Personal Finance with Raphael- Adetunji’s Testimony

It was five days to Easter Sunday and we could never have expected what happened. At first, it was a light drizzle, then it became a downpour, so heavy that it flooded our house. All the rooms downstairs were affected, and our properties destroyed. As much as it was in no way a palatable experience, my family and I were fortunate in that it wasn’t a budget disaster. Many of our neighbours still grappling with their loses have not stopped asking how we were able to raise the N2.5m in costs that came with damages associated with the flood in just 2 days. My response……. Our Emergency Fund.

He went ahead to share with his neighbours how to set up an emergency fund.

What is an Emergency Fund?

An Emergency fund is a priority goal that every individual and family must fully set up before planning towards other financial goals. It caters to unexpected expenses or unforeseen circumstances. This fund is set up strictly for emergencies such as job loss, large medical issues, major auto repairs etc. It’s always best to be prepared as we never know what the future holds for us. Having an emergency fund is extremely important so you’re always prepared to deal with whatever life brings, whether good or bad. Such a fund is not for goals such as ‘buying her that red dress you would really like to see on her at your date tonight’ It is also not an account where you make withdrawals to fund Friday night bills when hanging out with the boys. No, emergencies only, please.

How to set up an Emergency Fund

  1. Create an account that is personally labelled an Emergency Fund. No account is called an Emergency Fund you would have to create one and label it by yourself
  2. Save up at least 3 to 6 months’ worth of your living expenses before you can claim that you have fully set up an emergency fund. It can be saved gradually until the advisable amount is achieved. If you earn N100,000 but you spend N50,000 every month therefore you must have a minimum of N150,000 to N300,000 in your emergency fund. Should there be job loss it is expected that this amount would help you maintain your current standard of living before you find another job within 3 to 6 months.
  3. It must be saved in a financial instrument that preserves the savings and is liquid that is easily accessible. This instrument must also be a high income paying instrument that you can access in not less than 24 to 48 hours.
  4. A money market fund is the most suitable investment instrument as it checks all the boxes stated in 3 above.

 

The post Personal Finance with Raphael- Adetunji’s Testimony appeared first on Realising Ambitions.

Source: Blog

How much are you losing?

Bala and Audu met in NYSC. Both from the northern region of the country, compelled to serve their fatherland in faraway Ondo state, it was easy for them to become friends. They had a good year serving their country and even landed jobs in the same organisation. As similar as the young men were, they differed in their attitude to money.  Bala was somewhat future conscious, while Audu adopted a YOLO attitude (You Only Live Once). He wasn’t particularly wasteful, he just didn’t understand why he had to ‘manage’ because of a very distant tomorrow or a rainy day that might never come. So, he saved only when he could and focused on enjoying a good life. Bala on the other hand saved 20,000 of the 100,000 they both earned in a bank account. He later discovered the benefits of mutual funds and moved his bank balance to a Money Market Fund. To make it even easier, he set up a direct debit to his account and decided to focus on the 80,000 he had left and completely forget about his investment.

About four years later, the organisation they were employed with secured a choice estate and offered plots of land to interested staff at a subsidised rate. Ideally, the offer was not for staff at Bala’s level, who had barely worked for five years and were hardly earning so much. It was a huge surprise for Audu when Bala not only signified interest in the property but also conveniently paid for it without a loan. Apparently, investing 20,000 in a mutual fund every month made the difference. Over the past four years, Bala’s monthly 20,000 had grown into over 1,5000,000 and he could easily part with 950,000 for the plot of land.

Wondering how he managed to save so much from so little?

He had saved 20,000 in a bank account for 7 months before discovering the money market fund. He therefore began his mutual fund investment with 140,000 and made additional contributions of 20,000 monthly for four years, gaining an average of 14% interest annually which was reinvested on his behalf. Imagine how much Bala would have if he had continued his investment uninterrupted for another four years? About 3,900,000! Not convinced yet? Calculate it yourself here.

That gives you a peek into how much your money could be making for you daily, if you were investing.

