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31/08/2023

N190BN UNCLAIMED DIVIDENDS: HOW TO GET YOURS
In Nigeria today, there are about N190 billion unclaimed dividends. There are many reasons why people left their dividends unclaimed. Maybe they moved and forgot to update their addresses with their investment companies. Maybe they inherited shares and didn’t know they were entitled to dividends. Maybe they simply lost track of their investments or some of them are dead.
Last week, Seyi Abiodun, a popular finance coach, made a post about unclaimed dividends, enlightening his followers on how to know if they have unclaimed dividends and hence how to claim them.
“You may have unclaimed dividends either from your personal investments, or from a parent, a grandparent, a spouse, or any other family member. Sometimes, I casually check the portal just in case my grandfather has shares hiding somewhere, you never know,” he said.
Abiodun’s post had garnered over 200 comments at the time of writing the article, with many saying they checked the portal and found out that they had unclaimed dividends.
For instance, one of his followers wrote: “Thank you… I found my name. I remember I invested in Transcorp in 2010 and just found my name. I downloaded the e-mandate form and it requires me to indicate the date I opened my bank account.”
Another person said: “I checked the list and my dad’s name is on it; he has a share with Dangote Flour Mill but unfortunately, he’s late. Please, how do I go about that? Thanks.”
Last week, the Securities and Exchange Commission said that the unclaimed dividends stood at N190 billion.
Many Nigerian companies pay dividends, some pay twice a year — interim (January-June) and yearly (January-December) dividends.
To reduce rising unclaimed dividends over the years, SEC, in collaboration with the Central Bank of Nigeria and the Nigerian Inter-Bank Settlement System, launched the Electronic Mandate Management System platform.

Source/ BusinessDay

26/04/2023

LIFE LESSONS TO BE LEARNT WHEN YOU ARE STILL AT WORK

1. Build a home earlier. Be it rural home or urban home. Building a house at 50 is not an achievement. Don't get used to government houses. This comfort is so dangerous. Let all your family have good time in your house.

2. Go home. Don't stick at work all the year. You are not the pillar of your department. If you drop dead today, you will be replaced immediately and operations will continue. Make your family a priority.

3. Don't chase promotions. Master your skills and be excellent at what you do. If they want to promote you, that's fine if they don't, stay positive to your personal.
development.

4. Avoid office or work gossip. Avoid things that tarnish your name or reputation. Don't join the bandwagon that backbites your bosses and colleagues. Stay away from negative gatherings that have only people as their agenda.

5. Don't ever compete with your bosses. You will burn your fingers. Don't compete with your colleagues, you will fry your brain.

6. Ensure you have a side business. Your salary will not sustain your needs in the long run.

7. Save some money. Let it be deducted automatically from your payslip.

8. Borrow a loan to invest in a business or to change a situation not to buy luxury. Buy luxury from your profit.

9. Keep your life,marriage and family private. Let them stay away from your work. This is very important.

10. Be loyal to yourself and believe in your work. Hanging around your boss will alienate you from your colleagues and your boss may finally dump you when he leaves.

11. Retire early. The best way to plan for your exit was when you received the employment letter. The other best time is today. By 40 to 50 be out.

12. Join work welfare and be an active member always. It will help you a lot when any eventuality occurs.

13.Take leave days utilize them by developing yr future home or projects..usually what you do during yr leave days is a reflection of how you'll live after retirement..If it means you spend it all holding a remote control watching series on Zee world, expect nothing different after retirement.

14. Start a project whilst still serving or working. Let your project run whilst at work and if it doesn't do well, start another one till it's running viably. When your project is viably running then retire to manage your business. Most people or pensioners fail in life because they retire to start a project instead of retiring to run a project.

15. Pension money is not for starting a project or buy a stand or build a house but it's money for your upkeep or to maintain yourself in good health. Pension money is not for paying school fees or marrying a young wife but to look after yourself.

16. Always remember, when you retire never be a case study for living a miserable life after retirement but be a role model for colleagues to think of retiring too.

17. Don't retire just because you are finished or you are now a burden to the company and just wait for your day to die. Retire young or whilst energetic to enjoy waking up for a cup of coffee, enjoy the sun, receive money from your business, visit nice place that you missed and spend good time with family. Those who retire late, spend about 95% of their time at work than with their family and that's why they see it difficult to spend time with their family when they retire but end looking for another job till they die. If they don't get another job, they die early.

18. Retire at your house than at government accommodation so that when you retire you can easily fit into the society that raised you. It's not easy to adjust to live in a location after spending more years at company house or at government house.

