In the news: FG to borrow N110bn via bond auction

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Punch FG to borrow N110bn via bond auction The Federal Government is planning to raise N110bn by selling sovereign bonds with maturities of five and 10 years on January 24. N’Delta militants threaten fresh attacks on oil assets After a year of ceasefire, militants under the aegis of the Niger Delta Avengers on Wednesday threatened to attack some offshore oil and gas facilities in the oil-rich region in a few days’ time. No suspicious items in 2018 budget, says FG The Ministry of Budget and National Planning on Wednesday said contrary to claims that the 2018 budget was filled with…

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6 things to prioritise during your NYSC Year

By | Job Hunter, Life Bits | No Comments

One year is a long time, yet it can pass by very quickly. Don’t let the one-year compulsory youth service year pass by without adding some value to yourself. On that note, here are 6 things you should do during your NYSC year: Prepare your CV and start sending out: If you don’t have a CV yet, use this time to sit down and draft one. Do your research to see CV writing tips and use them to craft a stellar CV. Keep it to two pages. Once you have your CV, start circulating to family, older friends and to…

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New Year, different you?

By | Job Hunter, Life Bits | No Comments

With the New Year in full swing, what plans do you have to make 2018 better and different from last year? Yes, there are still books to read, the crew to hang with, Valentine’s day to plan for and social media to slay for – but really, are these the only things this year should be about for you? How about using this year to set plans in motion for the future you dream about? Now don’t roll your eyes, I know you’re still a student but you’ll one-day graduate and you don’t want to be among the growing list…

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ECONOMIC UPDATE: Africa Economy back from the Brink

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Given recently released data and estimates, Africa’s economy is back from the brink and on course for a modest recovery in 2017 as higher global commodity prices supported growth in Sub-Saharan Africa (SSA) while fiscal consolidation was responsible for the modest growth seen in the North. Specifically, after increasing at its slowest pace in 2 decades in 2016 (+1.4% YoY), IMF estimates SSA growth at 2.6% YoY following strong rebound in Nigeria, South Africa (SA) and Angola. Whilst higher crude production and prices propelled oil sector growth in the two largest oil exporting nations in Africa, the impact of receding…

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In the news: Nigerian stocks are world’s best with 12% rise

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This Day Oil Marketers Canvass for Total Deregulation of Petroleum Downstream Sub-sector The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry. Vitafoam  Secures N2bn  Loan to Boost Working Capital Vitafoam Nigeria Plc has secured a four-year   N2billion soft loan from the Bank of Industry (BoI) at concessionary interest rate as part of the company’s strategic move to boost its working capital and sustain competitive edge. With 12% Rise in Fourteen Days Nigerian Stocks Are World’s Best…

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Ask Shade: How Do I Convince My Husband to Write a Will?

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Hi Shade, I need your help to save my marriage. I ran into an old friend who bitterly recounted her ordeal in the hands of her in-laws after her husband’s unexpected death. I was greatly disturbed by her story, I kept wondering what would happen to us if anything happened to my husband. I run a small business, but my husband mostly provides for our welfare and the children’s education. So, I asked him if he was thinking of writing a Will as nobody knows tomorrow. He has been angry with me since then and has refused to eat anything…

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In the news: Investors’ wealth appreciates further by N517 billion

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Punch Licence renewal: BDCs seek extension of January deadline The Association of Bureaux De Change Operators of Nigeria, the umbrella body of over 3,500 BDC operators licensed by the Central Bank of Nigeria in the country, has called on the regulator to extend the January 31 deadline set for the renewal of operating licence of its members to March 31, 2018. NNPC seeks 1.46 million MT of petrol for January-April In a sign that the scarcity of petrol in Nigeria could be more widespread than first expected, the Nigerian National Petroleum Corporation has issued a spot tender seeking 1,480,000 metric…

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ECONOMIC UPDATE: Constructive flows to EMs but headwind prospers

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Recovery in EM growth spurs portfolio flows In contrast to a sharp decline in capital flows to emerging markets between 2015 and 2016, portfolio flows proved resilient in 2017. The Institute of International Finance (IIF), estimated portfolio inflows to EMs over 2017 at $243 billion (+40%% YoY)— the highest level since 2014— underpinned by broader global economic recovery, higher risk appetite and favourable global financial conditions. On the pull side, higher commodity prices and improving economic fundamentals which lessened default risk as well as a more stable currency market were key drivers for the strong portfolio flows. Importantly, despite rate…

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Four things to consider before buying a company’s shares

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When you buy a company’s shares, you buy into that company. You buy into both their assets and liabilities.  It is therefore wise to properly consider and research into the company before you invest your hard earned money. If it is a reputable company, you will find information about their activities online. Factors like the profitability of their business activities, the likelihood of growth and expansion and their stake holder relations history are points to consider. You should also look through their annual reports and financial statements. The pivotal points listed below should guide your decision making: Earnings: Consider the company’s…

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Personal Finance with Raphael- Is this a scam?

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Frank moved to Canada some years ago, not long after his university education in Nigeria. He is doing very well in his career and would like to invest some of his money in Nigeria. A friend told him about a product that pays 30% monthly return on saved capital. Frank likes the high return idea but needs to be sure he is taking the right decision. He never wants to get broke, and is scared of losing his hard-earned money. How can Frank ensure investing in the product would be the right decision? Happy New Year Everyone and welcome to…

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