“Without prejudice to subsection (1) of thissection, any employee who disengages or is disengaged from employment before the age of 50 years and is unable to secure another employment within four months of such disengagement may make withdrawal from his retirement savings account in accordance with the provisions of section […]
The Asian Currency Crisis of 1997 – Lessons for Nigeria
In the spring of 1997, Thailand spent billions in defending its currency (the Thai Baht) against speculative attacks, finally capitulating and devaluing the Baht in July 1997. This triggered moves throughout the region to defend currencies against speculators. Ultimately, these efforts were not successful and many countries abandoned the effort […]
UBA issues a notice of early redemption to investors (bondholders) – a look at callable bonds
On Friday 29th May, 2020, one of Africa’s biggest banks, United Bank for Africa Plc (UBA), issued a notice of early redemption to investors, exercising the call option attached to the bond at the issue date, thereby informing investors that the bond will be redeemed on 30thJune, 2020. The bond […]
Why saving your money in a bank may be bad for you
“‘Tatty’ (thirty) billion for the account…”. It is fair to say that these words made the famous song “If” by Nigerian afro-beats sensation, Davido, the success that it was. In hip-hop, R&B and afro-beats, where bragging about riches and success is by far the most popular theme, there have not […]
Mutual Funds – An Effective Investment Vehicle / Strategy?
As promised in my last article, Investing during a global recession, today we will explore one of the most important investment vehicles for individuals and institutions – mutual funds. Despite their popularity, mutual funds are often misunderstood or understood only in a limited extent, even by many individuals with mutual […]
Investing during a global recession: How to position your finances during and after the COVID-19 crisis
Investing during periods of uncertainty can be more complicated than investing during almost any other phase of the business cycle, particularly from a behavioural / emotional perspective. It can be especially painful for investors who already had a sizable portfolio at the peak of the cycle, and who may have […]
The Great Lockdown – Life After the Pandemic
The Coronavirus continues to spread across the globe, bringing with it fear and uncertainty, as well as high and rising human costs. With almost 2.7 million confirmed cases as at Thursday, 23rdApril, the impact of the pandemic on economic activities has started to take its toll. The extent of the […]