FOMO: Should we really be afraid or not?

FOMO: Should we really be afraid or not?

F.O.M.O     /ˈfəʊməʊ/  

(fear of missing out)

An all-consuming feeling that you’re missing out on something your peers are doing or are in possession of, often aroused by posts seen on social media.

FOMO is such a global phenomenon that it was added to the Oxford dictionary in 2013. That’s just how big a deal it is! Human beings are social creatures, whether we like it or not. Nobody likes to be left out of a fun event; we all suffer from FOMO one way or the other.

Commonly seen in people aged 30 and under, its symptoms include squandering money and time that should be dedicated to more important things in the name of feeling among. The advent of social media has also created a need for social validation, thereby contributing to social anxiety.

Imagine scrolling through your Facebook or Snapchat and seeing your friends partying without you. That has to hurt a little, right?  Or when everyone is tweeting about the newest bar in town and you know your pockets can’t afford it, but you want to go still.

These are only just some of the problems we face today with social anxiety. We see social media posts of what people are constantly buying and experiencing; leaving us with a feeling of emptiness and a need for inclusion.

We then want to live like they’re living, so we can post on social media like they’re posting. We dig into our pockets in a bid to “feel among” and “look cool”, without realizing that we’re only digging ourselves deeper into a hole of depression and insufficient funds.

If you spend all you have now without a thought for the future, what is going to happen when you retire and your savings are not enough? Do you want to risk waiting till then to realize just how broke the FOMO is making you? Saving might not sound cool but it has been saving lives since 1801.

Now, is this the fault of social media? No. Should we delete our social media? No.

Social media does not force FOMO on us. We are the ones with the power to choose just how social media posts make us feel.

Channel your FOMO into JOMO – Joy Of Missing Out.

 

Photo credit: http://smurfitschoolblog.com

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Source: Blog

In the news: Oil production cost drops by 71%

In the news: Oil production cost drops by 71%

Guardian

CBN’s power, airline interventions hit N277 billion

Development interventions by the Central Bank of Nigeria (CBN) in the power and aviation sectors have reached N277.4 billion cumulatively between September 2016 till June 2017, with repayments by the operators trailing progressively.

London stockbrokers eye investment opportunities in NCM

Stockbrokers on the London Stock Exchange (LSE) may be warming up to take advantage of Investment opportunities in the Nigerian Capital Market (NCM) to leverage its fast growing profile.

CBN to license stockbrokers to access liquidity window

Efforts by the Securities and Exchange Commission (SEC), to address liquidity constraints in the capital market heightened yesterday, as the Commission unveiled plans to seal agreement with the Central Bank of Nigeria (CBN), for a dual- licence model to enable Capital Market Operators (CMO) access the CBN window.

Punch

No audit report on N4.2tn TSA two years after –AGF

Members of the House of Representatives were in shock on Wednesday when the Auditor-General of the Federation, Mr. Anthony Ayine, disclosed that over two years after the Treasury Single Account policy came into operation, it had not been audited.

Oil production cost drops by 71 per cent

The Nigerian National Petroleum Corporation on Wednesday said it had driven down the cost of crude oil production from $78 per barrel as of August 2015 to $23 per barrel, representing a 70.5 per cent fall.

TSA: Govt saves N108bn from bank charges

The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencies since the commencement of the Treasury Single Account in September 2015.

MTN wants electronic listing, reopens talks with SEC

The Securities and Exchange Commission has resumed talks with MTN Nigeria over the telco’s planned listing on the floor of the Nigerian Stock Exchange.

This Day

Equities Market Falls Further on Continuing Profit Taking

The Nigerian Stock Exchange All-Share Index (NSE) ASI fell by 2.68 per cent yesterday closed lower at 36,102.38 as profit taking persisted on the bourse. After hitting a record high last week, investors moved in to lock in part of the gains recorded in the past months.

Finally, Osinbajo Assigns Portfolios to New Ministers, Swears in Perm Secs

Acting President Yemi Osinbajo wednesday assigned portfolios to Professor Stephen Ocheni and Mr. Suleiman Hassan, three weeks after swearing them in as ministers.

Vanguard

Senate probes Total E & P over 42km gas pipeline project in Rivers

Worried over the alleged $1billion spent so far for an itch in the construction of Obite- Ubeta- Rumugi 42.5 kilometre 42″ Gas Pipeline Project(OUR) in Rivers State, the Senate has begun a holistic investigation of Total E&P Nigeria Limited, TEPNG.

Naira appreciates to N359.7/$ as External reserve hits $31.35bn

The naira yesterday appreciated below N360 per dollar for the first time in the Investors and Exporters (I&E) window due to increased dollar supply.

