Inside Nigeria’s petrol price war: Sayyu Dantata’s MRS takes on NNPC with Dangote refinery fuel
Sayyu Dantata controlled MRS is selling petrol at 739 naira per litre, sharpening competition with NNPC across Nigeria’s retail market.
Sayyu Dantata
Nigerian billionaire Sayyu Dantata emerges as biggest winner from Dangote Refinery’s fuel boom
Sayyu Dantata, half-brother to billionaire Aliko Dangote, has emerged as Nigeria’s most powerful fuel distributor after NNPC, leveraging his MRS network to benefit from Dangote Refinery’s rise.
MRS, majority owned by Dangote’s half-brother Sayyu Dantata, rakes in $203 million revenue
The growth was fueled by higher sales of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and lubricants.
Sayyu Dantata’s MRS Oil cuts petrol price after Dangote Refinery’s reduction
This follows Dangote Oil Refinery’s recent move to lower its ex-depot price by 6.3 percent, from N950 ($0.64) to N890 ($0.60), after a drop in global crude oil prices.
Nigerian oil mogul Sayyu Dantata’s MRS Oil sees profits exceed $4 million in 2024
MRS Oil’s ability to navigate inflationary headwinds and leverage supply chain efficiencies highlights its resilience in Nigeria’s volatile energy sector.
Sayyu Dantata, half-brother of Africa's richest man, struggles to sell $22 million Banana Island mansion
Dantata’s decision to sell the mansion coincides with reports that he is contemplating a return to his hometown of Kano State.
MRS Oil Nigeria reports $151.4-million revenue in 9M 2024
Revenue for the first nine months of 2024 climbed to N248.71 billion ($151.42 million), up from N100.88 billion ($61.42 million) in the prior-year period.
Dangote’s half-brother Sayyu Dantata’s MRS tops $60 million in revenue in Q1 2024
Revenue for the first three months of 2024 climbed to N79.16 billion ($62.6 million), up from N30.78 billion ($23.83 million) in the prior-year period.
Dangote’s half-brother Sayyu Dantata’s oil firm mulls Nigerian Exchange exit
Following a successful delisting, the board intends to seek shareholder authorization to list the company’s shares on the NASD OTC Securities Exchange.
Dangote’s half-brother Sayyu Dantata eyes sale of lavish Banana Island mansion
The leading businessman known for his affinity for luxury and lavish assets, is reportedly contemplating a return to his hometown of Kano State.
Dangote’s half-brother Sayyu Dantata’s oil firm exceeds $190 million in revenue in 2023
Similarly, the company’s profit saw a substantial increase of over 270 percent from $1.37 million $5.14 million, indicating improved operational efficiency and cost-effectiveness.
Oil firm of Dangote’s half-brother Sayyu Dantata posts 9M revenue exceeding $120 million
Dantata, a multimillionaire businessman and the majority stakeholder in MRS Oil Nigeria, owns 60 percent of the company, or 205,730,806 ordinary shares.
Four billionaires, including Dangote’s stepbrother, bag multimillion-dollar NNPC deal
The rehabilitation contracts have drawn both praise and criticism from industry stakeholders.
Dangote’s stepbrother, Sayyu Dantata, gains $2.4 million from MRS stake in 48 hours
Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings.