If you’re still waiting for Nigerian stocks to “come back down” before you enter, 2026 may humble that thinking in a way that feels very personal.
Dangote Refinery is preparing to list. Seplat has crossed ₦10,500.
GTCO is paying record dividends.
A new class of Nigerian millionaires is being created in plain sight.
But many people will still miss it. Because the mind keeps whispering, “Seplat was ₦3,500 last year, this price is too high.” That one thought has cost people more than bad investments.
Let’s make it simple.
₦5m invested in Seplat at ₦3,500 gave about 1,428 shares. At ₦10,450 today, that is about ₦14.9m. Nearly ₦10m gain in 15 months, excluding dividends. But it wasn’t by chance. Production and value increased, margin and revenues grew, capacity expanded. These companies are earning in dollars while the naira adjusts. Price simply followed reality.
What most people are fighting is not the market, it’s memory. In Economics, it’s called anchoring. ₦10,500 Seplat feels high because you remember ₦2,000. But the business has moved forward.
A rising price does not always mean a bubble. Sometimes it means the business has become stronger, earnings have grown, and value has finally caught up.
Yesterday’s price isn’t today’s price.
Yes, prices will still move.
Global fear, currency pressure, and sentiment can pull markets down for a season. But strong businesses rarely stay down for long.
So the real question is no longer,
“What will this stock do next week?”
It becomes, “Over the next three to five years, is this still a strong business worth owning?”
How to apply this
1. Study the business, not price only
2. Focus on profits, dividends, debt, and management quality
3. Buy strong businesses in bits, not emotionally
4. Keep some cash for market dips
5. Think in years, not weeks
Nothing grows where it is hidden.
Money, like seed, must be planted to multiply.
“Whoever sows sparingly will reap sparingly.” – 2 Corinthians 9:6
