Overseas Realty launches Havelock City Residences

Overseas Realty (Ceylon) PLC said it has launched the development of Havelock City Residences, the fifth and final phase of Havelock City, bringing the vision of one of Colombo’s iconic integrated mixed-use projects closer to completion.

The official launch of Havelock City Residences was celebrated at a glamorous launch event held on 29 October 2026 at Hilton Colombo, attended by an exclusive gathering of invited guests.

Demonstrating strong market confidence even before its official launch, 50 % of the apartments had already been pre-sold, reflecting the continued appeal of Havelock City’s distinctive proposition- a premium residential environment combining space, greenery, connectivity, and an integrated urban lifestyle.

Set across 18 acres, Havelock City is distinguished by seven acres of beautifully landscaped gardens-the largest single enclosed green space in Sri Lanka. Designed by award winning global design firm P and T Group, Singapore, Havelock City Residences offers spacious two-, three-, and four-bedroom apartments, alongside expansive penthouses, thoughtfully planned to maximize natural light, ventilation, privacy, and views.

Residents benefit from an extensive range of recreation facilities and lifestyle amenities including landscaped walking and jogging paths, gymnasiums, squash courts, banquet halls and dedicated spaces for socializing and relaxation. The curated assisted living concept further enhances the development, promoting accessibility, independence, safety, security and peace of mind through every stage of life.

With Havelock City Mall and Mireka Office Tower integrated within the development, residents enjoy convenient access to shopping, dining, entertainment, and everyday essentials. This seamless integration of residential, commercial, and lifestyle experiences makes Havelock City a distinctive address for those seeking the convenience of city living without compromising on space and tranquility.

, Director and Group Chief Executive Officer Pravir Samarasinghe said: ‘The launch of Havelock City Residences marks a defining milestone in our journey to realize the vision of Havelock City as Colombo’s most sought-after integrated living destinations.

As the fifth and final phase, Havelock City Residences brings this vision to its culmination, offering homeowners a rare combination of space, greenery, connectivity, and contemporary luxury within an established community. We are proud to bring this final chapter to market and look forward to welcoming more elite residents to the Havelock City community.’

Developed by Overseas Realty Ceylon PLC, the company behind Havelock City and the iconic World Trade Center Colombo, Havelock City Residences builds on a legacy of creating landmark real estate developments in Sri Lanka. The project is professionally managed by Realty Management Services, a wholly owned subsidiary, providing ongoing property management and hassle-free rental and resale support services.

As the final phase of Havelock City, the development presents a golden opportunity and a last chance for homeowners and investors to become part of an exclusive residential community, with the benefits of an integrated lifestyle. The project is expected to be completed in November 2030.

Kano Assembly to screen Sanusi Bature, Balarabe Gani as commissioners

Kano State Governor, Abba Kabir Yusuf, has nominated his spokesperson, Sanusi Bature Dawakin Tofa, and Hon. Balarabe Sa’idu Gani for appointment as commissioners in the state.

The governor has forwarded the names of the two nominees to the Kano State House of Assembly for screening and confirmation.

The Speaker of the Assembly, Jibril Isma’il Falgore, announced the nominations during plenary on Monday after reading a letter from the governor.

Falgore said the screening exercise would take place on Tuesday, November 3, 2026, at 10:00 a.m.

He explained that the exercise would be conducted in line with the provisions of the Constitution of the Federal Republic of Nigeria.

Sanusi Bature currently serves as the Director-General of Media and Publicity at the Kano State Government House and as spokesperson to Governor Yusuf.

His nomination comes amid the governor’s ongoing cabinet reshuffle, which has seen changes in the composition of the State Executive Council.

The latest nominations follow the screening and confirmation of six commissioner nominees by the Assembly last week.

Among those confirmed were two-time commissioner Aminu Ibrahim Tsanyawa and former Chairman of the Kano State Independent Electoral Commission, Professor Sani Lawan.

Why monetary interests continue to blind schools

This last week has seen hundreds of schools holding dedication days for their primary leaving candidates. This relatively new practice – less than 12 years in the making, looks innocent on the surface, but a lot has been going on behind the scenes.

To the average parent, it looks like a call to go and pray for one’s child and hopefully enable them to succeed in the coming exams. I attended a dedication ceremony recently and realized that much more is at play.

