A couple of weeks ago, my friend Becca called, and her excitement was palpable over the phone. “I’m going to be rich!” she exclaimed. “What do you mean?” I replied, half-joking. “What Ponzi scheme have you been involved in this time?” She laughed and said, “No schemes this time. My mum asked me to sign…
Meristem Securities Limited has announced the retirement of its Group Managing Director, Wole Abegunde, after twenty-one years of distinguished service and upon attaining the retirement age of sixty. Under Wole’s Wole Abegunde’s leadership, Meristem evolved into one of the most respected financial institutions in the industry, experiencing significant growth and developing innovative solutions for its…
In today's fast-paced business environment, acquiring assets can be a significant financial undertaking. Traditional methods of financing, such as outright purchases or bank loans, often come with limitations. Finance leases offer a flexible and advantageous solution that can help businesses optimise their asset acquisition strategies. What is a Finance Lease? A finance lease is a…
Meristem is proud to announce that we have been honoured with the Great Place to Work Award for the second consecutive year. This globally recognised award is given to organisations that excel in creating work environments where employees feel engaged, valued, and empowered. Based on employee feedback and a rigorous evaluation process conducted by the…
Continued from Episode 3… The following weekend, the family gathered once again, this time for a more formal meeting with Lucas. The discussion about family governance continued, and this time they were digging deeper into the details. Sophia, always practical, asked, “Isn’t family governance mainly about money, though?” Justina shook her head. “No, it’s much…
Let’s face it, estate planning can feel like navigating a minefield. One misstep and your estate is caught in a web of legal disputes, family feuds, or lost assets. At Meristem Trustees Limited, we aim to handhold you on this journey, helping you steer clear of these common pitfalls, so you can secure your legacy…
Continued from Episode 2… It was a warm evening at the Atunwa residence, and the family gathered for a casual dinner. Bianca, Donald’s wife and CEO of Donanca Construction, had just returned from a business trip and joined them at the table. Tonight, they welcomed a new guest: Lucas, a senior family advisor from the…
It's undeniable that one of the allures of estate planning is the freedom to give whomever you want, whatever you want, and whenever you want. This testamentary freedom is hinged on the certainty that a Will or Trust confers. However, it's important to remember that Nigeria's diverse cultural and religious landscape means there's a plethora…
Continued from Episode 1... After Justina’s explanation, Henry asked, “Who exactly should be involved in family governance discussions? Just us?” Before she could respond, Frank, Donald’s second son and the CEO of Frankish, Nigeria’s fastest-growing fast-food chain, jumped in. “I run a company, and we involve key players in big decisions. Shouldn’t a family be…
A funding round is the process where companies, majorly startups seek to grow their business operations by raising external financing in exchange for equity. It is also referred to as Round Financing or Venture Round. According to Mark Suster, the single biggest mistake founders make is waiting until they have too little cash in the…