Economy
The Value of a Savings Culture
By FBNQuest
If you are just starting your career, then you must be excited to be earning money. You probably feel liberated by your ability to make choices like going on a vacation, buying a car, or renting a flat in the part of town you prefer to live. Earning a living certainly has its perks.
It is not unusual for young people to indulge themselves when they begin to earn money. However, it is also important to consider the power the income from a job or business provides; an opportunity to create your financial future.
The choices you make early in your career about your money may determine your options in the future. Retirement may seem so far off that you see no reason to pay attention to it now. What you do not realise is that building a sizable nest egg becomes more difficult later in your career. Likewise, acquiring a house or having a family is often easier if you are proactive in gathering resources to achieve your goal.
A savings culture or investing is a sure way to build momentum towards achieving your short and long-term financial obligations. The funds that you save for short-term goals should be kept in cash and cash equivalents because your objective should be to preserve their value in a liquid asset. The resources that you save towards your long-term goals should be invested in assets that may be less liquid but offer higher returns.
The types of assets you invest in your savings will significantly impact your return and consequently, the amount available to finance your plans for a family or other financial goals. A major reason for this is the concept of compound interest. This is the process by which a sum of money grows exponentially due to interest building upon itself over time.
The key is to start saving and investing as early in your career as possible. The sooner you start putting money away, the sooner it begins to earn interest. If invested properly, the money can grow substantially over time. But putting off investments could mean you miss an opportunity to grow your wealth easily and automatically.
Having a plan helps you to build the discipline that is required to invest successfully. You are more responsible for your financial success when a plan is executed in a systematic way. This should also give you the confidence that while you are building a career, you are also making steady progress towards your financial goal.
It is advised that you make wise investments decisions. Explore options that allow you to automate your savings and investment in the form of automatic withdrawals from your bank account. After making this arrangement, stay the course. Consider that by starting early, you are positioned to benefit from the well-established trend that investments in riskier assets such as stocks potentially outperform less risky short-term assets such as cash equivalents over time. Especially when diversification is appropriately adopted in investing.
All this is easier said than done. A savings and investment plan is more than just a list of goals and deadlines. Practically, it can be more complicated than that, as you consider the fine details and peculiarities of your status and responsibilities. To help you achieve the outcomes you want, relationship managers at FBNQuest are available to work with you to craft a plan that offers a range of products that suit your specific investment and financial goals. We look forward to helping you achieve your financial goals. Contact us today and stay ahead of the curve to indulge yourself early in your career at the expense of a great financial future.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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