Photos: Nigerian airforce pilot reportedly beheaded by Boko Haram
The
video also shows burnt out plane parts with Nigerian military markings.
Two pilots and an Alpha jet have been missing since Sept. 11. Below is the report from AP...
A new video allegedly shows Boko Haram leader Abubakar Shekau disputing claims of his death, and the beheading of a man who identifies himself as the pilot of a missing Nigerian Air Force jet. It shows burnt out plane parts with Nigerian military markings, the first indication that Nigeria's homegrown Islamic extremists have the capability to shoot down aircraft. The man beheaded with an axe identifies himself as a wing commander, saying he has not seen his second pilot since the jet was shot down.
Before his beheading, the pilot reportedly gave his name, rank and date of birth, which is 1975 and also said
"I'm a pilot of the Nigerian air-force. On September 11th, I was assigned on a mission to Kawuri, Borno state. During the mission we were shot down and our aircraft crashed. To this day, I don't know the whereabouts of my second pilot. I was taken into the care of (Boko Haram). At the time of the crash, I sustained cuts and broken hand and some other injuries to the head.After saying this, the pilot was forced to the ground and his head chopped off with a pick axe. The pilot is said to be a Wing Commander
The jet after it was allegedly shot down...
Chrissy Teigen shows off nipple posed next to husband, John Legend
The
Sports Illustrated model showed off her nipple wearing a sheer top
while posed next to husband, John Legend. It doesn't look scandalous
until you zoom in. See it after the cut...
Minister of Health calls for cancellation of Environmental Sanitation Day
Minister of Health, Prof. Onyebuchi Chukwu has called for
the cancellation of the Environmental Sanitation Day in Nigeria. He made
the call while speaking at the News Agency of Nigeria's review of the
containment of the Ebola virus disease in Nigeria. Do you agree with
him?
Oh no! Taiwo of singing duo Oshadipe Twins dies
Taiwo of singing duo Oshadipe Twins has passed away. She reportedly died
in the early hours of this morning October 3rd in Lagos but the cause
of death has not been made public.
Taiwo (don't know which one she is in the pic above) was married and just recently gave birth to her first child. She last updated her Facebook page on October 1st. This is so sad. May her soul rest in peace, Amen. Details later...
Taiwo (don't know which one she is in the pic above) was married and just recently gave birth to her first child. She last updated her Facebook page on October 1st. This is so sad. May her soul rest in peace, Amen. Details later...
Friday, October 3, 2014
MTV Africa releases their list of top 20 greatest Naija Songs of All Time
Price Slash on Retinol; Get rid of Wrinkles, Spots and Sunburns
Happy Independence everyone! independence is not just a
day, it’s a week for us! To celebrate Independence Day, Kanuri secrets, a
proudly Nigerian company responsible for bringing T5 Fat Burners- Strongest legal slimming diet and
weight loss pill, Stop Itt Hair
loss and Hair Dandruff protecting cream, and Retinol-Wrinkles, spots and sunburns solution,
is doing a price slash on Jumia Nigeria, for Retinol,
the natural product that protects and saves your face from wrinkles, spots and
sunburns.
Retinol works for wrinkles, pimples and sunburns
in a special way that no other product does. It naturally increases the cell
regeneration process, redefining the skin's tone and texture. It helps give
your skin a vibrant, healthy glow and works for all types of skin!
From now till October 3, you will get a special
independence discount on Retinol when you buy from Jumia. What are you waiting
for, click here to shop now-à http://bit.ly/AntiAgingCr
Price Slash on Retinol; Get rid of Wrinkles, Spots and Sunburns
Happy Independence everyone! independence is not just a
day, it’s a week for us! To celebrate Independence Day, Kanuri secrets, a
proudly Nigerian company responsible for bringing T5 Fat Burners- Strongest legal slimming diet and
weight loss pill, Stop Itt Hair
loss and Hair Dandruff protecting cream, and Retinol-Wrinkles, spots and sunburns solution,
is doing a price slash on Jumia Nigeria, for Retinol,
the natural product that protects and saves your face from wrinkles, spots and
sunburns.
