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Reasons Why a Financial Advisor Can Help Your Business



Financial Advisor

The best way to think about a financial advisor is that they are someone who can help you out significantly when you are working on growing your business. There are a variety of ways that this happens, and we want to take a look at some of the most useful things that a financial advisor can do to help you out.

Business Owners Need Financial Advisors Immediately

It is always a juggle to try to balance one’s personal finances, and that doesn’t even take into account what can happen when one is also trying to balance the budget of a business that they are running. This is why it is recommended that you get a financial advisor here to help you out with every aspect of your personal and business finances.

A financial advisor can let you know exactly how much money is flowing through your business and the steps that you may need to take to secure as many of those funds as you can for the future. This is to say that you may choose to work with a financial advisor to simply get the details that you need about how to balance out the zeros and ones that make up your entire budget.

Another thing that you can get from a financial advisor for your business are some great projections about the direction where your business is likely to head in the future. They can read the numbers in ways that are useful for you to project out what the future may look like for yourself and your team. Believe it or not, just having some accurate figures like this may be exactly what you need to figure out which steps to take next.

Find Some Cost Savings

Looking for ways to save money is wise both for individuals who are working on their personal budgets, and also for businesses that are attempting to save down the budget ever so slightly. It is a great way to make sure the business is going to be able to stick around for the long run. Additionally, even a business that is very healthy and on the right track can benefit from a look at some ways to pare down costs. After all, a dollar saved is a dollar earned.

Financial advisors are great at identifying where there are savings to be had. They look at your budget in a non-judgemental way, and they can help you figure out exactly what you need to do in order to help bring about more savings in the long run. Once those factors have been identified, then you can work with the financial advisor to put real action steps into play to start to make the hard changes that are necessary to get the kind of results that you desire.

Manage Different Stages of Growth

Often, business owners don’t quite realize what stage of growth their business is in. They think that they need to use a certain approach that has worked well for them in the past. However, they may not be thinking about how they can adapt their approach to the circumstances that surround them instead. Different stages of growth require different levels of management and different strategic approaches. Don’t assume that what you have been doing to help grow your business up to this moment is going to work in exactly the same ways in the future.

Changing things up is healthy and normal for a business to do. You simply need to adapt to the conditions around you as they evolve. If you fail to do so, then you may end up losing ground to your competition very quickly. Financial advisors can guide your company through each stage of the growth process so you always know what you need to do in order to get the kind of results that you are looking for.

Personal Finances and Business Finances

A great financial advisor will help you set up both your personal finances and your business finances at the same time. After all, both of these things matter and need to be headed in the same upward direction. It is possible for you to align both things if you just work at it to take care of both matters at the same time. A financial advisor can provide you with the information and knowledge that you require to help get you the end results that you are looking for.

Trust in the abilities of your financial advisor to help lead you to the promised land. They are great at what they do, and they will happily show you the steps that you need to take to bridge where you are now and where you want to be in the future. Speak with them openly and honestly.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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Again, FrieslandCampina Pulls Down OTC Bourse by 0.23%



OTC stock exchange

By Adedapo Adesanya

FrieslandCampina Wamco Nigeria Plc, for the second consecutive session, dragged the NASD Over-the-Counter (OTC) Securities Exchange down by 0.23 per cent on Wednesday, October 5.

This happened as the milk-producing company recorded a N1.15 loss to close the midweek session at N73.85 per unit compared with the previous day’s rate of N75.00 per unit.

Consequently, the market capitalisation of the OTC bourse went down by N2.25 billion to wrap the day at N960.50 billion, in contrast to Tuesday’s N962.75 billion.

Equally, the NASD unlisted securities index (NSI) recorded a drop of 1.71 points to wrap the session at 729.63 points compared with the preceding day’s 731.34 points.

The number of shares transacted during the session went up by 40.5 per cent to 41,217 units from the 29,331 units transacted on Tuesday, while the value of the shares depreciated by 4.1 per cent to N2.1 million from N2.2 million, with the number of deals carried out by investors rising by 225 per cent to 13 deals from the four deals executed in the previous session.

AG Mortgage Bank Plc ended the trading session as the most traded stock by volume on a year-to-date basis with a turnover of 2.3 billion units valued at N1.2 billion, CSCS Plc stood in second place with 687.7 million units worth N14.3 billion, and Mixta Real Estate Plc was in third place with 178.1 million units valued at N313.4 million.

Also, the most traded stock by value on a year-to-date basis was still CSCS Plc with the sale of 687.7 million units for N14.3 billion, VFD Group Plc was in second place with 27.7 million units worth N7.4 billion, and FrieslandCampina WAMCO Nigeria Plc was in third place with 14.4 million units valued at N1.7 billion

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Equity Market Falls 0.09% as Investors Lose N25bn



equity market size

By Dipo Olowookere

Trading activities remained in the bearish region on Wednesday on the floor of the Nigerian Exchange (NGX) Limited despite the upbeat about the listing of Geregu Power Plc on the exchange.

