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CONSULTING & FINANCIAL ADVISORY
Tax | Audit | Accounting | Investment Advisory
Helping you build wealthy legacies because smart financial moves start here…

📧[email protected]

In 2026, financial statements have to do more than satisfy year-end compliance requirements.They should help a business ...
02/10/2026

In 2026, financial statements have to do more than satisfy year-end compliance requirements.

They should help a business understand its financial position, assess performance and make better decisions.

That starts with four key areas:
✔️Financial position: What does the business own, what does it owe, and what is left for its owners? This is reflected through assets, liabilities and equity.
✔️Financial performance: Is the business generating enough revenue to cover its expenses and produce a profit? The income statement helps show how that performance is developing over time.
✔️Cash flows: A profitable business can still face cash pressure. Understanding cash generated from operations, investments and financing helps reveal how money is actually moving through the business.
✔️Liquidity and obligations: Can the business meet its short-term commitments? Current assets, current liabilities and financing obligations provide important context for this.

The goal is not simply to have accurate numbers on paper.

The goal is to have financial information that helps management understand what is happening in the business — and make decisions based on it.

Independence is more than a date on the calendar. It is a reminder of what becomes possible when people, businesses and ...
01/10/2026

Independence is more than a date on the calendar. It is a reminder of what becomes possible when people, businesses and institutions build with purpose.

As Nigeria marks another year of independence, we celebrate the resilience, ambition and enterprise that continue to shape our economy.

The future of Nigeria’s growth will be built not only by policy, but by businesses that make sound decisions, create value and remain positioned for the long term.

Happy Independence Day, Nigeria. 🇳🇬

A new month is a good time to look beyond activity and think about what that activity is building.May this month bring b...
01/10/2026

A new month is a good time to look beyond activity and think about what that activity is building.

May this month bring businesses more than increased revenue on paper. May it bring healthier margins, stronger cash positions, better financial visibility and a balance sheet that reflects sustainable growth.

Here’s to a month of deliberate decisions, stronger financial outcomes and room for businesses to grow with confidence.

Happy New Month from MyAnchor Consulting.

Nigeria’s public debt has risen to ₦166.79 trillion.For businesses, the headline is not simply the size of the debt. The...
30/09/2026

Nigeria’s public debt has risen to ₦166.79 trillion.

For businesses, the headline is not simply the size of the debt. The bigger question is what increased government borrowing means for the wider financing environment.

As government borrowing draws more heavily on the domestic market, businesses may face greater competition for available capital, elevated borrowing costs and tighter financing conditions.

For business owners planning expansion, investment or refinancing, understanding the cost and structure of capital becomes increasingly important.

The financing environment is changing. Business decisions need to account for it.

28/09/2026

A business can be ready for growth and still be unprepared for what growth demands.

As a business expands, the capabilities that supported its current stage may no longer be enough. Talent needs can change, technology evolves, and new tools such as AI can reshape how work gets done.

Growth, therefore, is not only about identifying opportunities. It is about building the organisational capacity, people, systems and capabilities required to sustain them.

For businesses planning their next stage, strengthening internal capacity should be part of the growth strategy, not an afterthought.

Exchange-rate movements can influence much more than the cost of foreign currency.For Nigerian businesses with foreign-c...
25/09/2026

Exchange-rate movements can influence much more than the cost of foreign currency.

For Nigerian businesses with foreign-currency exposure, a change in the naira’s value can affect the naira value of foreign-currency assets and liabilities, the cost and value of transactions, and ultimately how financial positions are reflected in the accounts.

This means a business can see significant changes in reported figures even when there has been no corresponding change in its underlying operations.

Understanding the nature and size of the exposure helps businesses interpret these movements correctly, manage FX-related risks, and make better financial decisions.

Want to understand how exchange-rate movements are affecting your business? Contact us via https://myanchorcon.com or [email protected]

23/09/2026

Growth doesn't always require more sales, more people, or more infrastructure.

Sometimes, the greater opportunity lies in improving how much the existing business can produce from the resources already in place.

When output begins to require disproportionately more time, cost, or effort, the question shifts from “How do we grow?” to “How efficiently are we using what we already have?”

For businesses navigating rising operating costs and increasing competitive pressure, productivity can become a significant lever for sustainable growth.

How much more output could the existing business infrastructure produce?
Share your thoughts in the comments.

Growth doesn't always require more sales, more people, or more infrastructure.Sometimes, the greater opportunity lies in...
23/09/2026

Growth doesn't always require more sales, more people, or more infrastructure.

Sometimes, the greater opportunity lies in improving how much the existing business can produce from the resources already in place.

When output begins to require disproportionately more time, cost, or effort, the question shifts from “How do we grow?” to “How efficiently are we using what we already have?”

For businesses navigating rising operating costs and increasing competitive pressure, productivity can become a significant lever for sustainable growth.

How much more output could the existing business infrastructure produce?
Share your thoughts in the comments.

21/09/2026

A business does not become resilient simply by controlling what happens within its own four walls.

The greater risk can sit within the relationships and dependencies the business relies on to operate; a key supplier, a major customer, or an imported input that has limited alternatives.

When any of these becomes too critical to the business, a disruption can quickly become a financial issue.

Resilience therefore requires more than cost control. It requires understanding where the business is most dependent, what those dependencies could cost, and whether practical alternatives exist.

Nigeria’s banking sector has greater capacity to lend, but that capacity does not automatically translate into access to...
18/09/2026

Nigeria’s banking sector has greater capacity to lend, but that capacity does not automatically translate into access to capital for every business.

By March 2026, 33 of 37 banks had met the new capital requirements. Private-sector credit also grew by about 20% in 2025, according to the IMF’s 2026 Nigeria assessment.

For mid-sized businesses, this points to a potentially stronger financing environment. However, lenders still need to assess the strength of the business, its financial position, repayment capacity and the quality of information available for decision-making.

This makes financial preparedness increasingly important.

Businesses seeking debt financing should be able to clearly demonstrate where the business stands financially, how additional capital will be deployed, and how the financing will be serviced.

The opportunity may be available. Preparation determines whether a business is ready to engage with it.

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7, Oremeji Street
Lagos
100001

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