In a bid to have more liquid assets to pay off current liabilities, MRS Oil, a downstream firm in Nigeria’s oil and gas sector, has recorded 304 percent growth in cash and cash equivalents, amounting to N5.21 billion in the first quarter of 2023 from N1.29 billion in the first quarter of 2022.
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