Wondering how people build emergency funds or save enough to expand their business, buy property, and achieve other such feats? This is how. A fraction of your income invested appropriately at the right time can get you the future you desire. We calculate time in terms of our age and achievements, but hardly in terms of money. Yet, the passage of time can have an incredible impact on how much money we have. The truth is for every day you delay in actualising your decision to invest, you actually lose money.

Every day that passes is an opportunity passing you by. Make the most of time, put your money to work now. Explore our Webshop to better understand mutual funds and discover other investment opportunities. You can also engage us with your questions and enquiries on Facebook, Twitter, Instagram or LinkedIn. Or if you prefer you can reach out to us at [email protected] or 0700 CALL ARM.

The post How much are you losing? appeared first on Realising Ambitions.

Source: Blog

In the news: Nigeria’s debt service ratio falls to 45%

Punch

NNPC’s losses drop by 53% on Forcados revamp

The group operational losses of the Nigerian National Petroleum Corporation dropped by 53.1 per cent following the revamp of the Forcados oil terminal and resumption of export activities there after it was shut down for several months.

Conglomerates contribute 79.9% of equities’ volume turnover

The conglomerates industry (measured by volume) led the activity chart of the Nigerian Stock Exchange last week with 11.396 billion shares valued at N14.534bn traded in 890 deals; thus contributing 79.94 per cent and 41.46 per cent to the total equity turnover volume and value, respectively.

CBN, FIRS, others meet on FSS 2020

The Central Bank of Nigeria and other agencies involved in the implementation of the Financial System Strategy 2020 will converge on Lagos this week to mark 10 years of strategising to bring into existence the programme.

Power generation returns to 4,000MW as hydro plants recover

The nation’s power generation has returned to the 4,000 megawatts mark following the recovery in the output of hydropower plants and a few thermal plants.

FG to sanction banks, exporters over export proceed delay

The Federal Government has said it will henceforth sanction Deposit Money Banks, exporters and other stakeholders involved in the delay of repatriation of export proceeds.

CPS: Professors, political appointees to earn full salaries as pension

The National Pension Commission has set out modalities for the administration of retirement benefits of professors and public office holders to earn their last salaries as pension under the Contributory Pension Scheme.

This Day

NNPC to Fund New Gas Pipeline Projects with Transportation Tariff

The Nigerian National Petroleum Corporation (NNPC) has indicated that up to 1000 kilometres (km) of new gas lines that would be added to Nigeria’s gas line network would be funded through a new framework of contractor financing and then their construction costs paid off through agreed transportation tariff.

NDIC Has Paid N105bn to Depositors of Failed Banks

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim sunday in Kano disclosed that the Corporation had so far paid N105 billion to 442, 615 depositors of closed deposit money banks (DMBs) at the end of September 2017.

Market Awaits N32bn Inflow from Maturing Treasury Bills

Maturing treasury bills valued at a total of N32.23 billion is expected to hit the market this week.

CBN Injects $14.2bn into FX Market in Nine Months

The Central Bank of Nigeria (CBN) has injected a total of $14.184 billion into the interbank segment of the foreign exchange (FX) market since it started its forays in the market in February this year.

9mobile Denies Speculations of Barclays Withdrawal as Financial Adviser

Contrary to the rumor making the rounds that Barclays Africa has pulled out as the financial adviser to 9mobile investment process that will lead to the sale of the telecoms company to a willing and credible investor, the Board of Directors of Emerging Markets Telecommunication Services, trading as 9Mobile, has allayed the rumor, describing it as false information.

The Guardian

Nigeria’s debt service ratio falls to 45%

The nation’s debt-service-to-revenue ratio has recorded a new decline from about 66 per cent to 45 per cent, courtesy of the improving revenue mobilization from both domestic and foreign sources.

Forex reserves gain $455m in one week amid intervention

The nation’s foreign exchange (forex) reserves sustained a 13-month weekly winning streak, adding $455 million in one week despite interventions in the market, shoring it up to $34.82 billion.

FG budgets N20 million for Ogoni land clean-up support

The Federal Government has budgeted only N20, 226, 000 for Ogoni land clean up support in 2018 appropriation bill, while it earmarked N250 million for attendance of international bilateral/multilateral meetings.