After the formal prayers were concluded, there were school heads from schools parents had never even heard of, or dreamed of sending their learners to. These school heads were laden with gifts, success cards and a speech for the candidates, at which they were being encouraged to consider these their new homes, after January 2027, when the PLE results are in.

The students had been rehearsing for a performance, which they put on to great effect. Two of the headteachers then picked out some of the students and offered them bursaries for senior one to senior four.

Quite the attractive package for parents hustling to find the tuition fees to pay for learners, in this economically bleak times.

But who are these school heads, and why were they at the primary school in the first place? The answer lies far from the amphitheater where all these events were happening. The secondary schools, mostly private entities, are using some of these primary schools as hunting grounds for candidates.

The primary schools appreciate the gesture, as it comes with some revenue from the visitors. The dedication ceremonies represents much needed revenue from the secondary schools in exchange for a platform to lure students for the next learning level.

In some secondary schools, this practice is even more pronounced where some unknown high schools tend to assure senior four candidates of all manner of treasured learning and sports facilities, as well as affordable tuition at these campuses, if the candidates agree to join them for senior five.

This unregulated practice among school heads started over a decade ago as a measure of moving away from the archaic practice, where parents ‘cautioned’ their children against failing their exams, often with threats of severe punishment, if they don’t meet the expected outcome – success. It was reasoned that the students needed more divine help, rather than threats of pain and regret, if they don’t pass.

Dedication days seemed to be going well in the beginning, but when opportunity meets need, a lot of issues can go sideways, if unregulated.

Right now schools looking for students to fill their classrooms at the next learning level have met institutions looking to send their candidates to next academic journey. And some have decided that those in need must pay for the opportunity offered.

Right in the middle are the parents and their children who have no idea that they are part of a lucrative annual transaction. For now, it is too early to worry about who benefits or loses out in this transaction.

NGX listing alone insufficient to assess corporate risks – DataPro

Companies seeking to raise funds from Nigeria’s capital market may need to look beyond stock exchange listing to strengthen investor confidence, as credit ratings provide an independent assessment of their ability to meet financial obligations, particularly when accessing debt financing.

DataPro, a Nigerian credit rating agency, said although companies can list their shares on the Nigerian Exchange Limited (NGX) without obtaining a credit rating, the two serve complementary purposes in helping investors understand businesses, their financial strength and associated risks.

According to DataPro in its Monthly Rating Brief for November, while equity investors acquire ownership interests and typically focus on earnings growth, valuation and potential returns, credit ratings provide an independent assessment of an issuer’s creditworthiness, including its capacity and willingness to meet financial commitments.

The agency said the distinction becomes increasingly important as listed companies diversify their funding sources and seek to raise capital through instruments such as corporate bonds and commercial paper.

A credit rating provides an additional layer of information beyond financial statements, corporate disclosures and historical performance, helping investors assess the financial risks associated with an issuer.

DataPro explained that credit ratings examine factors relevant to a company’s ability to service its obligations, offering a perspective that complements existing information about its business model, competitive position, strategy, governance and cash flows.

However, the agency stressed that a credit rating does not constitute an investment recommendation or replace investors’ assessment of a company’s valuation, growth prospects and overall investment suitability.

Rather, it provides an independent view of an issuer’s financial strength and credit risk, which can help investors make more informed decisions.

The importance of credit ratings becomes more pronounced when companies approach the debt market to raise funds.

In Nigeria, corporate bonds are required to be rated by a rating agency registered with the Securities and Exchange Commission (SEC), making credit ratings an important component of the information available to investors participating in the bond market.

For debt investors, the central consideration is whether an issuer can meet its financial obligations as they fall due, including interest payments and principal repayment.

This differs from the priorities of equity investors, who are generally more concerned with a company’s growth trajectory, profitability and potential shareholder returns.

Despite these differences, DataPro noted that both groups are assessing the same underlying business, making reliable and independent information about its financial position and risks valuable to the broader capital market.

For listed companies, credit ratings can therefore complement existing disclosures and financial statements, particularly as they engage with different categories of investors and explore alternative financing options.

The agency said the broader significance lies in the role credit ratings play in improving market information and supporting investors’ understanding of corporate risk.

As companies increasingly seek to diversify funding beyond equity capital, the distinction between listing and credit rating is expected to remain important in shaping how businesses access Nigeria’s capital market.