Business Day

FG seeks new economic frontiers on $41 billion rail modernisation investment

Nigeria’s quest to explore new areas of revenue generation and diversification of its economy from oil is gaining traction, as the country seeks new opportunities through massive investment into the rail sector.

The Nation

Pan Ocean’s pipeline ‘ll boost crude export by 160,000bpd

Pan Ocean Oil Corporation (POOC), an indigenous exploration and production company and operator of the Nigerian National Petroleum Corporation (NNPC)/Pan Ocean Joint Venture, has awarded a pipeline contract to a local firm to create an alternative export line to avoid attacks by Niger Delta militants.

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Source: Blog

In the news: Nigeria-India Trade Volume Hits $10bn

In the news: Nigeria-India Trade Volume Hits bn

Guardian

CBN injects $364m into inter-bank forex market

The Central Bank of Nigeria (CBN) yesterday intervened in the inter-bank foreign exchange market to the tune of $364 million in a bid to sustain liquidity.

Nigeria’s mutual funds attract local, foreign investors

The Securities and Exchange Commission (SEC) has said the total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time.

GTBank records 18% increase in profit for mid-year

Guaranty Trust Bank (GTB) says it has recorded an 18 per cent increase in Profit Before Tax (PBT) for the financial half-year ended June 30, 2017.

Modular refiners to get pioneer status, duty waivers

The Federal Government has unveiled plans to assist investors in modular refineries to obtain pioneer status, secure various duty waivers, import facilitation of equipment and engineering review to enable Nigeria become self-sufficient in petroleum refining.

Punch

Stocks fall by N294bn, near two-week low

The Nigerian stock market recorded a N294bn decline on Tuesday, nearing its lowest level in two weeks.

Naira drops to 370 on lack of dollar supply

The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday.

Fashola makes a U-turn, says consumers can pay for meters

The Federal Government has said that it will not oppose the wishes of electricity consumers that are willing to pay for meters from their distribution companies based on agreement between both parties as endorsed by the power sector regulator.

The Nation

Dangote to sell N200b shares in block divestment

Dangote Industries Limited (DIL), the majority core investor in Dangote Cement Plc, plans to sell shares valued at more than N200 billion in a partial divestment that will widen the float for Dangote Cement.

NCC: Telecoms sector FDI hits $68 billion

Prof Umar Dambatta, Executive Vice Chairman/CEO who spoke during a sensitization workshop on code of corporate governance for the telecoms industry at the Derenassance Hotel, Ikeja, said these achievements were accomplished in spite of the crushing recession ravaging the economy.

This Day

Nigeria-India Trade Volume Hits $10billion

The Indian High Commissioner to Nigeria, Nagabushana Reddy has disclosed plans by his country to organize an international expo on Information Communication Technology in Nigeria as part of efforts at deepening bilateral relations with Nigeria, even as trade relations between Nigeria and India increased to $10 billion in 2016.

Reuters

Protesters drag Shell Niger Delta oil facility shutdown into fifth day

Protesters on Tuesday dragged the shutdown of a Shell crude oil facility in the Niger Delta into its fifth day, after storming the flow station demanding jobs and infrastructure development last week.

Business Day

CBN eases port charges paid by oil marketers

The Central Bank of Nigeria (CBN), on Tuesday, says payment for port charges to the Nigerian Ports Authority (NPA) and other agencies by oil marketing companies can now be accommodated by the Bank using Form ‘A’.

Nigeria retreats to coal while rest of the world moves on

A new report by the International Energy Association, (IEA) a Paris-based energy sector think tank, shows that global coal production fell by 458 million tons in 2016, but Nigeria is incentivizing coal producers, putting coal top on a list of industries to be granted pioneer status.

 

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Source: Blog

Nigeria’s Socio-Political Milieu: Just before that sigh of relief

Nigeria’s Socio-Political Milieu: Just before that sigh of relief

Take nothing away from Niger Delta and North-Eastern milestones

After stalling for months, the National Assembly finally passed the nation’s 2017 budget in May 2017—albeit coming after a slight alteration in size to N7.44 trillion (vs. N7.28 trillion in FG’s initial recommendation). In line with clause 11 of the bill, the budget is also expected to run for twelve months after presidential assent is effected. Amidst its many provisions, the inherently higher allocation to the Niger Delta amnesty programme (+15% from prior proposal to N75 billion) was particularly notable from a socio-political and economic standpoint—especially in view of its intersection with a period of relative peace in the volatile oil-rich region.

