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Austin Avuru (Seplat Co-Founder): Lessons on Personal Finance, Entrepreneurship and Investments

Austin Avuru, Nigerian geologist, Entrepreneur, and the much respected cofounder and former Chief Executive Officer of Seplat Petroleum Development Company (SPDC), graced an interview by the Afropolitan Podcast recently, and it turned out to be a masterclass on Entrepreneurship, Business, Life, Legacy, and Philanthropy. It is one of those podcasts you have to listen to repeatedly to ensure not to miss the tiniest detail, as almost every sentence from him was an eureka experience.  Austin spent over 40 years in the Nigerian oil and gas sector and was Managing Director of Platform Petroleum Limited and in 2010 became the pioneer CEO of Seplat Ltd, a company he co-founded. Under his leadership, Seplat was dually listed on the London Stock Exchange and Nigeria Stock Exchange, a massive feat that has scarcely been matched ever since. He retired as CEO of Seplat in 2020 and remains on the Board. He is also the Chairman of AA Foundation, a not-for-profit organisation dedicated to creatin...
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Passive Income Investment Options: Government Bonds

"How, then, can they call on the one they have not believed in? And how can they believe in the one of whom they have not heard? And how can they hear without someone preaching to them?" ...this is an extract from one of the Holy books. Rephrasing/Adapting it with respect to investments, it would read as "How, then, can they make good investments? and how can they invest right if they have not heard? And how can they hear without someone telling them?" That is why you have Cowryvest, a platform born out of our desire to simplify, demystify, and democratize personal finance and investment knowledge in Nigeria and across Africa. We believe the first step to successful investing is acquiring the right knowledge, and Cowryvest is our contribution to that journey for you. Here are some of our previous articles where we outlined several passive income investment vehicles available for investors to take advantage of. Click on the links below to read.  Passive Income Inves...
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Commercial Paper Issuance: Finceptive Limited Series 2

FINCEPTIVE LIMITED (“Finceptive” or the “Company” or the “Issuer”) Opened Series 2 Commercial Paper Issuance Worth Up to ₦4 Billion- Closes on the 25th of March. Finceptive Limited  has commenced its Series 2 Commercial Paper (CP) issuance, aiming to raise up to ₦4 billion under its ₦5 billion Commercial Paper Issuance Programme. This issuance presents a unique opportunity for investors looking to participate in Nigeria’s growing financial market.  Finceptive is a financial intermediary company that was incorporated in Nigeria on 22 July 2021. The company provides lending services including local purchase order (LPO) financing and invoice discounting to vendors of blue-chip companies. The range of services offered by Finceptive empowers businesses to maintain liquidity, sustain operations and drive growth. Since its inception, the company has provided over ₦44 billion in funding to small and medium scale enterprises (SMEs) and supported over 35,000 SMEs.  The company has ...
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Commercial Paper Issuance: TrustBanc Holdings Limited Series 1

  TRUSTBANC HOLDINGS LIMITED (“TrustBanc” or the “Company” or the “Issuer”) Opened Series 1 and 2 Commercial Paper Issuance Worth Up to ₦20 Billion- Closes on the 23rd of March. TrustBanc Holdings Limited  has commenced its Series 1 & 2 Commercial Paper (CP) issuance, aiming to raise up to ₦20 billion under its ₦100 billion Commercial Paper Issuance Programme. This issuance presents a unique opportunity for investors looking to participate in Nigeria’s growing financial market.  TrustBanc Holdings Limited  TrustBanc was incorporated on 26th July 2018 as a holding company that synergises the operations of  TrustBanc Financial Group (“the Group”). The Group is an integrated financial services group with  solutions covering wealth management, ethical and conventional investments management, securities  trading, savings, lending and forex. TrustBanc will eventually evolve to receive dividends from  subsidiaries and absorb some expenses as the need...
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Transcorp PLC FY 2025 Result: Record Profits, Power Sector Risks, and What Investors Should Watch

  Transnational Corporation Plc, one of Africa’s leading listed conglomerates with strategic investments in power, hospitality, and energy, recently announced its audited Full Year 2025 results, delivering record financial performance across all business lines and crossing the ₦1 trillion total asset milestone for the first time in the Group’s history. The conglomerate which is driven by its mission to improve lives and transform Africa is listed on the Nigerian Stock Exchange (NGX: TRANSCORP), and currently has a market valuation of around ₦497 billion (Share price ~₦49). Interestingly, Transcorp stock did not fully participate in the rally that swept across the NGX in the first two months of 2026, neither has it been favoured like other energy stocks by the ongoing US-ISRAEL-IRAN war. The group led by Dr. Owen Omogiafo is chaired by Mr Tony Elumelu of UBA group fame, who is also the major shareholder through his investment vehicles.  Its power businesses — Transcorp Power Pl...
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Commercial Paper Issuance: Sycamore Integrated Solutions Limited Series 1

