Nigeria’s palm oil industry recorded measurable progress in 2025 with national output rising to 1.57 million metric tons (MMT), representing a 12 percent increase from approximately...
Presco Plc, Nigeria’s leading fully integrated edible oil producer, has announced an exceptional nine-month financial performance for the period ended September 30, 2025, reporting a Profit...
Okomu Oil Palm Company Plc has announced strong financial results for the nine months ended September 30, 2025. According to the company’s unaudited interim financial statements,...
The Oil Palm Growers Association of Nigeria (OPGAN) has launched a comprehensive strategic plan aimed at bridging Nigeria’s 1.9 million metric tonnes palm oil supply gap...
Some agric-focused industries and firms have indicated interest in enhancing Nigeria’s agricultural productivity and competitiveness through the nation’s $10 billion palm oil export potential. At the...
Palm oil prices rebounded from a two-day decline on reports that Malaysian exports will be robust this month despite concerns over potential supply disruptions from Indonesia,...
Amidst concerns over the quality of palm oil in Nigeria, Professor Kehinde Owolarafe of Obafemi Awolowo University, Department of Agriculture and Environmental Engineering, has sounded a...
Palm oil imports from Malaysia rose by 353 percent in the first four months of the year despite forex restrictions imposed on the commodity.
Despite adding palm oil to the foreign exchange restriction of the Central Bank of Nigeria (CBN) to encourage its local production, Nigeria spent N299.6 billion on...
Nigeria’s local rising production of palm oil has reduced the importation of the goods from China, India, and Malaysia, thereby boosting the local market. Recall that...