Nigeria's Season of Profits By The Best Companies
In the recent episode of Tekedia Daily podcast hosted at Blucera.com, I look at the season of asymmetrical profits by blue chip companies in Nigeria. Good People, the Nigerian private sector is currently experiencing an unprecedented period of growth and profitability, particularly among its blue-chip companies. This positive trend is clearly demonstrated by the impressive financial results of major players like BUA Foods, BUA Cement, Presco, Okomu Oil, and MTN Nigeria, all of whom have reported significant year-on-year increases in profits, with some even turning substantial losses into considerable gains.
Several factors are driving this remarkable performance. Firstly, intense competition has led to a “survival of the fittest” scenario, where the most dominant companies are consolidating their market positions and capturing the lion’s share of value. These “category kings” are effectively leveraging their scale and influence to dominate their respective industries....
This is a global trajectory, and it has hit Nigeria: win or go home with gold; there is no silver or bronze. The fittest companies are eating the WHOLE cakes!
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