19. Never let your employment benefits make you forget about your retirement. Employment benefits are just meant to make you relax, get finished whilst time is moving. Remember when you retire noone will call you boss if you don't have a viable business.

20. Don't hate to retire because one day you will retire either voluntarily or involuntarily.

Hope this will help you look at life positively and plan accordingly. Things have really changed and unless you plan, expect trouble and serious trouble when you eventually retire.

Retired Company Director

19/09/2022

*Attention: Retiring Officers.*

Retirement is a journey, not a destination. Also, the process of retirement is more important than the goal. This is why I will be giving you the following advise, so that you will avoid pitfalls that could cost you a fortune and also avoid delays. I pray that you take my advise seriously to avoid i. *non-payment*
ii. *non - remmittance*
iii. *under- remittance* and
iv. *wrong capturing*

1. Visit your PFA, ask for your *Comprehensive RSA Statement from 2004 till date* Sit down with it and study it for any anormaly.

2. Still with your PFA from (1) above, tell them you want to do your *Data Re-capturing/Update* This is needed to properly align your data with Pencom and prepare you for verification. No data update, no verification. No verification, no pension payment.

3. Make sure that your name with your PFA and your date of birth are correct. For instance: Sanusi Folake Adaobi is not the same as Adaobi Folake Sanusi (Principles of first name and last name).

4. If the name on your NIMC and the one with your PFA is incorrect, you'll find it difficult undergoing verification. The earlier you start this check and confirmation the better.

5. Don't think you have a year more. You are already out of the system. According to the psychology of retirement, from ages 35 to 45, that is your pre-retirement stage. From ages 46 to 55, that is your exact retirement stage. And from ages 56 to 65, *YOU ARE ALREADY RETIRED. Infact, if you hold an exhalted position, someone is already lobbying for it while you think you are still there. They can't wait for you to go even as they laugh with you everyday, they are counting down for you.

6. If you do not have a Plan "B", start thinking now of what you will do when you retire. The whole idea is to ensure that you retire for enfirement. You have to still be engaged so that you do not grow old too quickly even if it is taking care of your grand children, as long as it gives you satisfaction.
*7* , Do you know that if you are wrongly captured especially in your *record of service* which will also be submitted to your PFA, you might become a victim of *wrong computation?*

8. Remove your mind from Programmed Withdrawal or Annuity options of retirement for now, your focus should be getting your verification right. You can start discussing that when you are duly verified.

9. Let your children know that you are retired already so that you can concentrate on yourself. If you have a child that is 30years and above that you are still supporting, advise them to go and learn a trade to be economically viable. If not they will eat deep into your pension as if you worked and suffered together.

10. Read 1 to 9 again and only ask questions on those areas.

*YOU CAN SHARE THIS ON YOUR OTHER PLATFORMS TO EDUCATE OTHERS*

*Copied*

12/04/2022

THINGS TO KNOW BEFORE YOU TAKE LOANS

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. Loan eligibility might not necessarily be an opportunity if you do not plan or utilize it well because you might fall into a debt trap.

The recent increase in loan sharks and access to instant loans from banks present itself as an opportunity to many Nigerians, especially because they come with no collateral unknown to them were the consequences of borrowing without proper planning. https://bit.ly/3M1BtWz

18/03/2022

Dividend Yield

When considering which company’s shares to buy or sell in the capital market, it is a good idea for you to check out for dividend yield as it tells you the percentage of the company’s share price paid annually as dividend. If a company is seen to pay out dividends at a higher percentage of its share price, it means the company is offering a greater return for its shareholders investments and you may consider buying. However, it is advisable when making this decision to track the company’s dividend paying record if it has been consistent in dividend payment or not as this will make you know the company’s financial strength to continue paying dividends well in the future.

Profit margin

This is a key ratio used in checking the financial health of a business. It shows how profitable a company is in converting money earned from sales of products (called revenue) into profit. For companies to make revenue, it has to incur some cost. First, is the cost of sales which refers to the cost of buying the goods sold or cost of producing the goods sold (in the case of manufacturing companies). The difference between revenue and cost of sales is called the gross profit.

The second is expenses which includes operating expenses (which refers to cost incurred when carrying out the activities that generate revenue), interest expenses, tax expenses, etc. The difference between the revenue, cost of sales and all the above expenses is termed as Net profit. For better insight, it is good for you to consider all the three common profit margins which include gross profit margin, operating profit margin and net profit margin to determine the financial health of a company. The result should be compared with other companies in the same industry for better decision making.

