Aliko Dangote’s half-brother, Sayyu Dantata, is a prominent Nigerian businessman and one of Africa’s most renowned industrialists.
While he may not be as widely recognized as his elder sibling, Sayyu Dantata’s entrepreneurial endeavours have carved a significant niche for him in Nigeria’s business landscape.
With a diverse portfolio spanning various sectors, Sayyu Dantata owns an impressive 60 percent of MRS Oil Nigeria Limited, through his investment company, MRS Africa Holdings. This significant stake, amounting to 205,730,806 ordinary shares in the company, positions him as one of the wealthiest investors in the Nigerian Exchange (NGX).
Join us as we delve into key businesses owned by Dantata, showcasing his influence and contributions to Nigeria’s economic growth and development.
MRS Oil Nigeria Plc
Dangote’s brother, Sayyu ventured into the oil and gas industry in 1993 before establishing the MRS Group in 1995. MRS Oil Nigeria Plc is one of the largest oil marketing companies in Nigeria with a network of over 400 retail service stations across the country.
It also exports petroleum products to other West African countries, including Benin, Togo, Cameroon, and Cote d’Ivoire. MRS facilities in Apapa allow them to supply premium quality products to esteemed customers. Dantata’s company is celebrated for acquiring Chevron Texaco Downstream assets in Nigeria.
MRS Oil Nigeria currently ranks as the 45th most valuable stock on the Nigerian Exchange, boasting a market capitalization of $47.32 million, accounting for 0.104 per cent of the local bourse’s total equity market.’
Reports say Dangote’s brother, Sayyu stake in MRS Oil Nigeria has soared by over $10 million in the past 39 days, driven by a surge in the company’s share price.
Corlay Global S A
This is a Benin-based subsidiary that operates retail petrol stations and a modern jet facility in the country. He also owns a Cameroon-based subsidiary, Corlay Cameroun SA which runs a large network of retail service stations. It partly owns a lube plant and operates a waterfront marine terminal among other operations outside the oil and gas sector.
The Togo-based subsidiary also runs retail service stations and a modern jet facility.
Petrowest is another MRS subsidiary that operates throughout Africa, Europe and North/South America. It manages overseas trading and product supply activities. It is also a major exporter of Nigerian Naphtha, fuel oil, and crude oil as well as a major importer of petroleum products into the Nigerian market.
Ovlas Trading & Supply in Geneva
This is one of the companies Dantata reportedly built while he was Chairman of MRS Oil Nigeria Plc. The company was built to propagate oil trading, which was part of the diverse key activities MRS Oil focused on.
MRS Investments Limited
This is a holding company that invests in a variety of businesses, including real estate, manufacturing, and agriculture. Incorporated in Apapa in 2003, the company facilitates investment for the pan-African conglomerate of companies diversified in oil products and services.
Over the years, Dantata has demonstrated a keen acumen for business and a determination to make his mark. He continues to make waves in the Nigerian business landscape, solidifying his status as a highly successful and influential entrepreneur.
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