Okomu Oil, which has evolved from a modest plantation into a listed agro-industrial player under Nigerian lawyer and businessman Gbenga Oyebode, posted strong results for the first nine months of 2025, with profit more than doubling as demand for its products rose sharply.
Revenue climbs 67, profit up sharply
The company reported revenue of N173.95 billion 118.5 million for the nine months ended Sept. 30 , up from N103.95 billion 70.8 million a year earlier. The increase was driven by higher sales of palm oil, palm kernel oil, palm kernel cake, banga, and rubber cup lumps.