18/03/2022

Price to earnings ratio (P/E)

This is a key financial ratio every investor must check out for when planning to invest in a company. It is a ratio that measures a company stock price (i.e. the amount a company’s shares are sold in the stock market) with its earnings per share (the amount the company earns per share invested). The P/E ratio tells the amount it will cost you to own a company’s share compared with the earnings generated from that shares. As an investor it is important you review a company’s P/E ratio to determine if the share price accurately represents the projected earnings per share before taking a stand, because a higher P/E ratio can sometimes mean that a company’s share price is overvalued. If you are planning to use P/E ratio in picking up stock for investment, then know that companies with higher P/E ratios have greater expectation of future growth while companies with low P/E have less expectations of future growth. This may be good for you if the company is seen to perform well in the future because the higher the P/E ratio, the more expensive a stock is relative to its earnings and the lower the ratio, the less expensive the stock is relative to its earnings.

Dividend coverage ratio

Investors always like to invest in a company that pays dividends regularly from its earnings, whether low or high. Dividend is the reward you get from investing in a company. The dividend coverage ratio helps you to determine the number of times a company could pay dividends to its shareholders (ordinary) from its earnings for the financial year. The ratio enables investors to measure the level of risk involved in getting dividend payment on their investment. A company with a higher dividend coverage ratio is preferable to a company with less dividend coverage. However, as an investor you still need to be careful as companies that do not pay dividends from earnings may be planning to reinvest them for future growth.

18/03/2022

SEVEN FINANCIAL RATIOS TO NOTE IF YOU ARE INVESTING

Investing in stocks is not something most people are comfortable to engage in, mostly because of knowledge to avoid losses. Below are some financial ratios to consider when planning to invest in a company.

Return on equity ratio (ROE)

As an investor you will always want to put your money in a company that is profitable and efficient in generating profit from its owners’ investments called equity. Knowing how companies are able to generate profit with owners’ funds is an important aspect you must check out for when making decisions on where to put your money. The return to equity ratio has been developed by financial analysts to help you as an investor determine if a company is efficient in generating income from its owners’ funds or not. It is always good to compare the return on equity ratio of two or more companies in the same industry and benchmark all to the industry ROE so as to know which one is more efficient and which one is not.

Return on Asset ratio (ROA)

Money invested into a business is used to buy assets to run the business activities so as to generate profit. If a business is able to generate more profit with this asset, it means the business is efficient, thus making it a good place to invest your money. The return on asset ratio is a ratio that tells you at a glance how efficient a company is in generating profit from its assets. It is always good when making an investment decision to compare this ratio among firms in the same industry as different firms in different industries have different asset bases. A higher ROA shows that a company is efficient in turning its assets into profit and vice versa.

Earnings per share (EPS)

Before investing your money in a company, it is essential you find out what the earnings (profit made) per outstanding shares of the company is. As this tells you how profitable the company is and how much earnings the shareholders’ investment per share is producing.

18/03/2022

Nigeria borrowed N6.64tn and serviced debt with N2.93tn in 2021 - DMO says

The Debt Management Office said Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020.

The Director-General, DMO, Patience Oniha, made this known on Thursday, March 17, at a media briefing in Abuja.

Oniha said: "Nigeria’s total public debt as at December 31, 2021, was N39.56tn or $95.78bn.

"The amount represents the total external and domestic debts of the Federal Government of Nigeria, 36 state governments and the federal capital territory.

"The comparable figure for December 31, 2020, was N32.92tn or $86.39bn. The public debt stock for December 31, 2021, includes new borrowings by the FGN and the sub-nationals. For the FGN, it would be recalled that the 2021 appropriation and supplementary acts, included total new borrowings (from domestic and external sources) of N5.49tn to part-finance the deficit.

"Borrowings for this purpose and disbursements by the multilateral and bilateral creditors account for a significant portion of the increase in the debt stock. Increases were also recorded in the debt stock of the states and the FCT."

She stated that despite the debt increase, the nation is still within the total public debt stock to the Gross Domestic Product limit of 55 per cent set by the World Bank and 70 per cent set by the Economic Community of West African States.

Oniha also said that the Federal Government was "mindful of the relatively high debt-to-revenue ratio" and has established certain measures to increase revenues through the strategic revenue growth initiative and the introduction of Finance Acts since 2019.

She said: "The new borrowings were raised from diverse sources, primarily through the issuances of the Eurobonds, sovereign Sukuk, and the FGN bonds. These capital raisings were utilised to finance capital projects and support economic recovery.

"With the total public debt stock to GDP as at December 31, 2021, of 22.47 per cent, the

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