Description

Okomu Palm Oil Plc manufacture and market Banga Palm Oil in Nigeria as well as a range of Noko 10 rubber bands. The company was established in 1976 as a Federal Government pilot project set up to rehabilitate oil palm production in Nigeria. At the time, the pilot project incorporated 15 589 hectares of which 12 500 hectares was planted with oil palms. In 1985, Okomu Palm Oil Plc installed a 1.5 tonne fresh fruit bunches/hour mill. The company was privatised in 1990 and has grown to become Nigeria’s leading oil palm company with some 14 000 hectares of land currently planted with palm oil trees and 8 000 hectares of rubber trees. By 2020, an additional 4 000 hectares of palm oil trees and 1 500 hectares of rubber trees will have been planted on the 33 000 hectares of private land owned by Okomu Palm Oil Plc. The company operates two 30-tonne/per hour oil mills and an additional two 30-tonne/per hour mills will be operational by 2020/21. Its technical partner, SOCFINAF (Luxemburg), has a 53.32% stake in the business. SOCFINAF (Luxemburg) was founded in 1912 and was the first industrial company to plant oil palm trees in Africa and Indonesia. Today, it has plantations and oil palm operations in Sierra Leone, Ghana, Cote D’Ivoire, Liberia, Nigeria, Cameroon, the DRC, Sao Time and Cambodia. Okomu Oil Palm Plc’s head office is in Lagos, Nigeria.

Okomu Palm Oil Plc is listed on the Nigerian Stock Exchange

News & Corporate Announcements

Okomu Palm Oil Plc (OKOMUO.ng) Share Chart

Trading Update

Activity

SalesNGN 52.95
ValueNGN 2,815,457.40
Volume53,172
Market capNGN 50,509,534,500
Shares issued953,910,000

Performance

Today0.00 / 0.00%
52 week highNGN 85.00
52 week lowNGN 40.15
52 week change-33.65%
Year to date-30.51%

Market Info

CurrencyNGN
Founded1976
Listed03rd March, 1991
Year endDecember
IndexNigeria All Share Index (XNGALL.ng)

Dividends