AIT reporter detained on the orders of AIG Mbu has been released
AIT senior correspondent, Amaechi Anakwue (pictured above) who was
detained yesterday on the orders of AIG Joseph Mbu for referring to him
as 'controversial' on a TV programme, has been released on bail. AIT
issued a statement on it this morning. Find below...
Detained AIT senior correspondent Amaechi Anakwue has been released on bail by AIG Zone 7, Joseph Mbu. He was however asked to return to the station on Friday. It would be recalled that the reporter was arrested by Joseph Mbu yesterday for describing him as 'controversial' on a television programme. In a swift reaction to his arrest, the management of Daar communication Plc, owners of AIT, had yesterday unequivocally demanded the unconditional and immediate release of its reporter from police custody.
All members of Ondo state House of Assembly decamp to PDP
Barely 24 hours after Ondo state governor, Olusegun Mimiko formally
decamped from Labour Party to the PDP, there are reports this morning that all members of the State House of
Assembly have also decamped from the Labour party to the PDP. Details later.
Iyanya, Olamide, Patoranking storm UNILAG for Coke Studio Africa concert
Coca-Cola’s
youth-centric music platform, Coke Studio, is set to storm the
University of Lagos, Akoka, on Friday October 3, 2014, with
electrifying performances from top actslike Olamideand Iyanyawho would
headline the event alongside trending vocalist Tekno, Emma Nyra and
dancehall maestro Patoranking.
According to the Brand Manager, Colas, Coca-Cola Nigeria, Olufemi Ashipa, the Coke Studio concert will continue to excite campus communities across Nigeria with live music from established music stars, who would perform alongside upcoming and aspiring local artistes at each campus where the music platform visits.
“The huge turnout by fans and the rave reviews for the Coke Studio outings at the Lagos State Polytechnic (LASPOTECH), the University of Benin and the Abia State University are indicativeof the high level of consumer engagement which Coke Studio enjoys across the country.” Ashipa said. He also added that Coca-Cola would continue to connect the very best artistes from across Africa to create new sounds through a fusion of genres, styles, and songs. Berthed in 2013 in Africa, the Coke Studio has become a huge success in other parts of the world including the Middle East and Asia.
This year, its second season has turned out bigger, bolder, and better as it has been expanded to include a series of concerts across several higher institutions in Nigeria. Interested members of the campus community, who would like a chance to perform live on stage with the stars on parade, can do so during the concert by buying a bottle of Coke, liking Coca-Cola on Facebook and coming out to enjoy good music.
According to the Brand Manager, Colas, Coca-Cola Nigeria, Olufemi Ashipa, the Coke Studio concert will continue to excite campus communities across Nigeria with live music from established music stars, who would perform alongside upcoming and aspiring local artistes at each campus where the music platform visits.
“The huge turnout by fans and the rave reviews for the Coke Studio outings at the Lagos State Polytechnic (LASPOTECH), the University of Benin and the Abia State University are indicativeof the high level of consumer engagement which Coke Studio enjoys across the country.” Ashipa said. He also added that Coca-Cola would continue to connect the very best artistes from across Africa to create new sounds through a fusion of genres, styles, and songs. Berthed in 2013 in Africa, the Coke Studio has become a huge success in other parts of the world including the Middle East and Asia.
This year, its second season has turned out bigger, bolder, and better as it has been expanded to include a series of concerts across several higher institutions in Nigeria. Interested members of the campus community, who would like a chance to perform live on stage with the stars on parade, can do so during the concert by buying a bottle of Coke, liking Coca-Cola on Facebook and coming out to enjoy good music.
