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…
Donald Atunwa's journey is remarkable—not just for its success but for how he is planning the future. Like many other billionaires, Donald’s story began humbly. Born into a family of cocoa farmers, his father insisted on giving him a formal education. As fate would have it, Donald entered the oil industry during its boom years.…
The real estate world is dynamic, and ever-changing, and has opportunities for those ready to explore. Whether you're a first-time homebuyer, a seasoned investor, or looking to sell your property, understanding the current trends and strategies in the market is essential to make informed decisions. Buying a home in Nigeria can be both exciting and…
Nigeria faces a significant housing deficit, with millions of people lacking access to decent, affordable homes or any housing. This shortage is especially pressing in urban areas, where rapid population growth has outpaced the development of adequate housing, especially in one of the busiest commercial hubs in Africa i.e. Lagos State. Addressing this challenge requires…
Domestic Foreign Currency-Denominated Bonds (DFCBs) are debt financial instruments issued by a domestic entity (such as corporations or governments), within the local market but denominated in a foreign currency. These bonds are governed by the domestic market’s regulations and are typically aimed at local investors, providing exposure to international currencies like the U.S. dollar (USD)…
A Right Issue means an offer of securities by an issuer to its shareholders at a particular date, usually in proportion to their existing holdings. You can read more about it in our Rights Issue Article. Although an equity right issue is more common in practice, right issues can either be debt or equity issues.…
A public offer is a process by which a company raises capital by offering its securities, such as stocks or bonds, to the general public. This type of offering allows anyone, including individual and institutional investors, to purchase the securities. Public offers are typically conducted through a stock exchange or over-the-counter markets and are subject…
