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Best Ways To Invest For Retirement Income

Walter Updegrave

An expert in financial management, Walter Updegrave, has noted that when it comes to tapping savings in retirement, many retirees fall into what he called the Income Investing Trap. He said they will tilt their portfolios almost exclusively toward “income” investments—dividend stocks, high-yield bonds, annuities, etc.—figuring this is the best way to assure a safe supply of spending cash throughout ...

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NMRC: Galvanising Mortgage Lending With N8b Bond

Inyangete  and Wigwe

The Nigeria Mortgage Refinance Company took a bold step during the week when a milestone achievement in the development of the Nigerian debt capital market was recorded when FMDQ OTC PLC (FMDQ) listed 8,000,000,000 Series 1, 15-Year 14.9 per cent Fixed Rate Bond  by the company under a 140,000,000,000.00 Medium-Term Note Programme on its platform. Bamidele Ogunwusi, was there and ...

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Ways Consumers Can Avoid Or Minimize Bank Fees

Personal Finance

Bank customers may not really know how enormous the little fees, being collected by their banks on services such as overdraft and online bill payment, could amount to until when they take the time to compute it. This may in the long run affect their income and their ability to save and invest more. According to Teresa Mears, an editorial ...

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How To Invest Small Amounts Of Money Wisely

Personal Finance

To many people, investing in stock is for the rich. But Wiki How to do anything, an investment advisory portal, thinks otherwise. In this piece, contributing expert advises on what and how you can invest small and watch your investment blossom. “Contrary to popular belief, the stock market is not just for rich people. Investing is one of the best ...

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Local Farmers Need More Information To Succeed -Oyenubi


Comrade Lanre Obafemi Oyenubi is the State Chairman, Agriculture and Allied Employers Union of Nigeria, Lagos State Council.  He is aspiring to become the National President of the Union in May 2016. In this interview, he bares his mind on the state of agriculture in the country and his agenda for agriculture workers and other related issues in the sector. ...

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NUPENG Donates N1m To IDPs, Tasks Buhari On Improved Welfare


By Innocent Oweh, Abuja The National Union of Petroleum and Natural Gas Workers (NUPENG) has tasked the Federal Government to devote more resources for the welfare of internally displaced persons scattered all over the country. Over 1.5million people are reported to have flee to other parts of the country as a result of insurgent attacks occasioned by the Boko Haram ...

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Nigerian Wins ITU 2015 Young Innovators Competition


By: Emmanuel Okwuke, Lagos The International Telecommunications Union (ITU) has announced a Nigerian, Ogbonnaya Bassey, as the winner of the final Telecom World 2015 Young Innovators Competition challenge. A Turkish innovator, Ugur Can Bastik, whose entry also won an ITU award, would join Bassey. The duo are expected to take part in ITU Telecom World 2015, the global ICT innovation ...

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AfBAA Lists Open Skies, Safety Bane Of Commercial Aviation In Africa


Stories by Abel Orukpe, Lagos African Business Aviation Association (AfBAA) has stated that issues such as open skies policies, safety and regulation are affecting commercial and business aviation in Africa. Founding Chairman of AfBAA, Tarek Ragheb, stated that this similar issues were cropping up across the board and by bringing delegates together they would be able to discuss the issues. ...

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NAMA Trains 15 ATCs On Terminal Radar Surveillance

Air port

AS part of efforts to boost capacity of existing manpower in Air Traffic Management (ATM) for the implementation of Performance Based Navigation (PBN), the Nigerian Airspace Management Agency (NAMA), has embarked on the training of 15 Air Traffic Controllers (ATCs) on a combined Terminal Approach Surveillance Radar/Area Airways Surveillance Radar course at the Nigerian College of Aviation Technology (NCAT), Zaria. ...

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Pilgrimage: Ambode Assures NCPC Of Support

Governor Akinwunmi Ambode

Stories by Abel Orukpe Lagos The Governor of Lagos State, Mr. Akinwunmi Ambode, has assured the Nigerian Christian Pilgrim Commission (NCPC) that the state government will improve its support to the body to ensure that more Christians from the state go on pilgrimage to holy lands. This is just as he said that pilgrimage is a life changing experience worthy ...

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Africa Has Very Huge Hospitality Market – Wale


President for Starwood, Europe, Africa and Middle East, Michael Wale has said that Africa hospitality market has a very huge potential whose demand for travel and quality lodging will continue to grow. This is just as the Hospitality leader; Starwood Hotels and Resorts Worldwide, said that it presently has a strong footprint with 34 operating hotels and a robust pipeline ...

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NIMASA, Navy To Review Maritime Security MOU

Mr. Haruna Baba Jauro

By Andrew Airahuobhor Lagos A review of the existing Memorandum of Understanding between the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy is being considered to reflect current realities and to make it more effective and beneficial to both organisations and the country at large. By the provisions of the MoU, NIMASA provides the platform and Nigerian ...

