So You’ve Finished NYSC … What Next (2)?

So You’ve Finished NYSC … What Next (2)?

Finally, all your job search and networking after NYSC has landed you an interview. Here are timely tips to get you prepared for that interview.

  1. Punctuality: You immediately lose cool points with your interviewer when you arrive late. You can never be too early for an interview. Allow yourself enough time to reach the location – Lagos traffic can switch up on you real quick!

 

  1. First impressions: A positive first impression is crucial in an interview. Shake hands firmly with the interviewer, maintain eye contact and ask them how they are doing. Smile! You don’t have to show all teeth, but you can’t look unhappy either.

 

  1. Body language: Do not fidget! You may come off as anxious or a liar. Try and mimic the body language of your interviewer. Always appear composed, confident and friendly.

 

  1. Follow-up: Most people don’t know this, but you’re allowed to ask what the selection process is like after an interview. You should also ask for your interviewer’s email address and send them a thank you email. It allows them to match a face to your application; thereby increasing your chances.

 

For more “post NYSC ” career advice, follow us on social media @armengage. Also, when you get that job, don’t forget to sign up for a pension plan.

 

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Source: Blog

Ask Shade- Mrs. My Son is Irresponsible

Ask Shade- Mrs. My Son is Irresponsible

Dear Shade,
My husband and I have only one son who has refused to do anything serious with his life, because he assumes all of our wealth will come to him and there is no need for him to work.
Although we intend for him to inherit all that we have, I want him to learn responsibility before we hand over our group of companies to him. I would like for him to come into his inheritance only after he has successfully proven his responsibility, perhaps after having held employment with a proper organisation for a minimum of five years.
Is there a provision in a trust to ensure this happens whether or not we are alive to enforce it?

Kofo, Lagos

**

Hello Kofo,
Thanks for reaching out. Your situation is not peculiar. It is very common for children born into affluent families to grow up with an entitlement mindset. This often affects their drive and leaves them completely unambitious and reliant on the family wealth.

While it is important that we provide for our children and give them a good quality of life as much as we can afford, it is also essential that we teach them from the cradle the value of hard work and independence. We must remind them that everything they enjoy is a result of our commitment to work and that they must strive to create a life for themselves also. They should see their parents’ wealth as a good foundation, or a stepping stone, a pedestal on which they can build their own legacies, win their own laurels and claim their own victories. However, some children refuse to learn diligence regardless of the parents’ efforts.

You are thinking in the right direction. Setting up a Trust is a very effective way to preserve your wealth for your son while attempting to reengineer his attitude to work. Regarding the possibility of withholding his inheritance till he has proven his responsibility, yes, this is possible. Such exigencies can be catered to.

You can either create a spendthrift Trust or include spendthrift provisions in the Trust, which would restrict your son from directly accessing the funds in the Trust until he acts in a more responsible manner – as may be ascertained by the Trustee. The Trust would hold direct interest in your assets and would only distribute some of the returns of those assets to your son where he meets the standards of responsible living that you may have prescribed. Your assets would therefore be professionally managed and would not be dissipated by your son. Your son would, however, be able to receive benefits from the Trust over time once he is acting responsibly.

Apart from setting up the Trust, you and your spouse can also sit your son down for a long heart to heart discussion. You can lovingly explain to him your dreams and expectations of him while reiterating your confidence in his abilities and willingness to support his ambitions. You can never tell, he could have a career path he is passionate about and eager to pursue.

While it may not particularly be related to the family business, supporting him in his chosen field will give him the leeway to learn responsibility and ultimately prepare him for his family fortune. Who knows? His idea could grow into a lucrative arm of the family’s group of companies.

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Source: Blog

A matter of the heart

A matter of the heart

“I love you from the bottom of my heart.” “My heart aches at your absence.” “You’re my heartbeat.” These are some expressions of love we use to show our loved ones what they mean to us.

But apart from being an object for love expression, the heart according to www.livescience.com is that organ that pumps blood throughout the body through the circulatory system, supplying oxygen and nutrients to the tissues and removing carbon dioxide and other wastes. If the heart is no longer able to perform these functions, then there’s fire on the mountain.