Ultimately, stock exchange listing provides companies with access to equity investors, while credit ratings offer an independent assessment of their ability to meet financial commitments.

Both mechanisms serve different purposes but contribute to a more comprehensive understanding of companies, their financial risks, and their participation in the capital market.

Motherhood is starting later, menopause is not

Doctors say late pregnancies reflect fertility treatment and changing lifestyles, not a shift in when women reach menopause.

When she walked into Dr Charles Masiko’s clinic at 45, she was pregnant for the first time. There had been no fertility treatment, no hormones, no procedure. She had simply conceived naturally, at an age when many women are approaching the end of their reproductive years.

Two years later, she is back in his consulting room. At 47, she is pregnant again, and Dr Masiko says this pregnancy, too, was conceived naturally. When the pregnancy was confirmed, he says, she struggled to believe she was expecting another baby. He describes her as a woman who keeps fit and eats well.

Dr Masiko, a gynaecologist at Kawempe National Referral Hospital and La Bridge Hospital in Lusanja, says he is seeing more women starting families later than their mothers did.

A woman of 35 who is only just beginning to have children no longer surprises him. But a pregnancy at 47 raises a question that goes beyond the age at which women are having babies: if motherhood is possible later in life, does that mean menopause is also happening later?

The distinction matters because the ability to carry a pregnancy and the age at which a woman reaches menopause are not the same thing.

What fertility treatment can and cannot do

Safinah Namukwaya’s pregnancies brought that distinction into sharp focus. In 2020, at 64, she gave birth to a baby girl after in vitro fertilisation (IVF) using donor eggs. In November 2023, at 70, she delivered twins, a boy and a girl, through another IVF pregnancy.

Her pregnancies were made possible by fertility treatment, not by her ovaries continuing to release eggs into her seventies. Once a woman has reached menopause, donor eggs can make pregnancy possible if she is medically suitable for treatment and her uterus can carry the pregnancy.

According to Dr Edward Tamale Ssali, director of the Women’s Hospital International and Fertility Centre in Bukoto, Kampala, Namukwaya was the 25th woman above 50 to conceive through IVF at his centre.

The hospital operates an egg-sharing programme through which eggs donated by eligible IVF patients can be used to help other women conceive.

The treatment, however, raises questions beyond the medical possibilities. Uganda has long operated without a specific law governing assisted reproductive technology. The Human Assisted Reproductive Technology Bill, 2023, which was tabled in Parliament in March 2024 to regulate the sector, had yet to become law at the time of reporting.

Namukwaya’s story demonstrates what fertility treatment can achieve, but it should not be confused with a change in the natural ageing of the ovaries.

‘Women are not reaching menopause later,’ says Dr Vincent Karuhanga, a general practitioner at Friends Polyclinic in Kampala. He says the pregnancies that attract attention are better understood as examples of what fertility treatment can make possible, rather than evidence that the age of menopause is changing.

The woman pregnant at 47 presents a different case. Her pregnancies occurred without medical assistance, making them unusual at her age. Dr Masiko says natural conception becomes increasingly uncommon as women grow older, although it is not impossible before menopause. She is not the only one in her family, she says: her sister conceived naturally at 50.

Why women are starting families later

A woman’s natural fertility declines with age as the number and quality of her remaining eggs decrease. As the ovaries age, the likelihood of conception falls, while the likelihood of chromosomal abnormalities in eggs increases. These changes affect both the chances of becoming pregnant and the risk of miscarriage.

By menopause, the ovaries have stopped releasing eggs, making natural conception no longer possible. Fertility treatment may sometimes overcome the barrier to pregnancy by using donor eggs or previously frozen embryos, but it does not reverse the natural ageing of a woman’s ovaries.

The reasons women begin families later vary. Dr Masiko points to women pursuing higher education and careers before having children. Dr Karuhanga says some want financial security before taking on the cost of raising a family. Others take longer to find a partner or experience difficulties conceiving. These circumstances can mean that a woman begins trying for a child when her natural fertility has already declined. Some then seek medical assistance, while others may conceive naturally, as the 47-year-old patient did.

What late pregnancy means

Being able to conceive is not the same as being medically fit to carry a pregnancy. Pregnancy at an older age is associated with increased risks for both mother and baby, including high blood pressure disorders during pregnancy, gestational diabetes, miscarriage and preterm birth. The likelihood of some complications rises with age, and existing medical conditions may increase the risks further.

