Palm Oil – City Business News

October 24, 2025 No Responses

Presco Declares Second Interim Dividend Of N10

For the nine-month ended September 30, 2025,Presco Plc, Nigeria’s leading fully integrated edible oil business, has declared 108.2% year-on-year growth in Profit Before Tax (PBT) to N139.7 billion.Following this record performance, the Board of Directors has approved a second interim...

October 19, 2025 No Responses

Bayelsa Renews Commitment To Oil Palm, Rice, Fish, Other Farmers

Bayelsa State has distributed over 5,000 bags of fertilisers to farmersAccording to the State Commissioner for Agriculture and Natural Resources, Prof. Beke Sese, the ministry has also partnered with the Nigerian Institute for Oil Palm Research to support oil ...

July 26, 2025 No Responses

Palm Oil: FG Inaugurates Committee To Enhance Production

The Federal Government (FG) of Nigeria has inaugurated the National Palm Oil Traceability Framework and Inter-Agency Committee to boost palm oil production, enhance consumer confidence, and increase exports.Minister of Agriculture and Food Security, Sen. Abuba...

April 30, 2025 No Responses

Okomu Oil Palm Trains Community Leaders To Promote Peace, Development

Photo Caption: Chief Daniel Agagha from Ofunama community wearing white cap (middle) flanked by Pa Omozusi of Odighi community (Left) with other Participants at the Okomu Oil Company TrainingMembers of communities neighbouring Okomu Oil Palm Company Plc from O...

January 23, 2025 No Responses

Expert Projects Growth For Presco, Okomu Oil In 2025

Former President of Chartered Institute of Stockbrokers (CIS) and Managing Director, Arthur Steven Asset Management Limited (ASAM), Olatunde Amolegbe, has projected growth for the Oil Palm Industry in 2025.Amolegbe’s positive outlook for the sector on Thursd...

November 11, 2024 No Responses

Armed Group Demands 20% Shares Of Okomu Oil, Own LGA, Amnesty

Ongoing crisis within the Okomu community in the Ovia South West Local Government Area (LGA) remains unabated, notwithstanding the presence of military personnel around that axis.It will be recalled that in the Month of May this year, an armed group...

October 11, 2024 No Responses

Delta To Distribute Fertilizers To Oil Palm, Casava, Plantain Farmers

Delta State Government is to distribute 9,000 bags of fertilizers to farmers’ associations next week Tuesday as part of measures to boost food security and productivity in the state.Secretary to the State Government, Dr Kingsley Emu disclosed this at a.....

July 4, 2023 No Responses

Adulteration: Palm Oil Farmers Seek Collaboration With FG

The National Palm Produce Association of Nigeria (NPPAN) has called on the Federal Government to collaborate in establishing palm oil markets aimed at combatting oil adulteration. In an interview with the News Agency of Nigeria (NAN) in Abuja, Mr Alphonsus...

April 5, 2022 No Responses

OPGAN: Nigeria Needs $500m Palm Oil To Meet Local Demands

The Oil Palm Growers Association of Nigeria (OPGAN), on Monday, said $500million worth of palm oil was needed to meet local demands of the commodity annually. The National President of OPGAN, Chief Joe Onyiuke, said this at a town hall meeting...

February 21, 2022 No Responses

CPC Impounds Adulterated Palm Oil

The Jigawa Consumer Protection Committee (CPC) has seized 50 litres of adulterated palm oil and four traders for allegedly being the suppliers of the product in Hadejia Local Government of the state. The CPC Chairman in the state, Alhaji Farouk...

November 27, 2021 No Responses

Oil Palm: Igbinedion Varsity Secures N500m CBN Facility

The Igbinedion University, Okada, has secured a N500 million Central Bank of Nigeria (CBN) facility to resuscitate and expand its existing oil palm plantation. The university’s Vice-Chancellor (VC), Prof. Lawrence Ezemonye, made this known on Friday in Okada...

November 25, 2021 No Responses

Okomu Oil Meets 29 Host Communities, Presents 2021 Bursary To 37 Students

As part of measures to sustain cordial working relationship, the Management of Okomu Oil Palm Company Plc, on Wednesday, met with its 29 host communities. The company also used the opportunity to present N90,000 cheque each to 37 students of...

September 22, 2021 No Responses

NAFDAC To Tackle Use Of Azo-dyes In Palm Oil

The National Agency for Food And Drug Administration and Control (NAFDAC) says measures are in place to sensitise Nigerians on some major public health challenges. According to it, some of the various infractions that impact negatively on public health and...

August 26, 2021 No Responses

FG Reiterates Support For Oil Palm Farmers

The Federal Government, through the Ministry of Agriculture and Rural Development (FMARD), on Wednesday rounded up a two-day capacity building for members of the Oil Palm Growers Association of Nigeria (OPGAN), in Enugu. The theme of the two-day capacity...