Run, Run, Run…

A heart attack simply means that your heart is under attack.

To prevent something this critical from being attacked, you need to apply strategies to defeat an impending heart attack. An important strategy is early detection.

When you notice these symptoms often, it’s time to see your doctor immediately.

Moderate to severe chest pain:

Don’t ignore any severe, crushing pain usually in the center or left side of the chest which is not relieved by rest.

Dizziness

Though this may occur because of other factors, but watch out for persistent feelings of being lightheadedness, wooziness, or imbalance.

Shortness of breath

Do you often have trouble breathing? It means your heart is not getting enough oxygen. It is a sign you need to discuss with your doctor.

Nausea

While it is common to feel nauseous when you eat something that doesn’t agree with you or when you suffer malaria, be vigilant when it happens along with one or more of the listed Heart Attack symptoms.

Radiating pains in the arms and chest

Did you know that when your heart doesn’t receive sufficient oxygen to function properly, it sends impulses to your spine? When this happens, the nerves between your heart, spine and arms send impulse that cause pain in your chest and arms. If you experience this, call your doctor immediately. You may be having a heart attack.

Extreme fatigue

Fatigue is a normal feeling after a stressful day, however if you are constantly tired and fatigued, you may need to visit your doctor for a check-up.

Heightened anxiety

If you notice that you get unduly anxious often, it is a cause for concern.

 

There’s so much to live for. Enjoy more from life by treating your heart as you would treat a new born baby; fragile and delicate.

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Source: Blog

In the news: Bond Prices Rise on Liquidity Boost

In the news: Bond Prices Rise on Liquidity Boost

This Day

Equities Market   Sheds N326bn on Weak investor Sentiments

Contrary to expectations that the gains recovery witnessed in the market the previous week would be sustained last week, the equities slipped back into the bears’ territory on weak investor sentiments.

Bond Prices Rise on Liquidity Boost

The over-the-counter (OTC) bond prices climbed last week amid boost in liquidity. Specifically, the 20-year, 10% FGN JUL 2030 paper, the 10year, 16.39% FGN JAN 2022 debt, the 7-year, 16.00% FGN JUN 2019 and the 5-year, 14.50% FGN JUL 2021 debt appreciated by N0.66, N0.63, N0.70 and N0.67 respectively.

Union Bank’s N50bn Rights Issue to Open for Subscription Wednesday

Union Bank has announced that the subscription for its N50 billion Rights Issue will commence on Wednesday, September 20 and close on Monday, October 30, 2017.

FG Sets Bid Round Guidelines for Award of 46 Marginal Oil Fields

The federal government through the Department of Petroleum Resources (DPR) has set the guidelines for the marginal oil field bid round scheduled to take place later this year or early 2018 and could potentially see scores of investors jostling to acquire 46 oil acreages during the exercise.

Punch

N’Assembly will get 2018 budget next month – Enang

The 2018 Appropriation Bill will be submitted to the National Assembly in October, the Special Adviser to President Muhammadu Buhari on National Assembly Matters (Senate), Ita Enang, has said.

FG’s N720bn debt threatens oil workers’ jobs

The Petroleum and Natural Gas Senior Staff Association of Nigeria has alleged that oil marketers may have concluded plans to sack their workers if the Federal Government fails to settle the N720bn debt owed the marketers.

Invest in FG’s N100bn sukuk, CBN urges Nigerians

The Central Bank of Nigeria has urged Nigerians to take advantage of the sovereign sukuk being offered by the Federal Government in order to support the country’s infrastructural development while making money.

The Nation

Liquidity squeeze threatens settlement at equities market

The inability of investment firms and stockbrokers to access amenable funds is threatening efficient settlement at the Nigerian equities market.

AFC: Nigeria needs $3tr to fix infrastructure

The Africa Finance Corporation (AFC) has said Nigeria needs $3 trillion to fix huge infrastructure deficit in the country over the next three decades.

Vanguard

Uncertainty as N241bn outflow via Sukuk Bond, TB auctions hit interbank market

The interbank money market will  this week experience outflow of N241 billion through treasury bills (TBs) and FGN Sukuk Bond auctions, prompting uncertainty over the direction of movement in cost of funds.

