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4. One other thing is to prepare a resume that will align with the type of job you are applying for, because every job have what is specifically needed from the applicant that can fit into that position. It must be exactly what they need, anything other than that you don’t stand a chance.

3. Having a good referee in your CV will go a long way in getting you approved by HR. you must take your time and get the most reputable individuals in your society, government and previous company you worked for, and they should be able to write a letter of support to vouch for you.

2. Prepare a good CV that will portrait in detail all your various educational qualification, skills, work experiences and work history also know that every employer is looking for that uniqueness in an applicant that it’s not just outstanding but perfect for what they want.

1. The number one thing you must do is to get the necessary skills and knowledge needed for the kind of job you are seeking for, because it will be a shame to get a job and not be able to function due to lack of knowledge.

Getting a job in our present day has proven to be hectic and almost impossible to many, but yet job vacancies are being published every day by different establishment. The question to be asked is this; with all these job vacancies being published, why are people still saying that there are no jobs available? This issue of job scarcity has being a worldwide predicament that every nation has to deal with. One of the factors is that the number of ready-to-work individual and graduates seeking for job seriously outweigh the available job, this is why it's important for you to stand out from the other applicant.

The traditional job recruitment process takes 4 stages. The first stage is finding the job vacancy, second stage involve sending your application, third stage is the interview and the last stage is getting the job. We noticed most people are unable to make it to stage third, which is the interview. Recruiters/employer screen through thousands of CV to pick a selected few to be invited for an interview, so if your application is not good enough, you won't be invited and therefore halting your chance to get the job.

You can increase your chance of getting a job interview by applying simple methods that have proven helpful to those who have gotten a job.

Source: Career.com.ng

What was the purpose of the meeting?

In wealth recreation, the main thing is not the money but the idea. The idea has to be a solution to a problem. So find a problem to solve and you will be on your way to wealth and riches. . Congratulations to all those that has made and to those that are still hustling to make it. Every hustler has his pay day, never quit.

http://Career.com.ng - jobs & career

who e epp

More

Source: https://www.facebook.com/Career.com.ng/

Another

Happy weekend! Job interview usually put people in a hot seat. Here are some funny pictures to lighting the mood

Okay. . We don see am

Source: http://career.com.ng/things-you-must-do-when-preparing-for-a-job-interview/

A large percentage of applicants who failed in a job interview didn’t fail as a result of the interview itself but as a result of poor preparation before the interview. I have heard people who said they were taken unaware of certain standard of the interview process which they least expected will be necessary or relevant to be considered. The fact is this, as tough as an interview is there are ways to prepare yourself physically and mentally for it.

The first thing you must do is to know the necessary criteria the interviewer demand in terms of the quality they need to fill in the vacancy and you should also write down the quality you posses that are in alignment with what they demand, so that you will be able to share that information with your interviewer when you are asked.

You should research the company you are applying to, to know what they do and how they do it. Do an intensive research on what they need to equip you with sufficient knowledge. This information, if well harness will enable you show to your interviewer that you are not here to just work for salary but you have what it takes to do the job professionally. The information will also help you to answer all the questions precisely and give your interviewer that you are vastly knowledgeable in that area.

Take time to practice previous interview questions that you can get your hands on, for it will give you a basic idea of what you will encounter during the interview.

Try to get enough rest or go outing with friends to enable you calm all the tensed up nerves before the interview.

Ensure to prepare all the materials that you will need including the dress you will wear on that day, at least two days before the interview day. Always know that looking good is good business so look good, neat and appropriate for the interview. The kind of interview you are going for would determine the kind of clothes to put on. Try to find out about the dress code of the organisation.

Make sure you locate the venue of the interview at least two days before the day to avoid any issues like traffic jam or the inability to locate the place on time, which will lead to you being late and possible failure to attend.

Ensure to find out relevant items you should carry along to the interview.

Knowing the proper etiquette is vital when going for an interview. Don’t forget to greet the receptionist, your interviewer and everyone you meet at the venue. It will create a good impression of you to them.

