Fidson Healthcare Plc has reported a full-year pre-tax profit of N7.5 billion in its recent unaudited financial report, published on the Nigerian Exchange (NGX) on January 30, 2025.
This represents a 27.31% increase from the N5.9 billion reported for 2023, highlighting the company’s strong financial performance despite economic headwinds.
Strong Fourth-Quarter Performance
Fidson Healthcare’s fourth-quarter pre-tax profit surged by an impressive 282.35% to N2.3 billion, compared to N627 million in the same quarter last year. This substantial growth reflects improved operational efficiencies and higher sales volumes across key product categories. Revenue for the quarter also saw a remarkable increase, rising by 92.96% to reach N24.4 billion, compared to N12.6 billion in Q4 2023. This growth was largely driven by an uptick in demand for ethical goods and Over-The-Counter (OTC) products.
Full-Year Revenue Breakdown
For the full year 2024, Fidson Healthcare’s total revenue surged by 58.70%, climbing from N53 billion in FY 2023 to N84.1 billion. Ethical goods accounted for N55 billion, representing 65% of total sales, while OTC products contributed N26.3 billion, or 31.3% of total revenue. Consumer Healthcare Products made up the remaining N2.8 billion, underscoring Fidson’s diversified revenue streams and its ability to capture a broad consumer base.
Despite the impressive revenue growth, the company also faced rising operational costs. The cost of sales increased by 54.09% year-over-year, reaching N49.2 billion, up from N31.9 billion in the previous year. Much of this increase was attributed to higher production costs associated with ethical and OTC goods.
However, Fidson’s gross profit surged to N34.9 billion, reflecting a 65.69% year-over-year increase from N21 billion. This improvement was driven by strategic pricing, cost efficiencies, and increased sales volume.
While Fidson experienced strong revenue and profit growth, the company also saw a rise in administrative and distribution costs. Administrative expenses increased by 33.31% year-over-year, while selling and distribution expenses climbed 46.37%. Sales expenses accounted for 53.4% of the total selling and distribution costs, while logistics made up 39.0%. These increases were linked to expanded marketing efforts and higher distribution expenses, reflecting the company’s efforts to consolidate its position in the market despite inflationary pressures.
Operating profit for FY 2024 stood at N12.9 billion, marking a 62.17% increase from N7.9 billion in the previous year. However, finance costs rose significantly by 161.38% year-over-year to N5.4 billion, largely due to higher interest expenses on loans and financial liabilities. At the same time, finance income also saw a significant boost of 160.87%, reaching N60 million, compared to N23 million in 2023, primarily from interest earned on loans and receivables.
Ultimately, Fidson Healthcare reported a full-year pre-tax profit of N7.5 billion, reflecting a 27.31% increase from N5.9 billion in FY 2023.
Asset Position and Financial Stability
Fidson Healthcare’s total assets grew significantly in FY 2024, reaching N73.3 billion, up from N61.9 billion in the previous year. This increase highlights the company’s strategic investments in infrastructure, inventory expansion, and financial stability. Non-current assets for the year amounted to N25.6 billion, compared to N23.7 billion in 2023, with property, plant, and equipment making up a substantial portion at N24.8 billion. The growth in non-current assets indicates the company’s commitment to expanding production capabilities and improving operational efficiency.
Current assets also saw a notable increase, rising to N47.6 billion from N38.2 billion in the previous year. This growth was driven by rising inventories, which totaled N23.9 billion, and prepayments, which stood at N12.5 billion.
The Nigerian pharmaceutical sector has faced considerable challenges in recent years, with several multinational players exiting the market due unfriendly business environment significantly marked by the country’s foreign exchange crisis. The departure of companies like GlaxoSmithKline left a significant gap in the industry.
However, local pharmaceutical manufacturers such as Fidson Healthcare have moved swiftly to fill the void, strengthening domestic production and supply. Fidson’s strong financial growth in 2024 is seen as a sign that the sector is beating the country’s economic turbulence.
Good People, I am super excited that Shoptreo, a Tekedia Capital portfolio company, has selected partners for the manufacturing of shoes under the Treo brand. Shoptreo is Nigeria’s largest B2B shoe marketplace, supplying bulk buyers of shoes across West Africa and all the way to Jamaica shoes designed and produced in Aba and Ibadan. I want to commend Emmanuel and George for how they have executed this mission. I also want to thank our American friends who recently invested in them making it possible for the next level of growth to begin.