11 Insurance firms pressured by N40bn rising claims

With the recent flooding in some parts of the country, coupled with increased awareness by insurance consumers in Nigeria, insurance claims have grown by over N5.9 billion in the first half of 2017, H1’17.

FMDQ approves registration of Wema Bank’s N50bn CP

The FMDQ OTC   Securities Exchange has approved the registration and listing of Wema Bank’s N50 billion Commercial Paper (CP) programme on its platform.

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Source: Blog

Financial Education- the missing link

Financial Education- the missing link

Education, in every sense of the word begins at home. Home is where we learn our first words, it is where we find our identity, it should also be where we learn the rudiments of managing and growing money. While our children might learn high level accounting in the walls of Ivy league schools or discover the tenets of business management as graduate trainees, it might be detrimental to wait till then to introduce them to the realities of financial responsibility. Especially if we desire to successfully prepare them for the legacy we are building for them.

Financial literacy refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with their financial resources. It is hence not enough to provide the resources, we must also teach our offspring to be masters of money. Our forefathers got it right to some extent, they taught us to save in the clay or wooden piggy banks we grew to cherish, we must however take it a step further. Not only must our children learn to save, they must learn to invest. Gone are the days when a good job or business and hard work was enough to cater to our needs. The successful ones today are those who have learnt not just to work to make money, but to make money work for them.

While it is essential that we provide for our children as much as we can, it is also important that they learn to grow what they have into more.

Financial goals..

It begins with setting financial goals. Our children need to learn the discipline of setting targets and meeting them. Together, pinpoint an item or experience they desire, evaluate its cost, and agree on a timeframe to raise the amount needed. With the help of investment calculators, you can figure exactly how much must be set aside monthly or weekly and make a commitment towards it. This will give the child a sense of purpose.

Bank vs Mutual Fund..

Of course, financial freedom begins with the discipline of consistent saving. What makes the big difference is how the saving is done. While your children will learn that they can preserve their money in a bank, it is even more exciting to watch their money grow in a mutual fund. Mutual funds like the ARM Money Market Fund offer competitive interest rates without any risk to the capital. You can open a Money Market Fund investment for your child with as little as 5000 Naira. From the comfort of his or her phone, your child can top up that investment with the agreed sum to be saved or even the extra change left from his/her weekly allowance. Together you can access their dashboard on the ARM Wealth planner and view the amount invested so far and accrued interests. When the target is met, the funds can be redeemed online from the same Wealth Planner portal.

Long term investments…

While mutual funds can cater to short term financial goals, children need to learn the wisdom of identifying and maximising investment opportunities. After mastering the art of consistent investing, they must learn not to expend the accumulated resources on immediate wants but to tie down funds in instruments that can become assets. From the comfort of your home, you can help your child purchase shares, stocks, or even bonds from the ARM Stocktrade portal. With the avalanche of research and market insight available on the portal, you can teach him/her to recognise opportunities and trade successfully in the stock market. Especially at special periods like birthdays and celebratory seasons when children receive financial windfall, such monies can be invested in financial instruments and your child can monitor the growth of their investment online. This supersedes merely buying shares in their name.

Once they have mastered the discipline of consistent investment early in life, say from their teenage years, they will find it extremely easy to grow their finances as they advance in life. A child educated financially will understand the need to open a Pensions account from his very first job. He will also be able to understand the many benefits of Insurance and estate planning, thus preparing for a life of financial freedom and success in every facet of life. Financial education is indeed the link between a dependent child and an independent financially free adult.

Investment calculators as well as explicit information regarding mutual funds, stocks, bonds, estate planning, pensions, and insurance are available on the ARM WebShop. Visit www.arminvestmentcenter.com to explore the possibilities.

 

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Source: Blog

Ten points to note before investing in stocks

Ten points to note before investing in stocks

Stockbroking can be a profitable investment avenue largely misunderstood by many.  With the digital age and ease of online investing, questions abound about how it works, who should invest in stocks, what kind of stocks to buy, when to sell and whether it should be considered for short or long term investing.

