Appointment
Presco Plc Appoints Ademola Adebise to Board as Independent Non-Executive Director
Presco Plc has announced the appointment of Mr. Ademola Adebise as an Independent Non-Executive Director, filling a casual vacancy on its Board of Directors until the next Annual General Meeting.
The company disclosed the development in a formal notice to the Nigerian Exchange Limited and its stakeholders on October 2, 2025. Mr. Adebise brings over 33 years of experience across information technology, treasury, risk management, financial control, strategic planning, and corporate banking.
He previously served as Managing Director and CEO of Wema Bank, where he led the creation of Africa’s first digital bank, ALAT. His boardroom experience includes roles at AIICO Pension Managers, FITC, NIBSS, and Great Nigeria Insurance Plc. He currently serves on the boards of AIICO Capital, AIICO Insurance, and FCMB Group Plc, and chairs Family Homes Fund Limited.
A Fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria, Mr. Adebise is also affiliated with several other professional bodies.
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Resident Doctors Issue 21-Day Ultimatum to FG Over Unpaid Allowances, Salary Arrears
The Nigerian Association of Resident Doctors (NARD) has issued a 21-day ultimatum to the Federal Government, demanding urgent resolution of unpaid allowances, salary arrears, delayed training funds, and other welfare-related concerns affecting medical practitioners across the country. The ultimatum was contained in a communique issued after the association’s Ordinary General Meeting (OGM) held in Kano…
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HSenate Advances Bill to Regulate Cryptocurrency, Strengthen Investor Protection in Nigeria
The Nigerian Senate has passed for second reading a bill seeking to regulate cryptocurrency operations, protect investors, and strengthen the country’s growing digital economy. The bill, sponsored by Deputy Senate President Barau Jibrin, was approved during Tuesday’s plenary session following majority support from senators through a voice vote. After its passage, the proposed legislation was…
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Dangote Refinery Increases Processing Capacity To 700,000 Bpd
Dangote Petroleum Refinery and Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd. The achievement was confirmed during a performance test conducted by the refinery’s process licensors, marking a major milestone in the facility’s operational growth. The development further strengthens the refinery’s…
Presco Plc expressed confidence that his appointment will enrich the board’s leadership and support the company’s growth strategy. The announcement was signed by Frederick Ichekwai, Company Secretary.