Delta assembly defends increase in 2018 budget by N10b

The Speaker of the Delta State House of Assembly, Sheriff Oborevwori, has defended the N10 billion increase in the 2018 budget.

The Nation

Why we are raising N131.65b, by Lafarge Africa

Lafarge Africa Plc has urged shareholders to fully participate in the ongoing capital raising exercise by the cement company in order to support the realisation of its strategic growth objectives.

Fed Govt implements revised import, export guidelines next month

The Federal Government is to begin the implementation of the 2017 Revised Import and Export Guidelines in January, 2018, as part of its policy of enhancing the ease of doing business in the country.

Ogun State goverment partners World Bank, AfDB on 500km road projects

The Ogun State Government in collaboration with the World Bank, and Africa Development Bank has concluded arrangements to construct 500 km rural roads to enhance social -economic activities of the people in the hinterlands.

Vanguard

CBN mandates IFIS to increase agent network to 150,000 by 2020

The Central Bank of Nigeria (CBN) has mandated  Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group to grow its agent network to 150,000 by 2020, as it fulfilled all Approval-in-Principle requirements.

Cost of funds fluctuation to persist as N600bn hit interbank

Credit to private sector drops to N21.93tr in October.

 

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Source: Blog

It ends this November!

I’ve followed ARM on Facebook for some time now, thanks to my wife. Every month, they post something (meme or article) about ‘payday’ that taunts me to no end.

It’s almost as if they are looking me in the eye and speaking to my very soul. I am constantly made to evaluate my choices especially regarding saving and investing…which really isn’t a bad thing.

I have been bad at managing my salary and the small change that comes in from my side hustle. As a husband and father to two lovely children, I spend every dime that comes into my account on life’s necessities. My wife is the one with the saving mentality. Every month, she makes it a point to tag me on financial freedom quotes.

I read them and sneer: “This woman will not understand. How does she want me to save with all these responsibilities weighing me down?”

I always have excuses despite her support financially. But the recent article I read stuck with me doing strange things to my mindset. My take-away from that article was this: Will my wife and children have the life they do now, if God forbid something happens to me?

Not that I want to die o, God forbid. But the reality is that death does not take permission before visiting anyone.

This November, as I count the days to the grrrring sound of my salary alert and the payment from my side hustle, my plan is crystal clear. No major flexing this Christmas o… Something light can still work for us all.

I’m done procrastinating and feeling guilty with every ‘payday’ post I see on Facebook. I need to take action now.

———-

Ready to join me in making the best move for your family today? Explore policy options here today.

The post It ends this November! appeared first on Realising Ambitions.

Source: Blog

In the news: CBN pumps $210m into the FX Market

In the news: CBN pumps 0m into the FX Market

This Day

CBN Intervenes in Forex Market with Fresh $210m

The Central Bank of Nigeria (CBN) on Monday injected another $210 million into the interbank foreign exchange market in its bid to boost liquidity in the market.

Year-to-date Growth Hits 39.6% as Stock Market Rebounds

The stock market returned to positive territory yesterday as it reversed the negative performance of the first trading day of the week.

Saraki Accuses Anti-graft Agencies of Looting Recovered Funds, Property

The Senate President, Dr. Bukola Saraki, Tuesday accused anti-graft agencies of looting funds and property recovered from corrupt persons.

FIRS Hits 79.35% of 2017 Collection Target in 10 Months, Says Fowler

The Federal Inland Revenue Service (FIRS) has said in Abuja that it generated N3.233 trillion in 10 months, an amount that represented 79.35 per cent of its collection target for 2017.

NNPC Targets 15% Downstream Market Share, Builds Three New Mega Stations

The Managing Director of the Nigerian National Petroleum Corporation (NNPC) Retail Limited, Mr. Yemi Adetunji, on Tuesday disclosed that the downstream retail subsidiary of the corporation has set its sights on taking and satisfying about 15 per cent of Nigeria’s downstream petroleum market share in the next one year.

