It’s all in the mind

It’s all in the mind

“I got up on the wrong side of the bed.”

Have you ever said these words when things do not go well for you on a certain day? You probably have. But do you know that one factor that determines how well your day turns out is how you play it out in your mind? Your mind is the engine room of your body.

Many experts agree that the ability to change your mindset is the single most important factor in the achievement not only of your health, finances, relationships, but any outcome that is important in life.  So, if you seem to be experiencing stagnancy in an area of your life, you might want to monitor your thought pattern regarding that area.

The degree to which you are able to make changes in your life will be determined by the mindset you have. If you can change how you look at things in your mind, you can change your life. Start by making a commitment to monitor your thinking pattern daily. Whenever it starts veering towards negativity, consciously pull yourself out of it. Focus on choosing the mindset you want throughout the day.

Do you need to transform your mindset? Join us on Wednesday by 6.30pm on Smooth 98.1FM as we tackle steps to having a winning mindset. There’s also a gift to be won at the end of the show. You won’t want to miss this!

The post It’s all in the mind appeared first on Realising Ambitions.

Source: Blog

Trade Balance to Survive Muddy Waters

Trade Balance to Survive Muddy Waters

Export sustains trajectory on higher crude prices…

Nigeria’s trade balance extended its surplus position into a second consecutive quarter in Q1 17 (N719 billion), following another sturdy rise in exports (+109% YoY to N3.0 trillion) relative to a 35% increase in value of imports.1 According to NBS, it took sharp increases (average of 142% YoY) across “Petroleum oils and oils obtained from bituminous minerals, crude” and “Natural gas, liquefied” to keep exports on its strongest growth trajectory in over thirteen quarters. Specifically, reflecting an OPEC induced rejig in global oil prices (+53% YoY to $51.18 per barrel) and naira devaluation of 55% YoY to N305, crude oil exports more than doubled YoY but saw its overall attribution largely unchanged at 78% of headline export in Q1 17 (vs. 77% in Q1 16) due to similar jumps in other export components.

The broad-based rise in exports also reflected sustained scamper for attractive greenback in the review period. Notably, the sharp increase in prices and pass-through from naira down-leg was enough to mask fallouts from a 14% contraction in domestic crude production in the review period.

In terms of Nigeria’s trade relations, available data suggests that India was Nigeria’s most important export partner in Q1 17, with the Asian tiger single handedly accounting for 22.2% of Nigeria’s overall exports. Precisely, India reportedly consumed 30% of Nigeria’s crude exports over the first three months of 2017 while also standing out as the fifth largest consumer of Nigeria’s Agricultural exports in the review period.

Elsewhere, United States and Spain accounted for another 13.9% and 10.8% of overall exports, with consumption from both countries accounting for 22% of Nigeria’s non-crude exports (vs. 15% in the corresponding period of 2016) and making up for their slightly narrowing relevance in the consumption of Nigeria’s crude. To the latter point, we note that joint consumption attribution for the countries shrank 2pps YoY to 25% in Q1 17. Within the African region, Nigeria also sustained its export push with South Africa leading the way with a 91% YoY rise in its demand for Nigerian crude.

View full July 26 Nigeria Strategy Report here

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Source: Blog