Try to take note of your body language, so that you will not send the wrong signal to your interviewer to avoid misunderstanding of communication. The more positive impressions you make the better you will do during the interview.

Know the right questions to ask your interviewer when given the chance to ask question. Let your question be mainly on how you will be able to serve and impact positively to the company. This will give the interviewer that you are willingly and ready to work for them.

Don’t ever speak negatively of anyone or your previous company you worked for because it creates the impression that when you leave you will definitely speak ill of them.

A thank you letter for the opportunity to be considered for interview will go a long way to impress the interviewer of your professionalism and your interest in their company. You can also use that medium to convene to the interviewer about more of your qualities that you possess that you were not given the chance to highlight to them.

I am in need of a content writer

Requirement
Someone that can write quality and unique articles free from grammatical error, pragmatism, spelling error.
Someone that can find trending and interesting topics
Someone that can connect with audiences in a professional, yet friendly manner.
Someone that can do research
Knowledge or experience in career development or human resource would be an added advantage.

Interested and qualified persons should send your CV and cover letter to krestup(at)gmail(dot)com

In my opinion what should influence your career choice are first your interest and passion because what ever you don't have an interest, you tend never to take it serious. Secondly, Your SWOT (Strength, weakness, opportunities and threat), this is very important because the fact you like something or interested doesn't mean you will be successful. You can read more about it here http://career.com.ng/factors-to-consider-when-making-a-career-choice/ .

Another important point i like to also talk about is the different between a career and a job. Some people don't know if they have a career or a job, sometimes because your job pays you well and probably get promotion doesn't mean you have a career. A job is the work you do to earn a living while a career is the work you do to also earn a living but earning a living is not the main goal but the general course of progression towards lifelong goals. In other word a job is just short term and a career is a long term.

You can learn more on this thread and also make your contribution https://www.nairaland.com/3059187/job-vs-career-whats-difference

Pls, I would really like some contribution on this topic......

Source: http://career.com.ng/job-vs-career-whats-the-difference/

In this modern society many people are so engrossed in the business of their everyday life that they are no longer conscious whether they are have a job or career. This lack of awareness has made most people confuse about where they are heading in life. Their inability to know the difference between getting a job and pursuing a career has made them to live undefined life.

It’s no surprise if people don’t even bother to know if these two factors are different or the same. I believe this is largely connected to their educational upbringing right from their childhood school days. I tend not to blame the educational system, but we can’t totally say that they don’t share blame in this matter.

From a dictionary definition; a job is an activity/work that one engages him or herself to earn money that will enable them make a living. The sole purpose of a job is based on financial value. A career is also similar in nature but slightly different. It’s a job that you do with an intention, passion and interest to achieve fulfillment.

With this definition established, I want us to take an in-depth analysis of these factors. People who go searching for a job are most times focused on what they can get form the job in terms of monetary benefit. Their sole purpose is to make money disregarding the fact if the job is a perfect fit for them or not.

They are mostly motivated by the benefit they will receive and with that intact, they most times lose the motivation to make impact because they don’t usually derive fulfillment from the job. Forgive me if I am focusing on the negative part of getting a job or rather the effect of setting your mind on only the benefit you will derive from the job. This is the only way you can discover why going out to get a job without true purpose being defined can be detrimental.


A career in itself contains the job aspect because without a job a career is not complete. A career is made up of different factor put together to form one unit. I will like to define it as a job you do that enables you to derive fulfillment from your work, which is an aspect of your life that have to do with you calling.

Though you will work in a job, your mindset is not based on just monetary value (although it’s part of it). You sense of achievement is measured by the impact you want to make toward the growth of the place you work.

Most times you notice the work input of two people working in the same place is different, why? This is because one is driven by the passion to make impact, while the other is driven by the desire to be impacted. Both of them have the desire to work but driven by different motive.

The truth is, getting a job is all part of pursuing a career but the single difference is on the motive and reason that people use to search for it. This single difference will see one person climb up the ladder of success, while the other remaining stagnated for years in one position. This is clearly a matter of the inability to define one’s true career goals and objectives.


