In the news: NSE Index Falls Further

In the news: NSE Index Falls Further

Punch

Exit from recession still fragile, says CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile.

Banks, pension managers, others stake N105bn on sukuk bond

The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than N5bn, the Debt Management Office said on Tuesday.

N336bn released for capital projects in first quarter – Adeosun

The Federal Government has said it has released a total sum of N336bn for the implementation of capital projects contained in the 2017 budget.

This Day

NSE Index Falls Further Despite 164% Rise in Trading Value

The Nigerian equities market recorded a mixed performance on Tuesday, as the Nigerian Stock Exchange (NSE) All-Share Index(ASI) fell further while value and volume of trading surged by 164.8 per cent.

10 Banks Facilitate N55.6tn Investments on FMDQ OTC Exchange

Access Bank Plc, Stanbic IBTC Bank Limited, Ecobank Nigeria Limited and United Bank for Africa (UBA) Plc, led the banks that facilitated highest trading value on the FMDQ OTC Securities Exchange between January and July 2017.

Guardian

Statoil plans $10b investment for Nnwa-Doro, Agbami offshore fields

Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas.

Government justifies N701bn power sector’s payment assurance guarantee

The Minister of Power, Works and Housing, Babatunde Fashola has said that the N701billion-payment assurance guarantee Power Sector Recovery Programme (PSRP), is consistent with Section 76(2)(b) of the Law, which seeks to ensure that producers of power recovered their investment and some profit.

SEC, Oando get 14-day ultimatum to resolve alleged N799b shareholders’ liabilities

The House of Representatives Committee on Capital Market and other Institutions has issued the Securities and Exchange Commission (SEC) and Oando Plc a two-week ultimatum to resolve all lingering issues bordering on the N799 billion stakeholders’ liabilities.

The Nation

Deductions take toll on 11 states’ FAAC allocation

The National Bureau of Statistics (NBS) has said 11 states lost a huge part of their August 2017 allocation to deductions.

NCC: telecoms sector investments hit $70b

The Nigerian Communications Commission (NCC) yesterday said total investments attracted by the telecoms sector to the country have reached $70billion.

Guinea Insurance plans N1b new capital raising

The board of Guinea Insurance Plc has approved a new capital raising of N1 billion as part of efforts to boost the operations and capital adequacy of the insurance company.

Reuters

Nigeria asks Senate to amend law for govt to settle 2.7 trillion naira debt: Nigeria’s government has asked parliament to amend its spending law to enable a debt program to settle 2.7 trillion naira ($8.6 bln) worth of obligations including pensions and salary arrears, according to a letter from Vice President Yemi Osinbajo.

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Source: Blog

Starting a business later in life

Starting a business later in life

Even if retirement is still a world away from you, the time will eventually come when you will wind down your career and retire.  As retirement approaches, the question of what to do with all the time and money that would soon be at your disposal cannot be ignored.

Is it too late to follow your dreams? Can you survive a life different from the very structured one you have lived over the last few decades? What about rest, family and the jolly good time that should come after years of dedicated service? How long can you comfortably live on your retirement benefits? Several thoughts run through your mind.

While many find that they might not be able to pursue the dreams they had as youths, lots of retirees discover businesses they can do to keep busy and maintain an income stream. Regardless of your age or interests, opportunities abound for you to tap into post retirement. You might however want to tread cautiously as you are no longer as young and agile as you once were. Since you cannot risk losing your capital, your retirement benefits should be invested in a venture that is guaranteed to bring consistent returns. Low risk should be the watch-word.

Before you make that all-important decision of what business to venture into, consider the points highlighted below;

What lifestyle changes are you willing to take on?

There are certain lifestyle habits you have built over the years that might be hard to drop. Such should be considered in the choice of a business venture. If for instance your job is one that entails a lot of travel, would you be comfortable leading a business that keeps you in one place? Are you looking forward to relaxed mornings post retirement or would you rather a business that allows you keep up the early morning schedule you have run for years? Do you want a business that occupies you every day or one that allows you leisure and travel time as often as you desire? All these and more should inform your decision.

What does it cost to run your household?

