• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Presco Raises N100bn Bond Issuance To Drive Expansion

by Olushola Bello
8 months ago
in Business
presco
Share on WhatsAppShare on FacebookShare on XTelegram

In a move to bolster its operations and drive expansion, Presco Plc said it is raising N100 billion bond issuance under its N150 billion bond programme.

Advertisement

This was contained in the company’s notice to the Nigerian Exchange Limited. Presco stated that the initiative has received the necessary approvals from the company’s board of directors and the Securities and Exchange Commission (SEC).

The bond issuance up to N100 billion, classified as Series 1 is scheduled to close on January 10, 2025.

Presco outlined plans to utilize the proceeds for the acquisition of Ghana Oil Palm Development Company (GOPDC) Limited and to fund the expansion of its existing operations, saying that this aligns with the company’s commitment to enhancing its footprint in the agricultural and agro-allied sector.

“Presco has obtained approval of its Board of Directors to access medium to long-term debt funding from the domestic capital market of up to N100bn series 1 bonds under its N150 billion bond programme.

RELATED

The Evolution Of Betting In Nigeria: A Journey Of Growth

How To Bet Smarter In 2025

9 hours ago
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases

Global Oil & Gas Contracts Up By $7bn In Q2

14 hours ago
ADVERTISEMENT

“All the relevant approvals from the Securities and Exchange Commission in respect of the issuance have been received. The bond issue commences immediately to close on January 10, 2025.

“The proceeds of the funds will be applied towards funding the acquisition of Ghana Oil Palm Development Company (GOPDC) Limited and expansion on existing operations by Presco.

Analysts noted that the approval of this bond issuance marks a significant milestone for Presco as it positions itself for growth and increased market share in the West African region.

ADVERTISEMENT

The move highlights Presco’s strategic focus on leveraging domestic capital market opportunities to finance its growth ambitions.

Presco, a subsidiary of SIAT SA, is a fully integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plants.

Presco also has olein and stearin packaging plants and a biogas plant to treat its palm oil mill effluent which is the first of its kind in West Africa. Presco specialises in the cultivation of oil palm and in the extraction, refining and fractionation of crude palm oil into finished products. Presco is the market leader for supply of specialty fats and oils and assures a reliability of supply of its products year-round.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Presco Plc
SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

MTN Unveils Study To Protect Children Online

Next Post

Foundation Targets 1,000 Abia Youths For Training

Olushola Bello

Olushola Bello

You May Like

The Evolution Of Betting In Nigeria: A Journey Of Growth
Business

How To Bet Smarter In 2025

2025/08/26
Malabu Oil: Abacha Family Wants Minister To Withdraw Claims On Court Cases
Business

Global Oil & Gas Contracts Up By $7bn In Q2

2025/08/26
Fadaella Foods To Capture Nigerian Market With New Products
Business

Fadaella Foods To Capture Nigerian Market With New Products

2025/08/26
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
Business

Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1

2025/08/26
FG, Imo, NDPHC Seek Speedy Completion Of Egbema Power Plant
Business

Kano Manufacturers Engage NDPHC On Direct Power Supply

2025/08/26
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

New Law Offers N2m Medical Compensation For Uninsured Accident Victims

2025/08/26
Leadership Conference advertisement

LATEST

Kwara: Kidnap Victims Escape As Security Forces Raid Criminals’ Hideouts

JUST-IN: Osun Gov’t May Sack Monarch Jailed In US For $4.2m COVID-19 Fraud

Tinubu Celebrates Senator Ekpenyong At 40

Fresh FM Inferno: Ayefele Responds To ‘No Insurance’ Claims

Court Orders Banks To Produce Activist Sowore’s Account Transactions

Reps To Probe UNIBEN Teaching Hospital’s Budgetary Expenditures

C’Wealth Weightlifting: Omolola Wins Team Nigeria’s First Gold In India

JUST-IN: NRC Suspends Abuja-Kaduna Train Services After Derailment

Fire Razes 5 House In Cross River Community

Bode George Hails PDP Zoning, Says Party Ended ‘Existential Imbecility’

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.