4 reasons to get a life insurance policy this 2020

4 reasons to get a life insurance policy this 2020

The topic of getting life insurance is one you may not want to talk about. But because it is important that you ensure the financial security of people that depend on you, it is worth dealing with.

First, let us break down why you need one.

If you’re a breadwinner, you need a life insurance

Let’s be real, if you are the main financial backbone in your family and anything happens to you, your partner, children and anybody else that depends on you, will probably suffer financially. This is one of the major reasons people get life cover; to ensure a safety net for their loved ones in the face of unforeseen circumstances. With the rising cost of education, you can ensure that your kids will still be able to get the education they deserve should the worst happen.

It is not anticipating bad omen. It is simply facing reality and planning for it.

Got loans?

This is one that you might not have thought about. What becomes of your family if you have taken a loan or got a mortgage and something happens to you and there is no one to pay it off? Proceeds from your life insurance policy can be used to settle these loans ensuring that if the worst happens, your family doesn’t have an additional debt to deal with.

Single but responsible

Now, being single doesn’t mean you don’t have anyone that depends on you financially. It could be an elderly parent, sibling or relative. Having a life cover will make sure that these people you care about will be taken care of regardless of your presence, giving you and them peace of mind.

If you need to take care of future medical expenses

If you can’t predict the future, then you never know what may happen. A life protection plan comes in handy in the event of injuries, accidents or terminal illnesses which may prevent you from working. It saves you and your loved ones from unplanned and expensive medical bills.

While life insurance protects your family in the event of uncertainty, there are also lots of other benefits to getting one. Haven’t already taken out a life insurance? It’s not late.

Get in touch with us today via [email protected] to discuss your options.

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2020 expenses: Which has your name on it?

Some things remain constant with each year while some new situations welcome themselves regardless of our level of preparedness. Here are some things that will likely gulp your money in 2020 apart from your daily home expenses.

School fees – If you’re a parent, you must know that you will pay school fees thrice this year. The last one in September being of a bigger sum because your child will be entering a new class which will demand some financial responsibilities. Start now to plan and save for it.

Valentine’s Day – February still has 14th on it and the world will mark Valentine’s Day. Unless you don’t believe in Valentine’s day (which is fine) you’ll be spending some money this season

New baby – If you’re expecting a 2020 baby, then you must be prepared for the expenses that come with buying baby items, paying hospital bills and the general wellbeing of the child. Also, it’s important not to forget that you could be enrolling this new baby into school by the end of next year, making now the perfect time to start saving towards that big step.

Easter, Christmas and Eid celebrations – Whether Christian or Muslim, you will be marking these special seasons in 2020 and they will require some expenses. Knowing and planning is the surest way to have a joyous celebration without going broke afterwards.

Special birthdays – Be it that of your spouse, child, friend, parent or relatives – birthdays are those celebrations that we don’t count but often leave a hole in our pockets if we don’t budget for them.

Rent – This is an inevitable expense unless you currently live in your own home (without mortgage expenses) . Plan for it as well.

Major milestones – If this is the year you plan to get married, enroll for further certifications, put a down payment on your first home or buy your first car amongst other major milestones; then it is an inevitable expense for you – one that requires planning. The first month of the year is the right time to start planning towards these big steps and the best investment vehicle is your best option to being financially prepared for them.

The unexpected – Emergency car breakdown, hospital bills, last-minute travel expenses, home repairs… name it. Because you know that life can throw you an unexpected curveball at any point, it is wise you have an emergency fund somewhere for the just-in-case moment.

You may not be sure what 2020 will bring, but planning for it will make the seemingly difficult times easier.

Meet all your 2020 expenses by investing towards them starting now. Check out investment options at www.arminvestmentcenter.com

Asset & Resource Management Holding Company Limited Invests in Trove Technologies Ltd to deliver access to global investment opportunities

Asset & Resource Management Holding Company Limited (ARM) is making an equity (investment) in Trove Technologies Ltd (Trove) – a micro-investing application that allows users to invest in financial securities in Nigeria and international markets.

This move is in line with the company’s dedication to leverage technology as a means to change how clients access and consume financial services.

It will be recalled that in May 2019, ARM had partnered with Ventures Platform to launch Labs by ARM which focused on supporting start-ups utilizing technology, applications, and services to solve specific problems. Trove emerged as one of the six participants in the program.

ARM will utilize the Trove application to offer her clients the opportunity of trading in Government Bonds, Stocks, US Exchange Traded Funds and Stocks of US companies. With the NYSE and NASDAQ having a market cap of $30.2 Trillion and $10.1Trillion respectively, making them the most valuable markets which have also consistently outperformed every other market, Nigerians through the use of Trove can have access to these markets.