To answer some of these questions and shed more light on the science of trading in stocks, let us consider nine points everyone should note before investing in the Stock Market.

  1. You are buying more than just shares, you are buying into a company
  2. Buying a stock makes you a shareholder which means as the company profits, you profit as well. If the company does not profit, you also do not profit.
  3. A stock’s price is determined by the company based on their industry, economic environment, customer base and political climate.
  4. Before investing, it is wise to research into the organisation you are interested in as well as other stock market updates within your reach.
  5. Your gut feeling or perception is important in stock broking. Never rely on it alone, always get expert investment advice as well.
  6. Have an investment plan that will guide your investment choices. Ascertain whether or not you want to invest long or short term.
  7. Never invest all you have at once. Always have some money reserved for opportunities that come up.
  8. Shares should not constitute all your assets, diversify your investments.
  9. Monitor your stocks, even if it is a long-term investment. The stock market is dynamic and ensuing developments might affect you in the long run.
  10. Always go through the right channel when investing in stocks. Speed of execution, availability of advice, update speed and information supply are some of the things to consider when selecting a stock broker.

With all the above checked and confirmed, you are ready for a rewarding stock trading experience. Sign in to ARM Stocktrade, and enjoy the ease of investing from the comfort of your home, via any internet enabled handheld device. With real time updates and access to research reports, you have everything you need to make favourable stock trading investments.

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Source: Blog

In the news: CBN sees further growth in economy

In the news: CBN sees further growth in economy

Punch

NNPC to shut refineries for maintenance

The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, according to the Group Managing Director, Dr. Maikanti Baru, has said.

BEDC, others sign MoU on 20MW power plant

The Benin Electricity Distribution Plc has announced the signing of a Memorandum of Understanding with Thames Energy Limited and the Delta State Government on the construction of a 20 megawatts power plant in the area.

Food/beverage stocks appreciate by 1.14%, market gains N23bn

Food/beverage stocks soared by 1.14 per cent on Wednesday, thus emerged the top-performing stocks as the Nigerian Stock Exchange capitalization appreciated by N23bn.

Naira weakens to 367/dollar

The naira weakened to 367 per United States dollar at the parallel market on Wednesday, after closing flat at 365/dollar in the past one week.

No lifting from Lagos oil field in Q2 – Report

One of the joint venture partners in Aje field, offshore Lagos, said there was no oil lifting from the field in the second quarter of this year.

The Nation

CBN sees further growth in economy

As the country exits recession, the Central Bank of Nigeria (CBN), said the economy will continue to improve in the days and years ahead.

NBS: Nigeria’s Q2 merchandise exports hit N3b

The National Bureau of Statistics (NBS) said  Nigeria’s total export value stood at N3,102 billion in the second quarter, representing a marginal increase over the first quarter.

Nigeria to undertake over 50% fabrication, integration in IOCs’ projects

About 50 per cent of the fabrication and integration of topsides of the floating, production, storage and offloading (FPSO) vessels of Nigerian Agip Exploration Limited (NAE)’s and Shell Nigeria Exploration and Production Company (SNEPCO)’s Zabazaba deepwater project and the Bonga South West Aparo (BSWA) deepwater project will be done by Nigerians.

This Day

Dangote Cement Confirms Bid for PPC of South Africa

Dangote Cement Plc, which is the most capitalised company listed on the Nigerian Stock Exchange (NSE), confirmed that it plans to acquire the entire share capital of PPC Limited-South Africa’s leading cement firm.

Nigeria to Ban Importation of Dirty Petrol, Diesel December 1

Nigeria, Togo, Ivory Coast and Benin Republic are expected to implement rules banning imports of petrol and other products with high sulphur content from December 1, 2017, after missing earlier deadlines.

Guardian

Oil production dips to 1.3mbd over vandalism, says NNPC

An average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, this brought Nigeria’s production down to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period.

Quality credit data management needed to tackle over N2tr NPLs

With over N2trillion of non-performing loans (NPLs) in the nation’s financial services sector, stakeholders have advocated the promotion of effective credit risk operations through the deployment of quality and robust credit data management.

