• Friday, February 21, 2025
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BusinessDay

Oando’s cash flow crisis puts investors on the edge

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Oando Plc, whose stock was among the best performers last year, has recorded a positive net operating cash flow only once (2023) in the last five financial years, with the latest figures for 2024 showing a recurring trend.  This is a cause of concern as it raises questions about the company’s ability to generate sustainable cash from its core operations and relianc