The local equity market depreciated by 0.09 per cent yesterday as a result of the persistent profit-taking triggered by inflationary pressures as investors leave the market for other assets that can give them returns closer to the 20.52 per cent inflation rate.

When the market closed for the session, the All-Share Index (ASI) decreased by 43.04 points to 48,836.70 points from 48,879.74 points as the market capitalisation dwindled by N25 billion to N26.354 trillion from N26.379 trillion.

The industrial goods space remained flat for another trading day, while the insurance counter closed higher by 0.21 per cent, with the banking, energy and consumer goods sector depreciating by 0.98 per cent, 0.27 per cent and 0.18 per cent, respectively.

Cadbury Nigeria recorded the highest fall as its value went down by 9.93 per cent to N12.25, Northern Nigerian Flour Mill declined by 9.33 per cent to N6.80, PZ Cussons fell by 9.19 per cent to N8.40, Cornerstone Insurance retreated by 8.93 per cent to 51 Kobo, and Unity Bank lost 6.82 per cent to trade at 41 Kobo.

The highest price gainer for the midweek session was the new boy, Geregu Power, as its share value rose by 10.00 per cent to N110.00. Multiverse gained 9.88 per cent to sell for N4.45, Red Star Express appreciated by 9.43 per cent to N2.32, Sovereign Trust Insurance chalked up 8.00 per cent to quote at 27 Kobo, and Japaul garnered 7.69 per cent to settle at 28 Kobo.

The most active stock for the day was Chams, which sold 25.5 million units worth N7.4 million and was trailed by GTCO, which sold 19.5 million units valued at N341.0 million. Sterling Bank transacted 9.9 million shares for N15.2 million, Geregu Power traded 8.5 million equities worth N935.0 million, and Transcorp exchanged 7.2 million stocks for N7.5 million.

At the close of business, the market recorded the sale of 135.5 million stocks worth N2.2 billion in 4,041 deals compared with the 173.5 million stocks worth N2.4 billion traded in 4,926 deals on Tuesday, representing a decline in the trading volume, value and number of deals by 21.87 per cent, 7.12 per cent and 17.97 per cent, respectively.

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Naira Appreciates to N733/$1 at Black Market, Weakens to N437.50/$1 at I&E



Bitcoin Naira

By Adedapo Adesanya

The exchange rate of the Naira to the American Dollar at the black market closed at N733/$1 at the black market, data obtained by Business Post from foreign exchange (forex) traders on the streets showed.

On the previous day, the Naira was exchanged with the United States currency at N740/$1, indicating that the local currency appreciated within 24 hours against its American counterpart by N7.

Also, in the Peer-to-Peer (P2P) segment of the FX market, the Naira appreciated against the US Dollar yesterday by N2 to close at N747/$1 in contrast to the previous day’s value of N749/$1.

However, in the Investors and Exporters (I&E) window of the market, the Nigerian currency depreciated against the greenback in the midweek session by 47 Kobo or 0.06 per cent to settle at N437.50/$1 compared with Tuesday’s value of N437.03/$1 as forex traders executed transactions valued at $70.42 million during the session.

In the same vein, the domestic currency suffered losses against the Pound Sterling and the Euro in the interbank segment of the market on Wednesday.

On the Pound Sterling, the indigenous currency lost N21.64 to trade at N491.52/£1 versus the previous day’s N469.88/£1 and against the Euro, it lost N9.16 to close at N429.91/€1 compared with Tuesday’s rate of N420.75/€1, according to data from the Central Bank of Nigeria (CBN).

Meanwhile, in the digital currency market, bullishness continued in Bitcoin (BTC) as the coin added 1.3 per cent toits value to trade at $20,386.63, with Ripple (XRP) recording a 5.4 per cent gain to sell at $0.5016.

Ethereum (ETH) appreciated by 1.8 per cent to sell at $1,376.18, Dogecoin (DOGE) gained 1.5 per cent to trade $0.0659, Solana (SOL) recorded a 1.1 per cent rise to sell at $34.41, Cardano (ADA) recorded a 0.7 per cent climb to quote at $0.4354, as Binance Coin (BNB) also recorded a 0.7 per cent appreciation to trade at $296.48.

However, Binance USD (BUSD) recorded a 0.05 per cent depreciation to settle at $0.9999, Litecoin (LTC) declined by 0.02 per cent to $54.80, while the US Dollar Tether (USDT) closed flat at $1.00.

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