Nigerian lawyer and businessman Gbenga Oyebode, the chairman of Okomu Oil Palm Company Plc, has seen the market value of his stake in the Nigerian-listed company rise by more than 17 million following a steady climb in its share price over the past 10 months.
Oyebode, who holds a 4.37-percent stake in the Edo Statebased company, has benefited from a steady rally in Okomu Oils share price since the start of the year. According to data tracked on the Nigerian Exchange, the market value of his holdings has increased by N25.25 billion 17.43 million, lifting the total value of his stake to around 30.19 million as of early November.
Strong fundamentals support steady growth