Precisely, after enduring sizable production shut-in’s due to militant incursions for extended periods, improved government conciliation translated to both greater tranquility and the eventual lifting of force majeure on Trans Forcados1 in May 2017 to put an end to 15 months of nonoperation. Pointedly, owing to FG’s increase in amnesty allocation and painstaking conciliation that involved the acting president engaging several militant power-houses, the latest re-opening has been greeted with greater optimism compared to the previous attempt to resume production in November 2016.

That said, despite the oft-associated YoY reduction in the number of pipeline vandalized points (-62% YoY to 82 in April), NNPC’s data indicated another spike in the metric from its lows in December 2016 as early as March—suggesting that the delicate issues of militancy are not entirely dead and buried in the Niger Delta.

Beyond the gains in the Niger Delta, the release of 82 kidnapped Chibok girls from the jaws of Boko Haram in May highlighted a further milestone from FG’s non-militant overtures. Though the release was purportedly secured via a prisoner swap deal, it provided credence to one of the promises of the president’s pre-election campaigns which was unambiguously defined as a commitment to put paid to Boko Haram activities and return kidnapped Chibok teenagers to their parents. Whilst the latest release marks a milestone with the latter part of the objective, large parts of the north east still live in fear of guerilla attacks from factions of the insurgents despite increased territorial gains by the Nigerian military.

In view of this, farming and agricultural activities have remained largely muted in the region with knock-on effect of imminent famine as 4.7 million inhabitants are reportedly dependent on food aid.

 

View complete report here

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Source: Blog

JOB HUNTING TIP 2: Say the truth and nothing but!

JOB HUNTING TIP 2: Say the truth and nothing but!

Dear job hunter, are you prepared for that moment in your job hunting quest you sit face to face with an intended employer?

Preparation involves crossing all your Ts and dotting all your Is; and one of the first things to get sorted is the accuracy of the information on your documents/resume.

In this video, job hunter Fish wants a job so bad but endangers an opportunity he had to get it. Why? His information on paper didn’t tally with his answers.

Don’t be put in this precarious situation.

Ensure that all information on your documents are up to date and accurate.

Don’t search the ceiling for answers when your interviewer asks if he can call one of your referees, and his choice happens to be that one referee who passed on three months ago but you forgot to edit your resume and replace his name.

Don’t be tempted to lie about your age just because you’ve searched endlessly for a job and the organization specified a certain age which is above or below your current age. You may end up blurting it out during your interview under pressure and spoil any chance of getting hired. Bottom line, be truthful with every information you share whether written or verbal. Lies always have a way of coming back to bite you.

It’s a tough world out in the labour market. When job hunting, make the best of an opportunity you get for an interview by doing a basic cross-check and a few necessary edits.

Need more helpful tips as you search for your ideal job? Then follow the Diary of a Job Hunter series every week. You’ll learn a few things that will come in handy when that job interview email, call or text hits your phone.

Meanwhile, watch Fish’s interview blunder in this funny video and don’t forget to stop over next Friday for job seeker tip three. Till then!

The post JOB HUNTING TIP 2: Say the truth and nothing but! appeared first on Realising Ambitions.

Source: Blog

JOB HUNTING TIP 3: Say the truth and nothing but!

JOB HUNTING TIP 3: Say the truth and nothing but!

Dear job hunter, are you prepared for that moment in your job hunting quest you sit face to face with an intended employer?

Preparation involves crossing all your T’s and dotting all your I’s; and one of the first things to get sorted is the accuracy of the information on your documents/resume.

In this video, job hunter Fish wants a job so bad but endangers an opportunity he had to get it. Why? His information on paper didn’t tally with his answers.

Don’t be put in this precarious situation.

Ensure that all information on your documents are up to date and accurate.

Don’t search the ceiling for answers when your interviewer asks if he can call one of your referees, and his choice happens to be that one referee who passed on three months ago but you forgot to edit your resume and replace his name.

Don’t be tempted to lie about your age just because you’ve searched endlessly for a job and the organization specified a certain age which is above or below your current age. You may end up blurting it out during your interview under pressure and spoil any chance of getting hired. Bottom line, be truthful with every information you share whether written or verbal. Lies always have a way of coming back to bite you.

It’s a tough world out in the labour market. When job hunting, make the best of an opportunity you get for an interview by doing a basic cross-check and a few necessary edits.

Need more helpful tips as you search for your ideal job? Then follow the Diary of a Job Hunter series every week. You’ll learn a few things that will come in handy when that job interview email, call or text hits your phone.

Meanwhile, watch Fish’s interview blunder in this funny video and don’t forget to stop over next Friday for job seeker tip three. Till then!

