Economy
From Uncertainty to Confidence: A Personal Journey with Annuities
In today’s ever-shifting financial landscape, we all seek stability and security in our investment portfolios. As we navigate the complexities of financial planning, annuities offer stability and a narrative of security and peace of mind.
Annuities, with their unique ability to provide a guaranteed stream of income over a set period or for life, give reassurance in an uncertain world.
They represent not just a financial instrument but a promise of stability, offering individuals the peace of mind that their financial future is safeguarded against the unpredictability of market fluctuations.
What is Annuity?
An annuity is an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream in the future.
With the transformative power of annuities, investors can embark on a journey towards financial confidence, knowing that their life savings is shielded from the storms of economic volatility, and their dreams for retirement can be realized with certainty and peace of mind.
To help you understand fully, we’ll explore the transformative power of annuities through the lens of a personal story, shedding light on the real impact these financial instruments can have on one’s life.
Meet Sarah, a retiree whose vibrant career in the arts was a testament to her unwavering passion and dedication.
For decades, she immersed herself in a world of creativity, where each brush stroke and every note composed echoed the depths of her artistic soul. While Sarah revelled in the boundless opportunities for expression her profession afforded her, the fluctuating income streams inherent in the arts industry cast a shadow of uncertainty over her financial horizon.
As retirement beckoned with the promise of leisurely days and new found freedom, Sarah found herself confronting a dilemma that loomed larger with each passing day. The same artistic fervour that fuelled her career now collided with the practicalities of financial planning.
How could she ensure a stable income to sustain her through the golden years without sacrificing the essence of her creative spirit?
Caught in the cross-currents of passion and pragmatism, Sarah sought solace in the transformative power of annuities.
Section 1: A Surprising Discovery
Sarah stumbled upon annuities in a conversation with a financial advisor who works at Coronation Life Assurance. Intrigued by the promise of a consistent income stream, she decided to explore this financial tool further. Little did she know that this decision would redefine her retirement.
Section 2: Steady Streams in Uncharted Waters
Annuities gave her fixed payments-a sense of security, allowing her to weather market fluctuations without sacrificing her standard of living. The annuity transformed the unpredictable waves of retirement income into a steady stream, giving Sarah the confidence to explore new passions without financial worry.
Section 3: Customizing the Script
What sets annuities apart is flexibility. Sarah, like many others, discovered the freedom to tailor her annuity to fit her unique needs.
By opting for a lifetime income option with beneficiary benefits (valid if policyholder dies within 10 years) she not only secured her own future but also ensured that her loved ones would be financially supported in the event of her passing.
Section 4: Legacy of Stability
As Sarah continued her journey into retirement, the true impact of annuities unfolded. The financial stability provided by her annuity allowed her to leave a lasting legacy for her family. Her story became a testament to the transformative power of annuities, not just as a means of securing one’s own future but as a tool to create a ripple effect of stability for generations to come by ensuring non-dependence on her loved ones for livelihood and guaranteeing benefits to them in the event of her demise (within the first 10 years)
In plain terms:
Annuities possess several unique qualities that set them apart from other financial instruments:
Guaranteed Income
One of the most distinctive features of annuities is their ability to provide a guaranteed stream of income. Depending on the type of annuity, this income can be fixed or variable and can last for a set period or even for life. This guarantee offers peace of mind to investors, particularly retirees, who seek a reliable source of income to support their lifestyle.
Tax Deferral
Annuities offer tax-deferred growth, meaning that any earnings within the annuity grow tax-free until they are withdrawn. This can be advantageous for individuals looking to maximize the growth of their investments overtime without being subject to immediate taxation.
Flexibility
Annuities come in various forms, including fixed, variable, and indexed annuities, each offering different levels of risk and potential return. This flexibility allows investors to tailor their annuity choices to align with their risk tolerance, investment goals, and financial circumstances.
Death Benefit
Many annuities offer a death benefit, ensuring that a beneficiary will receive a certain amount, typically the initial investment or the accumulated value, upon the annuitant’s death. This feature can provide a measure of financial security for loved ones and can be particularly appealing for those concerned about leaving a legacy.
Lifetime Income Options
For retirees seeking to address longevity risk—the risk of outliving their savings—annuities offer unique solutions. With options such as immediate annuities or longevity annuities, individuals can secure a steady stream of income for life, regardless of how long they live.
Protection from Market Volatility
Fixed annuities provide protection from market volatility by offering a guaranteed interest rate for a specified period. This can shield investors from the ups and downs of the stock market and provide a stable foundation for their retirement income strategy.
Sarah’s journey with annuities is a compelling testament to the transformative power of these financial instruments. From uncertainty and anxiety to confidence and stability, annuities have the potential to reshape the narrative of retirement. As we navigate the unknowns of our financial future, let Sarah’s story serve as an inspiration–a reminder that with the right financial tools, we can turn the page from uncertainty to a chapter filled with confidence and peace of mind. With confidence and peace of mind.
For more information, visit our website www.coronation.ng to start, call: 01-2774500, 020-1-2774500, or send an email to co***********@*********************om.ng
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited further depreciated by 0.84 per cent on Monday as a result of sell-offs in PZ Cussons, BUA Cement and others.