Connect with Coca-Cola
Nigeria on Facebook: https://www.facebook.com/cocacola,
Twitter: https://twitter.com/CocaCola_NG
and Instagram: http://instagram.com/cocacola_ng
Dakore Akande's younger brother releases new promo photos
Photo: Another American in Liberia tests positive for Ebola
The 33-year-old cameraman and writer started showing symptoms of the disease on Wednesday Oct. 1st and immediately quarantined himself after suspecting he might have contracted the disease.
He then went to the Doctors Without Borders test center in Monrovia, Liberia where it was confirmed he had the disease. He is expected to be evacuated from Liberia to the United States immediately for treatment.
Four other NBC News team members who have shown no signs of the infection will also return to the US to undergo precautionary quarantine.
Friday, October 3, 2014
Between IK Osakioduwa and his wife...on their wedding anniversary
TV/Radio personality IK Osakioduwa and his wife Olo sent each other very
lovely messages on twitter as they celebrate their 6th wedding
anniversary. So romantic. See tweets from Olo after the cut
So sad! Popular dancer Kemi Omotoyinbo dies during child birth
According to her friends, Kemi was in and out of labour for several days in a private hospital and when she couldn't give birth the natural way, doctors said she would have to do a C&S. The doctors told her the operation would cost N450k and demanded an initial deposit of N300k before they do it.
According to Kemi's friends, the husband couldn't come up with the money immediately but begged the hospital to carry on with the operation that he would pay the next day (October 1st) but the hospital insisted on the deposit and refused to carry out the operation. Sadly, Kemi passed away last night.
Check out these hilarious messages sent by ex-lovers to their ex partners
Check out these hilarious text messages from former lovers to their ex-partners asking for forgiveness, venting their anger, and some asking for their stuff back. These messages were shared with the world via a new Instagram feed called Texts From Your Ex.
The account
gives former lovers the chance to share screenshots of angry or funny
text messages they sent to former partners via email or instagram. See
some hilarious and crazy ones after the cut...
Family of five found dead in their home in Lagos
A woman and her four children, all boys, were found dead in their residence at 8 Kunle Owooade Close, in the Itamaga area of
Ikorodu, Lagos yesterday October 1st.
The family were discovered yesterday in their home with three of them
already decomposing. Three of the boys were in one room, while the
mother and the youngest boy were found in another room. One was actually
found alive but barely clinging to life. He died on his way to the
hospital.
A neighbour said the last time the family was seen alive was on Friday
September 26th. Neighbours decided to check on the family when they
noticed an offensive odour coming from their building, where they lived
alone. The woman's husband is said to have died about four years ago.
When they knocked and nobody opened, they decided to break the door and
found the dead bodies. Nobody knows for sure what killed the family but
some neighbours attributed to food poisoning while others think it
generator fumes.
Defence HQ releases statement on purported video of Shekau in circulation, says its fake
The Nigeria military has reacted to the purported Boko Haram video
released earlier today where Shekau or his fake said he was still alive.
The military insists that he was killed last month and that the video
is fake. Read the statement posted on the Defense HQ website below...
The Defence Headquarters is studying the claims made in the video purportedly released by the terrorists showing their leader Abubakar Shekau as dismissing his death. From immediate observation and what some online news outlets claimed to have seen, the video did not indicate when it was shot neither did it show any proof of life or currency such as screen time or date.
The video also did not make any reference to anything that has happened since the impostor’s reported death. It is also noteworthy that the air plane said to be mentioned in the video had been missing before he was killed.
It should not surprise anybody if the terrorists decide to manipulate pictures, clone another Shekau or upload a pre-recorded video all in a bid to prove invincible. As far as we are concerned, the individual who was appearing in video and claiming to be the leader of the terrorist group was killed in the Kondunga battle in September.
The resemblance of the corpse and that of the eccentric character was incontrovertible. His identity was equally corroborated by people who knew him before we announced his death. So, while waiting to see the new video before any further statement, our message to them is that justice will be served to whoever bears that name or designation and whoever engages in act.
