Presco Plc, Nigeria’s leading fully integrated edible oil company, is taking a bold step to strengthen its regional market leadership.
The company plans to raise ₦237 billion through a Rights Issue, unlocking resources for strategic acquisitions and industrial expansion.
Presco Rights Issue Unlocks Growth
Under the offer, existing shareholders can purchase 166,666,667 new shares at ₦1,420 each, on a one-for-six basis.
The company obtained approvals from shareholders, the Securities and Exchange Commission (SEC), and the Nigerian Exchange Limited (NGX), marking a key milestone in Presco’s growth journey.
Investing In Capacity
The company will direct the funds toward both Greenfield and Brownfield projects, some of which are already nearing completion.
These investments aim to increase production capacity, improve operational efficiency, and reinforce Presco’s competitive edge in the edible oil sector across Nigeria and the wider region.
Read Also: Presco Posts Decade-High Profit Surge
Driving Sustainable Impact
Furthermore, Managing Director Reji George described the Rights Issue as “a defining moment” in the company’s transformation.
“This capital allows us to scale operations, invest in high-impact projects, and deliver lasting value for our shareholders, employees, and local communities,” he said.
Looking ahead, Presco remains committed to sustainable agribusiness practices.
By leveraging Nigeria’s agricultural potential, the company drives industrial growth, creates jobs, and strengthens national food security.
Its strategy reflects a long-term vision to expand responsibly while enhancing efficiency, resilience, and profitability.
