Have You Ever Bought Shares In Nigerian Companies in the past? Public offer (Primary) or Secondary Market? Then this is for you. Several Nigerians participate in Public offers of Nigerian publicly listed companies without going further to register with stockbrokers. For instance, the last MTN public offer in 2022 had over 126,000 investors, according to MTN  and Premium Times , but I would be surprised if up to half of such investors have done anything further after that investment. Similarly, GTCO recently did a public offer with not less than 130,000 domestic investors participating in it as reported by Guardian News .  If you have ever participated in buying shares of Nigerian companies, chances are that you might have unpaid dividends waiting for you to claim (Free bucks, yeah!). Whether it was through an Initial Public offer, Public offer or bought from the Secondary market, if the company had ever declared dividends after your purchase then you are likely eligible to be ...

Stock market participation in Africa remains extremely low. A report published in Nigeria by Nairametrics some months ago indicated that there were about 5 (five) million Central Securities Clearing Systems (CSCS) accounts, of which only about 100,000 were active. That means that less than 2% of Nigerians have CSCS accounts at all, and only 0.05% of the population were active on the Nigerian Stock market. Of course the picture is similar across most African countries. The Stock market is where securities or stocks of Publicly listed Companies are traded every working day. In Nigeria, to participate in trading such stocks, the company has to be publicly listed on the Stock exchange and compliant with applicable regulations, participants have to register with a Stockbroker who will help them open CSCS accounts and assign a Clearing House Number (CHN) to them to have access to the Stock exchange trading floor . These days the registration process is very easy and could be done within 48 h...

Dangote Sugar Refinery Plc Opened Series 10–12 Commercial Paper Issuance Worth Up to ₦100 Billion- Closes on the 25th of June. Dangote Sugar Refinery Plc has commenced its Series 10–12 Commercial Paper (CP) issuance, aiming to raise up to ₦100 billion as part of its ₦300 billion Commercial Paper Issuance Programme. A subsidiary of Dangote Industries Limited, the company specializes in refining, distributing, and marketing granulated sugar to wholesalers and major clients across various sectors. The current offer, which opened recently, is expected to close on Wednesday, June 25, 2025.  With an installed refining capacity of 1.49 million metric tonnes annually, DSR remains the largest sugar refiner in Sub-Saharan Africa. The company has set its sights on producing an additional 1.5 million metric tonnes of refined sugar using domestically cultivated sugarcane, advancing its strategy to become a globally competitive, fully integrated sugar producer through backward integration. E...

Nigeria has a good number of citizens living and working abroad (in diaspora) and the number keeps increasing. Every day many individuals and families pray and look for every available means to travel abroad in search for greener pastures. Of course, with a population of over 200 million people and few opportunities being jostled for within the country, it is not out of place for people to have such desires to look outside the shores of the country in search of opportunities and better life. And for those that make it out, most of them never really forget home or their roots. They work tirelessly to succeed, and as they do they send back money to their relatives in Nigeria to support them, as well as amass investments in Nigeria mostly in form of real estate, perhaps with the hope of retiring back to their Fatherland in the future.  However, even though real estate is said to be 'real', a number of such hardworking Nigerians in diaspora trying to invest in Real estate back home...

 On the 13th of June, 2025, the Central Bank of Nigeria released a Letter to all Banks in Nigeria, directing all those that are "operating under approved regulatory forebearance regimes, specifically in relation to credit exposures and Single Obligor Limits"  to temporarily suspend dividend payments, Bonuses and investments in foreign subsidiaries. While the CBN's intention must have been noble, the weekend that followed was quite a long one for Bank shareholders and most likely would have had some of them develop hypertension. On the first trading day of the subsequent week the NGX banking sector went into panic mode, as the bank tickers were in the red, with some banks shedding almost the maximum allowable loss for the day. Before long, reports started to trickle in on the likelihood of GTCO and Stanbic IBTC Holdings being exempted from the sledge hammer, and their tickers started recovering. But shareholders and investors were still in the dark as to the fate of their ...

Do you have some idle funds sitting in your bank accounts or under your bed for several weeks or months? Are you saving up for a project in a few months and just piling it up in a bank account? That six months savings you have been told to set aside to serve as emergency fund in case of loss of your job or something else, do you have it lying idle somewhere? If your answer is positive then you might want to consider a Money Market Fund. A Money Market Fund is a type of mutual fund that invests in short-term, low-risk debt securities, aiming to provide investors with a relatively stable and liquid investment option. These funds are often seen as a cash-like alternative, offering higher returns than traditional savings accounts while maintaining a high degree of safety and accessibility". Note the words "liquid", "Safety" and "Accessibility".  Essentially, Money market fund is a pool of funds run by Fund managers into which several investors invest thei...

The 55th Annual General Meeting of Julius Berger Nigeria Plc held on June 19, 2025 at Shehu Musa Yar’Adua Center, 1 Memorial Drive, FTC Abuja, facilitated by the company and their registrars, Greenwich Registrars and Data Solutions. Resolutions from the meeting have since been published and are available to shareholders on the NGX Website. However, it is surprising to notice that it appears like there was no provision for shareholders who could not make it all the way to Abuja to join in virtually to follow the conversation. Provision was only made for physical attendance and voting through proxies. Do publicly listed companies still do that in this day and age? If there was one good thing that the world benefited from the last COVID-19 pandemic, it would be the compulsion to have meetings virtually, which then got nicely blended into our way of life afterwards. Several apps were developed and 'rediscovered' to accommodate virtual meetings, and have continued to be in use since...

Investors have been curious as to why Access Holdings PLC stock price has been underperforming, both below their expectation and compared to peers on the NGX (Nigerian Stock Exchange). Time was when Access Holdings stock price used to range similarly with United Bank for Africa (UBA) PLC, but as at today the gap between both is more than ₦12. In fact, among the FUGAZ, Accesscorp is the least priced, with Fidelity bank's share price, which is a second tier bank almost catching up with it. This is on the back of their meticulously crafted 5-year strategies which they have religiously been executing in batches since at least 2018, lofty expansion drive across Africa, aggressive growth of their fintech subsidiary, speed of completion of the CBN's recapitalization exercise way ahead of deadline, and the massive revenue and strong balance sheet they have been reporting. At the 2025 Annual General Shareholders Meeting, shareholders raised the same concern about the share price underpe...