Meet the Nigerian millionaires allegedly sponsoring the lifestyles of US reality stars
MediaTakeOut.com spoke with multiple sources in the Atlanta Housewives - and there is a definite theme this season - getting an a married African sponsor. We have heard rumors or fact that at least four of the ladies on the show have an African sponsor.
1. Porsha (left) is being sponsored by one of Nigeria’s top oil barons Bashorun Jide Omokore. He's a 60 year old married man and he's the one that bought her the Rolls Royce. Part of the reason why Porsha lost her peach - is that she refused to talk about him on camera, for fear that he'd stop sending her $$$. Bravo knew it would be a real interesting storyline and so they got upset and demoted her. This is not rumor - it is #Facts#2 - Kenya Moore (pictured top right) is being sponsored by two wealthy African men, both married. The first man is named "Osama", he made a fortune in Nigeria then opened up a high end restaurant in Dubai named Kiza. The second sponsor is Tonye Cole, a married Nigerian oil millionaire - he retired from business and is now a PREACHER. Photos of BOTH are below.
4. Phaedra - Phaedra's estranged husband Apollo claims that he had "evidence" that she's being SPONSORED a wealthy African whom she refers to as "Mr Chocolate." These are just ALLEGATIONS by Apollo.
Ini Edo tweets about her crashed marriage, says she never cheated on her ex
Ini Edo has reacted to reports that her five year marriage ended because of infidelity on her part. She says this is not true.
Cheers! 4th Nigeria International Wine & Spirit Fair 2014 | October 23 – 24
Spronks Creations Limited is proud to present the 4th Annual Nigeria International Wine & Spirit Fair (NIWSF).
The NIWSF is a world class platform
aimed at fostering inter-cultural business relationship between wine and
spirit producing countries and sub-Saharan African countries. The fair
also aims to encourage local production of quality ingenious wine and
spirits including educating consumers on wine cultures and etiquette.
This year’s fair, now fourth in the series, with the theme: Wine, Spirit, Trade, Consumer Experience and More,
will host over 30 wine and spirit exhibitors drawn from over 10
countries including Spain, New Zealand, Canada, South Africa, United
States of America, Argentina, Chile, Italy, France and Nigeria.
Interested exhibitors and attendees are advised to register on the official website: www.nwsf-ng.com OR
Email: info (at) nwsf-ng.com OR
Call: 08097776657 // 08033816508
Email: info (at) nwsf-ng.com OR
Call: 08097776657 // 08033816508
Date: Thursday and Friday 23 – 24, October 2014.
Time: 11AM
Venue: External Ballroom and Extension, Federal Palace Hotel, Victoria Island, Lagos
Time: 11AM
Venue: External Ballroom and Extension, Federal Palace Hotel, Victoria Island, Lagos
posted by Ezekiel Akamagwuna
Ebola: American Cameraman Documenting Outbreak Contracts Virus
An American freelance cameraman covering the Ebola outbreak in West Africa for NBC News, has contracted the virus.
The 33-year-old victim will be taken back to the US for treatment, National Headlines reports.
He was working alongside four other journalists, however; his colleagues have shown no signs of Ebola. For precautionary measures, they are being flown to the US to be placed under quarantine.
Photo Credit: Getty Images
posted by Ezekiel Akamagwuna
Enjoy 50% Discount For 7 Days at Adam&Eve this Holiday Season | Coupon Code for Free Gift!
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Date: October 1st – 7th 2014
Venue: 8, Isaac John GRA Ikeja, Lagos
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posted by Ezekiel Akamagwuna
BN Cuisine with Matse: Naija Eats, The Fine Dining Edition – Starter | Egusi Tomato Pepper Soup
My
people I hail O! I thank una well well for the comments wey una write
for my last post. Come see me! I was dancing like MC Hammer…see sweat!