Let me say something straight, a career wrongly chosen will lead you towards the path of just getting a job. When ever you see yourself longing for fulfillment in a place and not seeing it fulfilled, take note, you might be in the wrong place. I believe with this fact clearly stated you should know what the difference between getting a job and pursuing a career.

Source: http://career.com.ng/how-to-use-insurance-to-protect-your-job/

This is the year that has been talked about since the last quarter of 2015. We have finally crossed over. Many companies faced with the harsh realities of the new year might decide to cut costs by letting staff go. That is why you have to do all in your power to protect your job this year. Ensure you do not play with your job, go extra mile to do your job, develop a new attitude to your job and be more focused. Let your boss notice the new attitude towards your job and more importantly take insurance.

Do you know that with an adequate insurance policy you can protect your job? How? Read the questions below to find out.

What type of insurance policy do I need to protect my job?

Loss of Employment Insurance Policy is what you need. This policy indemnifies you as a result of ‘accidental loss of job.’ It provides predetermined monthly income for a given period to a policyholder. Loss of Employment cover is used in many countries like United States, Canada and so on. The good news here is that, this policy is now available in Nigeria.



What is covered by the policy?

The policy covers the policyholder against ‘accidental’ loss of job. The key word is accidental – this means that the loss of job should not be the doing of the policyholder. In essence it means that the job loss must not be his fault.



Who is covered by the policy?

This policy as at press time only covers the following persons:

Employees under a permanent contract of employment
Employees in the banking, oil and gas, manufacturing industries among others.
Employees earning a prescribed minimum salary from time to time


What are the advantages of the policy?

Protection against financial loss
Security of children’s education
Prevention of frustration
Psychological breakdown
Peace of mind and so on


What are the features of the policy?

The Loss of Employment Policy is made up of four benefits that a policyholder can enjoy.

Scaled Benefit

In the event that a policyholder loses his/her job, he/she is entitled to the following graduated monthly salary for 2 years as follows:

100% of his monthly salary for the first 6 months
75% of his monthly salary for the next 6 months
50% of his monthly salary for the next 6 months
25% of his monthly salary for the last 6 months
These benefits are payable for 2 years and terminates once he/she secures another job.



Supplementary Benefit

When a policyholder loses his job and peradventure secured another job with a lower salary, what the policy will do is to provide the shortfall in salary to him/her (a way of indemnifying the holder i.e. placing him in the position he enjoys before the loss).



Single Sum Benefit

In the event of a job loss, a policyholder has the option of applying for a Single Sum Benefit instead of the scaled benefit mentioned above.



Death Benefit

It might happen that a policyholder dies during the currency of a policy, what the policy will do is to pay his named beneficiaries an agreed sum assured.



When is a benefit payable on the policy?

A claim is said to occur when a policyholder loses his or her job accidentally i.e. not his or her fault. For example an employee who was dismissed because of fraud or lateness or any other offence is not entitled to any benefit on the scheme.

Also the employee must be on the scheme for a period not less than 12 months. Do note that if one loses his/her job before 12 months, his/her premium will be returned.



What is the cost of purchasing the policy?

The cost of the policy i.e. premium is determined based of individual risk profile. It is a function of age, industry, company, job profile, salary, educational qualification, sex etc. Once you supply that information your premium will be computed and communicated to you. Furthermore, premium can be paid monthly, quarterly, half-yearly or annually.



What other benefits are available on the policy?

Free legal services to policyholders on employee/employer relationship

Free 90 days look period i.e. you have up to 90 days to try the policy risk-free and after that you can either sign on or withdraw from it with 100% return of your money.



The aftermath of losing one’s job is harsh especially when one is not prepared for it – infact people do not prepare for job loss. The terminal benefit which is a lump sum is better off invested long term or used for projects rather than to run daily expenses. That is where the Loss of Employment Insurance comes in.

