Want To Learn A New Skill In 2015? These 5 Principles Will Help You Get Started

Do you plan to acquire a new skill this year? Learning a new skill gives you access to new opportunities and can greatly increase your earning potential. A skill is an acquired ability, used to smoothly carryout complex activities. It can be hard but if you follow these 5 principles, you should find that it’s easier.

1. Be ready
Everyone learns best when they are ready to learn - prepare yourself physically and mentally. If you can identify a clear objective and a definite reason to acquire a new skill, then it will be easy for you to push through.

2. Commitment is key

Stanbic IBTC Stockbrokers are The Nigerian Stock Exchange’s ‘Best Dealing Member’

The Nigerian Stock Exchange has named Stanbic IBTC Stockbrokers Limited, a member of the Stanbic IBTC Group, as the leading market operator in the Nigerian capital market. The stockbrokerage firm won the NSE CEO Award as the best dealing member firm on the Exchange in 2014.

The prestigious NSE CEO Award is an annual capital market award that recognizes excellence and exceptional performance and reinforces Stanbic IBTC Stockbrokers Limited as the largest stockbroking firm in Nigeria for the second consecutive year.

5 Vital Money Mistakes to Avoid in 2015

Have you read last week’s guide to achieving your New Year resolutions (http://bit.ly/1BooM0a) yet? If one of your aims this year is to get more comfortable with your finances, read on and share with your network.

1. Depending on only one source of income:

The 5-step Guide To Achieving Your New Year Resolutions

Welcome to 2015 - it is a New Year and as usual, you may have made some resolutions. A New Year resolution is a tradition in which a person makes a promise to do an act of self-improvement in any area of their life starting from the first day of the year. Popular New Year resolutions include: improve finances, exercise more, eat healthy, make new friends, start a business etc.

Now, old habits truly die hard but with some discipline and heavy doses of willpower, you can achieve your resolutions in 2015 with these 5 guides:

1. Write them down

The Top Posts of 2014

Our Stanbic IBTC blog has been immensely successful this year with readership at an all-time high and our social media communities actively contributing to the topics on the different platforms.

Thank you for reading throughout the year.

As is now tradition, we present to you the 20 top posts of 2014 from this blog. We hope you enjoy re-reading and sharing these posts.

1. 7 Benefits From Having A Fixed Deposit Account
http://blog.standardbank.com/node/60037

2. How To Get Your Bank To Finance Your Next LPO Or Contract
http://blog.standardbank.com/node/64084

New Year? Learn 5 Healthy Habits For Financial Freedom

Becoming financially independent requires dedication and time, but above all, you need to cultivate some healthy habits that will complement your efforts. Habits such as:

• Make budgeting a lifestyle:
A budget is your estimate of income and expenditure over a set period of time. A good budget can help keep your spending on track and keep your finances under control.

• Have a long-term financial goal

Highlights of the Pension Reform Act (PRA) 2014

On 01 July 2014, the President signed the Pension Reform Act (PRA) 2014 into law (Download PDF here http://www.stanbicibtcpension.com/?ddownload=132199) and this repeals the Pension Reform Act 2004. The new Act will continue to govern and regulate the administration of the Contributory Pension Scheme for both the public and private sectors in Nigeria.

5 notable highlights of the Act that impacts a Retirement Savings Account holder

1.Upward review of the minimum rate of contribution

An Analyst's Academic Guide To Naira Devaluation

This week was a big one for the Naira. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria met for their bi-monthly deliberations on the health of the Nigerian economy at home and in the context of the global economy; and the world was watching.

There was some speculation about how they would respond to the oil price falling 30% since Q2 and now trading at about $78 per barrel, down from about $110 per barrel in Q1 2014. The government’s dollar savings at about $37bn at the time are enough to cover about 5-7 months of Nigeria’s imports depending on how you measure it.

What is an LPO or Contract Finance facility?

A number of organizations make use of third parties in providing some of the items required in their businesses and set out specifications of items needed either in a contract agreement document or a Local Purchase Order (LPO). These third parties or “contractors” or “suppliers” often require financial assistance to execute such supply contracts. For more information, go here http://bit.ly/1ye6ZVl

FAQs On LPO Financing

1) Q: How much money can I access to enable me execute a supply contract?

A: Up to 80% of the contract execution cost. We expect that the borrower understands fully well, all costs required to execute the contract.

2) Q: What collateral do I need to pledge to access this finance?

A: Only a personal guarantee will do. However, the bank will ensure that the payment proceeds from the contract employer are domiciled prior to availing the facility.

3) Q: Can purchase orders from any company be funded?

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