Good People, are you wearing Treo? Hahaha – for me and the Tekedia Nation, everywhere we go, we’re on Treo. We expect about 1,000 new jobs to be created this year on this playbook. The tailoring vertical will come…for tailors.
Shoptreo is also a digital finance company which funds working capital for manufacturers in its ecosystem. If you are in Aba and Ibadan and want to join, go here shoptreo.com because Shoptreo will give you orders and provide capital to help you execute it. But of course, you must sabi how to make great shoes.
Trade war concerns due to Donald Trump’s recent tariff decisions have caused Bitcoin to tumble from its $100K support. As the world’s biggest cryptocurrency has pushed all other tokens down, the hunt to find the best crypto to buy now has started.
Investors are now looking at assets with high utility that could give them long-term profit while also being capable of attaining short-term virality.
This guide will provide a list of assets that meet these requirements. Some of the following altcoins are recently listed on exchanges while others are still on presale and may present the best early-moving opportunities for 2025.
Best Crypto to Buy Now – Top 7 List
Bitcoin
While Donald Trump’s trade war against Canada and Mexico has pushed the entire crypto market into volatile zones, there are few who believe that Bitcoin can still reach $250,000. Tom Lee, the head of research at Fundstrat, has given a bullish year-end target for BTC.
According to Lee, even though there is a possibility for Bitcoin to correct to $70K, that level will act as a strong support for the world’s leading crypto.
And once this “short-term correction” is over, Lee thinks that Bitcoin will rise to the $250K mark by the end of the year.
Bitcoin is hovering around the $95K mark at the time of writing, with the $88K-$90K zone acting as its crucial resistance. A drop below that could drop the Bitcoin value enough for it to find support at Tom Lee’s predicted $70K mark. However, it is likely that a panic rally will hit soon.
This panic rally would make BTC a suitable short-term investment as, if history is any indication, the rally will likely push BTC to the above $100K level again.
Long-term investors should hold off on buying and wait for BTC to hit new lows to find the right entry level to maximize their gains.
Best Wallet Token
Best Wallet Token stands out as a token available on presale while being tied to an already existing project. Best Wallet is one of the best cryptocurrency wallets on the market, offering perks far beyond the standard perks of storing and swapping crypto.
The wallet also offers a way to buy and sell crypto via popular cryptocurrency exchanges. Its OnRamp integration allows investors to spend fiat to buy cryptocurrencies. Furthermore, it also offers staking opportunities for those who want to hold and earn crypto.
The best utility of this crypto wallet that has been getting attention recently, however, is the Upcoming Token feature. This feature is akin to a launchpad of ICOs, allowing investors to buy presale cryptos before they are made available to the public.
This simple utility has allowed this crypto ICO to raise upwards of $9 million to date.
YouTubers like ClayBro have admitted to using the wallet and have applauded the integration of the Best Wallet Token that comes with it.
With publications like The Economic Times projecting massive growth for Catslap in 2025, adding this cat-themed crypto to this “Best crypto to buy now” list is almost a given. After making bullish waves following its fair launch on Uniswap, Catslap has continued to generate interest in the cryptocurrency market, even though its price has been subject to the market’s volatility.
What makes Catslap a standout meme coin project is its focus on both utility and meme-centricity. The official website is very interactive, designed to let visitors slap chosen memes for fun. A P2E mechanic has been integrated in which connecting the wallet and then initiating the slaps allows users to earn rewards.
Furthermore, the slap mechanism has been integrated with a “buyback and burn” mechanic in which the number of tokens equivalent to the total number of slaps are burned in order to limit the supply. A recent $1 million burn further limited the number of SLAP tokens available.
Catslap also boasts staking perks, allowing SLAP holders to earn additional rewards. However, one of the latest tweets has revealed that staking will be removed soon. Whether another utility will come to replace it is not yet clear.
Overall, Catslap could potentially be a good buy for those seeking good meme coins to invest in.
While Solana continues to dominate the market as the most used blockchain on the planet, it has a long list of shortfalls that need to be addressed. For one, there is the congestion issue, and network downtime is another.
Solaxy is a project that has emerged with an innovative solution to this problem. It simply provides the world’s first Layer 2 solution for the Solana blockchain. The goal here is to implement a roll-up architecture to bundle the transactions to complete them quickly.
This approach will reduce network congestion, paving the way for Solana to realize its potential. Another perk that Solaxy offers is a customizable blockchain to help developers create diverse applications.