Aliko Dangote, president of Dangote group, is now richer than Donald Trump, Republican front runner; Roman Abramovich, owner of Chealsea football club and Oprah Winfrey, the richest black woman, put together. Dangote, who came in at the 51st position of the 2016 ranking by Forbes Magazine, is also richer than the combination of all other Nigerians who made the list. Despite losing $300 million from $15.7 billion (N3.1 trillion) to about $15.4 billion, (N3.05 trillion) in the latest rankings, Dangote remains the richest black billionaire anywhere on the planet. At $15.4 billion, the 58-year-old is richer than Abramovich ($7.6 billion), Oprah ($6.2 billion) and Trump $4.5 billion. The Nigerians who made the list are Mike Adenuga ($10 billion), Femi Otedola ($1.8 billion), Folorunsho Alakija ($1.6 billion) and Abdulsamad Rabiu ($1.1 billion), who came in at 103, 1,011, 1,121 and 1,577 respectively.

Bill Gates remains the richest person in the world with a net worth of $75 billion, “despite being $4.2 billion poorer than a year ago. He has been No. 1 one for 3 years in a row and topped the list 17 out of 22 years”. Amancio Ortega moves up to the second spot for the first time, displacing Mexico’s Carlos Slim, who slips number four, while Warren Buffett remained steady in third position. Facebook’s Mark Zuckerberg had the best year of all billionaires, the 31-year-old adding $11.2 billion to his fortune and moved up 10 places from 16 to the sixth spot. The global economic volatility and plunge in commodity prices also affected the billionaires’ list, as the 16 billionaires fell of the list. “Volatile stock markets, cratering oil prices and a stronger dollar led to a dynamic reshuffling of wealth around the globe and a drop in ten-figure fortunes for the first time since 2009,” Forbes said. “For our 30th annual guide to the world’s richest, we found 1,810 billionaires, down from a record 1,826 a year ago. Their aggregate net worth was $6.48 trillion, $570 billion less than last year. “It was also the first time since 2010 that the average net worth of a billionaire dropped – it is now $3.6 billion, $300 million less than last year.” Alakija was negatively affected by the fall in oil prices, while Dangote took a hit due to a fall in the Nigerian currency, naira. “Her first company was a fashion label that catered to Nigeria’s elite women, including the wife of former military president, Ibrahim Babangida, who awarded Alakija’s company an oil prospecting license. Alakija’s net worth has fallen in the past year as a result of lower oil prices,” Forbes said. As Africa’s largest cement producer, Dangote owns about 90 percent of publicly-traded Dangote Cement through a holding company, a percentage that exceeds the 80 percent ownership ceiling set by the Nigerian Stock Exchange. In 2015, Dangote and 61 others were richer than 3.5 billion people around the world.

SOURCE : https://www.thecable.ng/forbes-rates-dangote-richer-than-trump-abramovich-oprah-put-together

We are in need a web administrator..

The roles

Updating the website with content daily.
Assist in creation of and moderate new online community.
Monitor key performance indicators on the website and develop plans to improve them.
Investigate, evaluate and assess new ways of generating additional traffic/orders.
Create frequent interesting posts on Twitter, Facebook and other social media.
Contributing ideas for, and implementing, online marketing campaigns.
Monitors, analyses and periodically reports on website traffic and performance, including Search Engine Optimization, and implements improvement strategies as necessary.


Key Requirements:

Experience working with Content Management Systems especially WordPress.
Excellent spelling and grammar and keen attention to detail.
Ability to collate and analyse data.
Ability to work with little or without supervision.
A basic knowledge of web analytics and conversion rate optimization.
A basic understanding of search engine optimization.
Knowledge of web desiging/development would be an added advantage
Self motivated and willing to learn

Please only qualified persons should apply. send your CV and cover letter to krestup(at)gmail(dot)com

AstuteJ:
I need your candid advice on how to handle the various cases of infidelity against my wife. We have been married for 10 years with kids and I have never had any reason to doubt her until the following incidents began to unfold;

1. Sometimes in 2012, I took her to the market on a Sunday morning. She left her phone inside the car while she went into the market. A message dropped and I picked her phone to check, what I saw was a joystick sent by one of her BBM contacts. I dropped the phone aand pretended I dint see anything. When she came back, she checked the phone, saw the picture, deleted it and pretended nothing happened.

