The Nigerian Investor

MTN Nigeria: How a Regulatory Crisis Created a 700% Stock Market Success

The $5.2 Billion Fine That Changed the NGX Forever MTN Nigeria is one of the most powerful market movers and dividend machines on the Nigerian Exchange today—but its journey to the public market wasn't voluntary. In this episode of The Nigerian Investor, we unpack the dramatic history of how a massive regulatory crisis turned into one of the most profitable investments in Nigerian capital market history. Join us as we explore: * How MTN built a monopoly in the early 2000s while remaining privately owned. * The 2015 NCC crackdown on 5.2 million unregistered SIM cards that led to a historic fine. * The intense backroom negotiations with the CBN, Attorney General, and federal government that ultimately forced MTN to list on the stock exchange. * The 2019 listing frenzy that drove a 700% capital gain from ₦99 to ₦790 per share. Discover the real forces behind corporate Nigeria where strategy, policy, and timing intersect. If you love breaking down the Nigerian capital market one brick at a time, hit Follow, rate our show, and share this episode with a fellow investor! Stay consistent, stay curious, and stay invested.

Why I Don't Own MTN — Anthony Uzum on Focused Investing on the NGX

How many stocks should you actually hold — and does your portfolio size change the answer? In this episode of The Nigerian Investor Podcast, Anthony Uzum (@Anthonyuzum) shares his personal framework for portfolio construction on the Nigerian Exchange, including why he caps his holdings at 20 stocks, why investors with under ₦10M should hold no more than 4–5 names, and why he intentionally skips good companies like MTN, NGX Group, and NASCON. Anthony also explains the role of "protective" holdings like GTCO — stocks he doesn't expect to generate outsized returns, but that provide ballast in a volatile market. Whether you're managing ₦1M or ₦100M, this episode will change how you think about concentration and risk. Topics covered: * The ₦50M+ threshold for holding up to 20 stocks * Why over-diversifying with a small portfolio destroys returns * Stocks Anthony knows are good — but still doesn't own * GTCO as a portfolio "anchor" rather than a high-return pick * How to think about downside risk at different portfolio sizes

Stop Guessing Stocks! Use This Ranking System Instead

Most investors on the NGX are guessing.In this excerpt from episode 58, released last week, our guest, Anthony breaks down a real system used to rank stocks and build a high-conviction portfolio.⸻Anthony, an investor uses a structured, data-driven approach to pick stocks and allocate capital.Instead of relying on hype or Telegram tips, Anthony focuses on: • PEG Ratio (Growth vs Valuation) • Price to Cash Flow (Not just P/E) • Revenue & Earnings Growth • Cash Flow from Investing Activities • Price to Book & Price to SalesHe then ranks stocks monthly and concentrates capital into his highest conviction ideas.This strategy has led to: • Top 6–7 stocks making up ~70% of his portfolio • Strict allocation rules (10–20% caps per stock/industry) • Disciplined, repeatable investingIf you’ve ever wondered: • “How many stocks should I hold?” • “How do I stop random buying?” • “What metrics actually matter?”This excerpt and full episode is for you. 🎯 Key Takeaways: * Why price alone means nothing in investing * How to rank stocks using multiple valuation metrics * The power of concentration vs diversification * Why cash flow matters more than earnings * How to build a structured NGX portfolio 📌 Watch till the end if you want to move from guessing stocks to building a real portfolio. 🎙️ The Nigerian Investor Podcast We break down the Nigerian capital markets one brick at a time. ⚠️ Disclaimer: This content is for educational purposes only and not financial advice.

How to Build a Serious NGX Portfolio| @anthonyuzum on Stock Picking, Valuation & Wealth

In Episode 58, we sit down with @Anthonyuzum to discuss how to build a serious investment portfolio on the NGX. We cover stock analysis, portfolio construction, capital allocation, valuation, PEG ratio, defensive positions, concentration vs diversification, currency risk, global investing, and the habits needed to build long-term wealth. Anthony also shares the three Nigerian stocks he would hold for the next 10 years and explains why he still believes the NGX remains undervalued. A practical episode for anyone serious about becoming a better investor.

Before You Buy Any NGX Stock, Watch This First: An Interview w/Emma Osu, StockyVest Founder

In Episode 57 of The Nigerian Investor Podcast, we speak with Emmanuel Osu (@osuet1), founder of Stockyvest, a new tool built to help Nigerian investors research stocks more easily. We discuss: * his NGX journey * mistakes investors make * why analytical tools matter * how Stockyvest works * liquidity, dividends, and financial health * the future of stock research in Nigeria Would you use a platform like Stockyvest before buying a stock? Like, subscribe, and share. #TheNigerianInvestor #NGX #Stockyvest #NigerianStocks