See happiness! In short, I screamed when I saw the post on Bella Naija.
My dog was so startled that it ran out of the house and started barking
as if to say: “Shuooo! My Madam don chop craze?!”.
I ran after my dog, caught her, held her
fore legs upwards and started dancing the waltz with her. The poor
thing wriggled her way out of my hands and made for the backyard. . For her mind my craziness don dey confirmed. Were gan!!!
Big thanks to Chef Fregz for his warm welcome. I have always been a huge fan Sir. Tuale!
Big thanks to Chef Fregz for his warm welcome. I have always been a huge fan Sir. Tuale!
Happy 54th Independence to every
Nigerian in the country and in Diaspora! I trowey salute! We are
now 54! Some may say that we have nothing to show for it but I believe
we have a lot to show for it. If not in infrastructure at least in it’s
people. Look at the new crop of Nigerians doing exceedingly well in
various spheres. Uche Pedro revolutionised blogging in Nigeria. Linda
Ikeji took the mantle and plunged forward with it. Chude
Jideonwo motivates and grooms young leaders. Tolu Sangosanya founded Dustbin estate
and caters for the needy, feeding thousands and making sure they get
basic education. Orode Okpu, founder of Pink Pearl foundation at under
25 years of age is making sure Nigerian women with cancer get
treated. Davido releases hit after hit. Isn’t there hope for Nigeria?! If I hear you say no, I simply want you to remember that Diarris God O!
Now unto food matters! Let me show you
a fresh way to eat steamed rice with this delicious Egusi Tomato
Pepper Soup. This is a family recipe, brought to you from Mummy
Queen’s recipe archives. I promise you that you will eat more than the
usual quantity of rice you used to.
Serves: 4
Prep time: 20 minutes
Cook time: 1 hour
Total time: 1 hour 20 minutes
Meal type: Main
Prep time: 20 minutes
Cook time: 1 hour
Total time: 1 hour 20 minutes
Meal type: Main
What You Need
250g pork/chicken/turkey (cut into portions)
1 whole fresh/dried cat fish (cut into 4 pieces or chunks if it is dried fish)
3 cooking spoons of vegetable oil
6 large tomatoes (blended)
8 fresh habanero pepper (blended)
1/2 large onion (blended)
2 Iwo/Erhe/calabash nutmeg (pounded)
5 tablespoons of egusi (blended)
2 tablespoon of tomato paste
Seasoning cubes
Salt to taste
250g pork/chicken/turkey (cut into portions)
1 whole fresh/dried cat fish (cut into 4 pieces or chunks if it is dried fish)
3 cooking spoons of vegetable oil
6 large tomatoes (blended)
8 fresh habanero pepper (blended)
1/2 large onion (blended)
2 Iwo/Erhe/calabash nutmeg (pounded)
5 tablespoons of egusi (blended)
2 tablespoon of tomato paste
Seasoning cubes
Salt to taste
Optional:
Fresh young lime leaves (these baby leaves pack more punch than the older ones in the flavour arena)
Pour the blended mix into the pot containing the cooked pork/chicken/turkey and stir properly with your cooking spoon to mix perfectly with the broth. *dorobucciplaying faintly in the back ground* Yes this is #DoroCooking!
Fresh young lime leaves (these baby leaves pack more punch than the older ones in the flavour arena)
How To
Cook the pork/chicken/turkey in 2 cups of water with onion, salt and seasoning cubes. Cook
am done o! You know sey our pork et al need serious cooking if not some
old soldiers go lay eggs for your belle. Ehn! For those of una wey nor
dey chop pork, abeg use chicken or turkey.
Pound the Iwo/erhe/calabash nutmeg in a
mortar until smooth. Using a blender or food processor may be tricky
because of the quantity.
Now, blend the tomatoes, onion and
pepper until it becomes a paste. Add the pounded iwo/erhe/calabash
nutmeg. Sprinkle in the egusi and blend to a mix.