I waited for like 5hours to be sure she wasn't going to talk about it before bringing it up. She claimed it was sent in error and went ahead to call the guy to register her displeasure. I believed her and laid the matter to rest.

2. About six months later, I was out of the country. She called about 6pm that she needed to drop some items for a client at City Mall, little did I know she went to meet a man at Swe bar. I got back some days later and noticed she was all over her phone chatting and smiling while I was talking to her. I took the phone from her to see whom she was chatting it. All the previous chats had been deleted and I continued chatting with the guy. I could not flow well because the guy was coding and suspected he wasn't chatting with the right person.

I went through her phone for any prior message between them and I saw an SMS she sent to him at about 11:45pm the day she went to City Mall; "I just got home, please call if you can"! I did further findings before she confessed she went to meet with the guy at Swe bar and had to call to lis to me in case she runs into one of my friends. She claimed the guy is an old friend and had issues in his marriage, so she turned a marriage counsellor overnight to go solve the issues.

3. While I was still with her phone, the guy that sent his joystick pinged and I started chatting with him. The guy went very romantic and I cautioned him not to put me in trouble like he did when he sent an unsolicited pix of his joystick. The guy went "Ah Stella, but you asked me to send it na, have you forgotten? That you even sent me a pix of your laps taken in a dark room when I asked for yours"! I was speechless! He went "and you said you told your hubby it was sent in error and he believed you". I confronted my wife with all these and she still had some "stories" to tell.

4. We were at her Mum's place two years ago and she got a call, she told the fellow to come see her there. Her ex came in some minutes later to the warm embrace of the mum. We greeted and he wasted no time to settle in and joined the discussion on ground. The last time I saw him was before we got married and she claimed they never dated. The guy talked about his wife, how poor she is in home keeping, in the kitchen. on bed etc. My wife cut in "and this lady is supposed to be enjoying Andy o, cos I remember Andy knows how to take care of a woman, each time he came visiting in the university days, he always came with bags full of goodies". She even suggested seeing the woman to advise her and the guy said "no you are not in the best position to do that, you know she is not too comfortable with you".

All these happened right in the presence of my mother in law and I kept my calm all through. We left there after the show of shame and I warned her to cut all communications with the guy.

5. Few weeks later, same guy came to our church to worship. After the service wifey told me his kids would like to follow us home to meet our kids; I did not respond. Her mum and aunt was also in the church same Sunday and I drove them and my wife straight to my house. The guy drove behind. We got home, wifey went to the kitchen to cook, her mum and aunt settled in to a good gist with this guy in my own very living room. I picked my keys and left the house for them. I returned late in the night when they had all left and you can guess what happened afterwards.

6. I was with her phone few weeks later and another ex bumped in. "My baby, how are you doing, I have missed you bla bla bla". He requested they meet somewhere on the mainland two days later! After taking a second look at the unsaved number, I remembered the number had sent her an SMS; "can I call you now" about twice in the past. the second time I saw the SMS, I called the number with her phone but the guy refused to pick all thru the day!

7. Last Christmas dat, she gave me her phone to check something on her whatsapp and a chat came in from a guy I have been monitoring his number for a while. The excerpt of the chat is below (I took over the chat from the line he asked for her pix).

