MRS Oil unveiled key terms of the payout as approved by the SEC.
The revenue growth was driven by higher petroleum product prices throughout most of 2024, despite a reported decline in sales volumes.
Market sentiment was negative as 20 stocks depreciated in price while 13 constituted the gainers’ chart.
The upturn was impacted by gains in the following stocks: Dangote Cement, BUA Foods, MRS Oil, Vitafoam and PZ Cussons.
Transactions on the Nigerian Exchange (NGX) closed Monday upbeat, with investors earning N94 billion.
In spite of the drop in market indices, the total volume of trades increased by 5.5 per cent to 214.17 million shares valued at N1.34 billion.
