Nigeria’s palm oil sector has delivered a record performance, with national output reaching 1.57 million tonnes in 2025.
Industry leaders Presco and Okomu reported significant profit growth, with Presco’s pre-tax profit jumping 57.3% for the year, driven by both volume expansion and sustained high market prices.
The strong finish to 2025 has carried into a robust start for 2026, reinforcing the sector's resilience.
The surge in production and profitability highlights the growing importance of Nigeria as a supplier in the global vegetable oil market.
High prices have remained a key support for margins, allowing major producers to capitalize on increased yields.
This performance stands in contrast to broader energy market volatility, where Nigeria’s crude oil production has recently climbed to a 15-month high of 1.7 million barrels per day, exceeding its OPEC quota.