Do you still have dependents or are you an empty-nester with only yourself and your spouse to look after? Whatever business venture you settle for must be one that can conveniently cater to your needs and your household’s. While you may not be able to maintain the same lifestyle you enjoyed while in service, the plunge shouldn’t be too deep. You and your family should still be able to enjoy your life together.

Do you have adequate capital for starting a business?

It is often unsafe to just assume what it will cost to start a business. It is wise to research extensively and make projections based on adequate information. You might find that you do not have enough to properly float the idea that has been dancing in your head. Perhaps you could consider another business line or a less costly but efficient way to execute the idea on your mind.

What about a Franchise?

Have you considered buying a franchise instead of starting afresh? A franchise allows you tap into the goodwill enjoyed by an already established business. It also eliminates the trouble, time requirement and cost of registration, building corporate culture and identity, etc. It could also guarantee that you have a ready market for your business. Buying a franchise can greatly reduce the risk you are exposed to.

Large or small scale?

Do you plan to launch out big or you just want something to keep body and soul together? While a shop in front of your house or even a home office might suffice for something targeted at subsistence, a larger scale business would require logistics such as location, staff, online presence, among others. It is good to pre-determine all these in relation to your health status and available resources.

Bringing it all together, a detailed financial plan is required to set off on the right foot and starting a business. A financial plan will clearly define the resources available to you vis-à-vis the resources you need, thus enabling you to make apt projections and draw up an actionable plan.

Let’s help you get things started, contact us today for a plan that is tailor made for you and investment opportunities you can explore.

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Source: Blog

POLICY AND REFORMS: Getting down to brass tacks

POLICY AND REFORMS: Getting down to brass tacks

Power Sector: On Pins and Needles

In H1 2017, though power generation improved from end of December by 20% to 4150MW, reflecting increase in gas supply to gas-fired power plants (+39% to 547mmscf/d), the sector continues to grapple with myriad of challenges that has resulted in financial distress for sector players.

Infrastructure challenges stemming from gas supply constraints as well as inadequate electricity transmission and distributions mechanism has hampered loss reduction by Discos, and inherent cash shortfall and deficit that has bewildered the sector. Pertinently, out of circa 14,000MW installed generation capacity, just about 31% has been dispatched on average in the last two years.

To start with, the Multi-Year Tariff Order (MYTO), a tariff model to set cost-reflective tariffs has failed to keep to its path. Basically, the MYTO provides a 15-year tariff path with limited reviews each year in the light of changes in certain parameters (inflation, interest rates, exchange rates and generation capacity) and major review every 5 years. However, despite significant spikes in key parameters, inflation and exchange rate, tariff has remained sticky and has thus driven significant accumulation of cash deficit across the value chain. To emphasize the magnitude of the deficit, our analysis indicates current tariff of N28.8/kWh is about 43% discount to our estimated current cost reflective tariff of N50.5/kWh.

According to NERC, between the period of February 2015 and December 2015, the tariff shortfall1 and market shortfall are estimated at N460billion ($1.4billion) and N470billion ($1.5billion) respectively. The foregoing has led to under-performance by the DisCos and the rest of the sector. Aggregate Technical and Commercial Collection Losses (ATC&C) as reported by the DisCos have increased to 54% in 2016 (2015: 52%), a 22pps variance from the 32% in the MYTO estimates.

Consequently, DisCos collection rate and DisCos settlement to NBET declined 4pps and 24pps to 57% (2015: 61%) and 29% (2015: 53%) respectively in 2016. Furthermore, the sector has had to grapple with the debt profile of Ministries, Department, and Agencies (MDAs) in aggregate. NERC estimates aggregate debt owed to the electricity industry by the MDAs at N65billion ($206million) as at end of 2016 which contributes about 7% of the accumulated cash deficit.

More so, currency concerns relating to debt repayment and expansion in debt have stifled profitability of power firms—largely due to currency mismatch and associated risks—from NGN denominated revenues to service a dollar-denominated loan facility. Total power sector loans following the sale of assets in 2013 stood at N219.7 billon (DisCos) and N287 billion (GenCos). However, the ~ 80% devaluation of the NGN from 2013 till date majorly expanded the debt profile by about one-fold—implying significant FX losses on financials.

