Presco PLC

Presco PLC is Nigeria's leading fully-integrated oil palm producer, listed on the Nigerian Exchange Limited (NGX: PRESCO) and headquartered in Benin City, Edo State. The company operates over 21,000 hectares of oil palm plantations in Edo State, a palm oil mill, a palm kernel crushing plant, a refinery, and a fractionation plant producing crude palm oil, palm kernel oil, refined bleached deodorised (RBD) palm oil, olein, stearin, and specialty fats for the Nigerian food manufacturing industry. Presco was founded in 1991 and acquired by the SIAT Group (a Belgian agro-industrial group) in 1996, which remains the majority shareholder. The company is a major supplier to Nigerian FMCG manufacturers and has been a consistent dividend-paying blue-chip on the Nigerian Exchange.