1981: |
National Fertiliser Company of Nigeria (NAFCON) is incorporated as a joint venture between Federal Government of Nigeria (FGN) (70%) and Kellogg Brown and Root (KBR)(30%) |
1987: |
Plant commences the production of fertiliser and is subsequently officially commissioned with a design capacity of 1,500 MT/d of urea |
1996: |
NAFCON goes into decline |
1999: |
NAFCON is shut down following key equipment failure |
2005: |
A group of investors acquire the assets of an abandoned Government 500,000 MT Urea Plant for $152M USD in an asset purchase transaction as part of Bureau of Public Enterprises (BPE) privatization of hitherto public enterprises |
2006: |
Notore signed Gas Supply Contract for 20 years with Nigerian Gas Company (NGC) |
2007: |
Notore raises a record $222M USD facility from a syndicate of Nigerian Banks |
2008: |
Dredging of the private jetty is completed and the first Ship arrives at the Notore Jetty |
2009: |
Production of ammonia commences in January Production of urea commences in July Notore and Taraba sign MOU for the establishment of a Rice Mill. Notore and Cross River sign MOU for the establishment of a Rice Mill |