Imo Assembly Boycott 2018 Budget Presentation

For the first time in the life of the Imo State House of Assembly since the current administration of Governor Rochas Okorocha, the Assembly would in unison raise issues of concern to the governance of the state and wellbeing of the people as members yesterday boycotted the presentation of the 2018 budget proposal scheduled for 10a.m. at the Assembly Complex.

Punch

FG opts against $550m Chinese loan for communications satellites

The Federal Government has backed out of a plan to take a loan of $550m from the Chinese Export and Import Bank for the construction of two new communications satellites.

Discos’ force majeure notice jeopardizing power generation

The force majeure notice recently issued by power distribution companies and their disapproval of the eligible customer regulation of the Nigerian Electricity Regulatory Commission are jeopardizing power production in the country.

Senators, Reps pick holes in 2018 budget proposal

Both chambers of the National Assembly have berated the Federal Government’s 2018 budget proposal, saying its assumptions are unrealistic.

Amnesty wants Shell probed for alleged abuses in Ogoniland

Amnesty International on Tuesday said Royal Dutch Shell Plc should face investigations in three countries for alleged complicity in human rights abuses, including murder and rape, committed by the Nigerian military government in the oil-producing Ogoniland region in the 1990s.

The Nation

Import prohibition attracts $10b investment, says CBN

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said the import prohibition policy of the apex bank has attracted investment valued at $10billion into the country.

Pension fund hits N7.2tr

Nigeria’s pension fund assets under the  Contributory Pension Scheme (CPS) have hit N7.164 trillion– as at September  from the N7.094 trillion recorded in August.

Adeosun: only 40m Nigerians pay tax

Out of 70 million taxable adults in Nigeria, only 40 million pay taxes, the Minister of Finance, Mrs. Kemi Adeosun has said.

UACN eyes mergers, acquisitions with new equity capital: With 10 subsidiaries in key sectors of the Nigerian economy, Nigeria’s largest and oldest business conglomerate, UAC of Nigeria (UACN) Plc will consider new acquisitions and mergers to further optimise the values of its existing businesses and take advantage of emerging opportunities in other sectors.

Guardian

Foreign capital inflow hits $4.145b in Q3, says NBS

The National Bureau of Statistics (NBS) has said that the capital importation into the county recorded an increase to $4.145 billion in the third quarter of 2017.

Continued importation of dirty fuel raises fears

Experts warn of health and economic consequences following Federal Government’s failure to meet deadline on importation of high sulphur (dirty) fuels.

Vanguard

Interbank money market resists N90bn liquidity mop up

Efforts by the Central Bank of Nigeria (CBN) to mop-up liquidity from the interbank money market proved abortive as the N90 billion treasury bills (TBs) issued on Monday was undersubscribed by 47 percent.

Reuters

OPEC heading for oil cut extension with a caveat

OPEC and Russia are heading towards prolonging their oil supply cuts for the whole of 2018 but with an option to review the deal in June.

 

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Source: Articles

Three key things to do before the year runs out…

Three key things to do before the year runs out…

It does not matter if 2017 was a blast or not, 2018 is almost here and is all yours for the taking. These pointers will not only help you wrap up 2017 in style, they will help you usher in 2018 with a bang. Check them out;

  1. Review

What kind of year did you have? Were you able to achieve the goals you set? Did you get to spend quality time with your family as you purposed to at the beginning of the year? Did you get that certification or promotion you were gunning for? Or start that business you were thinking about? What about your finances? Were you able to stick to that savings plan? What debts are you carrying over? What financial goals are you postponing? It’s time to take an honest look at the year that’s wrapping up. Celebrate your victories, acknowledge the mistakes, and tie up loose ends.

  1. Refresh

You absolutely deserve it. For every challenge you took on, every victory you recorded, every disappointment you survived, for every step you took in the direction of your goals; you deserve to spoil yourself a little. Take some time to do something you love, something that refreshes you. An evening out with your kids, time out at the movies, a no-stepping-out-of-my-room day, binge watching your favourite series, a little splurging at the mall, whatever makes you feel relaxed and happy. Be careful not to eat into next year’s resources as you pamper yourself though, take a realistic look at how much you can afford and do something nice for yourself.

