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Business News

FY 2018: Presco Plc declares 200 kobo per ordinary share dividend

Presco Plc has declared a final dividend of 200 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.

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FY 2018: Presco Plc declares 200 kobo per ordinary share dividend

Presco Plc has declared a final dividend of 200 kobo per 50 kobo ordinary share for the financial period ended Monday, December 31, 2018.

The dividend will be paid to shareholders, whose names appear in the Register of Members as at the close of business on Friday, July 5, 2019.

While the Register of Shareholders will be closed from Monday, July 8, 2019, to Wednesday, July 10, 2019, qualification date has been scheduled for Friday, July 5, 2019.

E-Dividend Registration: The company advised its shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on the company’s website.

Unclaimed Dividend Warrants Share Certificates: Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar.

Meanwhile, the Company’s Annual General Meeting (AGM), will be held at The Dura Club, Obaretin Estate, Km 22 Benin Sapele Road, Ikpoba / Okha LGA, Edo State, Nigeria, on Wednesday, July 24, 2019.

Company financial results: The company recorded a revenue of N5.5 billion in 2019 Q1, as against N6.5 billion in the corresponding period of last year.

The company’s profit before tax stood at N2.5 billion in 2019 Q1 as against N3.4 billion in 2018. Profit after tax stood at N2.1 billion in 2019 as against N2.6 billion in 2018.

About the company: Presco Plc engages in the cultivation and development of oil palm plantations, palm oil milling, palm kernel processing, and vegetable oil refining in Nigeria. It is involved in the extraction, refining, and fractioning of crude palm oil into finished products.

Presco was formerly known as Presco Industries Limited. The company was incorporated in 1991 and is headquartered in Benin City, Nigeria. Presco Plc is a subsidiary of Nv Siat SA.

The company is currently trading N58 on the floor of the Nigerian Stock Exchange (NSE).

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Coronavirus

Covid-19: WHO approves China’s Sinopharm vaccine

WHO has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

The World Health Organization (WHO) has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.  The vaccine is reported to have 79% efficacy against covid.

This was disclosed today in a report by Reuters. The vaccine would also be the second Chinese-made vaccine after Sinovac vaccine and would be the first developed outside Europe and North America to receive WHO accreditation.

“This expands the list of COVID-19 vaccines that COVAX can buy, and gives countries confidence to expedite their own regulatory approval, and to import and administer a vaccine,” WHO Director-General, Tedros Adhanom Ghebreyesus said.

The WHO added that the easy storage requirements make it highly suitable for low-resource settings.

“Its easy storage requirements make it highly suitable for low-resource settings,” a WHO statement said while also disclosing that the vaccine has been approved for people above the age of 18 to receive two shots.

“On the basis of all available evidence, WHO recommends the vaccine for adults 18 years and older, in a two-dose schedule with a spacing of three to four weeks,” the statement added.

The vaccine was created by Beijing Biological Products Institute, a subsidiary of Sinopharm subsidiary China National Biotec Group, with an efficacy of 79% for all age groups.

The WHO however, admitted that few older adults (over 60 years) were enrolled in clinical trials, so efficacy could not be estimated in this age group.

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The quest for vaccine efficiency got a major boost earlier this week as Nairametrics reported that the United States government announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

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Obituaries

“Mama Taraba”, Former minister and senator, Aisha Al-Hassan is dead

Ex-Women Affairs minister, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead

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A former Minister for Women Affairs and ex-Governorship Candidate in Taraba State, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead.

According to media reports she died in a hospital on Friday in Cairo, Egypt at the age of 61.

Al-Hassan, who was a former senator of the Federal Republic of Nigeria from Taraba North Senatorial District, was the All Progressive Congress (APC) Governorship Candidate for Taraba in the 2015 general elections.

READ: Abba Kyari’s last letter to President Buhari

She later contested for the same seat on the platform of the United Democratic Party in the 2019 general elections after resigning from APC and as a minister in the administration of President Muhammadu Buhari on July 27, 2018.

The former senator was born on the 16th of September, 1959 in Jalingo, Taraba State, to Alhaji Abubakar Ibrahim, Sarkin Ayukan Muri.

READ: Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

Aisha Jummai Al-Hassan attended Muhammed Nya Primary School, Jalingo and LEA Primary School, Tudun Wada, Kaduna before proceeding to Saint Faith College (now GGSS) Kawo Kaduna where she studied between January 1973 and June 1977.

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