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MRS OIL NIGERIA - NEWS

The Minister of Information, Idris Mohammed, has said that Nigeria’s domestic consumption dropped from 2 billion of petrol by 50% following the removal of fuel subsidy.
The National Space Research and Development Agency (NASRDA) has announced a collaboration with Proforce Ltd. to develop NigeriaSAT 3, 4, 5, and a Synthetic Aperture Radar (SAR) satellite.
Customers of telecommunication company, 9mobile, have been groaning over a prolonged downtime on the network, which is preventing them from making and receiving calls. 
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National Petroleum Corporation (NNPC), struggles to cover the gap between fixed pump prices and international fuel costs, according to six industry sources. 
Shareholders of MRS Nigeria Limited have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited.
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced the destruction of counterfeit, substandard, expired, and unwholesome regulated products worth approximately N985 million.
The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on Nigeria's official window. 
The Federal government said fuel subsidy is projected to gulp about N5.4 trillion in 2024 as against the N3.6 trillion budgeted for the intervention in 2023.
The Minister of finance Wale Edun has insisted that fuel subsidy removal is an ongoing process that depends...
The Petroleum Trust Development Fund (PTDF) has started the screening process for 600 candidates as part of its 2024/2025 overseas postgraduate scholarship program for Nigerians in the South-South region.
Oil and gas as well as banking stocks were some of the biggest losers in the Nigerian Exchange (NGX) during the week ending May 18, 2024.  
The board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders N135.00 per ordinary share of 50 kobo each.