Given the Economic and Recovery Growth Plan (ERGP), which recognizes the role of power to the development of all sectors of the economy, the FG sees power as one of its top priorities and aims to expand power sector infrastructure, increase power generation, address gas supply issues, optimize the existing installed capacity available for generation, and improve the commercial viability of the GenCos and DisCos.

On this basis, the FG just recently designed a recovery program for the power sector, which in our view, cause for some optimism given a better understanding of the challenges, in contrast to prior plans, as well as a greater political will to save the sector.

 

View full Nigeria Strategy Report here

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Source: Blog

Not again, not this month!

Not again, not this month!

This month did not quite start on a high. Five long weeks of August left you wondering if September would ever come. Your salary had not even settled in your account when ‘Happy school fees week’ posts reminded you of the school teller sitting in your bedside drawer. If only you had saved consistently in your Money Market Fund, it would probably have been enough to settle the school fees.

On your way to work, you hear the OAP lament on the radio that the government can’t be right, recession is not over. Hmm, this recession matter, if the government is seeing a silver lining, maybe it is time to buy FGN Bonds or Treasury Bills. So, you log in to ARM STOCKTRADE and discover there a few gainers on the stock market, you make a mental note to buy bonds and maybe a few shares when salary comes.

Three weeks into the month, ASUU calls off the strike finally. You wonder if the education system will ever thrive again. If you have your way, your children will school abroad. They are only in primary school though, still a long way off. Yet, you wonder how much you would have in 5 years’ time if you just drop 15k into an account every month. Wait, isn’t that what the ARM Education Plan is about? Mostly. Except that you get an interest and it converts to insurance if things don’t go as planned? Sounds good actually.

That night, in bed, you realise what the real problem is. You want to save, you know you should invest but you hardly get around to doing it. It’s almost pay day and already you can see it happening again. All the tiny-tiny expenses rearing their heads, the little foxes that mess up your plans.

Not again, not this month.

So you set up a Direct Debit mandate on the ARM Wealth Planner. There! such a simple step and your monthly savings are guaranteed.

September now has a new meaning. It will be remembered as the month you took charge of your life.

 

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Source: Blog

The answer

The answer

The thought just wouldn’t go away. It lurked within Ugobiri no matter how much he tried to shake it off.

Perhaps it was the chain of events happening all over the world that brought this feeling. Ugobiri had even gotten scared of swiping his phone and clicking on his News update app. He feared he would be greeted by either bad news, or truth that hits right between the eyes.

Then the dreams began.

Almost every two nights, Ugobiri saw himself giving words of advice to his two children Amanda and Luke. Sometimes, it was him looking at them with sad eyes and regret. It all didn’t make sense. But he knew it was the universe passing a message to him.

At work, Ugobiri narrated his unease and dreams to Felix his boisterous colleague. Felix thought deeply and after lunch called Ugobiri. “Ugo baba, I’ve given a thought to this your matter o. The thing use style tire me. But I sort of agree with you. It is some form of warning. One you should take seriously.”

Ugobiri nodded and moved on to inspecting the machinery and ensuring they worked well. He was the Chief Machinery Supervisor at Bixcu Construction PortHarcourt.

Felix’s answer did not help him in any way. He wondered where else he could get answers as he worked. When he got home, he again called Nancy his wife and told her of his dreams. Nancy, being the very spiritual wife, assured Ugobiri that God must be sending a message to him. Fasting and praying may reveal the exact meaning

As the days went by and his dreams and thoughts remained on his children, Ugobiri started to think about life as a parent.

His daughter, Amanda wants to be a pilot. Her face lit up when she talked about flying aircrafts and being the hero that so many people entrusted their lives to. Luke on the other hand, wants to be the voice of the voiceless. Law was his future and his mannerism and actions showed he was born for it.

Ugobiri was a proud dad and was sure he’ll do whatever it took to help realise his children’s dreams. But one question bothered him. One question makes him anxious. What happens if he can’t help his children achieve their dreams?

The answer…

Ugobiri hated being uncertain or living in fear. The past few weeks had kept him a prisoner of fear and uncertainty and he needed escape.

That escape would come masqueraded in the event that took place at work that day.

Ugobiri and Felix had just come back from lunch to notice Joseph, the crane operator hard at work manning the crane. Noticing that the hoist which held the crane carrying heavy metals wasn’t properly secured, Ugobiri called out to him. Perhaps the deafening noise in the yard was too much for Joseph to hear him or the universe chose that day to reveal some truth to Ugobiri…. as it all happened in a flash.

