Review of 2015

Seun in 2015 proposed in his heart to be a better person by the end of 2015. He wrote down the areas of his life that needed improvement, which included losing at least 23kg body weight, being a chartered professional and saving a minimum of N500,000 at the end of the year towards purchasing landed property in the suburbs.

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Five  Million Naira with some extra is what Obinna Nsika will realize from the sale of his shares in Nestle, if he decides to sell all his holdings 21 years after they were bought. Interestingly, Obinna is just 21! 

Sometime in 1994 when Obinna was born, his parents decided that it was best to save funds for the little infant’s future. They started investing in shares on his behalf , thus making him a shareholder in Nestle Foods and did the same for his two other siblings.

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Banking Sector: Q2 2015 Earnings Review



•We have made upward revision to our FY 2015E following the better-than-expected Q2 2015 results. Our new forecasts combined with the current depressed price levels have led to rating upgrade across our universe of banking stocks: Guaranty Trust Bank (GTB, upgrade to HOLD); FBNH (upgrade to BUY); Access Bank (upgrade to BUY) and Zenith Bank (BUY recommendation maintained).

•Across our coverage universe, we have made upward revisions to our earnings forecasts post the Q2 2015 results. This was informed by a mix of a strong q/q growth in interest income, which more than offset the rise in OPEX and the huge spike that we saw in the sector’s impairment charges. We highlight that our conservative estimates post the Q1 2015 results also contributed to the upward review of our earnings forecasts.

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First impressions matter when you want to build a lasting trust. Research shows that two traits; trustworthiness and confidence, account for 80 to 90 percent of first impressions. Several things work together for a good first impression; dressing, body language, greeting and your conservative etiquette.

1. When you meet someone for the first time, even before you approach or the person approaches you, you try to come to conclusions on what type of person they could be. It is said that you should dress the way you prefer to be addressed. Some industries have a more casual dress code than others. You should stick to your organization’s dress code to avoid being perceived as unruly and when in doubt of what to wear, be conservative.

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Bad habits are easy to imbibe especially when you are young, but they are not easy to break. Bad money habits include overspending, under saving and racking up credit cards. Most Bad money habits are usually done unconsciously and they limit a person’s chance at being successful.  Anybody who desires to be wealthy must understand money and how to handle it. A famer who doesn’t understand the climate or seasons cannot be successful and he would eventually run into trouble. In the same vein bad money habits will limit anyone. Saving is a very good and important money habit that one needs to imbibe to be successful. 

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Catch Them Young

The growing years of a child is an aspect that should not be treated with levity as this is the period when habits are formed. Raising successful children is not just about providing for their welfare and educational needs but also instilling important principles in them.

A child’s financial habits usually determine his future finances. A child who has imbibed the habit of investing cash gifts received from relatives, friends and awards would eventually become a financially prudent adult. Parents should take the responsibility of educating their children on savings and investments by encouraging making them to set aside a little from their pocket monies and also encourage them to go as far as earning extra monies by taking up some chores. 

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The Art of Investing 5 – Alternative Investments

Alternative Investment

Alternative investments refer to investment products other than the traditional investments in stocks, bonds or mutual funds. Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of their complex nature, limited regulations and relative lack of liquidity. Alternative investments include hedge funds, managed futures, real estate, commodities and derivatives contracts. 

While the small investor may be shut out of some alternative investment opportunities, real estate and commodities such as precious metals are widely available.

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The Art of Investing 4 – Bonds

Bonds Investment

A bond is a debt security in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon fixed intervals (semiannual, annual, sometimes monthly ) to use and/or to repay the principal at a later date, termed maturity. Bonds provide the borrower with external funds to finance long-term investments for corporate organizations, or, in the case of government bonds, to finance current expenditure.

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Things Only Entrepreneurs Would Understand – 2

I am sure you still remember that “Entrepreneurship is a lifestyle born of a process (i.e. principled steps made-up over time) and a continued optimistic and developmental mindset”.  So having read through the first part, this is the concluding part of those things only an entrepreneur would understand.


1. You always want to move onto the next big thing

Ideas are constantly flowing through your mind and you want to put them into practice ASAP.


2. You constantly write down ideas

Whether it’s on an iPad or the napkin in a restaurant; if you have an idea you are going to make a note of it.


3. You accept that some ideas can be & or are just crazy

You’ll have 99 crazy ideas but understand that just one needs to be perfect.

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Personal Finance Plan For The Year

1.Create a spending plan.

It is important that you create an annual budget by allocating spending goals for each need category. Then you should also consider debt payments, savings, household costs and optional items such as entertainment.


2. Track your spending.

Don’t just create a spending plan; keep track of ALL expenditure over a month. That way you can track and check unnecessary wastes.

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