ARM clients with the ARM Stocktrade App are able to seamlessly participate in the global economy and own shares in valuable companies such as Facebook, Lyft, Pinterest and Zoom to name a few without the need to reside in the US or have social security numbers.

The team behind Trove are repeat founders and finance professionals with experience working in companies in the financial sector such as Goldman Sachs and UBS Investment Bank. They are optimistic that Trove will address the existing bottlenecks in the Nigerian investment space such as lack of access to mature markets while giving Nigerians the chance to take control of their savings and investments.

Speaking about the partnership, Managing Director of ARM Financial Advisers Limited Mrs. Henrietta Bankole-Olusina said “We believe that this is a wonderful opportunity to enlarge the investment playing field for our valuable clients enabling them to trade in diverse stocks and accumulate wealth globally from the comfort of their homes. It is also our hope that this partnership will encourage more millennials to explore the world of investing in order to build a future of realized ambitions.”
The ARM Stocktrade App can be downloaded at the tap of a button on Google Playstore or iOS store.

ABOUT ARM
Established in 1994 as an asset management firm, Asset & Resource Management Holding Company (ARM HoldCo) offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. ARM currently manages total assets of circa N980 billion (as at December 2018), has an AA rating from Agusto and Co. and was named Best Fund Manager, Nigeria by Capital Finance International. The Firm is regulated by the Nigerian Securities and Exchange Commission (SEC). ARM is headquartered in Lagos, Nigeria with offices across the country.

C & I Leasing Plc Seeks to Raise N3.2 billion Right Issue

C & I Leasing Plc Right Issue

C & I Leasing Plc is seeking to raise N3.2 billion by way of Rights Issue. The company is offering 539 million ordinary shares of 50 kobo each at a rights price of N6.00/share to existing shareholders based on 4 new ordinary shares for every 3 ordinary shares held as at 4th of September 2019.  The Rights issue opened on the 18th of November 2019 and closes on the 27th of December 2019.

Use of Proceeds

  • Capital Restructuring. Ensure optimum capital structure that appropriate balance of debt and equity.
  • Repayment of Short-Term Loans. Reduction of short-term debt through the redemption of some existing Commercial Papers.
  • Working Capital Needs. Provide working capital requirements as the needs arise.
  • Business Expansion. Acquisition of equipment and vessels to expand the marine services business. Increase in fleet.
  % N Expected Completion Time
Business Expansion 29.2% 943,350,630 18 Months
Refinancing of Loans 58.3% 1,886,701,260 1 Month
Investment in Working Capital 9.7% 314,635,638 6 Months
Issue Expenses 2.8% 89,332,470 Immediately
Total 100.0% 3,234,019,998

About C&I Leasing

The Company was incorporated in 1990 as a limited liability Company and duly licensed by the Central Bank of Nigeria to offer operating and finance leases and other ancillary services.

Over the years, C&I Leasing Plc has enjoyed consistent growth and has expanded its scope of business to cover major sectors of the Nigerian economy, providing specialized services, in Marine, Telecommunications, Oil and Gas, Equipment Rentals, Manpower Outsourcing and Transportation

The Company provides the following services

  1. C&I Marine – a leading Nigerian content player in the offshore marine vessel space, operating a fleet of over twenty vessels that include terminal tugs, patrol vessels, fast support intervention vessels, and a platform support vessel.
  2. C&I Outsourcing – outsourcing services with strength in various Human Resource competencies. They have access to a large database of skilled and experienced hires for both permanent and temporary roles ranging from Engineers to direct sales agents, diverse professionals, and consultants.
  3. C&I Fleet Management structured fleet management business support service designed to meet the diverse needs of clients regardless of the number of cars they own
  4. SDS Training Services – accredited training institute and associate member of the International Federation of Training and Development Organizations providing carefully designed modules of training and education programs
  5. CITRANS Telematics Solutions – Nigeria Communications Commission (NCC) licensed provider of unique fleet management solutions to suit various business needs. The platform offers a hardware configuration that includes a built-in accelerometer for intelligent driver behaviour with all its applications monitored remotely from a web-based software.

The Company has two (2) subsidiaries;

  • Leasafric Ghana Limited

Leasafric Ghana Limited was incorporated in March 1992 and licenced by the Bank of Ghana as a non-bank financial institution to carry out the business of finance leasing as its principal business. Leasafric has since then been running an Asset Finance business using the technique of finance leasing.

