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29/01/2020

Abbaforte Kelly Outsource Accounting Service

The need for accounting service for small businesses is apparently an important issue that every entrepreneur must take seriously to succeed this year.

Hiring an accountant may be too expensive for a small business but you can receive professional accounting service from Abbaforte Kelly at the same price of a week lunch in a fast food restaurant.

Abbaforte Kelly Accounting is proud to be an accounting agency that helps business clients make sound financial decisions on a daily basis. We are fully committed to helping your enterprise succeed by performing the critical accounting functions that keep you financially solvent and compliant with financial regulations.

Should you have any questions on this service and other services we render, simply submit them through an email to [email protected], [email protected], or text to 08023136635 and you will receive a response as soon as possible.

13/04/2015

http://www.safegatemfb.com/mk

25/08/2014

can you feel the cashless society?
http://eepurl.com/1HUXT

21/07/2014

We offer certificate of deposit as an alternative investment option to you by helping you grow your investment with us. Returns can be up to 16.5% per annum.............SUCCEED

17/07/2014

08/07/2014

SIMPLE TEST ON PERSONAL FINANCE

Have you been making money but wonder why you are not wealthy in relation with how much money passes through your hand?
Here are some simple questions that can help you to get right on track.
1. DO YOU HAVE A SAVINGS ACCOUNT?
The art of wealth building begins with savings as illustrated by Napoleon Hill in his book titled “The richest man in Babylon”. You need to have a savings account to deliberately accumulate money. The rule is to pay yourself monthly or according to how frequently you pass money by setting aside a percentage of your earnings e.g 2%,3%,5%,10% etc to keep in the savings account. Some people who are customers of Safegate MFBank have been able to do this over the past one year and are currently having up to one million in each of their account which they also use to gain access to loan or to use for business expansion.
2. DOES YOUR SAVINGS ACCOUNT SYSTEM ALLOW YOU TO USE ATM CARDS?
If you fall into this temptation, you may never be wealthy. Retail banking products such as ATM have been designed to enable easy access and spending which should never be a part of savings. The progress should be from savings to investment then to wealth acquisition and not from savings to spending as spending your money as you earn, it will still take you back to your starting position.
3. DO YOU BUY THINGS THAT FASCINATE YOU OR BUY ONLY WHEN IT IS NECESSARY?
If you are fond of shopping malls, clubs, parties you are likely one of the good spenders. Warren Buffet (the richest investor in 2013) advises that if you keep buying things you do not need, then you will eventually sell all the things you need. You must be disciplined to be wealthy, no matter how much money you make; you can only become rich through how much you retain out of your earnings and not how much you earn. Quit spending on things you don’t need.
4. DO YOU INVEST IN MONEY MARKET?
Money market is the best place to start your investment because of its liquidity. You however need to know that your money market investment yield a return higher than inflation rate for you to preserve your wealth. Inflation rate in Nigeria hovers between 9% and 12% par annum month on month. You must find a bank that gives you return of at least up to the inflation rate for your investment to be meaningful. Most retail banks offer between 1.5% and 6.5%. You may want to consider other sub-sectors of banking for better returns.
Consider this matter seriously and take a bold step to wealth creation now. Time is fast running.
Thank you
PS:
Do you know that Safegate Mfbank is a financial institution that gives you up to 16% returns on investment par annum and is fully insured by NDIC?
Contact us on 08023136635 0r 08027118282
Visit our website on www.safegatemfb.com or
Email us at [email protected]

27/06/2014

You need alternative retirement plans

If life expectancy in Nigeria is 52/54years for male/female, then retirement age should be 35years. Please read on for more insight.

