Buhari’s actions contradict nepotism comment
President Muhammadu Buhari's recent comment on nepotism and corruption has put a spotlight on a spate of appointments he made that were widely criticised.
Speaking at the maiden edition…
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Chart of the day: Asset turnover ratio of Nigeria’s downstream oil firms
Ardova's high asset turnover ratio shows how effectively it utilized its assets to generate sales.
Read also: Sterling reaffirms support to agriculture
Low asset turnover ratio could…
MRS records N351m profit in H1 2022, highest in four years
The billions of naira Africa’s largest oil-producing country squanders due to the absence of full deregulation in Nigeria’s downstream sector is no longer news, but what is new is how firms…
Chart of the day: Inventory turnover of Nigeria’s downstream oil firms
Due to its lower inventory and lower cost of sales, MRS recorded a high inventory turnover ratio in half year 2022 which shows that its products are sold faster compared to others.
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Chart of the Day Gross margin ratio of Nigerias downstream oil firms
TotalEnergies higher Gross Profit Margin (GPM) ratio gives it a competitive edge over all other downstream oil firms.
Its high GPM ratio further shows that it retains a larger part of its…