Goddy Egene
The year 2020 was a very challenging one as a result of the COVID pandemic that impacted businesses and individuals. As financial results of listed companies are being released, the impact of the pandemic is becoming more manifest. It has been a mixed grill as some companies record declines in their profitability, some losses and other profits.
Another major impact of the pandemic was a reduction in investment by most companies given the uncertainties that prevailed in the year. But few discerning companies, which have good foresight and saw opportunities in the challenges thrown up by the pandemic, made significant investments in their assets.