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Okomu Oil Plc nearly doubled its 2025 net profit to N63.5 billion, driven by strong palm oil sales and favorable global prices, boosting revenue and margins
Gbenga Oyebode, chairman of Okomu Oil, gained over $17 million this year as the company’s shares jumped 136% on the Nigerian Exchange (NGX).
Okomu Oil’s profit more than doubled to $41.1 million as revenue hit $118 million, reflecting strong demand and disciplined management under Gbenga Oyebode.
Gbenga Oyebode, co-founder of Aluko & Oyebode, leads Okomu Oil, a $660 million Nigerian palm oil powerhouse.