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.