Nigeria's downstream oil and gas sector saw a mixed bag of results in the first quarter of 2023. Some firms saw their profits increase, while others saw their profits decline.
BusinessDay analysis showed Conoil recorded the highest profit margin of 8.61 percent, MRS Oil (4.81%), Eterna (3.53%), a
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
