4 stories found
Presco Plc, a leading Nigerian agro-industrial company, has proposed an interim dividend of N10 per ordinary share following the release of its unaudited financial results for the first half of 2026, which showed a rise in profit.
Abia State Governor, Alex Otti, has disclosed that the state government is set to sign a Memorandum of Understanding (MoU) with Presco Plc for a $200 million investment in large-scale palm oil production and processing, a move expected to generate over 5,000 jobs and revive the state’s agricultural economy. The post Otti seals $200m palm oil deal, targets Abia 5,000 jobs appeared first on Vanguard News.
Ogun State has secured an initial $100 million investment in oil palm from Presco Plc, which has now commenced operations in the state. Presco's Group Chief Executive Officer, Mr. Adewale Arikawe, cited the state's favorable business environment and strategic location as key factors for the investment.
Presco Plc has reported an impressive 109.6% surge in equity, with its assets nearing N1 trillion. The company announced strong 2025 financial results, including record profits and key acquisitions.