NGE biennial convention 2015: FBN Capital boss advises media practitioners on personal finance

ITRealms:

The Managing Director and Chief Investment Officer of FBN Capital Asset Management, Mr. Michael Oyebola has listed benefits of personal financing savings to media practitioners, reports ITRealms.

Speaking at the 2015 Biennial Convention of the Nigerian Guild of Editors which ended in Lagos Saturday, on the theme “Personal Finance: Beyond Editing: Investing for a secure future” Mr. Oyebola described personal finance as the financial management required by an individual or a family unit to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.

According to him, there five key steps involve in ensuring a successful personal finance scheme, namely by doing an assessment of one’s assets and liabilities including income and spending habits. So, also is goal setting for both short and long term financial objectives.

Mr. Oyebola equally listed planning, executiving and monitoring as the remaining three key steps, stressing that by creating a plan to accomplish one’s goals, there is need to have a good execution strategies, which involves saving and investing money appropriately to make certain the “money works for you”.

The monitoring and reassessment of these investments, he said, must align with the objectives of the fund owner to ensure and apply possible adjustments and revision where necessary.

“Personal Finance is for everyone, not only for the rich,” he declared, stressing that potential fund owners need to focus on how much they save rather than how much earned. 

“As long as you earn something, no matter how small, you can personally plan for your future. Personal Finance is for everyone! We all can and SHOULD get onboard with personal financial management – it is a necessity of life,” he said.

Just as the management of income helps in understanding how much money one will need for a given period like monthly expenditures and savings.

He charged media practitioners to be prudent in cash flow management and spending, noting that careful budgeting could be an asset to keep more of hard earned cash.

Pointing out that an increase in cash flow, could lead to an increase in capital, thus allowing the consideration for investments to improve overall financial well-being.

Making provision for family security, he said, is an important part of the financial planning process, in addition to having the proper insurance coverage and policies in place could provide peace of mind for breadwinners and loved ones as well.

“A proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals,” he said.

+Remmy Nweke (ITRealms) +FBN Capital Limited  +Oreoluwa Ettu 

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Aganga, Johnson, Emefiele, Amazu lead speakers at FBN annual investor confab

ITRealms:

The Honourable Minister for Trade and Investment, Mr. Olusegun Aganga; her counterpart in the Communication Technology, Mrs. Omobola Johnson; the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele; and the Director General, Nigerian Pension Commission, Mrs Chinelo Anohu-Amazu, have been confirmed to lead speakers at the 2014 annual investors conference being hosted by the FBN Capital, reports ITRealms.

FBN Capital Limited is the investment banking and asset management subsidiary of FBN Holdings Plc.

ITRealms recalls that this year is the 4^th edition of its annual investor conference, holding on the 11^th and 12^th of November 2014 at the Federal Palace Hotel in Lagos, with the theme “Lifting the lid on emerging Nigeria”, which focuses on the recently rebased Gross Domestic Product (GDP) of Nigeria, and how investors and stakeholders could tap into the potential that this new data presents.

ITRealms gathered that also lined up to speak at the event is Dr. Anil Gupta, a scholar widely regarded as one of the world’s leading experts on strategy, globalization and entrepreneurship. He will be discussing his ideas on how Nigeria could handle the “too big to ignore” tag which comes with the elevated position the country finds itself in after the rebasing.

Dr. Gupta is ranked by Thinkers50 as one of the world’s “most influential living management thinkers” and is one of only three professors in the world to have been elected by his peers as a Lifetime Fellow of all three of the most prestigious bodies in the field – Academy of Management, Strategic Management Society, and Academy of International Business.

ITRealms recalls that Nigeria’s revised GDP for 2013 is currently N80.2 trillion (US$509.9 billion). This represents an increase of about 89% over the old GDP estimate for 2013, and the new GDP numbers paint a more realistic picture of the economy by showing that the Nigerian economy is more diversified than previously estimated or reported.

As said by the Managing Director of FBN Capital, Mr. Kayode Akinkugbe, “Over the last three years, we have explored key aspects of Nigeria’s economic evolution as it transitions from a frontier to an emerging economy. This year, we will consider how Nigeria can capitalize on the recent GDP rebasing which has propelled it to the position of the largest economy in Africa, and also shine the spotlight on previously under-represented fast-growing sectors of the economy which the recent rebasing has brought into focus.”

In 2014, FBN Capital was recognized as the Best Investment Bank in Nigeria for the third year running by Global Finance Magazine. It was also recognized in the World Finance Banking Awards as the Best Investment Bank in Nigeria and the EMEA Finance African Banking Awards as the Best Local Investment Bank in 2013.

+Remmy Nweke +Remmy Nweke (ITRealms) 

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