How to Buy Presco Shares in Nigeria: A Practical Guide

Presco Plc shares are bought on the Nigerian Exchange (NGX) under the ticker PRESCO, through a SEC-registered stockbroker or an investment platform that works with one. You will need a verified account, a CSCS account and Clearing House Number (CHN) in your own name, and naira to cover the shares and charges. Trades settle on T+1, and from then the shares are recorded in your name in the CSCS.

What Is Presco and Is It Listed on the NGX?

Presco Plc is an agribusiness involved in oil palm cultivation, palm oil processing, palm kernel oil production and related activities. It is listed on the NGX under the symbol PRESCO and classified under Agriculture.

Agriculture is one of the smaller sectors on the Exchange by number of companies. For the buyer, the sector makes no difference to the process: a PRESCO order goes through the same broker, the same CSCS account and the same settlement cycle as any other NGX share. For plantation size, production figures and shareholder information, use the company's annual report and the NGX company page.

What You Need Before You Buy Presco Shares

• Valid ID, BVN and proof of address
• An account with a SEC-registered stockbroker or a connected investment platform
• A CSCS account and CHN in your own name
• A bank account in your own name
• Funds for the purchase and the transaction charges

How to Buy Presco Shares: Step by Step

1. Open an account and complete verification. Shares Saver works with Crown Capital Limited, an NGX trading licence holder, and shares are registered in the investor's own name in the CSCS.
2. Ask for your CHN once the CSCS account is open, or supply your existing CHN.
3. Fund the account in naira from your own bank account.
4. Search for the ticker PRESCO and confirm the company name is Presco Plc.
5. Check the current quote and the quantity on offer. Work out how many whole shares your budget covers after charges, since the NGX records whole shares only.
6. Choose a market or limit order and submit it during the NGX session, 9:00 to 16:00 WAT on business days.
7. Keep the contract note, confirm the holding in your CSCS account after T+1, and lodge an e-dividend mandate with the registrar.

Costs and Fees to Expect

The total payable is the value of the shares plus the broker's commission and the statutory and market charges, which include fees to the SEC, the NGX and the CSCS, and stamp duty where it applies. Platforms may add a subscription or service fee.

Some brokers apply a minimum commission per trade. On a small order, a minimum charge forms a larger share of the total cost than on a big one. Ask your provider whether a minimum applies and what it is, and check the contract note against the published schedule.

Presco Dividends and the Registrar

Dividend decisions at Presco depend on profitability, cash requirements, expansion spending and board policy. A dividend in one year does not mean one will be paid the next. The latest company announcements and official NGX disclosures show what, if anything, has been declared, together with the qualification and payment dates. Dividends are paid after 10% withholding tax.

Payments are made by the company's registrar through the e-dividend system. Look up the registrar on the NGX company page for PRESCO or in the annual report, and submit your e-dividend mandate there. If the company makes a bonus issue, the registrar also arranges for the new shares to be credited to your CSCS account.

Things Investors Commonly Research About Presco

For an oil palm business, the usual research topics are listed below. They are given for information and carry no opinion.

• Production volumes and plantation yields reported in the results
• Palm oil and palm kernel oil prices, which move with commodity markets
• Weather, disease and plantation management
• Geographic concentration of the estates and land-use matters
• Expansion plans and how they are funded
• Input, transport and agricultural-policy changes

Frequently Asked Questions

What is the NGX ticker for Presco?

Presco Plc trades on the Nigerian Exchange under the ticker PRESCO.

Are Presco and Okomu Oil Palm the same company?

They are two separate oil palm companies, each with its own NGX listing. Presco trades as PRESCO and Okomu Oil Palm trades as OKOMUOIL. Buying one gives you no holding in the other.

Can I buy Presco shares with a small amount?

The smallest holding is one whole share, so the practical minimum is the current share price plus charges, or your provider's minimum order value if that is higher. Check the live quote and the fee schedule before you fund the account.

Does owning Presco shares entitle me to palm oil or any product?

Shareholders have rights under company law: to receive any dividend declared, to receive notices and annual reports, and to vote at general meetings. There is no entitlement to the company's products.

How do I sell Presco shares later?

Give a sell instruction to a broker that has access to your CSCS account, with a market or limit order as for a purchase. The sale settles on T+1 and the proceeds, net of charges, are paid to your investment account. A sale depends on buyers being in the market at your price.

Is withholding tax on dividends the only tax to think about?

Withholding tax of 10% is taken from dividends at source. Gains on selling shares are treated separately: under the Nigeria Tax Act 2025 they are exempt only where proceeds are under ₦150 million and gains under ₦10 million in a 12-month period, or where proceeds are reinvested as the Act allows. A tax adviser can confirm your own position.