Presco, controlled by Nigerian billionaire Rasheed Sarumi, posts $111 million nine-month profit

Billionaires Africa | 30.10.2026 12:50
Presco Plc, the Nigerian palm oil producer controlled and chaired by tycoon Rasheed Sarumi, increased its pre-tax profit by 8.5% in the first nine months of 2026 and cut its borrowings by more than half.