  • EPIC International FZE

This asset-based subsidiary was incorporated in 2011, as a free trade zone establishment in United Arab Emirates and licensed to trade in ships and boats, ships and boats spare parts, components and automobile and it commenced operations fully in 2014 with four vessels. The vessels are then chartered from C & I Leasing by the various international oil companies. This arrangement has expanded and helped grow the fleet size of C & I Leasing to 22 vessels currently.

Evolution of C&I Leasing

 

Financial performance

Revenue, PBT, and Shareholder’s Fund (N ’billions)

What to do with your rights

  • Subscribe to the rights issue to purchase in full:

To take advantage of the rights issue in full, you would need to pay the full amount according to the number of shares you are allowed to purchase. As you are getting the shares at a discounted price the average share price would be lower than the total current market value. So, if you buy those shares and sell them immediately then also you would be in a profit.

  • Sell your rights to other investors:

In most cases, your rights allow you to choose whether you want to buy those shares or sell your rights to other investors or to the underwriter.

For more Information…

Contact customer service at ARM securities at +234 (1) 2701096, 2701653 or [email protected] to gain access to application forms

ASK SADE: Help! My daughter-in-law wants my son to write a Will

ASK SADE: Help! My daughter-in-law wants my son to write a Will

Dear Sade,

My son who is 34 years old called to tell me that his wife of 2 years is encouraging him to write his Will. I’ve tried to wrap my head around it. I, his father who is 70 have not written a Will and this young woman is telling my son to. Should I be worried? My wife is already painting scary scenarios that cause us to suspect our daughter-in-law who has by the way been nothing but good to us. Please reply.

Thank you.

Mr. Anthony from Port Harcourt

 

ANSWER

Dear Mr. Anthony,

I can understand why you would have concerns regarding your daughter-in-law’s advice to your son.  Writing a Will is typically not a common practice for young people, and it could be perceived as absurd in our society, that a wife would be encouraging her young husband to have one in place. More so, there is the myth that writing one’s Will inevitably leads to the person’s death.

While your daughter-in-law’s actions may appear bold and even worrying to some, I encourage you to be dispassionate in your view so as to appreciate the benefits of actually having a Will in place, not just for your son’s benefit but also yours. A Will offers one peace of mind knowing that one’s estate and affairs are in order. It gives one the opportunity to determine how and to whom his/her assets would be distributed at his/her demise. It also serves as an inventory of assets to help family members identify the assets at the relevant time.

Where there is no Will in place to determine what becomes of a deceased person’s estate, family members left behind, in addition to the emotional distress they have to deal with at the loss of their loved one, are more often than not also left in a state of confusion as to how to administer or access the assets of the deceased. This is certainly not an ideal situation for anyone to leave his or her family in.

Please consider your daughter-in-law’s actions as noble and encourage your son to do what is best for his family. You should also take decisive steps towards putting your estate plan in place by engaging a reputable firm renowned in these matters to advice you on what estate plan best suits your circumstances.

I wish you and your family the very best.

Cheers,

Sade

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Baby, I’ve lost my job!

Baby, I’ve lost my job!

Bisola was in the kitchen when her husband, Ken returned from work. She heard him open the door and the children greet him, but he didn’t pop into the kitchen to hug her from behind as was his usual greeting. She knew something must be wrong. Wiping her wet hands on the towel hanging from the rack, Bisola took off her apron and made for the bedroom to see Ken.

She found him sitting on the bed with head on his palms. She sat quietly beside him and placed an arm on his shoulder before asking “Baby, is everything alright?”

Ken looked up and she knew for a fact that the news wasn’t good. “Darling, you remember the rumour I told you I heard about our company downsizing? Well, it turned out to be a fact.” He handed her a letter: “I’ve lost my job.”

As Bisola held the paper in her hands, she could not read as tears had blurred her eyes. Instantly, she thought about the welfare of the family seeing as she and Ken had agreed for her to stay home and look after the children. How would they pay rent, school fees, afford to maintain their two cars, feed… her thoughts were all over the place as tears rolled down her cheeks.

She wanted to tell Ken it would all be fine but wasn’t sure of it. Ken then immediately looked up at his quiet wife and saw her demeanour. He quickly pulled her into a reassuring embrace before saying “Come on babe, don’t cry. I’m sad this happened, but we’ll get by don’t worry. I’ve already sent out my CV to lots of friends who are decision-makers in their various companies…I’m sure something will show up.”

“But what if it doesn’t show up now or in the next couple of months? What are we going to do?” Bisola asked worriedly. “Remember we have an emergency fund for times like this. The money we started investing 4 years ago? It has multiplied enough to carry us through the next 24 months if need be. Which of course we won’t be needing because I’ll be back on my feet in no time!” Ken replied.

