Lagos, July 27, 2025
Trading in the shares of MRS Oil Nigeria Plc has been officially suspended on the Nigerian Exchange (NGX) as the company moves forward with plans to voluntarily delist from the stock market.
The suspension, which took effect on Friday, follows an application by the company for voluntary delisting, in line with regulatory requirements. The NGX confirmed that the halt in trading will allow for a smooth transition process, protect shareholders’ interests, and enable the completion of outstanding procedures tied to the company’s exit.
MRS Oil, a major player in the downstream oil and gas sector, has announced plans to migrate its listing to the NASD Over-the-Counter Securities Exchange, where it will continue to offer shares to qualified investors in a less stringent regulatory environment.
According to market analysts, the move is part of the company’s broader strategy to restructure its capital market presence, reduce listing costs, and optimize regulatory compliance, especially given the limited liquidity and trading volumes on its NGX shares in recent years.
Shareholders have been assured of continued access to the company’s equity through the NASD platform once the listing is finalized. Regulatory authorities, including the Securities and Exchange Commission (SEC), have been notified of the company’s plans to ensure transparency and compliance throughout the process.
With this development, MRS Oil becomes the latest in a growing list of firms exploring alternative listing avenues outside the NGX amid changing market dynamics.