The end goal here is to provide an ecosystem on which more meme coin projects can be created. From the imagery, it is clear that Solaxy aims to create something akin to a meme coin galaxy within Solana’s ecosystem. A wise choice, considering Solana has been in the conversation among developers and meme coin enthusiasts because of the many SOL-based meme coins that have emerged in the past.
This utility is not merely a promise either, as the developers have been transparent and proactive in providing all updates on the official website itself. According to the latest update, the Solaxy team is in the process of partnering with the Hyperlane team to create a bridging infrastructure.
Furthermore, testing has started and the optimistic mode is being refined before launch.
The project has raised over $17 million so far. Those interested can visit the official website and invest in this project today.
Despite the ongoing downturn, the PEPE token maintains a market cap of over $4 billion, demonstrating the continued strength of Pepe themes. Wall Street Pepe aims to harness and strengthen this community to democratize the meme coin market.
The name Wall Street Pepe pays homage to the Reddit group WallStreetBets. Just as that group challenged traditional market dynamics and created challenges for hedge funds shorting GameStop, Wall Street Pepe aims to empower retail investors in the meme coin space.
Wall Street Pepe focuses on reducing the dominance of market movers, developers, and whales in the meme coin market by establishing a WEPE Army. Members will receive exclusive trading alpha calls and market insights.
As the community grows, Wall Street Pepe plans to expand its use cases, including organizing trading competitions.
Having raised over $67 million so far, Wall Street Pepe has become the largest meme coin presale to date. Interested investors can explore the project and its benefits on the official website.
Although the recent market downturn has dropped the value of AI agent coins, as evident by the fact that their collective market cap is just over $6 billion, the artificial intelligence narrative is still strong.
The narrative has now strengthened with the ongoing battle between DeepSeek and ChatGPT, making AI agent coins some of the best cryptos to buy right now.
Among the best AI agent coins on the market right now is Mind of Pepe.
Showcasing a body of cyborg and a head of a Pepe, Mind of Pepe has been designed as a self-sovereign AI agent. According to the official website, this AI agent leverages real-time intelligence and hive-mind analysis to assess the cryptocurrency market and unveil the best early moving opportunities.
Users will also be able to leverage Mind of Pepe to gain market insights.
Furthermore, Mind of Pepe will also be able to interact with its followers on Twitter and spark conversations around cryptocurrencies. Other perks that Mind of Pepe has highlighted on the official website include creating and deploying one’s own cryptocurrency easily.
Despite these long-term use cases, Mind of Pepe does retain its signature meme-atic appeal, giving the project short-term value and long-term profit potential.
Meme Index could be the best crypto to buy now for meme coin investors wanting to invest in a lot of meme assets in one go. Designed as the world’s first decentralized meme coin index, Meme Index offers four different indices with varying levels of volatility.
At the top is the Meme Titan Index, an index with top meme coins, assets that are considered (relatively) safe.
Next is the Moonshot Index, which contains assets that are just short of becoming the top cryptocurrencies on the market. These assets have a high market cap but are yet to make their way to a tier-1 exchange.
Midcap Index contains highly volatile cryptocurrencies but has a market cap of $50 million to $250 million.
The final index is the Meme Frenzy Index. First of its kind and only containing meme coins that arrive and leave too soon, this index is designed for true degens.
The decentralized nature of these indices comes from MEMEX, the DAO crypto native to Meme Index. MEMEX holders will get to decide which tokens to add and remove from the index, and gain staking perks.
While Meme Index focuses on utility, it is not beyond poking fun at the current market conditions. Simply put, Meme Index remains a meme coin despite so many benefits.
With the cryptocurrency space in disarray due to socio-political conditions going haywire, the best crypto to buy now is one that is insulated from the market. This is one reason why most of the tokens listed in this article are on presale.
Best Wallet offers robust utility, Solaxy has the best perks, Mind of Pepe has the AI agent narrative, while Meme Index helps in diversifying meme coin investments. Wall Street Pepe has created a strong community while Catslap is currently making waves as a cat-themed crypto.
Other than these assets, Bitcoin, despite the current market conditions, is a good buy. However, those who are interested should wait for it to reach new lows.
OpenAI, an Artificial Intelligence research organization, has announced the roll-out of a new AI-powered feature called “Deep Research” with ChatGPT, to assist users in handling complex tasks.
Deep research uses reasoning to synthesize large amounts of online information and complete multi-step research tasks for users. This feature is available to Pro users today, with subsequent roll-out to Plus and Team users. Also, it is available on the ChatGPT web and will be rolled out to mobile and desktop apps within the month.
