Ellah Lakes Targets ₦235 billion To Expand Palm Oil Business
November 13, 2025
10:09 pm
Nigerian agro firm launches ₦235 billion public offer to acquire new assets, expand land holdings, and position among top palm oil producers by 2030.
Ellah Lakes Plc is making an ambitious move to cement its place among Nigeria’s largest palm oil producers, unveiling a ₦235 billion public offer to fund new acquisitions and expansion projects across the country’s fast-growing agribusiness sector.
The agro-allied company said the capital raise would finance its purchase of Agro-Resources and Processing Nigeria Limited (ARPN) from the Tolaram Group and support the construction of a new crude palm oil processing mill at ARPN’s site in Edo …
