“Notore Chemical Industries Plc Reports N21.55b Revenue in 2023

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Notore Chemical Industries Plc has reported a revenue of N21.55 billion for the year ending December 31, 2023, marking significant progress amid challenging economic conditions. The company is on track with its plan to raise additional equity capital of N105 billion to strengthen its operations in the fertiliser and agro-allied sectors.

Mr. Ohis Ohiwerei, the Group Managing Director of Notore, highlighted the company’s achievements, noting approvals received from the board of directors and shareholders for the equity raise transaction. Upon completion, the injection of over N105 billion into Notore will enhance operational capabilities and support future growth initiatives.

Despite economic complexities such as forex volatility and rising costs, Notore demonstrated resilience in navigating the challenging operating environment throughout 2023.

In addition, Notore announced the appointment of Mr. Femi Agbaje as the chairman of the board of directors. With over four decades of experience, including previous roles as a non-executive director and chief financial officer of Notore, Agbaje’s expertise in finance and banking will contribute to the company’s strategic objectives.


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Gbenga Samson
Gbenga Samsonhttp://ThisDayLive.com
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

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