Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the “Transaction”) with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as the Lead Issuing House on…
The Federal Government has officially commenced tolling operations on the newly constructed Abuja-Keffi-Akwanga-Makurdi Highway corridor.. The commissioning of toll collection on the 227.2km road project took place on Tuesday, 4th February 2025 at the toll gate in Garaku, Nasarawa State. Speaking at the event, the Honourable Minister of Works, Sen. David Umahi, represented by the…
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday expressed satisfaction at the level of work on the Phase II of the Adiyan Water Works project. The governor, who showed his excitement after inspecting the ongoing water project said that it is expected to supply Lagos residents with 70 million gallons of water per day after…
Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. Saudi Aramco is the official Saudi Arabian Oil Company, which is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. President of Dangote Group,…