During the session, apart from the consumer goods index, which closed higher by 0.59 per cent, every other index closed lower, with the industrial goods sector the heaviest loser after shedding 3.28 per cent. The insurance space declined by 2.18 per cent, the banking sector depleted by 1.44 per cent, and the energy segment shrank by 0.09 per cent.
Consequently, the All-Share Index (ASI) retreated by 2,049.65 points to 241,749.11 points from 243,798.76 points, and the market capitalisation contracted by 1.315 trillion to N155.130 trillion from N156.445 trillion.
The market was under selling pressure yesterday, as reflected in the market breadth index, which was negative after closing with 48 price losers and 22 price gainers, indicating weak investor sentiment.
PZ Cussons was the worst-performing stock after shedding 10.00 per cent to finish at N81.00, BUA Cement lost 9.99 per cent to settle at N306.20, Red Star Express declined by 9.98 per cent to N22.10, RT Briscoe depreciated by 9.70 per cent to N12.10, and C&I Leasing dropped 9.38 per cent to trade at N28.12.
The best-performing equity for the day was International Breweries, which chalked up 9.77 per cent to quote at N14.60, NAHCO improved by 8.36 per cent to N177.00, UAC Nigeria expanded by 8.11 per cent to N199.95, DAAR Communication grew by 6.67 per cent to N1.76, and Vitafoam Nigeria gained 5.87 per cent to close at N194.80.
During the session, investors bought and sold 523.5 million shares worth N22.3 billion in 59,945 deals compared with the 441.3 million shares valued at N19.4 billion traded in 44,938 deals last Friday, indicating an increase in the trading volume, value, and number of deals by 18.63 per cent, 14.95 per cent, and 33.40 per cent, respectively.
FCMB closed the day as the most traded stock, with 102.2 million units valued at N1.0 billion. International Breweries sold 26.8 million units worth N387.2 million, Access Holdings exchanged 24.8 million units for N618.2 million, McNichols traded 20.3 million units worth N95.0 million, and Stanbic IBTC transacted 18.4 million units valued at N2.9 billion.
By Adedapo Adesanya
Nigeria met its production quota set by the Organisation of Petroleum Exporting Countries (OPEC) as crude oil and condensate production soared to an average of 1,735,398 barrels per day in June 2026, representing positive growth for a fourth consecutive month.
This is according to a statement released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and signed by its Head of Media and Corporate Communications, Mr Eniola Akinkuotu, on Sunday.
The regulator noted that in June, crude oil production hit 1.56 million barrels per day while 0.18 million barrels per day of condensates were produced. The commission revealed that Nigeria met 104 per cent of the 1.5 million barrels per day crude oil production quota set by OPEC.
Business Post reports that OPEC quota doesn’t account for condensates in its count.
In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high.
In June, NUPRC noted that the peak combined crude oil and condensate production was 1.89 million barrels per day, reflecting Nigeria’s potential to reach 2 million barrels per day in the near term. However, the lowest production was 1.57 million barrels per day for the period in review.
According to the upstream regulator, the improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review.
This enhanced operational stability supported improved production uptime and crude evacuation efficiency.
Nigeria, which is Africa’s biggest oil producer, has not been able to top its record-high production of 2.5 million barrels per day recorded in 2025 due to challenges ranging from underinvestment to oil theft.
By Dipo Olowookere
On the Nigerian Exchange (NGX) Limited last week, investors transacted 3.648 billion shares worth N220.568 billion in 251,861 deals compared with the 3.821 billion shares valued at N154.393 billion traded in 258,567 deals a week earlier.
Analysis showed that financial stocks led the activity chart with 2.899 billion units sold for N147.360 billion in 106,603 deals, accounting for 79.48 per cent and 66.81 per cent of the total trading volume and value, respectively.
Services equities recorded a turnover of 164.914 million units valued at N3.615 billion in 16,375 deals, and the consumer goods shares exchanged 157.451 million units worth N7.777 billion in 27,950 deals.
First Holdco, Zenith Bank, and Fidelity Bank were the busiest stocks for the five-day trading week, trading 1.745 billion units valued at N121.828 billion in 31,053 deals, contributing 47.85 per cent and 55.23 per cent to the total trading volume and value, respectively.
Business Post reports that 60 equities appreciated during the week versus 22 equities in the previous week, 28 shares depreciated versus 57 shares of the preceding week, and 58 stocks closed flat versus 67 stocks of the previous week.
International Breweries gained 40.00 per cent to trade at N13.30, RT Briscoe expanded by 32.02 per cent to N13.40, Livestock Feeds improved by 28.47 per cent to N9.25, First Holdco chalked up 25.82 per cent to close at N69.20, and Abbey Bank rose by 23.65 per cent to N9.15.
On the flip side, McNichols lost 28.57 per cent to finish at N5.00, Thomas Wyatt gave up 11.64 per cent to quote at N2.43, Geregu Power declined by 10.00 per cent to N825.70, CAP shed 9.99 per cent to settle at N157.60, and Guinness Nigeria also slipped by 9.99 per cent to N329.00.
Customs Street was under buying pressure last week, making the All-Share Index (ASI) and the market capitalisation close higher by 6.35 per cent to 243,798.76 points and N156.445 trillion, respectively.
In the same vein, all other indices finished higher apart from the growth and sovereign bond indices, which depreciated by 7.43 per cent and 0.02 per cent, respectively.