The age of the egg also matters. As women grow older, their remaining eggs are more likely to have chromosomal abnormalities, increasing the risk of miscarriage and certain conditions affecting the baby. Using donor eggs changes the age-related risks associated with the egg, but it does not remove the risks associated with the age and health of the woman carrying the pregnancy.

Namukwaya’s first delivery illustrated why pregnancies at very advanced ages require close medical attention.

Dr Herbert Kalema, a gynaecologist at Masaka Regional Referral Hospital, told the Daily Monitor that Namukwaya arrived with abdominal pain, high blood pressure, difficulty breathing and swollen legs. Her doctors opted for a caesarean delivery at eight months.

For the woman pregnant at 47, Dr Masiko says he is managing the pregnancy through monthly antenatal appointments. Her case illustrates why a pregnancy at this age needs medical supervision rather than assumptions based on how healthy or physically fit a woman appears.

For women considering pregnancy later in life, a discussion with a qualified health professional is important. Their age, existing medical conditions and individual circumstances all matter when assessing whether pregnancy is advisable and what monitoring may be required.

The point is not that every pregnancy in the forties will have complications. Rather, the risks change with age, and women need accurate information to make decisions about their reproductive health.

When does menopause actually happen?

Menopause is confirmed after 12 consecutive months without menstruation, provided there is no other medical explanation.

According to the World Health Organisation, most women experience natural menopause between 45 and 55 years.

During perimenopause, periods may become irregular, but pregnancy remains possible if ovulation continues.

However, conceiving in one’s forties does not mean menopause will occur later, and there is insufficient evidence that Ugandan women are reaching menopause later than previous generations.

When should you seek fertility advice?

Women aged 40 and above who wish to conceive should seek medical advice early rather than spend months trying without understanding their fertility prospects.

A fertility assessment may examine ovarian function, menstrual history and other factors affecting conception. Depending on the findings, a doctor may discuss natural conception, assisted reproductive techniques or other options.

Women who become pregnant in their forties also need early antenatal care because pregnancy at an advanced maternal age carries higher risks, including miscarriage, gestational diabetes, high blood pressure and chromosomal abnormalities.

ABU scientists win N1.2bn climate research grants

Scientists at the Institute for Agricultural Research (IAR), Ahmadu Bello University (ABU), Zaria, have secured four international research grants worth approximately N1.213 billion to advance climate-resilient agriculture in Nigeria.

The grants, valued at $948,678.53, were awarded under the Action Research for Climate Adaptation in Agriculture (ARCAA) programme, a joint initiative of Research Triangle Institute (RTI) International and the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM), with support from the Gates Foundation.

The achievement makes IAR the only Nigerian institution to secure more than one grant under the highly competitive programme, accounting for four of the eight successful proposals from Nigeria.

A statement by Dr Sharhabil Musa Yahaya, of the Agricultural Extension Unit of IAR, said the programme attracted 149 concept-note submissions, out of which only 14 were selected, representing a success rate of about 9.4 per cent.

He said the four research projects will focus on developing alternative livestock feed from locally available materials, promoting solar-powered farmer-led irrigation, scaling up climate-resilient and drought-tolerant maize hybrids, and improving access to climate-resilient groundnut varieties through inclusive seed systems.

According to him, the projects are expected to boost agricultural productivity, strengthen farmers’ capacity to withstand climate change and promote sustainable farming practices, particularly in Northern Nigeria.

Commenting on the stride, Prof. Ado A. Yusuf, Executive Director of IAR, described the achievement as a testament to the dedication and research capacity of the institute’s scientists.

He said the success demonstrated the quality of research ideas being developed at the institute and their relevance to the needs of farmers and the wider agricultural sector.

Yusuf said the institute was committed to ensuring that research excellence translated into practical benefits for farmers, stronger agricultural systems and improved national food security.

He congratulated the successful scientists and their research teams, assuring them of the institute’s continued support for innovation, collaboration and partnerships capable of addressing critical agricultural challenges.

Similarly, the Vice-Chancellor of ABU, Prof. Adamu Ahmed, described the feat as an outstanding achievement that reflected the university’s growing reputation as a centre of research excellence in Africa.

Ahmed said securing four of the 14 grants selected from 149 submissions, including half of Nigeria’s successful entries, demonstrated the quality of research capacity developed by the university.

