Are you 58 with no savings?

’Nimi Akinkugbe

Nigeria celebrates 58 years of independence next week. Sadly, we have not met our own expectations as a nation or attained the financial stability and security that we desire.

What does 58 mean to you? Are you 58 with little in the way of savings and investments? Can you see where 30 or more years of life can be funded? Will your children be willing and able to support the lifestyle you have grown accustomed to? Sadly, many people approaching the traditional retirement age cannot afford to retire.

There is no magic wand to wave and wish away the problem. Time is a fundamental part of successful investing and you have lost time. However, not all is lost; the good news is that there are concrete steps that you can take to help you along the journey to financial security. Here are some tips for late-starters:

Spend less than you earn

If you have been living a lifestyle dependent on that fat check that keeps coming in month after month, you will have to exercise the…

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Divers recover six bodies after Borno boat accident

Local divers have recovered the remains of six out of the nine passengers involved in a boat accident at Zabarmari in the Jere Local Government Area of Borno State.

The News Agency of Nigeria  reported that the incident occurred on Friday during a boat journey from Zabarmari to Dusuman Settlement.

The ward Head of Zabarmari, Bulama Maidamma, who comfirmed the incident, told NAN that two females and four males died while three  passengers were rescued.

Maidamma said, “The two females boarded the boat from Budum area, some of them were heading for Dusuman for the Jummat prayers while others went to attend the funeral of a relative.”

He attributed the incident to the heavy wind with sandstorm which lasted for about 30 minutes on Friday.

“The boat capsized at the deeper point of the river. Most of them drowned because they could not swim and were not putting on life jackets.

“Consequently, we mobilised divers to go in search of them. They were able to rescue three…

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ICYMI: Ahmed’s appointment confirms Buhari’s tribal toga — Junaid

WILLIAMS BABALOLA

A Second Republic lawmaker, Junaid Mohammed, has faulted the decision of President Muhammadu Buhari to make Mrs Zainab Ahmed the supervising minister of the Ministry of Finance.

The former minister, Mrs. Kemi Adeosun, vacated the seat last week after resigning her appointment for allegedly using a fake National Youth Service Corps exemption letter.

Buhari immediately asked Ahmed, the then Minister of State for Budget and National Planning, to oversee the finance ministry.

But Mohammed, in an interview with our correspondent, said the latest appointment showed that no amount of criticism could change Buhari’s alleged acts of nepotism.

The former legislator accused the President of appointing his kinsmen into key positions.

The Cable, an online newspaper, stated that the minister was the daughter of Dr Yahaya Hamza, the foster father of Nasir el-Rufai, the governor of Kaduna State.

The medium added that when an eight-year-old el-Rufai’s biological father died,…

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NNPC urges NUPENG, PENGASSAN to halt planned strike action

The Group Managing Director, of Nigerian National Petroleum Corporation, Dr Maikanti Baru, has urged oil workers to halt their planned strike over a labour dispute involving Chevron Nigeria Limited management and the staff.

The unions are National Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria .

Baru made the appeal in a statement by NNPC’s Group Public Affairs Manager, Mr. Ndu Ughamadu, in Abuja on Sunday.

The GMD, Nigerian National Petroleum Corporation, said he had directed the management to work with other stakeholders to resolve the issues raised by the leadership of the unions.

READ ALSO: Bandits kidnap former councillor, six others in Zamfara, demand N100m

He appealed to the unions not to do anything that would disrupt the industrial harmony that had pervaded the sector.

The group managing director expressed fears that the gains of the recent past in the sector, if care was not taken, could be frittered…

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Bandits kidnap former councillor, six others in Zamfara, demand N100m

The police in Zamfara said armed bandits have abducted seven people from Nahuche village of Bungudu Local Government.

The police said the villagers, including a former councillor, Bello Daniya, were kidnapped in the early hours of Sunday.

An eyewitness, Malam Sani Ibrahim, had earlier told the News Agency of Nigeria that the bandits besieged the village in large numbers, fired guns into the air and ordered the villagers to show them the house of Bungudu local government APC chairman, Alhaji Hamisu Coordinator.

He said that the abductors, however, found themselves in the former councillor’s house, who lives close to the APC chairman. They kidnapped him along with four boys and two girls.

READ ALSO: Ikuforiji urges Epe indigenes to pray for Ambode’s second term bid

Ibrahim said the abductors later released one of the victims with a note demanding N100 million ransom for the other victims.

While confirming the incident, the state Police Public Relations Officer, SP Mohammed…

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Ikuforiji urges Epe indigenes to pray for Ambode’s second term bid

Governor Akinwunmi Ambode’s kinsmen have resolved to take the battle to God in prayers as opposition to his second term bid mounts.

An indication to this effect came from Mr. Adeyemi Ikuforiji, a former Speaker, Lagos State House of Assembly, as he urged Epe indigenes to pray that Ambode successfully clinches the All Progressives Congress’ ticket at the governorship direct primary scheduled for September 29.

Ikuforiji made the appeal at the grand finale of Kayokayo festival in Epe on Saturday night.

Epe is the hometown of Ambode.

The News Agency of Nigeria reports that the state’s Governor’s Advisory Council, the highest decision-making body of the APC in Lagos, met on Saturday night where it resolved that the chapter must hold a primary election to determine its governorship candidate.

READ ALSO: UPDATED: INEC declares Osun election inconclusive

The decision may have removed the hopes that the party would clear the coast for Ambode’s bid by asking his challengers to…

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Plateau APC queries BOT member over alleged anti-party activities

The Plateau chapter of the All Progressives Congress has queried Amb. Yahaya Kwande, elder statesman and member of the party’s Board of Trustees, over alleged anti-party activities.

Mr Latep Dabang, the party’s state chairman, who signed the query, asked Kwande to explain why he attended a political rally organised by the rival Peoples Democratic Party, in Jos, on September 18.

The letter, dated September 21, declared that Kwande’s action constituted “disloyalty and serious embarrassment to the APC family”.

“It is bad that as a BOT member of our party, you attended a rally of the PDP and even addressed the public.

“To make matters worse, you told the PDP supporters that they should not be surprised if you bring Governor Simon Lalong to the party, knowing fully well that he is the leader of the APC in the state.”

READ ALSO: No regrets serving Nigeria under Jonathan – Sambo

The APC leader ordered Kwande to, within 24 hours, explain why disciplinary action should…

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