THE EFFECTS OF ASSET STRUCTURE ON THE PERFORMANCE OF OIL AND GAS FIRMS IN NIGERIA

Abstract

This article examines the relationship between asset structure and the performance of oil and gas firms in Nigeria. It explores how the composition of assets, including fixed assets and liquid assets, influences operational stability, flexibility, and long-term growth prospects in the context of the Nigerian oil and gas sector. Through a comprehensive analysis of financial data and industry dynamics, this study sheds light on the optimal asset allocation strategies for maximizing profitability and resilience amidst market uncertainties. The findings highlight the importance of efficient asset management and capital allocation in driving sustainable growth and competitive advantage in Nigeria's oil and gas industry.