…Operating cash flows have surged across sectors, revealing the corporate side of Nigeria's economic adjustment.
Three years after President Bola Tinubu launched the most ambitious economic reforms in decades, the balance sheets of Nigeria's largest listed companies show that corporate cash generation has surged far faster than profits.
An analysis of 27 companies listed on the Nigerian Exchange shows that aggregate operating cash flows among many of the country's biggest firms rose to N6.6 trillion in the first quarter (Q1) of 2
