Nigerian fuel retailer MRS Oil falls to Q1 pretax loss

Whatsapp News

LAGOS May 4  – Nigeria’s MRS fell to a first-quarter pretax loss of 734.5 million naira ($3.7 million) after posting a profit of 321.1 million a year earlier, fuel retailer said Monday.

Turnover, operating under the name Chevron Nigeria, fell 12 percent to 21.3 billion naira in the three months to end-March, the company said in a statement with the Nigerian Stock Exchange.

($1 = 198.9500 naira) (Reporting by Oludare Mayowa; editing by Chijioke Ohuocha and Jason Neely)