The President, Muhammadu Buhari has held talks with the Managing Director and Chief Operating Officer of the World Bank, Missus Sri Indrawati who is on a working visit to Nigeria.
The meeting lasted for about an hour after which she held a press conference with State House correspondents.
She said part of the discussions were challenges facing the Nigerian economy, low commodity pricing, challenge of climate change, insecurity, job creation, poverty eradication and fight against corruption.
Continue reading Buhari Meets With World Bank To Improve Nigeria’s Economy
Updated April 27, 2016
Is saving money your winning strategy to building wealth? If it is, then you had better seek for another strategy with better chances of success. This is because no one has been able to build wealth just by saving money. Managing savings is a good discipline which can result in having a comfortable quality of life, but not a wealthy quality of life.
Following are some reasons why saving money alone won’t make you rich:
1. The rich don’t ascribe success to savings From the study of multi-millionaires and billionaires in the last couple of years, not one hinged their success in amassing wealth to saving. A good number of them mentioned taking advantage of opportunities, meeting needs, solving problems and surmounting obstacles as the key that propelled them to achieving substantial wealth and fortune.
2. Currencies lose value Every currency whether it is the euro, pound sterling, dollar or naira continues to depreciate in value on a regular basis. The value of the naira and what it could buy, for example, in 1976 cannot be compared to what it is now in 2016. By 2056, it will have drastically decreased in value and there is no sign that this trend will abate. Putting money into savings for the long term yields funds whose values will have seriously depreciated from what it is today. This is the major reason why you cannot build wealth just by saving money because the money’s value is constantly being eroded. The prices of goods and services constantly increase while the value of money used to purchase them goes in the opposite direction.
Continue reading Why Saving Money Won’t Make You Rich
Apple Inc on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.
The company’s sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues.
Its shares fell about 8 percent, dropping below $100 for the first time since February. A hike in Apple’s share buyback and dividend as well as bumper revenue from services failed to mollify investors.
Continue reading First dip in iPhone sales, Apple revenue streak ends