MRS Oil Nigeria Plc, a prominent oil marketing company majority-owned by billionaire businessman Sayyu Dantata, has received shareholder assent to delist its shares from the Nigerian Exchange (NGX), marking a significant strategic shift in its corporate trajectory.

MRS Oil strategizes with delisting move
The decision, sanctioned during an Extraordinary General Meeting convened on June 25 in Victoria Island, Lagos, underscores MRS Oil’s proactive stance in realigning its market position.

The “Voluntary Delisting” initiative remains subject to regulatory green lights, with concurrent plans to amend the company’s Memorandum and Articles of Association to facilitate a share buyback and capital reduction. …CONTINUE READING