Grrrrr….Gbam! The crane had come off its hoist and in a split second, Ugobiri saw the heavy mass of metals falling from the crane.

Moments later, Ugobiri opened his eyes to see himself on the ground with Felix on top of him. “Phew! That was a close one Ugo. Now you owe me one”, said Felix as he stood to dust his clothes.

Ugobiri stood quietly as his heart beat fast against his chest. He was deep in thoughts as he strolled quietly to a corner to sit. What if this incident had ended badly? What would become of his family? His children and their dreams?

Now it all made sense. His dreams and unease pointed only to one thing. Ugobiri realized that life was full of uncertainties and any unanticipated jolt could mean the end of his children’s dreams. Unless he took needed action.

 

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Source: Blog

7 annoying habits of Nigerian drivers

7 annoying habits of Nigerian drivers

Raise your hand if you’ve ever driven in a metropolitan city without encountering drama by fellow drivers.

With the resumption of school resulting in increased traffic and parents doing their best to marry school run with getting to work on time, the drama on our roads have taken on a whole new dimension.

If it is not the Keke Marwa guys doing stunts on the road as though they had nine lives, it’s the bus drivers making every effort to scratch your car with their maneuvers.

When you think you’ve had enough of them, you encounter those who look very normal but spew insults at you at the slightest provocation. Driving in a cosmopolitan city is a real adventure.

Here are some of the most annoying habits drivers exhibit:

Erratic driving

You are driving and suddenly one car from nowhere swerves in front of you without any indication. That ought to be annoying, right? Even more annoying is the fact that the driver will just ‘face front’ like they didn’t know what just happened. They drive in and out of lanes, brake forcefully and accelerate like they are on a chase. This attitude has caused and is still causing many accidents.

Bumping and scratching

This is when that driver comes close enough to bump your car from behind. You jump out to spit fire and brimstone and some of them just relax in their seats like ‘do your worst’… Another category of guilty parties here are those Tricycles and ‘Danfo’ bus drivers that will be fighting for space with you on the road, but the minute they bump into or scratch your car, they fall flat on the ground and begin begging.

The abuses

These ones come out on the road ready to throw abuses at every other driver. Wave at them and they assume you want to ‘plead’ for space in front of them and they hurl one abuse at you. The day is never complete for them until they’ve abused someone.

Snail-speeding

Hunk all you want; this driver will keep at a slow and steady speed. You must get worked up and overtake them to see that they are not the least bothered by your loud horn blares.

Incessant horn tooting

This can get annoying if you can’t see any reason for the non-stop honking. This kind of drivers blare their horns even when they are still very far away from the car in front of them. They seem to like the sound of their own horns to the annoyance of fellow drivers.

Tailgating

How do you feel when a car is close-marking you with no space in between you two? Unnerving, right? But most metropolitan drivers wouldn’t care less. They can’t bear the thought of another car coming in front of them in traffic so they practically shadow you.

Answering calls or texting

It is dangerous, they say. Don’t do it, Road Safety officials advice. Yet, this habit is seen often among younger drivers.

 

Did we miss any habit that annoys you as a driver? Share your experience in the comment section.

 

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Source: Blog

In the news: Oil price rises to $57 per barrel

In the news: Oil price rises to per barrel

Punch

Four banks trading below minimum liquidity ratio – MPC members

Four commercial banks in the country are operating with too many non-performing loans on their books and with liquidity ratios below the minimum requirement.

Petrol price fail to crash despite Kachikwu’s assurances

Fifteen months after the price of Premium Motor Spirit, otherwise known as petrol, was increased by 68 per cent, consumers have yet to see any significant decrease in the price, contrary to the promise by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu.

CBN funding of FG excessive, says Salami

The Central Bank of Nigeria is acting like a “piggy bank” with its funding of the government, a member of the Monetary Policy Committee, Dr. Doyin Salami, has said.

Oil price rises to $57 per barrel

Oil prices rose on Wednesday in spite of a rise in US crude inventories with the market heading for its largest 3rd quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts.

