I received an email from First Bank in January prompting me about their transition from LIBOR to ARR. What is LIBOR? What is ARR? What is SOFR? What is the reason for the transition? How does it affect me? LIBOR is an acronym for London Interbank Offered Rate. In layman terms, LIBOR is a daily […]
LIBOR TO SOFR: A NEW DAWN
To save is good, to invest is better. With the high inflation rate eating into our funds, it is no longer sufficient to just save our money in the bank. It is now imperative to make our money work for us. To this end, investing is recommended. To ensure that you make good investment decisions, […]
INVESTMENT DECISIONS – GUIDING PRINCIPLES
The National Bureau of Statistics (NBS), in a report about poverty and inequality from September 2018 to October 2019, stated that about 40% of Nigerians live below Nigeria’s poverty line of ₦137,430 ($381.75) per year based on an exchange rate of NGN360/$1 as at early 2020. It said that represents 82.9 million people. The report […]
MAKING YOUR WAY TO THE UPPER CLASS
As the new year comes with new surprises and excitement, it is easy to lose yourself in over-spending. This article will help you understand the need for a financial plan and ways to set one up. We all want to have good money management skills. This includes creating and sticking to a financial plan, whether […]
FINANCIAL PLANNING
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