Tag Archives: Business news and tips

3 Skills That Has Made Most People Billionaires

This post is practically tailored to all those who believe that getting an administrative job in a company is their life ambition to become rich.I will be listing out the several top skills that have created millionaires in the world today. This shouldn’t be rocket science because the process has always been the same.- Get a skill
– Perfect it
– Find a problem that your skill can solve
– Create a solution using the skill you have
– Market it very well
– Become rich.Is becoming rich difficult? Hell No. The only difficult part of this process is the first. “Getting a skill”After a point in time, I stopped replying those who asked me questions like“Please, how do I make money?”The reason is that they always fail to answer the corresponding question which is“What can you do?”I will list out the top skills that have created millionaires, so I advise you now to learn it and start making your money.Are we trying to copy them?NO! These skills might look saturated outside the shores of this country, but right here, it remains a goldmine.The average starting salary of a programmer in Nigeria is 200k monthly, which other skill can give you that?This post was written by Chinedu Okezie, a Senior Android Developer with an IT firm in Lagos. I recommend this IT Institute for those interested in learning any of the skills I am about to list.Let’s not digress further.What are the top skills that have created millionaires?

1. Programming: Case study ==> Mark Zuckerberg (Web Development, Mobile App Development)

He was born in 1984. At 10 years old, he sees his father’s computer and learns to use it. At 11 years, he hires a programming tutor to help teach him. He starts reading a programming book called C++ for dummies.With help from his friend D’Angelo, he starts perfecting his programming skills. He goes ahead to design a program that learns your music taste. Microsoft offers him $1 Million, and he turns it down.He helps a firm (Winklevosse) design a dating site, after which he designs Facebook.com within a week. He gets $10 Million offer for Facebook and turns it down. He drops out of Harvard and moves to silicon valley.He gets another offer of $1.5Billion from Viacom and turns it down again.He gets another $1Billion offer from Yahoo and turns it down again.Microsoft offers him $15 Billion for Facebook, Mark turns it down.The first programmer he hired worked for just a week and left to open his own million dollars business named “Youtube”Today, Mark Zuckerberg is among the 10 richest men in the world. Does it work for just whites?We have the owners of VougePay in Nigeria, PayDirect, and several other businesses in Nigeria. (Infographics and other relevant links are on the blog. You can visit using the link at the end of this post)

2. Digital Marketing: Case Study ==> John Chow

This is one skill that has created more millionaires in Nigeria after politics. Thousands of youth in Nigeria has made so much money from practising digital marketing. As long as you surf the internet, you are making people rich.Due to non-availability of details about our Nigerian Digital Marketing Millionaires, I will use John Chow as a simple example.- Born in 1965 in China
– Moved to Canada with his parents at age 7
– Started his online business in his teenage age
– Dived into Digital Marketing
– Created several online businesses like JohnChow.com, TheTechZone.com, TTZMedia.com, DigitalFinder.com
– The moment he made money with Digital Marketing, he diversified his assets into other profitable ventures like real estate, stocks, bonds, etc.Does it also work in Nigeria? Yes!!! People like Tobi Ashendi, Mr Alabi of Alabian Solutions, and several others.

3. Software Development: Case Study ==> Jeff Bezos

If you have ever heard of Amazon before, it was a simple software development skill that made its owner a multi Billionaire. Here is his short Biography- Born on January 12, 1964
– Had an early love for computers and studied computer science at Princeton University
– After he quit his job in 1994, he decided to explore the untapped internet world.
– He set up his company in a garage along with a few employees and started developing software.
– They expanded operations, and eventually developed a test site
– After series of tests, Bezos opened Amazon.com in 1995.
– The success of Amazon (An initial test site) developed by Bezos was considered meteoric.

The Central Bank of Nigeria (CBN) Reduces ATM Withdrawal Charges

Nigerians pain from some unexplainable bank charges after transactions will be over from January 2020, This is as the CBN has reduced the fees for ATM card maintenance and electronic transfers.


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The CBN’s new rule is that customers will now be paying N10 for each electronic transfer below N5,000 and N25 for those between N5,000 and N50,000. The Central Bank of Nigeria (CBN) has released its downward review of charges placed on Nigerians for the maintenance of Automated Teller Machines (ATM) cards and the fees for electronic financial transactions. According to the changes made by the CBN, bank customers will henceforth pay N10 for each electronic transfer below N5,000, and N25 for electronic transfer between N5,000 and N50,000. The new rule, which takes effect from Wednesday, January 1, states that electronic transfer above N50,000 will be at the cost of N50, Vanguard reports. The review of the fees is contained in the apex bank’s lastest guide to charges which also reduced the charges for withdrawals through other bank’s ATMs from N65 to “maximum of N35 after the third withdrawal within the same month.”

Added to this, CBN has removed the Card Maintenance Fee (CAMF) on all cards linked to current accounts, with a maximum of N1 per mille for customer induced debit transactions to third parties and transfers to the customers’ account in another bank on current accounts.

In his explanation, Isaac Okorafor, the CBN’s director of corporate communication, said that the current NIP charges apply to use of Unstructured Supplementary Service Data (USSD), purchase with cash-back will cost N100 per N20,000 withdrawal that eventaully amounts to N60,000 in one day. Okorafor also made it clear that for cards linked to savings account, a maintenance fee has been reduced from N600 per annum to N200. Even more, he said that charges for reactivation or closure of accounts like savings, current and domiciliary have been removed while status enquiry at the request of the customer (like confirmation letter, letter of non-indebtedness and reference letter) will now attract a fee of N500 for each request.


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One of the CBN’s new rules also states that there will be a penalty of N20, 000 for any bank that places arbitrary charges on customers and that the penalty will continue daily unto the said financial institution adheres to the regulation.

In relation to this, the CBN directed banks to enter complaints from customers into the Consumer Complaints Management System (CCMS) and generate a unique reference code for each complaint, adding that failure to do this will attrack a fine of N1,000,000.

Credit: Onyirioha Nnamdi|Legit.ng