Okomu Oil records N75bn gross earnings in 2023

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George Oyebode,Okomu Oil

The Okumu Oil Palm Company Plc, said it recorded a gross earning of N75.2 billion in 2023 in line with its strategic objectives

and excellence. The Chairman of the company, Mr Gbenga Oyebode, said this during the 44th Annual General Meeting of the company held on Thursday in Abuja. Oyebode said in spite of… and excellence.

“This remarkable performance is primarily driven by inflationary based increases in the prices of our core products. Oyebode said the Board of Directors had proposed payment of final dividend of N14 for every ordinary share of 50 kobo each for approval. “In spite of the increase in production costs and lower production volumes, our operational efficiencies enabled us to achieve significant growth in CPO sales and turnover.

Operatives of Kaduna State Police Command have arrested eight suspected criminals for robbery of an hotel. The suspects were apprehended while returning from a criminal operation.

 

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