This Day

Emefiele Identifies Bottlenecks to Mortgage Financing

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has identified various bottlenecks hindering genuine investors and by extension free flow of funds into the mortgage sector.

NNPC Begins Prospecting for Hydrocarbon in Sokoto Basin

The Nigeria National Petroleum Cooperation (NNPC) has said it has started the process that will lead to the exploration of oil and gas in the Sokoto Basin.

Vanguard

Union Bank’s N50bn Rights Issue opens for subscription

Union Bank Nigeria Plc’s N50 billion Rights Issue opened for subscription, yesterday, just as Forte Oil Plc has put on hold its proposed N20 billion capital raising after receiving the approval of Securities and Exchange Commission, SEC.

BoI’s loan to Kaduna MSMEs hits N47bn

The Bank of Industry (BoI) has disbursed loan in excess of N47billion to support entrepreneurs in Kaduna State in the micro, small and medium enterprises, MSMEs, category,  Managing  Director of the bank, Mr. Olukayode Pitan, has said.

Why we don’t manufacture cube sugar — Dangote

Dangote Sugar Refinery Plc has given insights into why the company is not manufacturing cube sugar despite having invested over N400 billion in backward integration projects in the sugar sector.

The Nation

Forte Oil suspends N20b offer

The board of directors of Forte Oil Plc has decided to suspend the energy group’s bid to raise new equity funds. Forte Oil had earlier secured regulatory approval to float a supplementary capital raising through a book building.

Power generation rises to 6619mw

The Minister of  Power, Works and Housing, Babatunde Fashola, has presented the Federal Government’s scorecard on the power sector for the past two years.

Experts seek more local content participation

Experts have called on indigeneous companies and industrialists to embrace local content participation as a means of developing the economy.

Guardian

Equities rebound, indices up by N124 billion

Equity transactions rebounded after a two-day losing streak yesterday, following heavy price gains recorded by major highly capitalised stocks especially Total and Dangote Cement, as indices soared by N124billion.

PENGASSAN tasks government on payment of N720 billion debt to oil marketers: The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has appealed to the Federal Government to settle all outstanding debts to oil marketers.

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Source: Blog

In the news: Nigeria’s foreign debts hit $15.05bn

In the news: Nigeria’s foreign debts hit .05bn

Punch

FIRS generates N2.5tn from taxes in eight months

The Federal Inland Revenue Service on Tuesday said it generated a total of N2.51tn from taxes for the federation between January and August this year.

Egina project’ll boost oil production by 200,000bpd

The nation’s oil production will be boosted by 200,000 barrels per day by the fourth quarter of 2018, the Deputy Managing Director of Total, a principal partner of the Egina Project, Mr. Ahmadu Musa-Kida, has said.

Oando shareholders protest, call for Tinubu’s resignation

Shareholders of Oando Plc from across the South-West states on Tuesday staged a protest in Ibadan, the Oyo State capital, and demanded that the company’s Managing Director, Wale Tinubu, should step down because of the firm’s poor financial position.

FG considers tax reliefs to fund road construction

The Federal Government said it might resort to a tax recovery funding arrangement for the execution of some major road projects in the country.

This Day

N100bn Debut Sukuk Offer Closes Wednesday

The Debt Management Office’s (DMO) inaugural N100 billion Sukuk offer will close wednesday.

Kaduna Disco Generates N1.7bn in Sokoto in Eight Months

The Kaduna Electricity Distribution Company (KAEDCO), Tuesday said it generated about N1.7 billion in Sokoto state from January 2017 till date.

Vanguard

Nigeria’s foreign debts hit $15.05bn in June – NBS

The National Bureau of Statistics, NBS, yesterday, said Nigeria’s foreign debt stood at $15.05 billion, while the domestic debt portfolio was put at N14.06 trillion in June this year.

NSE market indicators dip further by 0.08%

A total of 174.65 million shares valued at N2.83 billion were traded in 3,783 deals on the Nigerian Stock Exchange (NSE) on Tuesday.

FG set to implement ERGP, as NESG rolls out programe

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, yesterday, disclosed plans by the Federal Government to implement measures toward realising a growth target of 7 per cent by 2020.

The Nation

Flour Mills to raise N40b equity funds in three years

Flour Mills of Nigeria (FMN) Plc has registered a shelf fund raising programme with the Securities and Exchange Commission (SEC). It will allow the leading flour-milling company to raise up to N40 billion in equity funds over the next three years.