Bisola smiled. She had forgotten about that little investment they made which had been growing especially because they chose the direct debit option which ensured there was no interruption to remitting the funds.

Ken later adjusted to doing freelance gigs and in a few weeks, got a call for an interview.

We don’t know how that interview will turn out. What we do know, however, is that Ken and his family will be alright because their Emergency Fund will make sure of it.

Do you have an Emergency Fund? Explore an array of investment options at www.arminvestmentcenter.com and start saving because you never know what tomorrow holds.

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Tips to Stay Healthy during the rainy season

Tips to Stay Healthy during the rainy season

It feels good when it rains and the atmosphere looks fresh and exciting  As much as the rainy season brings joy and freshness, there is also a healthy impairment of people.

Due to excessive moisture in the rainy season, the biggest fear of the spread of flu, malaria, bacterial, and viral diseases remains. However, there are some tips which help you to stay healthy, away from these diseases in the month of this rain.

1. Wash your hands properly

It is very important to wash hands regularly in the month of rain. We go to many places, meet many people, touch many things.

Someone else may have some infection, and you have contaminated with them, or you may have been sitting on a bench with bacterial or viral infection or someone affected by disease touched that thing. So regularly wash your hands with lukewarm water and soap.

2. Do not touch your face repeatedly

Most bacteria and viruses penetrate our body through the mouth, nose, and eyes, so do not touch your mouth again and again in the rainy season.

Do not wander on your head repeatedly, or turn your hands on the face, keep a napkin or handkerchief with it and use it.

3. How to avoid dirty water

It is normal to see filling gutters and pits with water in the month of rain. Due to the accumulation of water, diseases related to water are generated, such as diarrhea, influenza, cholera, and fungal skin diseases.

Always drink boiled water in the month of rain. Use raincoats and umbrellas as soon as possible. Do not get too wet in water and if possible, use rubber shoes to avoid dirty water.

4. Do not eat outside

If you are afraid of getting the disease, they never think to eat outside. Do not even think of eating food on the road side this month. Those who are fond of eating fast food know that most bacteria and viruses are produced in the month of the rain in hotels and canteen food.

Eat fresh and clean food made in the house as long as possible and stay agile in the month of rain.

 

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Ahead of Auction | Nigerian Treasury Bill | May 16 2019

Ahead of Auction | Nigerian Treasury Bill | May 16 2019

 

  • The Central Bank of Nigeria will be holding their 6th NTB auction of the year where it plans to rollover N50 billion worth of Nigerian Treasury bills split between 91 Day – N18 billion, 182 Day – N17 billion and 364 Day – N20 billion.
Tenor Amount sold at the last auction  

(N billions)

 

Previous stop rates

Amount on offer tomorrow

(N billions)

91 5.8 10.29% 5.8
182 29.2 12.6% 29.2
364 23.3 12.85% 23.3

 

  • Our take. With the recent approval of the N8.9 trillion appropriation bill by the Senate, the stage appears set for a ramp up in borrowings over the rest of the year. In fact given the lower NTB maturity profile over the next few months and lower interest rate environment, the case for NTB net issuance at tomorrows auction appears reasonably priced. However, if recent trend at the NTB auctions are anything to go by, we see FG maintaining its unflinching stand towards rolling over maturing NTBs in a bid to trim its cost of debt service.

 

  • That said, going into tomorrow’s auction, we rule sizeable NTB issuance and at best see FG rolling over its entire maturity for tomorrow. Also in line with recent pattern, coupled with pent up liquidity in the system, we see build up in demand at the 364 Day leg which bodes well for FG’s bargaining power. Assembling these factors, we see room for lower rates at tomorrow’s auction. Please our expectation below:
PRIMARY MARKET CALENDAR & STOP RATES
(TREASURY BILLS)
DATE 91 DAYS 182 DAYS 364 DAYS
16-May-19 13.35% – 13.71% 17.35 – 18.34% 13.56% – 14.00%
02-Aug-17 13.42% 17.40% 18.53%
19-Jul-17 13.43% 17.40% 18.55%
05-Jul-17 13.50% 17.50% 18.60%
21-Jun-17 13.50% 17.50% 18.65%
14-Jun-17 13.50% 17.30% 18.69%
31-May-17 13.40% 17.14% 18.65%
17-May-17 13.50% 17.15% 18.70%
03-May-17 13.60% 17.26% 18.82%
19-Apr-17 13.60% 17.40% 18.98%
05-Apr-17 13.55% 17.21% 18.74%

 

 

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