Nigeria’s largest palm oil producer has extended its profitability momentum in the first three months of 2026, largely supported by stronger revenue and a significant drop in finance costs.
Net profit of the Edo-based edible oil maker increased to N49.25 billion in the first quarter of the year
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Wasiu Alli
Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.
