Stock market rises further by 0.07%
Nigeria’s equities market recorded its third consecutive gain on Thursday, rising by 0.07percent or N21billion as investors bought mostly the shares of Conoil, Sterling Financial Holdings…
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Conoil
Conoil, Total, MRS shine in race to generate cash for operations
Keeping businesses afloat in Nigeria’s downstream sector has become extremely tough. A lot of companies have divested and the few existing ones have reduced their labour force to stay in…
Conoil rewards shareholders with N1.73bn dividend as profit surges by 13.7%
The shareholders of Conoil Plc on Friday, October 28 unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial…
Chart of the day ROE of Nigerias downstream oil firms
Totalenergies, Eterna and Conoil both have rising Returns on Equity (ROE), demonstrating their ability for creating shareholder value through the reinvestment of capital in profitable assets…
Chart of the day current ratio of Nigeria’s downstream oil sector
According to Investopedia, the current ratio is a liquidity ratio that measures a company’s ability to pay short-term obligations or those due within one year.
Conoil's high current ratio…