The post JOB HUNTING TIP 3: Say the truth and nothing but! appeared first on Realising Ambitions.

Source: Articles

In the news: Investors anticipate N62.4bn maturing T-Bills

In the news: Investors anticipate N62.4bn maturing T-Bills

Punch

Police exit threatens N6.4tn pension funds

A bill to amend the Pension Reform Act 2014 that will lead to the exclusion of members of the Nigeria Police Force, the Nigerian Security and Civil Defence Corps, Nigeria Customs Service, Nigerian Prison Service, Nigeria Immigration Service and the Economic and Financial Crimes Commission from the Contributory Pension Scheme and other related matters has been of concern to stakeholders in the pension industry.

Nigeria, Morocco collaborate on agric insurance

Nigeria and Morocco have set up a steering committee to develop a sustainable crop insurance scheme for the country.

Lafarge, COREN collaborate on concrete mix design manual

Lafarge Africa Plc has partnered the Council for the Regulation of Engineering in Nigeria for the research and development of Nigeria’s first concrete mix design manual.

US, FG back 20,000bpd oil refinery in Lagos

The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the signing of a grant by the United States Trade and Development Agency.

This Day

FG Warns of Beef, Dairy Products Scarcity

The federal government has raised the alarm on the rising demand for beef in the country, vis-a-vis its availability, saying the gap could lead to the scarcity of beef and dairy products in the country.

Kachikwu: Lack of Access to Finance Hampering Construction of 33 Private Refineries

The difficulties faced by private investors in accessing finance to complete detailed engineering analysis and commence construction work after obtaining the approval to construct (ATC) is the major challenge that hampers the execution of majority of the 33 private refineries licenced by the federal government.

CBN in Stringent Surveillance of Bank Customers’ Naira-denominated Card Usage

The Central Bank of Nigeria (CBN) yesterday disclosed that it was closely monitoring the usage of naira-denominated cards for international transactions by bank customers, following the recent increase in the monthly spending limit announced by several commercial banks.

Investors Await N62.4bn Maturing Treasury Bill

Treasury bills maturity of 91-day and 182-day worth N62.4billion are expected to hit the market this week.

Saraki Promises Swift Passage of Petroleum Industry Bill Components

The President of the Senate, Dr. Bukola Saraki, has said that the passage of the Administrative and Fiscal Policy Bills for the petroleum industry will be key issues for the Senate when it resumes after its annual recess.

Vanguard

Buhari’s govt revival of 11 fertiliser plant leading to export – FEPSAN

The Executive Secretary of the Fertiliser Producers and Suppliers Association (FEPSAN), Alhaji Ahmed Rabiu Kwa, says Nigeria will begin to export fertiliser in the next five years going by the programme of the Presidential Fertiliser Initiative (PFI).

N230bn inflow to lift market liquidity, moderate cost of funds

The interbank money market  will, this week, receive boost of N230 billion inflow, with moderation in cost of funds.

Guardian

Equities market close bullish, indices up by N33b

Whether the bullish run will sustain this week at the nation’s equities market will depend on the quality of half year (H1) results the tier-one banks will unveil in the days ahead.

Labour unions, Akeredolu disagree over N7.6b Paris Club loan refunds

Labour unions in Ondo State have disagreed with Governor Rotimi Akeredolu over factional payment of their outstanding salaries after receiving N7.6 billion Paris Club Loan refunds.

The Nation

$60m World Bank project for Abia: Abia State has received $60 million (about N21 billion) to execute a World Bank-assisted Rural Access and Mobility Project (RAMP).

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Source: Blog

A rewarding investment…

A rewarding investment…

They say August is the month of new beginnings. Well, maybe it is. August is however also holiday month for a lot of people. It is the time to travel with the children, put them in summer camps or have those schooling abroad come home for some family time. While occupying children during the holiday requires a bit of planning and budgeting, August more importantly heralds a new school year for your child’s education.

Yes, we are relieved the kids are returning to school, but we are also aware of the financial commitment that will accompany the new school year. In less than a month, school fees, hostel fees and other educational levies must be paid. If we are at that stage where the kids are going off to university or secondary school next year, we may want to start planning now. It is never early to start planning for the years ahead. You might want to buy property in the country where you would like your children to school or put funds away for the years ahead.

Although you might not consider it as such, but the thousands of Dollars/Pounds or millions of Naira you shell out regularly to finance your child’s education is in every way an investment. It is an investment in your child’s ambition, a deposit made into their future. While the returns may not be measurable in currency notes, this investment is by all means the most rewarding of your investments and should not be handled with levity.