5/12/2015, 7:51 am - sy: May d joy of Xmas be for u and ur family IJN
25/12/2015, 7:52 am - sy: Enjoy ur day
25/12/2015, 11:08 am - Jimmyeatery: snap i wanna see yur Sexy look
25/12/2015, 11:09 am - Jimmyeatery: I hope youre alone
25/12/2015, 11:09 am - sy: Lol
25/12/2015, 11:09 am - sy: Yes
25/12/2015, 11:09 am - Jimmyeatery: Plsssssss
25/12/2015, 11:10 am - Jimmyeatery: IM alone here too
25/12/2015, 11:10 am - sy: That's good
25/12/2015, 11:10 am - Jimmyeatery: IM deleting it immediately
25/12/2015, 11:11 am - sy: Where is the one you have
25/12/2015, 11:11 am - Jimmyeatery: Lemme snap
25/12/2015, 11:11 am - sy: Ok
25/12/2015, 11:14 am - Jimmyeatery: IMG-20151225-WA0006.jpg (file attached)
25/12/2015, 11:15 am - Jimmyeatery: Pls delete it quickly
25/12/2015, 11:15 am - sy: Nice
25/12/2015, 11:15 am - sy: Why should I delete it
25/12/2015, 11:15 am - Jimmyeatery: Tnx
25/12/2015, 11:16 am - Jimmyeatery: Someone can misplaced phone
25/12/2015, 11:16 am - sy: That's true
25/12/2015, 11:16 am - Jimmyeatery: I dont want yur man to one across it as well
25/12/2015, 11:17 am - Jimmyeatery: To be on safe side
25/12/2015, 11:17 am - sy: Ok
25/12/2015, 11:17 am - Jimmyeatery: I wanna see u babe
25/12/2015, 11:18 am - sy: You have my pix already now
25/12/2015, 11:18 am - Jimmyeatery: Lemme see yur Sexy body babe
25/12/2015, 11:18 am - Jimmyeatery: Nope
25/12/2015, 11:18 am - Jimmyeatery: Very not seen it
25/12/2015, 11:18 am - sy: Is it even new to you
25/12/2015, 11:18 am - syt: OK o
25/12/2015, 11:18 am - sy: Till we see again
25/12/2015, 11:18 am - Jimmyeatery: Ive not
25/12/2015, 11:19 am - Jimmyeatery: Plsssssss
25/12/2015, 11:19 am - sy: Why are you in a hurry
25/12/2015, 11:19 am - Jimmyeatery: Dont be shy dear
25/12/2015, 11:19 am - Jimmyeatery: IM just lonely here
25/12/2015, 11:20 am - Jimmyeatery: Soo lonely
25/12/2015, 11:20 am - syt: What about your wife
25/12/2015, 11:20 am - Jimmyeatery: In London
25/12/2015, 11:20 am - Jimmyeatery: In London with my kids
25/12/2015, 11:21 am - sy: Good
25/12/2015, 11:21 am - Jimmyeatery: I av 1% left
25/12/2015, 11:21 am - sy: What?
25/12/2015, 11:21 am - Jimmyeatery: Snap lemme see you
25/12/2015, 11:22 am - syt: You will see me when I change my dp
25/12/2015, 11:23 am - syt: You there?
25/12/2015, 11:43 am - Jimmyeatery: IMG-20151225-WA0009.jpg (file attached)
25/12/2015, 11:45 am - Jimmyeatery: IMG-20151225-WA0008.jpg (file attached)
25/12/2015, 11:44 am - Jimmyeatery: My ba3 low N phone went off
25/12/2015, 11:44 am - Jimmyeatery: Im using my laptop to charge now
25/12/2015, 11:46 am - syt: OK Sir
25/12/2015, 11:47 am - sy: Was wondering why you kept quiet
25/12/2015, 11:51 am - sy: Can't talk please
25/12/2015, 11:51 am - Jimmyeatery: Ok
25/12/2015, 11:51 am - Jimmyeatery: I tot u said youre alone before
25/12/2015, 11:52 am - sy: My kids are here now
25/12/2015, 11:52 am - Jimmyeatery: Lemme know wen youre free to talk
25/12/2015, 11:52 am - Jimmyeatery: Oook
25/12/2015, 11:52 am - sy: Let's chat, say whatever you wanna say here
25/12/2015, 11:52 am - syt: My hubby is out
25/12/2015, 11:53 am - Jimmyeatery: Are u Sure?
25/12/2015, 11:53 am - syt: 😃
25/12/2015, 11:53 am - syt: Yeah
25/12/2015, 11:53 am - Jimmyeatery: Snap lemme be sure if youre d right person IM chatting with................

Please advise me in how to handle all these.......

Thank you.

