Over the last five financial years, Oando has recorded a positive net operating cash flow only once, in 2023. This is a cause of concern as it raises questions about the company’s ability to generate sustainable cash from its core operations and reliance on external financing to stay afloat.
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