Oh yes! See how orangey the paste looks?!
Pour the blended mix into the pot containing the cooked pork/chicken/turkey and stir properly with your cooking spoon to mix perfectly with the broth. *dorobucciplaying faintly in the back ground* Yes this is #DoroCooking!
Add the vegetable oil and stir. Cook until it starts boiling.
Add the tinned tomato paste, seasoning
and salt to taste. Cook for 5 minutes.Feel free to dance as the music
plays…mind you, keep the song on repeat!
Time for the fish! Add a little water to the pot …or more if you want the sauce to be a bit lighter in consistency (you know we all have different likes). Gently add the fresh fish, make sure the sauce covers it. You can also drop in the dried fish chunks if this is your fish of choice. Allow
to boil for 5 minutes. Take note to reduce the heat so that the
goodness of the sauce can sip into the fish. Don’t stir too much with
your cooking spoon if you are using fresh fish. Simply hold the handles
of the pot and twirl. *imagine Iyanya rolling his waist* Gooood! Twirl it just like that.
Now add the young lime leaves if using, cover the pot with a good lid and allow it to boil away. *Faint music in the background gradually coming up* If you are #Doro don’t waste your dancing talent. Oya start to dey dance!
Cook until you see the vegetable oil come to the top. Feel free to massacre the sauce with steamed rice, pounded yam, fufu etc!
Happy 54th Independent #DoroNigeria! Enjoy!
Smart Money with Arese: Nigerian Women & Money – For the Stay-At-Home Mum
My
friend Oyinda once said that in Nigeria, when it comes to managing
their finances, most women are raised to go from depending on their
fathers to depending on their husbands. I found this quite profound as
it meant that in most households, men are taught to hustle hard but
women are taught to marry well. This is essentially what Chimamanda
Adichie was saying in her TED talk.
However, in modern day Nigeria, if a
woman isn’t smart about her money, any sudden life changes could mean an
inability to adapt quickly. Unfortunately, women are more vulnerable
financially when it comes to divorce, death of a husband or loss of a
husband’s income.
I’ll never forget the numerous stories
growing up about women with several children who lost their husbands to
sudden illness, accidents or other women.
‘Poor woman her husband’s relatives
didn’t even wait till his body was cold in the ground before they threw
her out of her home, because their brother’s property was now theirs’.
‘Did you hear that Mrs. Bamidele’s
husband has married his mistress? He has moved her and the kids out of
their Ikoyi home to a self-contained in Eric Moore towers’.
The thing, the women in these stories
had in common was being financially helpless, when life threw them a
curve ball because they were unprepared. We never think it’ll happen to
us but the bitter truth is that sometimes, life happens and it’s
important to be prepared.
Financial intimacy – ‘ Shine your eye’
I heard an incredible story once; about a
woman who was a stay at home mum with 5 children when her husband died.
She managed to pull herself by the bootstraps and take over the running
of her husband’s distribution company. I often wondered if she was
successful because she was exceptionally smart or because he discussed
all his transactions with her while he was alive. Perhaps it was a
combination of both.
Unfortunately, ‘Oh I don’t need to know
about our money matters because my husband takes care of everything’ is a
sentiment often expressed by many stay at home mums. While its great
that your husband supports you financially, you should ponder on the
following. Will our family be able to maintain this lifestyle if
anything happens to my spouse? Will my children be able to go to the
same schools they attend now? Will I have the means to pay rent every
year?
Ask questions about your family’s
financial future. What are our assets? Do we have any debt? Do we have
an emergency fund? Is there a will? Do we have life insurance? The last
thing you want to do is start learning about your financial situation
when you are in shock.
Coupled with the fact that our society
can be very susperstious when it comes to talking about wills and what
will happen if? Men often don’t talk about work because they are afraid
they will bore their wives with the details.