Reuters

Nigeria unlikely to join OPEC cuts before March -oil minister

Nigeria is very unlikely to join OPEC’s cuts in oil production before March, its oil minister said on Wednesday.

Nigeria’s oil production at 1.6 mln bpd excluding condensates –minister

Nigerian oil production, excluding condensates, is running at 1.6 million barrels per day (bpd), the country’s oil minister said on Wednesday.

Nigeria to sell 917.14 bln naira of bills from Sept 14 to Nov 30

Nigeria plans to sell 917.14 billion naira worth of treasury bills between Sept. 14 and Nov. 30, a central bank debt calendar for the fourth quarter showed on Wednesday.

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Source: Blog

More than just “Baby Blues”

More than just “Baby Blues”

Jeff stared at Mabel from behind the curtains. The baby had been crying for a while but Mabel sat there looking into space unperturbed.

Scared, confused and angry, Jeff stormed into the room and snapped at her “Babe, can’t you see David has been crying for too long?” Mabel looked at him with sad eyes, picked the baby and shoved him into Jeff’s arms before walking away.

David was born barely one week earlier and Mabel had never been the same since her return from the hospital. For someone that couldn’t wait for the birth of her baby, Mabel’s attitude scared Jeff. He felt like she hated her own child. He felt like his wife was possessed by some demon.

But what Jeff didn’t know was that his wife Mabel suffered from Post-Partum Depression and needed help and support.

Post-Partum depression (PPD) is a type of mood disorder associated with childbirth and studies show that 1 in 7 women experience this disorder. It also doesn’t just affect first time mums.

Along with postpartum depression, some women experience a rare and serious form of mental illness known as Post-partum psychosis. When a woman gets to this extent, she can cause grievous harm to herself and her baby if left unchecked.

As real as this disorder is, a lot of women have been called names and worse in Nigeria for feeling this way after they have had a baby. But this feeling is beyond their control and they need immediate help.

Husbands are in the best position to offer support and seek help for their wife if she has this disorder. But first, you need to know how to detect Post-partum depression.

Tune in to ARM Life Living Benefits show today on Smooth 98.1FM by 6.40pm (Lagos), 6.45pm (Abuja) and 6.00pm (PortHarcourt) to learn all the symptoms of Post-partum depression and what to do when you spot them.

There is also a gift voucher up for grabs at the end of the show. You don’t want to miss it!

 

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Source: Blog

In the news: Naira dips to N367 amid dollar scarcity

In the news: Naira dips to N367 amid dollar scarcity

Punch

FG to spend N100bn Sukuk fund on road infrastructure – DMO

The N100bn targeted by the Federal Government from the Islamic bond, Sukuk, will be spent on critical road infrastructure across the country, the Debt Management Office has said.

Budget: Low revenue generation threatens funds release

The Federal Government on Tuesday said that the low revenue generation by its Ministries, Departments and Agencies was affecting the implementation of the 2017 budget.

Arik share value already eroded – AMCON

The Asset Management Corporation of Nigeria has laughed off the suit instituted by shareholders of Arik Air against the Federal Government and Ethiopian Airlines over purported talks to rescue the troubled carrier.

Aiico, Flour Mills, Nestle top losers, market sheds N63bn

Aiico Insurance Plc, Flour Mills Nigeria Plc, Nestle Nigeria Plc, Continental Reinsurance Plc and Linkage Assurance Plc emerged the top five losers at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday, as equities depreciated by N63bn.

Vanguard

Oil price hits $54.25 p/b as OPEC predicts high demand, market stability

The price of crude oil has stabilised at $54.25 as the Organisation of Petroleum Exporting Countries, OPEC, predicted increased stability of the market, yesterday.

FG to award 80% of crude lifting to NNPC

The Federal Government has disclosed its plan to allocate 80 percent of crude lifting to Nigerian National Petroleum Corporation, NNPC Trading, an arm of the Corporation which evolved from the merger of its trading companies.

Militants ask FG to release licenses for 10 modular refineries

Reformed Niger Delta Avengers, RNDA, and nine other militant groups have called on the Federal Government to issue 10 licences to the Host Communities of Nigeria, HOSTCOM, for the take-off of modular refineries in the Niger Delta.

