US EditionRasheed Sarumi-led Presco gets nod for $162.8 million raise
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Rasheed Sarumi-led Presco gets nod for $162.8 million raise
Presco Plc, Nigeria’s largest fully integrated agro-industrial palm processor, chaired by Rasheed Sarumi, has secured shareholder approval to raise up to N250 billion ($162.8 million) through a Rights Issue. The resolution, passed at the company’s Annual General Meeting on Aug. 19, 2025, gives the board the authority to issue new shares, pursue acquisitions, and expand operations.The planned capital raise, which still requires regulatory clearan…
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