Court orders late Justice Kanyeihamba’s estate to pay Shs45m over copyright theft

The High Court Commercial Division in Kampala has ordered the estate of the late former Supreme Court judge, Prof. George Wilson Kanyeihamba, to pay Shs45 million in damages to a researcher for illegally using his original work in a revised law textbook without acknowledgment or compensation.

In a landmark ruling delivered by Justice Stephen Mubiru, the court held that the late jurist infringed on Mr. Yusuf Kiwanda’s copyright by incorporating the researcher’s independently developed material into a revised version of his 1975 book, Constitutional Law and Government in Uganda, which was later republished under the title Evolution of Constitutional Law, Public Law and Government.

The legal battle stems from an extensive editorial overhaul undertaken by Mr. Kiwanda, who updated the legal authorities of the original 14-chapter text and authored seven entirely new chapters-expanding the final manuscript to 21 chapters. Despite using the completed manuscript verbatim, Prof. Kanyeihamba stripped Mr. Kiwanda’s name from the published work, altered the title, and replaced the preface.

Although Prof. Kanyeihamba passed away on July 14, 2025, before the suit was finalized, Justice Mubiru ruled that the suit could legally proceed against his estate because copyright claims involve property rights and financial interests that survive a defendant’s death.

“The plaintiff’s contributions were the product of his own independent efforts; he had conducted the research, authored new chapters, updated existing content with contemporary case law and statutory provisions, and produced the complete manuscript,” Justice Mubiru observed. “The published book was identical to the plaintiff’s manuscript, demonstrating that the defendant had made no independent creative contribution to the revised content but had instead removed Mr Kiwanda’s name and changed the title and preface.”

Justice Mubiru held that Mr. Kiwanda’s extensive additions qualified as an original derivative work deserving full protection under Ugandan law. “Publishing the revised manuscript without Mr Kiwanda’s permission and presenting the work as Prof Kanyeihamba’s own amounted to copyright infringement and reverse passing off,” the judge ruled.

The court noted that Prof. Kanyeihamba had previously offered Mr. Kiwanda Shs1 million for his services, an act the judge said implicitly acknowledged that the researcher had performed valuable, independent professional work. Testimony from key witnesses, including Panamaline Books director Macharia Muriuki, further corroborated Mr. Kiwanda’s central role in generating the manuscript.

Evaluating the remedy, Justice Mubiru awarded Mr. Kiwanda Shs30 million in general damages and an additional Shs15 million in exemplary (punitive) damages, noting that the infringement involved the entire manuscript rather than a minor excerpt. He cited legal precedents, including Angella Katatumba Vs The Anti-Corruption Coalition of Uganda and Annette Najjemba Vs MK Publishers Limited, to reinforce that copyright infringement constitutes a breach of property rights where damages can be awarded regardless of specific financial loss.

Addressing the disparity in academic standing between the two parties, Justice Mubiru emphasized that the exemplary damages were necessary to send a clear message to the academic community. He noted that the Shs15 million punitive fine would “serve to punish Prof Kanyeihamba’s high-handed conduct and deter similarly situated authors from exploiting research assistants and co-creators.”

Addressing whether punitive damages could be levied against a deceased person’s estate, Justice Mubiru clarified that while Section 13(2)(a) of the Law Reform (Miscellaneous Provisions) Act bars exemplary damages when a claim is brought for the benefit of a deceased plaintiff’s estate, no such statutory restriction applies to actions brought against the estate of a deceased defendant.

Beyond the Shs45 million damages award, Justice Mubiru issued a permanent injunction restraining Prof. Kanyeihamba’s estate, agents, and successors from publishing, distributing, or selling the book without properly crediting Mr. Kiwanda as a co-author. The court further ordered the immediate seizure of all unsold copies in stock.

While the court rejected Mr. Kiwanda’s claim for a 30 percent royalty share under an alleged oral contract-reasoning that copyright exploitation agreements must be in writing and signed to be contractually enforceable-it nevertheless ordered the estate to account for all proceeds realized from book sales and pay 30 percent of the gross proceeds to Mr. Kiwanda based on his joint ownership of the derivative work.

All financial awards will attract a six percent annual interest rate from the date of judgment until full payment. The court specified that enforcement of the decree against the estate will be limited to property that has validly passed into the hands of the late judge’s legal representatives.

