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Author: Boma Omuso
Things to Know About Home Finance and Real Estate Investing
Home loans are the top home financing options for enabling people to fulfill the dream of owning a home. While financial institutions are willing to lend, you need to be aware of how this type of home finance works to avoid disappointment. Familiarizing yourself with a financial product is essential before committing to a transaction…
Nigeria’s pension assets should have surpassed N37trn – Chidi Duru
From the key role he played as chairman of the House Committee on Pension in 2004, in the enactment of the Pension Reform Act 2004, to his establishment of First Pension Guaranty (FPG) Limited, also in 2004, Hon Nze Chidi Duru has been a prominent figure in Nigeria’s pension industry. In this interview, he provides…
Nigerian govt clears N54 billion pension backlog – Minister
Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the federal government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to the National Pension Commission, PENCOM, for onward payment to the retirees, Minister of Finance, Mrs.…
10 Things You Need To Know About Pension In Nigeria
Your pension fund administrator (PFA) will take your questions and give you all the information you need to make the right choices as you prepare for life after work. Furthermore, here are 10 things you should know about your pensions before you retire. 1. What’s the due date and payment mode? If you choose to…
Importance of your Pension Plan for Retirement
Pension plans serve as a means of financial stability and security after retirement. It is an insurance plan providing financial coverage for your old age and is sponsored by the company fund. In other words, a certain amount of your current income is transferred and stored for your future. This money is then given to…
9 Ways to Cut Costs
Summer can be a pricey time of year after factoring in vacations, entertaining the kids and running the A/C on extra high. Whether you plan to travel afar or stay local this summer, these 9 money-saving tips and tricks can help keep more money in your bank account. #1 Bank on Free Fun …
How to Rank Your Investments: Your Financial Pyramid
When it comes to investing for future goals, we can’t always do it all, at least not at the same time. We need to make some hard choices. But the best approach may not be super clear. For example, if you have a child headed to college soon with nothing saved for his or her…
Why Renting is Better than Buying?
You’ve heard the expression countless times: Paying rent is like flushing money down the toilet. I get it. There are strong reasons for purchasing a home. I’m a homeowner and can attest to the fact that it provides my family with more stability, knowing a landlord can’t kick us out. Purchased at the right time…
Unconventional Ways to Save Money
Consumer expert Kerry Taylor shares how she convinced millions of people to embrace a life of thrift by reflecting on our disposable lifestyle, impulsive spending habits, and by challenging conventional views on accumulating wealth. Moving from the city to a rural organic farm changed her perspective on money, and she explains why saving is about…
Having your first baby: Money matters
The guide to sorting your finances when you’re expecting a baby Tidy up your finances The first step is a general overview of your family finances. Make sure you’ve trimmed your spending where you can and you’re saving sensibly. Time will be tight once the baby arrives, so go through your financial ‘to do’ list…