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Bi-Courtney Created 3,000 Jobs In Eight Years – BASL COO

Stories by Abel Orukpe, Lagos Bi-Courtney Aviation Services Limited (BASL), operator of the only private airport terminal in the country, has said that one of the socio-economic achievements of the Public Private Partnership (PPP) for BASL in particular and the aviation industry as a whole is the creation of jobs for 3,000 people in the last eight years. The Company’s ...

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BA’s Refurbished B747 Commences Flying

BA said that the first of its 18 Boeing 747s with a refurbished interior and state-of-the-art in-flight entertainment system is to take to the skies from Heathrow to New York JFK this week. The refurbished aircraft, according to the airline, will now operate on selected flights to New York JFK, Chicago, Lagos, Dubai, Boston, Riyadh and Kuwait, with further routes ...

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UNWTO Welcomes Adoption Of Sustainable Development Goals

The United Nations World Tourism Organisation (UNWTO) has welcomed the adoption of the Sustainable Development Goals (SDGs) just as it reiterated its commitment to work towards the implementation of the Goals. Tourism is one of the most dynamic economic sectors, with significant global reach that can make an important contribution to the achievement of the SDGs, particularly in the areas ...

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WAI Launches Catch Girls Young In Aviation

By Abel Orukpe, Lagos The President of Women in Aviation International (WAI), Nigeria, Mrs. Rejoice Ndudinachi, has stated that the essence of the ‘Girls in Aviation Day’ is to attract girls to the careers potential in the aviation industry and to catch them young. The WAI boss, who said this while speaking at the first ‘Girls in Aviation Day’ at ...

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FMDQ OTC Records N93.894tr Transactions In Nine Months


By Bamidele Ogunwusi Lagos FMDQ OTC Plc, which runs the platform for the secondary trading of fixed income securities and currency has continued to attract high patronage recording N93.894 trillion worth of transactions from January to September 2015. The FMDQ OTC Market Turnover Report shows the turnover on all products traded on the FMDQ secondary market – Foreign Exchange (FX), ...

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Nigeria Ranks 124 In Global Competitiveness Index


By Sola Alabadan, Lagos The 2015/16  results of the World Economic Forum (WEF)’s annual Global Competitiveness Index released on Wednesday sees Nigeria placing 124 out of the 140 countries evaluated. Nigeria ranked 127 last year. This development took place in spite of the fact that some African countries including Mauritius coming in at an impressive 46, followed by South Africa ...

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NDIC Charges Jaiz Bank On Benefits Of Non-Interest Banking

Nigeria Deposit Insurance Corporation

By Bamidele Ogunwusi Lagos Nigeria Deposit Insurance Corporation (NDIC) has admonished the Management of Jaiz Bank Plc to embark on intensive public awareness and financial education on the benefits of non-interest banking practice in the country in order to improve the volume of patronage. Managing Director of NDIC, Alhaji Umaru Ibrahim, stated that the benefits of profit and loss banking ...

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FG May Suspend Payment Of Compensation To Poultry Farmers

poultry farmers

Stories by Seyi Taiwo-Oguntuase Lagos The Federal Government has warned that it may suspend the payment of compensation to poultry farmers whose farms were infected by Avian Influenza (AI) pending when substantial progress on bio-security and other containment measures are put in place by the Poultry Association of Nigeria (PAN) and state veterinary services. Permanent Secretary, Federal Ministry of Agriculture ...

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Group Backs FG On Industrial Growth, Job Creation

As part of its support towards Federal Government’s industrial growth and job creation, the Commerce and Industry Correspondents Association of Nigeria, CICAN, is organising an interactive forum to discuss possible ways of boosting the nation’s industrial growth as well as creating more jobs to the teeming unemployed youths. President Mohammadu Buhari had promised to diversify the nation’s economy through agriculture ...

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Banks, Operators Differ On SMEs Funding

By Ikechi Nzeako Lagos Small and medium enterprises (SMEs) play very important roles in the development of the Nigerian economy because they possess potential to generate employment, improve local technology, develop indigenous entrepreneurship and enhance integration with large-scale industries. However, the SMEs in Nigeria have not contributed optimally to the development of the economy because of many factors, some of ...

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BoI Plans 35 SME Clusters For Product Specific Lending

Stories by Ikechi Nzeako, Lagos As Nigeria seeks the way to help small businesses develop and absorb a part of the teeming unemployed persons in the country, the Bank of Industry has said it has identified 35 small and medium enterprises (SMEs) clusters in the country to which lending will be driven by product programmes with repayment primarily from the ...

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FCMB Hosts Journalists on New Media

Anyone mourning the “death of journalism” based on the closure of a few newspapers hasn’t been paying attention. The exponential growth of Internet connection speed and accessibility has ushered in a journalistic renaissance, fusing art, reporting, and storytelling into a single pursuit. Multimedia and new media journalism are the new normal, and anyone hoping to thrive in the competitive journalism ...

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