MRS Africa Holdings’ partnership with Dangote Petroleum Refinery is reshaping Nigeria’s downstream sector – and rattling rivals in a new era of price wars.
Oil marketing company MRS Africa Holdings, founded by Aliko Dangote’s half-brother Sayyu Dantata, became a major downstream player 16 years ago with its acquisition of Chevron’s fuel retail business, expanding into Cameroon, Benin, Togo and Côte d’Ivoire.
MRS Oil Nigeria – 60% owned by MRS Africa Holdings Limited, which also became the third major marketer to delist from the stock exchange after
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