Remember that no one get the overnight success amd there is nothing like luck factor..
Just keep grinding hard and you will eventually get there..
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CBN Withdraws Skye Bank’s License To Operate, Polaris Bank take over.
The Central Bank of Nigeria (CBN) has withdrawn the operating license of Skye Bank.
CBN Governor, Godwin Emefile announced the decision of Friday evening in Lagos.
Polaris Bank has been established to assume ownership of the assets and liabilities of Skye Bank.
The Nigeria Deposit Insurance Corporation has injected N786bn in the new bank.
The management of the defunct bank was however retained for its good performance.
The defunct Skye Bank has been on CBN’s lifeline since July 2016 and the apex bank says it can no longer continue to intervene to keep the balance liquid.? #skyebank#assets#liabilities#polarisbank#cbn#godwinemefiele#liquidated#zelafrica#economy#banking#financialcrisis
Pay day is right around the corner. You should allocate a portion of your earning to saving and investment first periodically.
Create a monthly budget and assign a percentage of income (usually a minimum of 10-20%) to your savings and investment first, just like you would assign cash for utilities.
Most of us only know one way of earning income, and that way is usually the number 1 option (EARNED INCOME). But as demonstrated, there are multiple ways to make money. Consider venturing into building multiple streams of income, and even if the (EARNED INCOME) doesn't work out and you find yourself having lost your job, you'll have the back up of seven other options of earning to provide for you.
Do you agree? 💯
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IASB has issued a revised version for “Conceptual Framework for Financial Reporting”. The framework isn’t a standard nor it will be replacing existing standards, however, businesses that have been using accounting policies based on previous version of Framework might be affected.
The Framework is especially useful for businesses to create accounting policies at situations where there is no existing standard policy defined. The Framework also revised the definition of assets and liabilities; defining them as economic resource and obligatory transferable financial resource respectively, replacing the older definitions that were mainly based on flow on benefits.
This all goes back to my following post for clarification. It’s all about how you spend your time and money. Get your priorities in order so that when it comes to investing in yourself it won’t be hesitation when it comes to investing in your future 👌🏾