  1. Regroup

A new year means you get an awesome fresh start at making things right and getting the life you want. This year, take it beyond just plans, put things in place to ensure time doesn’t just run by. Don’t just decide to start a new business this year, work on the business plan or talk to someone who can help. Don’t just make up your mind to spend more time with your family, put up reminders on your calendar. Do more than just deciding to stop that destructive habit, get an accountability partner to help you stay on track. Instead of just planning to manage your money better, look up suitable investment opportunities for you and set up a direct debit order to ensure your investments are consistently serviced year-round. In 2018, go beyond wishing, thinking, or planning, be deliberate about your decisions.

Here’s wishing you a year that is better than you can wish for. Remember, we are only a call or email away and we are always willing to attend to your enquiries or concerns. You can reach us on [email protected] or 0700 CALL ARM.

Have a fantastic year!

The post Three key things to do before the year runs out… appeared first on Realising Ambitions.

Source: Articles

Personal Finance with Raphael- Amaka wants more…

Personal Finance with Raphael- Amaka wants more…

Mr. and Mrs. Ojekwe taught their Children early in life to save money with the use of a piggy bank. Their second child, Amaka, who is now a 29-Year-old Banker, took to this habit and has now turned into a prudent saver. Amaka saves a certain percentage of her earnings in a traditional savings account monthly. At the beginning of every year, she always has a mental idea of what she wants to achieve with her hard-earned money and spends the savings meeting her financial goals as it crosses her mind in no order of priority. Now she’s bugged down with worries because something in her keeps telling her that she can do better with her savings and the achievement rate of her goals, but she does not know how!

What are financial goals?

Financial goals are objectives that you want to achieve with your Finances. They are personal goals that have financial cost attached to them. We have various financial goals at different stages in our lives. Just like everyone of us, Amaka has a lot of financial goals running through her mind and she needs to create a plan that would help her achieve these goals and ensure her money is working harder than it is currently doing.

How can Amaka get more?

The first thing Amaka needs to do is to identify and be clear on her goals. She needs to write down these goals. Her goals could be buying a car, creating an emergency fund, planning for her master degree abroad, paying her children school fees, paying for house rent, planning for vacation, buying groceries for the home etc.

Secondly, she should align each of these goals with the SMART acronym. SMART  being Specific (Specific and clear goal as much as possible), Measurable (measurable and quantifiable so that you know when you can achieve it), Achievable (attainable based on current facts and situations. Not on assumptions and conditions), Realistic (choose a goal that is realistic which is not a distant fantasy) and Time bound (have a clear timeframe in mind which would enable the achievement of your planned goals).

Thirdly, she needs to understand the significance of each goal and prioritise them appropriately. She needs to avoid all distractions in pursuit of the goals because it is not an easy task achieving financial goals. She needs to be disciplined even though she might not be able to achieve all her goals.

Finally, she should categorise her goals into short term goals (goals to achieve between 0-2years), medium term goals (goals to achieve between 2 -10years) and long-term goals (goals to achieve above 10years). She should save for her short-term goals with short term savings instrument, medium term goals with medium term savings instruments and long-term goals with long term savings instrument. Amaka put all her savings in a traditional savings account regardless of the tenure and priority. This would not maximise the potential growth of the savings towards the different categories of goals. Funds for short term goals should be invested in short term investment instruments such as savings account, money market fund, treasury bills etc. Funds for medium term goals should be invested in medium term investment instrument such as balanced mutual fund and money market fund while savings for long term goals should be invested in long term investment instruments such as stocks, equity based mutual funds and real estate. This break down of goals would ensure that the savings are working harder than just saving every money in one instrument.

We hope these steps would clear Amaka’s worries and make her desire towards achieving her financial goals an improved success.

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Source: Articles

In the news: Equities market rebounds on bargain hunting

In the news: Equities market rebounds on bargain hunting

Punch

CBN sacked bank directors over non-performing loans – NDIC

A number of bank directors have been fired by the Central Bank of Nigeria following cases of insider abuse relating to non-performing loans, it has been learnt.

FG reviewing companies’ tax profiles, says Adeosun

The Federal Government has said it is reviewing the tax profiles of companies that received major payments from it in the last five years.

