, excellent corporate citizenship and efficient services to its clients. As a listed company, we also believe that Notore Chemicals Industries Plc intends to provide increased returns to its shareholders.

Career    |    Downloads    |    News    |    FAQ    |   Online Support   |    Feedback    |    Legal    |    Policy    |    Contacts Us