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OCP Group Surges To $5.7 Billion H1 Revenue On Soaring Fertilizer Demand

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According to Nivo News, Morocco’s OCP Group, a leading global player in phosphate rock and plant nutrition solutions, has posted consolidated revenue of 52.16 billion dirhams ($5.7 billion) for the first half of 2025. This marks a 21 percent rise compared to the 43.24 billion dirhams ($4.7 billion) recorded in the corresponding period of the previous year.....KINDLY READ THE FULL STORY HERE▶

The impressive performance was largely attributed to rising global demand for fertilizers, particularly in India, alongside increased exports to European markets. The report also highlighted that higher international fertilizer prices significantly boosted revenues, driven by increased sulfur costs and demand levels that exceeded global supply. Fertilizer prices rose from $520 per ton in the first half of 2024 to $589 per ton in the same period of 2025.

Regional analysis showed South America as OCP’s top market, accounting for 26 percent of sales, followed by Europe with 21 percent, India with 19 percent, and Africa with 18 percent. Additional sales were made in Asia, Oceania, and North America.

The Group expressed optimism for the remainder of the fiscal year as it expands its fertilizer production capacity. In March 2025, OCP commissioned a new phosphoric acid treatment unit capable of producing 1,500 tons of phosphorous pentoxide daily. By July, its subsidiary, Nutricrops, had launched a triple superphosphate production line at the Jorf Lasfar industrial platform, with an annual capacity of 500,000 tons. These investments are expected to further drive revenue growth in the second half of the year.

For context, OCP had reported total revenue of 96.9 billion dirhams ($9.8 billion) for the full year 2024.


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No Taxes, No Infrastructure: Tinubu’s Blunt Reality Check Shakes The Nation.

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President Bola Tinubu has urged citizens and businesses to increase tax compliance, emphasizing that the delivery of essential infrastructure—such as roads, schools, and hospitals—is dependent on collective contributions to national revenue. Represented by Vice President Kashim Shettima at the commissioning of the Arterial Road N5 in the Federal Capital Territory, the President highlighted that infrastructure development is a key pillar of his “Renewed Hope Agenda”. He noted that improved compliance is necessary to fund public projects while reducing reliance on borrowing, and he committed to ensuring transparency and accountability in the use of public funds.....KINDLY READ THE FULL STORY HERE▶

Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC), has criticized the government’s claims regarding economic progress. Key points from his reaction include:

  • Revenue vs. Welfare: Obi noted that while government revenue grew from ₦16.8 trillion in 2022 to ₦35 trillion in 2025, this increase has not resulted in improved living conditions for Nigerians.

  • Rising Debt: Despite the significant revenue growth, the nation’s total debt has increased by over ₦100 trillion within the same three-year period, reaching approximately ₦200 trillion.

  • Economic Decline: Obi pointed to a drop in GDP per capita from $1,597 in 2023 to $1,223 in 2025, arguing that higher revenue is meaningless if it does not address poverty and improve citizens’ purchasing power.

Business and Inflation Outlook

According to the Central Bank of Nigeria (CBN), business confidence improved in May 2026, even as inflationary pressures remain a concern for households and businesses.

  • Business Confidence: The Business Confidence Index rose to 7.9 points in May, with optimism driven by easing policy concerns and progress in economic diversification.

  • Sector Performance: Confidence increased across major sectors, including industry, agriculture, and services, with mining and quarrying reporting the highest confidence regarding operations.

  • Inflationary Pressures: The Inflation Perception Index reached 44.8 points in May, with 70.5% of survey respondents describing inflation as high. Both households and businesses reported that rising prices continue to negatively impact operating costs and purchasing power.

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Political Earthquake: Pantami Dumps APC In Shocking Move Amid Mounting Controversy.

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The reported resignation of former Minister of Communications and Digital Economy, Isa Pantami, from the All Progressives Congress (APC) in Gombe State has sparked significant controversy. While Pantami’s associates maintain he resigned prior to joining the Peoples Democratic Party (PDP)—where he has since become the governorship candidate—certain APC executive members in Pantami Ward dispute this claim.....KINDLY READ THE FULL STORY HERE▶

Perspectives from Ward Leadership

The APC Chairman in Pantami Ward, Alhaji Bala Galda, asserts that he personally received Pantami’s resignation letter on May 19, which he signed and thumbprinted alongside the ward’s legal adviser, Malam Babangida Gololo. According to Galda:

  • He rejected pressure from local government party leadership to deny knowledge of the resignation.

  • He maintained that he was under no legal mandate to inform higher party echelons about a member’s voluntary resignation.

  • The ward’s legal adviser, Malam Babangida Gololo, noted that there is no constitutional requirement for an ordinary party member to submit a formal letter of resignation, as joining another party is typically considered evidence of an exit.

APC State Leadership Position

Conversely, the Gombe State APC Publicity Secretary, Moses Kyari, has challenged the validity of the resignation. The party’s stance includes the following points:

  • The party leadership requested the original acknowledged copy of the resignation letter from the ward chairman, but Kyari claims Galda has remained incommunicado and failed to produce it.

  • The party contends that the ward secretary, rather than the chairman, is the appropriate official to receive such correspondence.

  • The APC maintains that Pantami remains on its membership list as filed with the Independent National Electoral Commission (INEC) portal and insists that he must follow proper resignation procedures.

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House Of Representatives In Turmoil: The War Over Principal Offices And The Plot To Exclude Newcomers.

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The House of Representatives has officially resolved to restrict principal office positions—including minority leadership roles—to lawmakers with previous legislative experience. On Wednesday, the House unanimously passed a motion sponsored by Babajimi Benson to clarify “Order Seven, Rule 15″ of the Standing Orders, which stipulates that only members with “cognate legislative experience” are eligible for such appointments.....KINDLY READ THE FULL STORY HERE▶

  • Defining Experience: The House defined “cognate legislative experience” as having completed at least one full four-year term, mirroring a recent definition adopted by the 10th Senate.

  • Global Best Practices: The resolution emphasizes that reserving leadership roles for experienced legislators promotes institutional memory, stability, and deeper understanding of legislative and constitutional processes.

  • Exclusion of First-Timers: This decision effectively bars first-term lawmakers, such as Ikenga Ugochinyere, from holding these principal offices.

Reaction from Philip Agbese

Philip Agbese, the Deputy Spokesperson of the House, welcomed the decision, stating that it has “vindicated” his long-standing position on the matter.

  • Emphasis on Rules: Agbese asserted that the Standing Orders are unambiguous and that one cannot attain a leadership position through shortcuts or unauthorized endorsements.

  • Institutional Integrity: He argued that being a “greenhorn” does not qualify a member to lead a caucus and expressed that the resolution is a positive development for the “institutional memory” of the Parliament.

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