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

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.

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.

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

Investing in the stock market is not just about finding the next hot stock. It is about discipline, patience, and emotional control.

In this episode of The Nigerian Investor Podcast, hosts Mudi and Aye sit down with Wolf of NGX, a well-known voice in the Nigerian investing community, to discuss one of the most overlooked aspects of investing on the Nigerian Exchange Group: mastering your emotions.

Many investors enter the market chasing hype, momentum, and social media trends. But as the Wolf explains, emotional decisions often lead to costly mistakes like panic selling, buying at the top, or becoming exit liquidity for smarter investors.

In this conversation, we break down:

• Why emotional control is critical to surviving NGX volatility

• The danger of chasing “hot stocks” without fundamentals

• How to build an investment system that removes emotions from decision making

• The importance of savings in building an investment portfolio

• Diversification vs concentration in stock investing

• Why beginners should focus on consistent companies instead of exciting ones

Wolf of NGX also shares five simple rules every investor should follow to survive long-term in the stock market.

If you are new to investing in Nigerian stocks or trying to improve your discipline as an investor, this episode will help you think more clearly and invest more strategically.

Follow The Nigerian Investor Podcast for more conversations that break down the Nigerian capital market one brick at a time.

Until next time: Stay consistent, stay curious, stay invested.

Is Assessworth building the Bloomberg Terminal for Nigerian retail investors?

In this episode of The Nigerian Investor Podcast, we sit down with Elijah Rona, CEO of Assessworth, a fast-growing investment research platform designed to help Nigerian investors make smarter decisions.

Assessworth aims to solve one of the biggest problems in the Nigerian stock market:

Lack of accessible investment information.

We discuss:

• Why Nigerian investors struggle with information

• How Assessworth works

• Stock recommendations and risk analysis

• Portfolio tracking tools

• AI-powered stock analysis

• SEC licensing and credibility

• Future plans including broker integration

• How Assessworth compares to Nairametrics and broker apps

• Common investing mistakes Nigerians make

If you invest in Nigerian stocks or want to start investing, this episode is for you.

Spotify:https://open.spotify.com/show/6eE7GYMKpzCwaoy9zzcg42?si=9E-dnARwTIqdtu-zHTC2Mw

Apple Podcasts: The Nigerian Investor

Amazon Music:https://music.amazon.com/podcasts/b99ae640-b5d6-48a0-8a2f-1ed879cc92e7/the-nigerian-investor?ref=dm_sh_YQafPkVpf46FeT78TdstlxFGY

Audible: https://www.audible.com/pd/B0DH9NR963?source_code=ASSORAP0511160006&share_location=podcast_show_detail

https://Assessworth.com

Twitter/X: @TNIpodcaster

Instagram: @tnipodcast

🎧 Listen to The Nigerian Investor Podcast:📊 Visit Assessworth📢 Follow The Nigerian Investor

Many investors celebrate revenue growth.

But smart investors ask a better question:

How much of that revenue did the company actually keep?

In this episode of The Nigerian Investor Podcast, Mudi and Aye break down one of the most misunderstood areas of financial statements — margins.

We explain:

• What gross margin really means

• How operating margin shows business efficiency

• Why net margin is the true bottom line

• The difference between profit (₦) and margin (%)

• Why you must compare companies within the same industry

• How to analyze NGX company results properly

Using a simple smoothie business example, we walk you step-by-step through how companies convert revenue into real profit.

Next time you see results from companies like Guaranty Trust Holding Company Plc, MTN Nigeria Communications Plc, or Presco Plc, you’ll know exactly what to look for.

🎧 This episode is perfect for:

• Beginner investors

• NGX retail investors

• Anyone learning to read financial statements

Homework:

Download financial statements of two companies in the same sector — for example:

• Fidson Healthcare Plc

• May & Baker Nigeria Plc

Compare their margins and see which is more efficient.

Until next time…

Stay consistent. Stay curious. Stay invested.

Ethical investing is no longer just a personal preference — it’s becoming a core part of how investors think about capital, responsibility, and long-term value.

In this episode of The Nigerian Investor Podcast, Mudi breaks down what ethical investing really means and why Nigerian investors should look beyond just profits when building their portfolios.

We explore the difference between ethics, morality, and law, the two major ethical investing approaches, and how different sectors on the Nigerian Exchange come with unique ethical considerations.

This episode will challenge you to ask an uncomfortable but important question:

What do your investments say about you?

🎧 Listen, reflect, and decide how to balance profit with principles.

If you enjoyed this episode, please follow or subscribe on Spotify and YouTube, leave a rating or comment, and share it with someone who needs to hear this conversation.

Many Nigerian investors panic when they wake up and suddenly see their shares reduced or multiplied.

But should you?

In this episode of The Nigerian Investor Podcast, Mudi and Aye break down stock splits and share reconstruction (reverse stock splits) in simple, practical language anyone can understand.

You’ll learn:

• What share reconstruction really means

• Why companies reduce shares but increase prices

• How stock splits work during bullish markets

• Why your total investment value stays the same

• The difference between cosmetic changes vs real fundamentals

• How these corporate actions appear in financial statements

• What Nigerian investors should actually focus on (earnings, dividends, cash flow)

Whether you invest on the Nigerian Exchange Group or you’re just starting out, this episode will help you stop panicking and start thinking like a long-term investor.

🎯 Key takeaway:

Don’t react emotionally to corporate actions. Always connect them back to fundamentals.

👉 Like, share, and follow @TNIpodcaster to help more Nigerians access real financial education.

Real estate in Nigeria can build wealth — or wipe you out if you buy blindly. In this episode, we sit with Afebu Omo-Ikirodah (@afebu3) to break down the real meaning of land titles, why due diligence is non-negotiable, and why the phrase “excision in progress” is one of the biggest red flags in Nigerian real estate.

We also discuss financing options Nigerians actually use (cooperatives, pooling, fractional ownership, NHF, payment plans), how to think about ROI and rental yields, and what diaspora Nigerians must do differently before investing back home.

Nigerian real estate, land titles, C of O, certificate of occupancy, excision, governor’s consent, due diligence, diaspora investing, property investment Nigeria, real estate financing, cooperative loans, fractional real estate, rental yield, real estate ROI, inflation hedge, omonile, land verification