8 ways to navigate year-end inventory liquidation challenge

On one side lies the opportunity of peak seasonal demand; on the other, the danger of entering January with working capital trapped in deadstock. Storing unsold goods through the first quarter incurs real carrying costs, consumes warehouse capacity, and ties up liquid funds needed for fresh Q1 inventory.

When consumer demand cools after the holidays, holding onto surplus inventory turns into a direct drain on business health. Warehousing costs mount, physical space becomes cramped, and cash that should be reinvested into fresh stock or core operational expenses remains locked on store shelves. Executing a structured, data-informed year-end inventory liquidation protects working capital while safeguarding brand equity.

Audit stock velocity before discounting

Clearing deadstock effectively begins long before cutting retail prices. A common mistake among small business owners is applying flat discounts across all remaining products when sales slow down. Broad markdowns needlessly sacrifice profit margins on items that would naturally sell at full price given a few extra weeks.

Instead, a systematic inventory audit separates fast-moving core items from seasonal peak stock and true deadstock that has remained stagnant for over sixty days. Classifying inventory based on movement speed reveals precisely where markdowns are required. This approach prevents panic pricing and ensures that promotional discounts target only the specific stock holding down liquidity.

Bundle aging goods with seasonal bestsellers

Storing leftover products past their natural selling window involves far more than simply occupying shelf space. Stagnant inventory incurs direct financial carrying costs, including warehouse fees, physical handling, insurance premiums, and the risk of product degradation or obsolescence.

When goods sit idle for months, their effective profit margin steadily erodes until the cost of holding them exceeds their original retail value. Small business operators must recognize that holding out for a full-price buyer late in the season often costs more than accepting an immediate, modest loss. Recognizing these daily storage costs makes aggressive year-end clearance a rational, profit-protecting strategy rather than a compromise.

Structure private liquidation channels

Slashing prices on individual items can sometimes signal financial distress to customers or lower the perceived quality of a premium brand. An effective way to clear slow-moving inventory without cheapening primary product lines is strategic product bundling.

Pairing an aging, slow-moving item with a high-demand holiday bestseller creates an attractive composite offer for shoppers. The customer perceives increased value in a complete package deal, while the merchant successfully liquidates holding costs and recovers wholesale capital. This tactic clears shelf space efficiently while keeping stand-alone product prices intact across public sales channels.

Time discount waves to capture Q4 cash flow

Publicly advertising massive discounts on primary storefronts can alienate recent full-price buyers and invite unwanted friction. Seasoned retail managers avoid this by utilizing private, targeted liquidation channels to move surplus inventory quietly.

Exclusive email lists, dedicated buyer groups, and direct outreach to corporate clients provide private avenues for bulk inventory sales. Offering specialized package deals directly to repeat customers creates an air of exclusivity while clearing surplus stock in volume. This targeted approach protects public price integrity while reliably converting excess stock into immediate operational cash.

Convert liquidation revenue into working capital

Liquidation is most profitable when executed as a series of planned, time-sensitive promotions rather than a single post-holiday clearance event. Waiting until January to begin discounting forces a business to compete with every other merchant attempting to dump stock simultaneously.

Staggering markdowns across November and December captures early bargain hunters and late-season holiday shoppers alike. Early promotional waves can offer soft incentives, such as gift-with-purchase bundles, while final clearance markdowns clear remaining items right before year-end books close. This gradual approach ensures steady cash inflows throughout the busy season rather than a delayed trickling of revenue in the new year.

Renegotiate supplier terms using recovered liquidity

The ultimate goal of year-end inventory liquidation goes beyond empty shelves; it centers on converting stagnant physical assets into immediate liquid reserves. The fresh cash generated from successful clearances should be deployed strategically to strengthen the business’s balance sheet before Q1 begins.

Liquid capital allows business owners to pay down high-interest short-term credit lines or settle outstanding vendor accounts early. Furthermore, entering the new fiscal year with cash on hand provides leverage when negotiating wholesale prices or payment terms for upcoming seasonal orders. Cash availability consistently translates into better vendor terms and stronger operating margins.

Set strict inventory baselines to prevent future overbuying

A successful liquidation cycle provides valuable operational data that should directly inform future purchasing decisions. The inventory types that required deep discounting to move represent clear indicators of overestimating market demand or misjudging delivery timelines.

