Post Merger Profitability of Oil Companies in Nigeria: A Case Study of Total Plc and Oando Nigeria Plc

dc.contributor.author	Sanni, Micheal Rotimi
dc.date.accessioned	2023-08-04T18:12:10Z
dc.date.available	2023-08-04T18:12:10Z
dc.date.issued	2008
dc.description.abstract	Do all Mergers and Acquisitions (M&A) lead to increase in profitability? In finding answers to this and other similar questions, the researchers considered two recent mergers in the oil industry, being the backbone of the Nigerian economy. The mergers are: Total Nigeria Plc/ Elf Nigeria Limited in September 2001 and Unipetrol Nigeria Plc/Agip Nigeria Plc (becoming Oando Nigeria Ple in August, 2001). Using paired sample t-test statistic on Earnings Per Share (EPS) before and after the mergers, it was found that the mean EPS of Total Nigeria Plc increased from 552.25K to 853.50K after the merger. That of Oando Nigeria Plc however decreased from 268.37K to 238,50K. The mean difference of 29.87K (loss) in Oando Nigeria Plc, which is significant at 0.57, is not significant at 5 per cent. The finding negates some earlier research works on the topic while it confirms others.
dc.identifier.uri	https://repository.run.edu.ng/handle/123456789/3825
dc.language.iso	en
dc.publisher	Journal of Management an International Journal Devoted to the Study of Management and Public Administration (Journal of the Administrative Staff College Of Nigeria)
dc.relation.ispartofseries	Vol. 29 No 1-2
dc.title	Post Merger Profitability of Oil Companies in Nigeria: A Case Study of Total Plc and Oando Nigeria Plc
dc.type	Article

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