From what I see,
1. It's seem your wife is a full time house wife, which is giving her a lot of time to chat and because she see it as a means to kill boredom which has now create a room for her to be vulnerable.
2. After a long period of time marriage become boring couples engage in the same regular routine. This also create a room for any married person to be vulnerable to such a thing.
In my opinion you should conform her and let her know what you have discovered and how you feel. It's either she denies it or accept it.

Majority of people dont achieve their new year resolutions because so many reasons like lack of clear vision of your resolution, taking the time to write it out, set target date, break the resolution into smaller everyday tasks, setting your priority and more importantly having the courage and persistent to follow it through.

How to Achieve Your New Year Resolution

This is a false story.. end time story

Harmattan period bring sickness like cold, catarrh, sore throat.. during this period there is a high rate of fever, so there is need to take your health seriously so as not to miss the Christmas fun

http://how.com.ng/how-to-stay-healthy-during-harmattan

A bond is a contract or agreement between a lender and a borrower, in which the borrower enters into agreement to pay the lender both interest and principal at a particular period of time. Governments and Corporations issues bonds to raise money for projects from time to time. FGN Bonds are debt instruments issued by the Federal Government of Nigeria for an agreed period of time. As an investor you lend the government an amount of money in exchange for an interest and repayment of the principal at maturity. Maturity is the number of years that it will take for the re-payment of the principal of a bond. The period ranges from 5 to 10 or 20 years.

It is important for you to know that anyone (individual or corporate body) can invest in a FGN bond. The Government through the Debt Management Office (DMO) issue bonds and issue new ones every third Wednesday of every month.


Why invest in FGN Bonds?

You earn high interest which are stable unlike other investments that fluctuates according to the performance of the instrument
You are guaranteed of getting your investment back at maturity i.e. it is risk free
You can invest without being taxed – no withholding tax, company tax or any other.
You can use the bond instrument as collateral for loans.
You can trade FGN bonds easily because it is quoted on the stock exchange.


How to Invest In FGN Bonds

To invest in FGN Bonds is not difficult at all, just follow the process below and you are on your way. For convenience it is better you use a broker rather than go it yourself. But if you want to do it yourself, go to the site of DMO to download the form and follow the simple instruction stated there. The step below is devoid of any technical term for quick understanding.


After you are convinced that you want to invest in FGN bonds, here are the steps you take.

1. Go to a broker or your bank and enquire that they direct you to someone who can help you – an authorized person. Your bank might direct you to a trusted broker. Here is a list of primary dealer and market makers

2. Determine how much you want to invest. Please note that the minimum amount you are required to invest is N10,000 and then multiples of N1,000. What this means in practice is that if you want to invest say N99,500 you will be required to invest either N99,000 or raise it up to N100,000. This will be N10,000 then multiples of N1,000 i.e. 90 x N1,000.

3. Brokers operate differently and charge different minimum amount (mark-up are for administrative expenses). You can either pay, negotiate for a lower amount or find another broker.

4. The broker might request that you open an account with them and give you a form to fill. Complete all process with the broker so that a CSCS account can be given to you so that your bond can be listed in the Nigerian Stock Exchange. It is important to do so because it will let you be able to sell your bond at anytime before the maturity.

5. Be mindful of the fact that money is not involved up to this point. The minimum that your broker request you use to open account with is going to be used to purchase bond for you. That money will be kept with a Custodian (not your broker). Though the broker’s and the Custodian’s fees will be charged against you (a tiny proportion of a %). This is only when money is required.

6. You can buy at the primary auction or secondary market. If you are bidding at the primary auction, you will fill a form and also transfer funds to your broker before the auction date. And after the auction you will be informed if you were successful or not. For example if the average minimum interest rate is 10% it means that all bids below 10% will be accepted. Now if you were successful your investment will be booked and a letter sent to you.

However, if you were not successful due high bid rate, your money will be returned to your account with your broker. You can either hold on till the next primary auction or buy from your broker.

As you can see that investing in bond is not rocket science, what is your next move? Why not take the decision to lend to the federal government today? You can start small and gradually grow your investment.



source: http://how.com.ng/a-guide-on-how-to-invest-in-fgn-bonds/