Okomu Oil Palm Plc Sees 68% Profit Drop After Militant Attacks on Facilities

• Armed attacks on Okomu Oil facilities in Edo State disrupt operations, leading to a significant profit decline
• Company calls for improved security as it forecasts a 68% drop in second-half profits

Abuja, Nigeria – Okomu Oil Palm Plc, a Nigerian agricultural firm majority owned by Belgian company Socfinaf S.A., reported a 68% decline in profits for the second half of this year, following a series of armed attacks on its facilities by gunmen.