Currency speculators forced out of forex market

After recording huge losses in naira and foreign currencies, currency speculators seem to have been chased out of the country’s foreign exchange (forex) market.

Reuters

Nigeria, Libya likely to attend OPEC-led panel; Saudi may not: sources

Nigeria’s oil minister and the head of Libya’s state oil company are likely to attend a joint meeting between OPEC and non-OPEC nations on Friday, two OPEC sources said, to discuss the progress of their deal to limit output.

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Source: Blog

Abu’s NYSC PPA Ordeal

Abu’s NYSC PPA Ordeal

Three weeks of NYSC camp was finally over and Abu was shaking all over.

He had heard horror stories of remote and boring places of primary assignment. God forbid he found himself in such a place. A full-fledged optimist, Abu didn’t need boredom in his life. Not at all.

Despite the early morning bugle, meditation, strenuous drills and harassment from soldiers, the fun in Katsina camp these three weeks had been too much. Everyone, especially Abu didn’t want it to end. But everything that has a beginning must have an end. So, that end was upon Abu and his colleagues.

The List

Sitting under a comfortable shade provided by the Guava tree to avoid the scorching sun, Abu and Yinka talked about spending as much time as possible together in case of being posted to different villages. He had taken a liking to Yinka the first day she yelled at him for bumping into her at the Mami market. He loved her guts, her courage. Since then, they had become inseparable.

Soon, the pavilion ground was teeming with youth corps members all anxious to hear where they’d been posted. Before long, the names started reeling out with shouts of ‘I’m here’ echoing all over the place.

‘Abubakar Hassan!’ roared the woman. ‘See me here o’, Abu shouted as he pushed and elbowed his way to the front to collect his posting letter.

His heart beat loudly in his chest and he was sure everyone could hear the thump of his scared heart. Pushing and shoving, he finally arrived at the back to join Yinka under the guava tree.

‘Open it na’ Yinka said almost grabbing the letter from him. ‘Abeg wait jor… fear dey catch me’, replied Abu. ‘You’ll open it anyway’ Yinka said and grabbed the letter from him before making a run for it. Abu chased after her but midway, that deep female voice yelled again ‘Yinka Badmus’…

Stopping in her tracks, Yinka flung Abu’s letter at him and hurried to pick up her letter.

When she doubled back, they both decided to open their letters together. At the count of three, they opened it up and buried their faces in it.

A few seconds later, Abu lifts expectant eyes to Yinka. ‘Where were you posted?’ he asked. Yinka responded ‘Malunfashi. You?’ Abu thumped his fist into his palms and replied through gritted teeth ‘A place named Kankara.’

The PPA journey begins…  (In next week’s episode, Abu comes face to face with his Place of Primary Assignment… horror or not?)

 

 

 

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Source: Blog

When to have the “money talk” with your child

When to have the “money talk” with your child

“Kids don’t remember what you try to teach them. They remember what you are.” ~ Jim Henson

 

As adorable as children are, they are also very impressionable. They mirror what they see.

It is easier for a child to pick up a habit they see adults around them exhibit, than what they are told to do. That is the reason it is normal to see children play dress-up with their parents’ clothes and shoes. Same reason they imitate adults in phone conversations or when splattering make-up on their faces just to look like mum.

Because children are quick to learn things, it is therefore wise to mould them into the adults we want them to become from an early stage.

One way to do this effectively is by showing them who they can become by who you are. Charity they say does begin at home.

Money habits…

A vital part of parenting is teaching your children good habits. But we often forget that, when it comes to money. We think that the best time to talk about handling finances is when they are through with secondary or university education, but in truth, the right time is when they’ve learnt to count.

If you are a parent or you plan to have children, it is necessary that you start early to create a financial foundation for your kids if you expect them to make sound financial decisions as they grow. It begins with teaching them good financial habits.

But how and when do you do this?

We will answer that on ARM Life Living Benefits show on Smooth 98.1FM by 6.40pm (Lagos), 6.45pm (Abuja) and 6.00pm (PortHarcourt).

Make sure to tune in today. You could also win a gift voucher at the end of the show!

 

 

 

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Source: Blog