Home Latest Insights | News Palm Oil Is Gold and Bitcoin in Nigeria Right Now As Presco, Okomu Oil Continue Growth

Palm Oil Is Gold and Bitcoin in Nigeria Right Now As Presco, Okomu Oil Continue Growth

Palm Oil Is Gold and Bitcoin in Nigeria Right Now As Presco, Okomu Oil Continue Growth

Palm oil business is the new fintech except that it comes with real PROFITS, not just valuations. When you read the financial results of Okomu Oil and Presco, you will understand where the value is located right now in Nigeria. Today, Presco continues the spectacular results:

“Presco Plc has recorded an exceptional financial performance for the 2024 fiscal year, reporting a staggering N128 billion pre-tax profit, marking a 156.05% increase from the N50 billion recorded in 2023. The palm oil producer’s latest financial results, released on January 31, 2025, show robust growth across key metrics, with revenue, profits, and asset valuation all reaching new highs.”

The palm oil category has outperformed many banks in the country and you are right to anoint it as the new gold and bitcoin. Tekedia Capital is looking for builders in this space: Simply, the data looks great, and agro-allied & agro-processing companies in Nigeria have promises. Indeed when no one can find US dollars to import food items, and We The People must still eat, the local products will have moments. Indeed, this is a moment for agro in Nigeria, and young people should get into it.

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With cosmetics, makeup, etc becoming a norm in the beauty space, palm oil is the new gold. You cannot produce enough palm oil these days because everyone needs it to create makeup. Tekedia Capital stands with farmers, agro-allied startups like Vetsark, Winich Farms, etc we have invested in. We want more because palm oil is the agro-bitcoin when you look at the profits these companies are declaring.

Are you building the new Presco? We want to know at Tekedia Capital capital.tekedia.com.


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