Business

Can MRS Oil Plc maintain its impressive performance? 

They often say that every situation has two sides. The removal of fuel subsidies and the devaluation of the Naira in 2023 have had widespread effects on the economy and companies.  


Some, particularly Fast-Moving Consumer Goods (FMCG) companies, have reported post-tax losses, leading to erosion of shareholders’ funds in certain instances. Yet, amidst these challenges, MRS Oil Plc appears to have thrived. 


The company’s resilience shines through its exceptional share price performance in 2023, boasting a staggering 644.68% Year-to-Date (YtD) gain, ranking the company as the top-performing stock in the NGX Oil and Gas sector, significantly surpassing the previous year’s figures and market indices.