An investment of such great magnitude deserves to be protected in every way possible. It is important that regardless of the turn of events, your child is able to get the quality of education you desire for him/her.

Whatever stage your child is on the education ladder, a Trust is extremely beneficial. You could want to build up funds for your child’s education in the future or ensure continuity of the same quality of education in the face of unforeseen circumstances. There is so much you can benefit from setting up a Trust.

Wondering what a Trust entails and how it can benefit you particularly? Talk to us today, let us collaborate with you to map out a fool-proof plan to finance their education and secure your children’s future.

Click here to schedule a meeting with your Relationship manager.

Trust

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Source: Blog

August Break…Preparing for your child’s education

August Break…Preparing for your child’s education

They say August is the month of new beginnings. Well, maybe it is. August is however also holiday month for a lot of people. It is the time to travel with the children, put them in summer camps or have those schooling abroad come home for some family time. While occupying children during the holiday requires a bit of planning and budgeting, August more importantly heralds a new school year for your child’s education.

Yes, we are relieved the kids are returning to school, but we are also aware of the financial commitment that will accompany the new school year. In less than a month, school fees, hostel fees and other educational levies must be paid. If we are that stage where the kids are going off to university or secondary school next year, we may want to start planning now. It is never early to start planning for the years ahead. You might want to buy property in the country where you would like your children to school or put funds away for the years ahead.

Although you might not consider it as such, but the thousands of Dollars/Pounds or millions of Naira you shell out regularly to finance your child’s education is in every way an investment. It is an investment in your child’s ambition, a deposit made into their future. While the returns may not be measurable in currency notes, this investment is by all means the most rewarding of your investments and should not be handled with levity.

An investment of such great magnitude deserves to be protected in every way possible. It is important that regardless of the turn of events, your child is able to get the quality of education you desire for him/her.

Whatever stage your child is on the education ladder, a Trust is extremely beneficial. You could want to build up funds for your child’s education in the future or ensure continuity of the same quality of education in the face of unforeseen circumstances. There is so much you can benefit from setting up a Trust.

Wondering what a Trust entails and how it can benefit you particularly? Talk to us today, let us collaborate with you to map out a fool-proof plan to finance their education and secure your children’s future.

Click here to schedule a meeting with your Relationship manager.

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Source: Articles

Don’t ask me to trust him!

Don’t ask me to trust him!

Cynthia looked at the wall clock for the umpteenth time, willing time to fly. It was barely 15 minutes into the one-hour counselling session and she was already exasperated. Much as she loved her job as a marriage/relationship counsellor, there were those days and those couples capable of making her rethink her career choice. The Agbabiakas were on the top of that list. How they manage to stay married is nothing short of a miracle. Mrs Agbabiaka disbelieves everything her husband says, certain he has coloured the truth, at best. Mr Agbabiaka is tired of being perpetually labelled a liar. If only his wife would trust him!

Before you label Mrs Agbabiaka an unrepentant doubting Thomas, you might want a sneak peek into her history. Her father started the trail when he persistently lied to her mother that he had an active textile business in Lome. He would go for days and return with goodies for the family. It was only after his life was cut short in a Customs shoot-out that they realised he was a smuggler. Her uncle reinforced the lying trend with the empty promises he made to take care of her and her siblings. She ended up hawking on the streets after he took away everything her father left behind for them. Kunle, the love of her youth too could never be caught telling the truth and Ben, the sales boy she employed when her provision store started to thrive would effortlessly triumph at a lying competition.

To cap it up, Mr Agbabiaka had also lied to her, that one time, when he told her he was off to a business meeting when he was actually hanging out with the boys. If not for Gregory, his loud-mouthed friend who asked how he was coping with the hang over after last night’s fun, she would never have known. He says he only lied that one time, but who can tell? Who knows what else he is lying about? Heaven forbids that she trusts a lying man.

Trust! That thing everyone gives sparingly. Every time someone demands your trust, you weigh them to determine their integrity level. Previous actions and the opinion of other people about them often inform your decision to place or withdraw your Trust. That is why we are confident to demand your Trust. It is because we can boast of a track record of keeping our word.  It is because of the clients whose children could complete their education because they Trusted us. It is because of the numerous assets we have successfully managed for tons of people and our consistency at delivering on the wishes of our clients. Setting up a Trust  means you trust us to manage your assets, preserve your legacy, protect your loved ones, and follow your wishes to the letter.

Wondering what will happen to your assets should anything happen to you? Want to ensure a seamless transition of your assets to those you love without any hassle? Looking for a fool proof way to preserve your legacy and manage your estate?

Trust

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Source: Realising Ambitions