Global Spectrum set to list shares on NSE

Energy firm, Global Spectrum Energy Services Plc, is set to list its shares on the Nigerian Stock Exchange.

FCMB grows profit by 64% in three months

FCMB Group Plc has recorded a 64 per cent  rise in its profit before tax for the third quarter of 2017 compared to the second quarter ended June 30, 2017.

FG targets N62.5bn from luxury cars, cigarettes, alcohol’s duties

The Federal Government has proposed to generate additional N1tn non-oil revenue to reduce the deficit and loans in the 2018 budget.

This Day

UAC Shops for N15.4 Billion from Existing Shareholders

UAC of Nigeria Plc is currently shopping for N15.37 billion fresh capital from existing shareholders to boost its operations so as the record improved performance and deliver competitive returns to shareholders in the years ahead.

CBN Injects $498m in Forex Market in One Week

The Central Bank of Nigeria (CBN) last week raised the tempo of its foreign exchange (forex) intervention in the interbank market to a total of $498 million.

Equities Market Rebounds on Bargain Hunting

The Nigerian stock market rebounded last week following improved sentiments as more investors embarked on bargain hunting.

FG Defends Plan to Engage Malaysian Consultants for ERGP

The Senior Special Assistant to the President on the Economic Recovery Growth Plan Implementation (ERGP), Dr. Effiong Essien has defended the move by the federal government to engage Malaysian experts to drive the implementation of the ERGP.

IEA: Lower Supply from Nigeria, Algeria, Iraq Dipped October OPEC Output by 80,000bpd

Due mainly to lower supply from Nigeria, Algeria and Iraq, the OPEC crude output in the month of October dropped by 80,000 barrel per day, the Oil Market Report for November has revealed.

CBN Calls for Enhanced Collaboration against e-Fraud

The Central Bank of Nigeria (CBN) has stressed the need for increased collaboration and industry engagements in order to tackle cases of electronic fraud in the economy.

Guardian

Stockbrokers call for forex discount window

For the capital market to witness improved liquidity that would spur activities in the nation’s bourse and attract more investments, operators unanimously stressed the need for the Central Bank of Nigeria (CBN) to grant stockbrokers access to foreign exchange discount window.

BoI plans increased lending to food sector for enhanced production

The Bank of Industry (BoI) has concluded plans to increase lending to stakeholders in the food industry, as part of measures to boost food production in the country and help the Federal Government achieve the 3.5 per cent Gross Domestic Product (GDP) target in 2018.

Why CBN retains rates, by Godwin Emefiele

Contrary to speculations that the Central Bank of Nigeria (CBN) is afraid of taking risks by retaining monetary policy rates (MPR) at the same level for the eighth time consecutively, the apex financial sector regulator has said its actions are based on researches that it conducted.

500 prominent Nigerians get tax status letters today

Tax status letters will be issued to no fewer than 500 high net-worth Nigerians by the Ministry of Finance today.

Finance ministry alleges blackmail over import duty waivers

The Minister of Finance, Mrs. Kemi Adeosun, has accused some importers and Non-Governmental Organisations (NGO) of planning to blackmail the ministry over import duty waivers.

FG, firm sign power purchase agreement on 40mw

The Federal Government has signed Power Purchase Agreement (PPA) with Mabon Nigeria Limited, which is currently executing 40 megawatts hydro-power project.

The Nation

Only 18 states have complied with TSA, says NGF

No fewer than 18 of the 36 states of the federation and the Federal Capital Territory, FCT, Abuja, may have fully complied with the Treasury Single Account (TSA) mandate of the federal government.

NNPC fails to remit N1.7tr into Federation Account

The Federation Account Allocation Committee (FAAC) meeting was called off last Thursday over the non-remittance of about N1.78 trillion into the government’s coffers by the Nigerian National Petroleum Corporation (NNPC).

$9b interventions strengthen naira, forex market

Dollar injections into the economy estimated at $9 billion since February have helped the Central Bank of Nigeria (CBN) to achieve long-term naira stability and curb volatility in the foreign exchange (forex) market.