Documenting these trends helps business managers refine their purchasing forecasts for the following year. By setting lower stock thresholds on risky product lines and establishing tighter reorder triggers, businesses avoid repeating the cycle of overbuying. Turning liquidation insights into better purchasing habits ensures long-term operational resilience.

Structure clean financial transition into the new fiscal year

Entering January with lean store shelves, updated balance sheets, and liquid reserves positions a business for immediate growth. Trying to manage fresh Q1 projects while surrounded by leftover Q4 stock creates operational friction and distorts financial reporting.

Closing out inventory write-offs and recording cleared stock before year-end accounting closes provides an accurate baseline for new financial targets. This clean break gives management clear visibility into actual profitability, helping them set realistic budgets and focus entirely on driving momentum in the new year.

Embracing the brighter side of life after niece’s miscarriage

An unexpected loss did not faze Lilia Vargas when her balikbayan niece arrived from Ireland on Monday after suffering a miscarriage.

On Monday, All Souls’ Day, Vargas waited for the arrival of her niece and three nephews at the Ninoy Aquino International Airport Terminal 3.

The four of them work in Ireland.

Lilia was hoping to meet her three-month-pregnant niece Lilith, who, unfortunately, had a miscarriage a month prior.

‘We were surprised… We thought we were going to have a grandchild. It turns out she had a miscarriage,’ Lilia told the Inquirer in an interview.

Despite the tragic news, Lilia kept a wide smile on her face, excited that she finally got to spend time with family, whom she had not seen in four years.

Homecoming

‘Let’s just leave it at that. We’re happy that, because of the Lord, they got home. The flight was okay. The trip was okay. They arrived safely. Everything was okay,’ she said.

Lilia also noted the importance of spending time with family, excitedly sharing that she would be taking her niece and nephews to Bacolod City.

‘It’s important for me and my family to meet up to bond. Let’s get together because there will come a time when you want to see each other, but then you can’t… So while there’s time to go, go ahead, go, go,’ she explained.

It was apparent that Lilia was the type to see the bright side of things, even in difficult times.

Support system

Talking to the Inquirer, Lilith said she was 11 weeks pregnant when she ended up at the hospital due to bleeding.

The cause is unknown, she was told. But with a month-long visit to her home country already set in stone, Lilith said that being close to family is the support she needed.

NGX sheds N35bn as bearish sentiment weighs on equities

Nigerian equities market opened the new trading week on a bearish note on Monday, as renewed selling pressure on heavyweight stocks dragged market capitalisation down by N35.25 billion, amid weak investor sentiment and mixed sectoral performance.

The Nigerian Exchange Limited (NGX) All-Share Index declined marginally by 0.02 per cent to 254,245.21 points, moderating its year-to-date return to 63.38 per cent, while market capitalisation fell to N165.08 trillion.

Market breadth remained weak, reflecting subdued appetite for equities, as 41 stocks closed in the red against 21 gainers, translating to a breadth ratio of 0.5 times.

The decline was led by Champion Breweries, SUNU Assurances and Aradel Holdings, which featured among the worst-performing stocks during the session.

The performance suggests that investors remained cautious, with limited buying interest in major stocks failing to offset losses across several sectors.

Sectoral performance was largely negative, as four of the six tracked sectors closed lower. The Oil and Gas index led the decline, shedding 3.75 per cent, followed by the Commodities sector, which fell 2.76 per cent.

The Banking index declined by 1.79 per cent, while Consumer Goods lost 1.17 per cent, reflecting broad-based selling pressure across key market segments.

However, the Industrial sector bucked the trend, advancing 3.34 per cent to emerge as the strongest performer, while the Insurance index gained 0.93 per cent.

Trading activity also weakened considerably, with both volume and value of transactions declining, although the number of deals increased sharply.

Turnover fell by 44.67 per cent to N47.48 billion, while traded volume dropped by 48.15 per cent to 517.26 million shares.

In contrast, the number of transactions increased by 42.63 per cent to 54,015 deals, suggesting that trading remained active despite the decline in the overall value and volume of shares exchanged.

Market analysts expect sustained selling pressure and weak breadth to constrain the market’s near-term recovery, although selective bargain-hunting in fundamentally attractive stocks could help moderate further losses.

Despite Monday’s marginal decline, the equities market maintained a year-to-date gain of 63.38 per cent, underscoring the substantial appreciation recorded since the beginning of the year.