“Your financial growth is our interest” – Safegate mfbank

YOU NEED ALTERNATIVE RETIREMENT PLANS
Retirement does not necessary mean that you will not work for the rest of your life. In fact, most people begin a new career after retirement. The perspective from which we should wisely view retirement is financial freedom. Therefore, retirement should be when you don’t need to work to meet your basic financial need for the rest of your life. Every work you then do after retirement should be in every way pleasurable.
Retirement is a stage that every wise person should plan for and if you haven’t done so much on it, then you should begin now. The Pension system in Nigeria attempts to give people a reliable retirement plan. However, when you compare the statutory retirement age of 60years for public workers ( according to the Pension Act) with the life expectancy rate in Nigeria which is 52/54 for male/female (World Health Organization- 2013), then it will be advisable to seek alternative pension plans that you have more control over. Life expectancy in Europe, Asia, USA and Latin America ranges between 76years and 85years with retirement age of 60- 65years.
Another reason you need to have an alternative retirement plan is because you are not sure of what the pension system in Nigeria will look like in 20years time.
Five Alternative Retirement Plans
1. Individual Savings and Money Market Investment: This has been the easiest form of investment over the years and it is still perhaps, the best alternative to pension plan because of its liquidity and flexibility. The wisdom is to habitually set a percentage of your income aside in an individual savings account with a bank or invest in a fixed deposit account. In selecting such investment option, preservation of value is a key success factor. The investment must at least have a yield that is up to inflation rate. Inflation rate in Nigeria was recorded at 7.9% in April 2014 (National Bureau of Statistics) therefore, it is advisable to seek a savings or fixed deposit plan with interest of at least 8%. I have a mentor who has been practising this over the years impressively- He is retired but he earns a monthly interest on his investment that can be compared with salary earned by executives in fairly big organizations. You may also consider building up your savings and fixed deposit account to such a value that can yield you your retirement salary monthly.

2. Stock Market: Investment in stock market means you are investing in a company you don’t know or have any control over but you rely on the market system to determine your return. It is liquid and has the capacity of yielding high returns. The stock market is also volatile, this is why analysts usually advocate for long term investment in stock market (7years)rather than short to medium (2- 5years). It is advisable that you consider stock after your savings/deposit investment and use your disposable cash to invest.

3. Property: You can invest in property either to sell in the future or to earn rental income. Investment in property is good but can be frustrating because of its illiquidity (at times) and the ability to determine the real market value of the property. This creates a level of uncertainty even in the established property market in Nigeria. Another challenge is that investment in property requires a sizeable capital which may take time to gather in the absence of an efficient mortgage system. It is advisable to consider property investment after your savings, deposit, and stock. If you happen to make some exceptional income now, you may consider investing in property as long as your current regular income can take care of your financial needs.

4. Co-Invest in a business: This may sound unusual but it is a very good alternative retirement plan. It is also called joint venture investment. You can invest through a bank or invest with friends while you continue with your daily job. It can yield additional income to you and become the outfit you will retire to. It is advisable that you contact a financial adviser on how to co-invest and own the company when you retire.

5. Start a trading business: If you have a flair for trading, you can consider starting a trading business with the aim to integrate manufacturing of your product in the future. This will give you a focus on the future.
It will not hurt you to keep an eye on these alternatives.
P.S.
Safegate mfbank is licensed by CBN to carry out microfinance banking business and is insured by the NDIC. You can take advantage of our services:
Savings with up to 10% interest p/a
Fixed Deposit investment with up to 16% interest p/a
Advise on investment in a small business
Personal Finance Solution
contact uu on 08021002552,08027118282,08023136635 or email on [email protected] or visit our website for more info on www.safegatemfb.com

09/06/2014

Every day do something that will inch you closer to a better tomorrow.

09/06/2014

http://safegatemfb.com/wp/blog/2014/06/09/sanusi-lamido-sanusi-succeeds-ado-bayero-as-emir-of-kano/

Sanusi Lamido Sanusi Succeeds Ado Bayero As Emir Of KanoJune 9, 2014adminLeave a commentThe former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has emerged as the new Emir of Kano after the throne became vacant on Friday following the monarch’s death.The Secretary to the Kano State…

09/06/2014

http://safegatemfb.com/wp/blog/2014/06/09/a-nigerian-former-information-minister-dora-akunyili-is-dead/

A NIGERIAN FORMER INFORMATION MINISTER, DORA AKUNYILI, IS DEAD.June 9, 2014adminLeave a commentA close family source confirmed Mrs. Akunyili’s death . Her close political ally and the former governor of Anambra state, Peter Obi, as well as her spokesperson, Isaac Umunna did not respond to telephone…