Oil Palm

Presco Plc has ended a bad trend of three years of dropping profit that extended into the first quarter of 2020. It sealed the prospects for the falling profits extending to the fourth year with a rebound at half-year – which it sustained…

A leading Nigerian Agro-company, Ellah Lakes Plc has entered into a joint venture with the Ondo State Government for the development of oil palm and cassava plantation. The Company Secretary of Ellah Lakes, Kenechi Ezezika, in a…

Ellah Lakes Plc has commenced a discussion on a whole acquisition of a Delta-based Oil Palm processing company. The Company secretary, Oake Legal in a notification to the Nigerian Stock Exchange (NSE) noted that though a binding…

Presco Plc is losing profit for the fourth straight year and the downturn gained speed in the first quarter ended March 2020.  The oil palm and rubber producing company lost 10.4 percent of the prior year’s profit at the end of 2019,…

The Delta Government has signed a 20 million dollars Memorandum of Understanding (MoU) with Norsworthy Investment Limited, a private firm, for the cultivation of 3,000 acres of oil palm and processing plant project. The MoU for the project…

The Growth Employment (GEM) Project, a World Bank assisted project, has promised to give grant to oil palm processors in Edo to boost production of quality palm. Mr Edward Izevbigie, the state project coordinator of FADAMA 111, gave this…