Announcing the launch of the feature, OpenAI wrote via a blog post,
“Today we’re launching deep research in ChatGPT, a new agentic capability that conducts multi-step research on the internet for complex tasks. It accomplishes in tens of minutes what would take a human many hours. Deep research is OpenAl’s next agent that can do work for you independently–you give it a prompt, and ChatGPT will find, analyze, and synthesize hundreds of online sources to create a comprehensive report at the level of a research analyst.
“Powered by a version of the upcoming Open Al o3 model that’s optimized for web browsing and data analysis, it leverages reasoning to search, interpret, and analyze massive amounts of text, images, and PDFs on the internet, pivoting as needed in reaction to information it encounters. The ability to synthesize knowledge is a prerequisite for creating new knowledge: For this reason, deep research marks a significant step toward our broader goal of developing AGI, which we have long envisioned as capable of producing novel scientific research”.
OpenAI disclosed that “Deep Research”, was launched to assist people who do intensive knowledge work in areas like finance, science, policy, and engineering and need thorough, precise, and reliable research. This new feature aims to streamline complex, time-intensive investigations by autonomously exploring and consolidating insights from across the web. Beyond professional use, Deep Research is also tailored for discerning shoppers who require hyper-personalized recommendations for major purchases such as cars, appliances, and furniture.
What sets Deep Research apart is its ability to provide fully documented outputs, complete with clear citations and a detailed summary of its reasoning process. This ensures transparency, making it easy for users to reference and verify information. The tool excels at uncovering niche, non-intuitive details that typically require browsing multiple sources, ultimately saving users significant time and effort. To achieve this level of sophistication, Deep Research was trained on real-world tasks that require web browsing and Python-based data analysis.
It builds on the reinforcement learning techniques used to develop OpenAl’s first reasoning model, o1, which has demonstrated exceptional capabilities in coding, mathematics, and other technical fields. While o1 excels at logical problem-solving, many real-world challenges involve sifting through vast amounts of information across different sources.
Deep Research bridges this gap, combining advanced reasoning with extensive contextual analysis to tackle complex questions effectively. In an internal evaluation of expert-level tasks across a range of areas, deep research was rated by domain experts to have automated multiple hours of difficult, manual investigation. The rollout of Deep Research gives OpenAI a significant competitive edge, especially in the light of competing AI models like DeepSeek.
Looking further ahead, the startup disclosed that it envisions agentic experiences coming together in ChatGPT for asynchronous, real-world research and execution. The combination of deep research, which can perform asynchronous online investigation, and Operator, which can take real-world action, will enable ChatGPT to carry out increasingly sophisticated tasks for users.
OpenAI has launched a new artificial intelligence tool called deep research, designed to assist professionals with complex research tasks in fields like finance, science and policy. Available with ChatGPT Pro for up to 100 queries per month, the AI agent competes with similar services from companies like Google, which recently debuted a feature with the same name. Meanwhile, OpenAI on Monday announced a new joint venture with SoftBank, starting with businesses in Japan.
Palm oil business is the new fintech except that it comes with real PROFITS, not just valuations. When you read the financial results of Okomu Oil and Presco, you will understand where the value is located right now in Nigeria. Today, Presco continues the spectacular results:
“Presco Plc has recorded an exceptional financial performance for the 2024 fiscal year, reporting a staggering N128 billion pre-tax profit, marking a 156.05% increase from the N50 billion recorded in 2023. The palm oil producer’s latest financial results, released on January 31, 2025, show robust growth across key metrics, with revenue, profits, and asset valuation all reaching new highs.”
The palm oil category has outperformed many banks in the country and you are right to anoint it as the new gold and bitcoin. Tekedia Capital is looking for builders in this space: Simply, the data looks great, and agro-allied & agro-processing companies in Nigeria have promises. Indeed when no one can find US dollars to import food items, and We The People must still eat, the local products will have moments. Indeed, this is a moment for agro in Nigeria, and young people should get into it.
With cosmetics, makeup, etc becoming a norm in the beauty space, palm oil is the new gold. You cannot produce enough palm oil these days because everyone needs it to create makeup. Tekedia Capital stands with farmers, agro-allied startups like Vetsark, Winich Farms, etc we have invested in. We want more because palm oil is the agro-bitcoin when you look at the profits these companies are declaring.
Are you building the new Presco? We want to know at Tekedia Capital capital.tekedia.com.