  SYCAMORE INTEGRATED SOLUTIONS LIMITED (“SYCAMORE” or the “Company” or the “Issuer”) Opened Series 1 Commercial Paper Issuance Worth Up to ₦3 Billion- Closes on the 13th of March ...  Closing now extended to Thursday 19th of March . Sycamore Integrated Solutions Limited  has commenced its Series 1 Commercial Paper (CP) issuance, aiming to raise up to ₦3 billion under its ₦20 billion Commercial Paper Issuance Programme. Sycamore Integrated Solutions Limited ("Sycamore") provides innovative financial solutions to individuals, businesses and institutions to meet their growing needs, through their Microfinance Bank, Asset Management Firm, and Fintech Platform. The firm is a leading financial solutions provider in Nigeria with 400,000+ users and over ₦20billion in assets under management (AUM) registered with the Central Bank of Nigeria (CBN), The Security and Exchange Commission (SEC), and Federal Competition and Consumer Protection Commission (FCCPC) . For more information ...
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Commercial Paper Issuance: SG Holdings Limited Series 3 & 4

  SG HOLDINGS LIMITED (“SG Holdings” or the “Company” or the “Issuer”) Opened Series 3 and 4 (Tranche 2) Commercial Paper Issuance Worth Up to ₦75 Billion- Closes on the 10th of March. SG Holdings Limited  has commenced its Series 3 & 4 Commercial Paper (CP) issuance, aiming to raise up to ₦75 billion under its ₦100 billion Commercial Paper Issuance Programme. SG Holdings Limited (“SGH”) is a Nigerian-based integrated energy and marine logistics company with operations across West Africa. Headquartered in Nigeria, it has a presence in Lagos, Abuja, Port Harcourt, Accra, and Abidjan. The Company operates in the energy midstream and downstream sector, including oil and gas transportation, energy trading & infrastructure, which includes a fleet of ocean-going tankers with a total dead weight tonnage of 1,456,000 MT, a 52-million-liter tank farm, & a 30,000 metric ton capacity jetty, retail services (filling stations), aviation fuel services, LPG, and shipping logistic...
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Passive Income Investment Options- Real Estate Investment Trusts (REITs)

  Many Africans grew up being introduced to real estate investing as the most popular form of investing. From Lagos to Nairobi, Johannesburg to Accra, the formula has always been the same:  get educated, get a job, buy land, build a house... rinse and repeat . For many Africans — including those in the diaspora — real estate feels safe, tangible, and reliable. So real estate investing is not strange to us and remains the most common form of investing in Africa. It is one of the reasons we publish articles educating our audience on various other forms of investing beyond real estate. Here are some of our previous articles where we outlined some passive income investment vehicles available for investors to take advantage of. Click on the links below to read.  Passive Income Investment Options- Dividend Paying Equity (Stocks) Passive Investing Options- Commercial Papers Passive Investing Options- Money Market Fund It is always a pleasure to see testimonials from readers who ...
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Commercial Paper Issuance: SUNBETH GLOBAL CONCEPTS LIMITED Series 1, 2, & 3

  Sunbeth Global Concepts Limited (“Sunbeth” or the “Company” or the “Issuer”) Opened Series 1, 2 & 3 Commercial Paper Issuance Worth Up to ₦100 Billion- Closes on the 5th of March. Sunbeth Global Concepts Limited  has commenced its Series 1, 2 & 3 Commercial Paper (CP) issuance, aiming to raise up to ₦100 billion as part of its ₦200 billion Commercial Paper Issuance Programme. Sunbeth is a leading global agro-commodities sourcing and trading platform that operates across key international markets. The Company was established in 2017 as a trading company focused on raw cocoa beans and cashew nuts. It originated from Sunny Owo Ventures, a cocoa-sourcing company with over 20 years of experience. Since inception, Sunbeth has sourced and exported over 200,000 metric tons of cocoa beans and 60,000 metric tons of cashew to the international markets, delivering strong revenue and profitability along the way. In 2025, the Company posted over N600 billion in revenue. The curren...
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Reinvest or Stagnate: Why Building Equity Is the Secret to Small Business Growth

  One of the banes of micro and small businesses in Nigeria — and by extension Africa — is what we are about to discuss in this article. It is one of the things responsible for keeping businesses stagnant and unable to expand and tap into opportunities for growth. It is one of the reasons why most micro and small businesses do not survive beyond their owners.  As we had noted in one of our previous articles on small businesses , "small businesses are the drivers of any economy. In our opinion they are the mainstay of capitalism / societal economic development, creating wealth while closing the employment gap in the society" . Therefore any society that wants to make significant progress and create jobs while reducing the unemployment gap must take the success of micro and small businesses seriously. Africa must create jobs for her burgeoning and teeming youthful population, and so must be interested in and deliberate (with all hands on deck) about ensuring that her m...
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Access Holdings 5-Year Strategy (2023–2027): Execution Progress & Valuation Gap

  Access Holdings PLC (Access Corporation) has been working with a rolling 5-year Strategic cycle Document clearly outlining their 5-year strategy and plans and how they intend to execute, which they publish to the investing public ahead of the next cycle. In 2023, under the leadership of the late Herbert Wigwe (the deceased Group Managing Director) they published their Strategic framework for 2023 to 2027 cycle and did an Investor presentation on it. Ever since they have continued to execute in line with their strategy, even after the unexpected demise of the Company's co-founder and then serving Group Managing Director, Herbert Wigwe. Although Access Corporation has been executing in line with their strategy, for some reasons investors have not really embraced that story as it has not reflected in their share price over the years. Their 2027 5-Year Strategy Document (2023 - 2027) has been available online, clearly outlining their expansion plan across Africa and beyond, but it ap...
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