Take an interest in his business. Your
husband is more likely to share the details of the ins and outs of his
money with you, if you can hold an intelligent conversation about it,
give some insight or add value. Educate yourself about his industry,
watch the news, and know what is going on in the world. Not everyday
‘Fashion police’ or ‘African magic’, sometimes CNN and Channels news.
Run your home like a corporation.
Folake is a wife and a mother of 3
beautiful children. She gave up her lucrative banking career a year
after she got married to focus on raising her kids because the stress of
both parents working rigorous hours was starting to take its toll on
her family.
She was fortunate because her husband’s
income was sufficient to maintain their lifestyle and he provided her
with N200k to run the household and N100k to look after herself every
month. So she was ‘chillin’.
Unfortunately, four years later, her
husband lost his job and he was adamant that she not, go out to look for
work. Even though she fought him on this for a while, it was a
frightful prospect. She had been out of the game for so long that it
would be difficult to rejoin the workforce with outdated skills,
especially in such a tough job market. She thought about starting a
small business but they did not have enough capital to risk, while their
financial future was so uncertain.
It took her husband almost 8 months to
find a new job and the last three months were especially difficult as
they had to borrow from friends and family just to make ends meet.
Months later, when things were finally
back to normal, Folake decided that despite the fact she wasn’t earning
her own income, she didn’t want to be financially helpless, if her
family was ever in this situation again.
She realized that although her husband
is the captain of the ship, she is his lieutenant and she needed to play
her position. She respected his wishes, that she remain a housewife but
felt she needed to take control of the aspect of her family’s finances,
she had some power over.
She took 3 important steps
Tracking Her Spending
Using her bank statements, she began an exercise to track her expenditure. This helped her determine exactly where her money was going and by categorizing her spending, she was able to highlight her problem areas.
Using her bank statements, she began an exercise to track her expenditure. This helped her determine exactly where her money was going and by categorizing her spending, she was able to highlight her problem areas.
What she discovered surprised her. She was not an extravagant person but according to her statements she spent 40% of the income that came to her on grooming, bags, shoes and gold jewelry. She made a decision to reduce her expenditure on these items because when her family was facing difficulty and she needed to start selling off what she thought were valuable assets, she was disappointed to discover that she could only sell what she had acquired for a fraction of the cost.
She also decided to cut spending on food
by limiting the things she bought at supermarkets that could be bought
in bulk in the market at a lower cost.
Created A Budget
Folake realized she had never really had a budget. She used to think that as long as her spending did not exceed the 300k her husband gave her she was fine but after their mini crisis she realized it was important to create a budget that cut her spending by 20% so she could put it towards her financial future.
Folake realized she had never really had a budget. She used to think that as long as her spending did not exceed the 300k her husband gave her she was fine but after their mini crisis she realized it was important to create a budget that cut her spending by 20% so she could put it towards her financial future.
Started an Investment Portfolio
After 6 months of saving, she went to speak to an investment adviser to see how she could get a better return on the money she was saving. Her portfolio was structured as follows. 30% in fixed deposits, 20% in Treasury bills, 30% in Mutual funds and 20% blue chip stock and earned an average annual return of 9%.
After 6 months of saving, she went to speak to an investment adviser to see how she could get a better return on the money she was saving. Her portfolio was structured as follows. 30% in fixed deposits, 20% in Treasury bills, 30% in Mutual funds and 20% blue chip stock and earned an average annual return of 9%.
Even though she didn’t earn her own
income, by taking these steps she had created Plan B for her family and
that helped to relieve some of her financial anxiety.
Looking after our kids is the most
important role a woman will ever have. So, if you’ve made the decision
to give up working to stay home and give them your full attention. It is
a lifestyle choice and I applaud you for it. However, it’s important to
have hands on approach to your family’s money matters in whatever
capacity. Either by being fully aware of the financial decisions being
made on your behalf or by taking control of the aspect of your finances
you have jurisdiction over.