…as supply struggles to keep pace
Nigeria's two biggest listed palm oil producers are committing billions of naira to plantations, mills, and processing facilities despite already posting record earnings, wagering that Africa's largest food market will remain structurally short of edible oil for years to come.
Rather than distributing the windfall from surging crude palm oil prices, Presco Plc and Okomu Oil Palm Plc, which posted a combined profit of N72.86 billion in the first quarter of 2026, compared to N69.32 billion, are rec