Vanguard

FG targets $1bn from tax amnesty scheme

The Federal Government is targeting to rake in about $1 billion from the on-going Voluntary Income and Asset Declaration Scheme, VAIDS, before the deadline on March 31, 2018.

Insurers seek additional capital in preparation for RBS

Insurance firms with inadequate shareholders’ funds have commenced moves to raise additional capital in preparation for the next phase of implementation of the Risk Based Supervision (RBS) by the National Insurance Commission, NAICOM.

Business Day

Nigeria IPO drought leave banks as only major capital source

Nigerian companies have largely snubbed the capital market as a source of funding over the past two decades, a situation which is increasing risks in the banking system and wider economy.

 

The post In the news: Equities market rebounds on bargain hunting appeared first on Realising Ambitions.

Source: Articles

How to stay safe online

How to stay safe online

Have you or anyone you know ever been a victim of cyber-attack? It can get ugly especially when it means you lose valuable information/documents or even money to internet fraudsters.  You can prevent these online attacks by knowing what to do to stay safe while you use the internet.

These tips will help you stay safe online.

 

At ARM, the acceptable means of payment are cheques, bank transfers & online transfers. If you suspect any unusual activity on your account or in your dealings with ARM Investment Managers, we advise that you kindly call 0700WHISTLEBLOW (070094478532569) or click here to file a report.

The post How to stay safe online appeared first on Realising Ambitions.

Source: Articles

In the news: Lagos Pays N141bn to Bond Subscribers

In the news: Lagos Pays N141bn to Bond Subscribers

Punch

NERC rejects force majeure notice by power firms

The Nigerian Electricity Regulatory Commission on Tuesday rejected the notice of declaration of force majeure that was recently issued to the Federal Government by the 10 electricity distribution companies in the country.

Reps query bid to spend $1.8bn on refineries

The House of Representatives on Tuesday queried the viability of further expenditure on the country’s four refineries and the daily allocation of 445,000 barrels of crude to the facilities.me.

NNPC completes 539km of gas pipelines

The Nigerian National Petroleum Corporation on Tuesday said it had so far completed 500 kilometres of gas pipelines between 2010 to date as part of measures to expand gas pipeline infrastructure across the country.

Nigeria, US, Japan seal investment, social development pacts

Nigeria and Japan on Tuesday signed a grant aid project on economic and social development worth N642m. The amount will be provided by the Japanese government.

9mobile to get new investor by year-end — Emefiele

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday said that the intervention of the apex bank and the Nigerian Communications Commission in the 9mobile loan repayment saga, was due to the systemic importance of the company.

This Day

FMDQ OTC Exchange Records N115trn Transactions in 10 Months

Trading in the secondary segment of the fixed income and currency markets operated by the FMDQ OTC Securities Exchange remained upbeat, recording transactions worth N115 trillion from January to October 2017.

Lagos Pays N141bn to Bond Subscribers

The Lagos State Government tuesday disclosed that it had paid a total sum of N141.59 billion to bond holders in its various fixed rate bond programmes.

FCMB Group Completes 88.2% Acquisition of Legacy Pension Managers

FCMB Group Plc has successfully completed the acquisition of additional 60 percent equity stake in Legacy Pension Managers Limited (Legacy).

Guardian

NERC extends Shell JV’s Afam VI power licence by 10 years

The Nigeria Electricity Regulatory Commission (NERC), has renewed the power generation licence for Afam VI Power Plant, a 650MW-capacity facility that has delivered over 24.16 million Megawatt-hour (MWh) of electricity into the national grid between inception in 2008 and 2016.

NSEs market capitalisation plunges by N61 billion

Price losses outweighed gains on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as most blue chip stocks depreciated in price, causing market capitalisation to plunge by N67billion.

The Nation

Fed Govt submits revised MTEF to Senate

The Federal Government yesterday submitted a revised version of the 2018 to 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate for consideration and approval.

Reps to govt: stop sale of PHCN assets

The House of Representatives has urged the Federal government to stop further sale of some assets of the Power Holding Company of Nigeria (PHCN).

The post In the news: Lagos Pays N141bn to Bond Subscribers appeared first on Realising Ambitions.

Source: Articles