03 August 2018 ( Lagos ): Notore Chemicals Industries Plc was listed on the Nigerian Bourse yesterday, and added a whopping N 100.75 billion to the market cap of the exchange.

The firm listed 1.61 billion ordinary shares, with a value of N 62.50 per share. 

This industrial goods stock listing is the first stock listing of the year, with a free float of 16% on the mainboard of NSE under agro-allied and chemicals sector.

Notore, which was established in 2005, was formerly known as O-Secul Fertilizer company Limited, and it was essentially established to acquire the core assets of the National Fertilizer Company of Nigeria ( NAFCON ).

The fundamental business of this firm is the production and sale of fertilizers. Obviously they trade locally as well, but in terms of exports, they mainly export to West and Southern Africa and Europe.  

Reporting for EasyKobo on Friday ,03 August 2018 in Lagos, Nigeria