Okomu Oil
Nigeria-based company
From Wikipedia, the free encyclopedia
Okomu Oil Palm Company Plc is a Nigeria-based company that is involved in oil palm plantations, palm kernel processing, and rubber plantations.
| Company type | Public |
|---|---|
| Industry | Agriculture, Palm Oil, Rubber |
| Headquarters | Nigeria |
| Products | Crude Palm Oil, Palm Kernel, Palm Kernel Oil, Palm Kernel Cake, Rubber |
| Revenue | ₦198.1 billion (2025) |
| Owner | Socfinaf S.A. (62.94% stake) |
| Website | https://okomunigeria.com/ |
Okomu Oil produces crude palm oil, palm kernel, palm kernel oil, and palm kernel cake. In 2023, Okomu Oil's revenue grew by 26.61% year-over-year to N75.108 billion.[1] The company's pre-tax profit grew by 44% year-over-year to N33.839 billion in 2023.[2]
Okomu Oil and Presco Oil are the two largest producers of palm oil in Nigeria, with Okomu Oil holding a significant market share. Okomu Oil is majority-owned by Socfinaf S.A., a Belgian company, with a 62.94% stake.[3]
In 2024, a militant group attacked the company, killed three workers and demanded 25% of the company's shares.[4]