Company: Okomu Oil Palm Co.
Country: Nigeria
Sector: Agricultural Commodities
CEO: Graham Hefer (Managing Director)
Website: https://okomunigeria.com
Careers Page: Not publicly listed
LinkedIn: https://ng.linkedin.com/company/okomu-oil-palm-plc-okomuoil-
Email: Not publicly listed
Headquarters: Okomu-Udo, Ovia South West LGA, Edo State, Nigeria
Founded: 1976
Valuation/Revenue: $85.8m revenue; $338.9m market value (African Business Top 250, 2025); ₦173.9bn nine-month 2025 turnover, up 52.4% year-on-year (CNBC Africa, 2025)
The Okomu Oil Palm Company Plc is a leading Nigerian agribusiness cultivating oil palm and rubber across three registered plantation concessions in Edo State, producing crude palm oil, palm kernel, palm kernel oil and rubber products. It is majority owned by Belgian agro-industrial group Socfinaf and listed on the Nigerian Exchange.
What Does Okomu Oil Do?
Okomu manages roughly 33,113 hectares of registered plantation land, of which approximately 19,012 hectares were under oil palm and 7,334 hectares under rubber as of December 2024. The company produces and sells crude palm oil, palm kernel, palm kernel oil and palm kernel cake, alongside natural rubber, positioning itself around “responsible tropical agriculture” practices. It ranks among Nigeria’s two largest listed palm oil producers, alongside Presco.
Is Okomu Oil Legit?
Yes. Okomu is a long-operating, NGX-listed agribusiness dating back to the 1970s, with decades of continuous plantation operations and regular audited financial disclosures. It has, however, faced documented community land-conflict and security issues over the years, including reported militant attacks that at times threatened to disrupt operations, as covered by outlets such as Nairametrics and the World Rainforest Movement.
How Big Is Okomu Oil?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Okomu generated revenue of approximately $85.8 million and carried a market value of about $338.9 million, ranking 193rd among Africa’s largest companies. More recent reporting shows continued strong growth, with nine-month 2025 turnover reported at ₦173.9 billion, up 52.4% year-on-year, reflecting both higher palm oil prices and production volumes.
Who Is the CEO of Okomu Oil?
Graham Hefer serves as Managing Director of Okomu Oil Palm Company, overseeing the company’s plantation operations and its relationship with majority shareholder Socfinaf.
Who Owns Okomu Oil?
Socfinaf S.A., part of the Belgium-based Socfin Group (a major pan-African and Southeast Asian palm oil and rubber conglomerate), holds a majority stake of approximately 62.94% in Okomu, with the remainder held by public shareholders on the Nigerian Exchange.
Is Okomu Oil Publicly Traded?
Yes. Okomu Oil Palm Company trades on the Nigerian Exchange and is one of the market’s most closely followed agricultural commodity stocks, benefiting from Nigeria’s restrictions on palm oil imports that support domestic producer pricing.
How Does Okomu Oil Compare to Its Competitors?
Okomu’s principal domestic competitor is Presco Plc, another NGX-listed, foreign-backed Nigerian palm oil producer of similar scale; the two are routinely compared on plantation hectarage, yields and profitability as Nigeria’s dominant listed palm oil names.
What Has Okomu Oil Been in the News For Recently?
Okomu has posted strong recent financial growth, with nine-month 2025 turnover reported at ₦173.9 billion, up 52.4% year-on-year, driven by rising palm oil prices and Nigeria’s import-substitution policies that favour domestic producers. The company has also periodically faced security and community-relations challenges around its Edo State plantations, including reported militant threats to operations in 2024, which have drawn scrutiny from advocacy groups such as the World Rainforest Movement over land rights and community relations near its concessions — an issue prospective partners or investors researching the company should be aware of alongside its strong financial performance.
How Old Is Okomu Oil?
Okomu’s plantation origins date to the 1970s as a Nigerian government-backed oil palm development programme, later privatised and brought under Socfinaf’s majority ownership, giving the company more than four decades of continuous operating history in Nigeria’s palm oil sector.
How Do I Contact Okomu Oil?
Okomu’s registered head office and estate contact information, along with its investor relations materials, are published on its official website, okomunigeria.com; the site’s “Profile” and “Investors” sections are the primary channels for shareholder, media and partnership enquiries, supplemented by disclosures the company files with the Nigerian Exchange.
Links
Website: https://okomunigeria.com
Careers Page: Not found
LinkedIn: https://ng.linkedin.com/company/okomu-oil-palm-plc-okomuoil-
Email: Not publicly listed
FAQ
Is Okomu Oil a real company? Yes, it is an NGX-listed Nigerian palm oil and rubber producer, majority owned by Belgian group Socfinaf.
Who is the CEO of Okomu Oil? Graham Hefer, Managing Director.
Where is Okomu Oil headquartered? At its main estate in Ovia South-West LGA, Edo State, Nigeria.
Is Okomu Oil publicly traded? Yes, on the Nigerian Exchange.
Who owns Okomu Oil? Socfinaf S.A. (Belgium) holds roughly 62.94%, with the rest publicly traded.
How does Okomu compare to Presco? Both are leading NGX-listed Nigerian palm oil producers with foreign strategic shareholders and are frequently compared as direct sector peers.