Nigeria oil will no longer be profitable soon – Osinbajo

Vice President Yemi Osinbajo, yesterday in Ondo State declared that the country’s oil will no longer be profitable in no distant future.

This Day

FG, States’ Public Debt Stock Hits N19.6tn

Nigeria’s public debt stock for both the federal government and the states as at June 30 stood at N19.63 trillion, a report by the Debt Management Office (DMO) has revealed.

States Netted N820.7bn in IGR in 2016

Internally Generated Revenue (IGR) of most states in Nigeria rose by 20 per cent to eventually settle at N820.7 billion in 2016, despite the significant contraction in the economy, the Nigeria Governors’ Forum (NGF) disclosed Tuesday in Abuja.

Guardian

Discos blame government for rejection of allocated electricity

The electricity distribution companies have blamed the Federal Government for their rejection of loads allocated to them, a situation that is worsening the poor power supply in the country.

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

To achieve the set target of 40 billion barrels crude oil reserves by 2020, the hydrocarbon industry will require between $13 and $16.5billion over the next five years, the Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Saidu Mohammed, has said.

DPR strategises to recover outstanding FG’s revenues

The Department of Petroleum Resources (DPR) is set to roll out some digitalization programme to fully automate all critical operations of the organization, enhance efficiency of all its regulatory deliverables and accelerate recovery of all outstanding revenues due to government.

Operators lose 4m subscribers in one month

Although the telecommunications sector added about N1.5trillion to Nigeria’s economy in the second quarter (Q2), growth of the service providers however contracted.

The Nation

Naira dips to N367 as dollar scarcity hits BDC

The value of the naira against the dollar is declining as bureaux de change (BDC) operators say the US currency is getting scarce in the parallel market.

Why Nigeria’ll resist oil cut – Kachikwu

Nigeria will resist any attempt to curb its oil production, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said.

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Source: Blog

How can I turn my FOMO into JOMO?

How can I turn my FOMO into JOMO?

Last month, we talked about F.O.M.O (Fear of missing out) and how to know if this fear is consuming you. This month, we’ll guide you with tips to channel your F.O.M.O into J.O.M.O (Joy of missing out).

Here are a few tips on how to harness your inner J.O.M.O

 

  1. Be grateful. Learn to value what you already have. Take time out to appreciate the people and things around you; imagine what life would be without them? Being grateful for what you already have leaves you feeling content. You will no longer crave for what others have that you don’t.

 

  1. Social media is not real life. You never really know how someone is feeling behind their tweets or Snapchat stories. Use social media to make real connections with people. Look past all the banter on social media (which are really hilarious by the way) and use social media to do something meaningful.

 

  1. Pick up new habits to distract you from social media. Try investing for instance. I know you’re probably thinking “Finally they’ve gotten to the point where they try and sell me their product” Well the answer is yes and no. Yes, we might be trying to sell our services to you. But no, that isn’t the point. You’d be surprised how much money your money could be making for you. Of course there are other habits you could pick up that would harness your JOMO. But there is nothing as relaxing as making money; and investing offers you a chance to do this easily. You’re able to transition from FOMO which cause you to spend recklessly to JOMO by investing and actually making more money.

 

  1. Find your niche in the social world and focus on that. Try and figure out what fun things you enjoy doing the most and make it the norm to do these things more regularly. For instance, let’s say you enjoy going to the club regularly and your pockets aren’t deep enough to do this as regularly as most “cool people” do. You can pick your favorite places to hang out at and frequent them once in a while. You will look even cooler for being selective and you’re saving money too! Do things because you want to do them and can afford to do them; not because it’s what other people are doing.

Yes we know JOMO sounds a bit weird, but so does FOMO – and it’s in the dictionary! Try saying it a couple more times and it might not sound as bad. You don’t even have to put a name to it. As long as it’s anti-FOMO, you’re good to go. So, the next time you see a post on social media, don’t feel left out; remember that you need to cut your coat according to your cloth! Focus on the positives and not the negatives.

Oh, and don’t forget to pick up investing as a habit.

The post How can I turn my FOMO into JOMO? appeared first on Realising Ambitions.

Source: Blog