LIFESTYLE

3 Things You Should Invest In If You Don’t Earn Much

Published

2 years ago

December 8, 2021

FAB.NG

When you don’t earn much, you might have the mentality that you really can’t save money and investment is just impossible because the money is not enough.

You need to start from where you are and grow your money. You can make some good investments even with your small salary. Here they are:

Treasury bills

This is one of the safest investments one can be involved in. Treasury bills are federal government issued securities. They are backed by the federal government, so it is considered to be quite a safe investment. You don’t have to stress yourself on how to buy treasury bills because your bank can buy them for you. At least, most banks do.

Mutual funds

Take out some of your previously saved money to open a mutual funds account with Investment One, Stanbic IBTC asset management or with any investment bank of your choice. Your money will attract more of a size-able interest than when it’s sitting pretty in your bank account. Another plus is that the money is not as easily accessible as when it’s in your bank – you lose a good chunk of your interest when you try to withdraw before the maturity date.

Insurance savings

Insurance companies like AXA Mansard, Leadway, etc usually have a platform where your insurance plans can double as a sort of savings platform for you. This is a triple win for you, because you’re insured, your money is not easily accessible and you also get an interest rate better than whatever your bank is offering. The interest rates tend to vary based on CBN policy and you lose out on your interest if try to withdraw before the maturity date.

Related Topics:3 Things You Should Invest In If You Don't Earn Much Invest

Up Next

4 Important Tips To Start A Small Online Business

Don't Miss

5 Things That Should Be Included In Your Child’s Lunch Box

NEWS

Nigeria Ranks 5th In Global Cybercrime Index

Published

32 mins ago

April 20, 2024

Adaeze Okechi

Cybercrime Hotspots: Nigeria Ranks 5th | Fab.ng

Researchers from two universities—Oxford and UNSW Canberra—decided to find out where cybercrime hotspots are. To do this, they asked about 100 cybercrime experts around the world for their opinions.

The experts were asked to consider five main types of cybercrime:

Creating tools used for cybercrime, like malware.
Launching cyberattacks and demanding money to stop them.
Stealing data or identities through hacking or phishing scams.
Tricking people out of money online through scams like fake emails or online auctions.
Making money from stolen information, like laundering money or using stolen credit cards.

Based on the experts’ input, the researchers will create a list of countries considered to be the biggest sources of cybercrime.

Top 5 countries listed as global cybercrime hotspots

The study ranked countries based on how much cybercrime comes from them. This ranking is called the World Cybercrime Index, or WCI for short.

The study found that Russia is seen as the number one source of cybercrime in the world, followed by Ukraine, China, the United States, and Nigeria.

1. Russia

The study ranked Russia as the number one source of cybercrime in the world. Russia had the highest score (58.39) on the World Cybercrime Index (WCI), and researchers traced 81.34 cyberattacks back to Russia. The survey also showed that Russian cybercriminals are highly skilled (scoring 8.73 out of 10 on technical skills) and very professional, causing significant harm with their crimes.

2. Ukraine

Following Russia, the study ranked Ukraine as the second-largest source of cybercrime. Ukraine’s overall cybercrime score on the World Cybercrime Index (WCI) was 36.44. Researchers also linked 50.76 cyberattacks to Ukraine. Just like Russia, Ukrainian cybercriminals were rated as very skilled with a technical skill score of 8.24 on a scale of 1 to 10.

3. China

China was ranked third in the study as a source of cybercrime. Their overall score on the World Cybercrime Index (WCI) was 27.86. Researchers linked 24.24 cyberattacks to China. Chinese hackers were rated as skilled with a technical skill score of 7.81 on a scale of 1 to 10.

4. United States

The United States came in fourth place on the list of cybercrime hotspots. The World Cybercrime Index (WCI) score for the US was 25.01. Researchers connected 17.68 cyberattacks to the US. American hackers were rated as skilled with a technical skill score of 7.21 on a scale of 1 to 10.

5. Nigeria

While the study found Russia to be the overall leader in cybercrime, Nigeria was singled out for a different reason – scams. Here’s a breakdown:

Overall cybercrime: Nigeria ranked fifth on the World Cybercrime Index (WCI) with a score of 21.28. Researchers linked 8.41 cyberattacks to Nigeria, and Nigerian hackers were rated as somewhat skilled with a technical ability score of 5.80 on a scale of 1 to 10.
Scams: Interestingly, Nigeria topped the list for scam-related cybercrime. The country received a much higher WCI score of 52.17 for scams, with a whopping 70 nominations for this type of cybercrime. The closest competitor, the US, only had 27 nominations and a WCI score of 22.72 for scams. This shows that while Nigerian cybercriminals may be less technically skilled overall, they are much more active in scams compared to other countries on the list.

For more articles, check here.

ENTERTAINMENT

Brymo Queries Tiwa Savage Over “Men Are Crazy” Song With Simi

Published

22 hours ago

April 19, 2024

Reporter

Brymo Queries Tiwa Savage Over "Men Are Crazy" Song | Fab.ng

Singer Brymo sparked a debate online after leaving a comment on the latest Instagram post by Tiwa Savage. Tiwa had shared a glamorous photo with the flirty caption, “You’re in my head, Papi.” However, Brymo shifted the focus by commenting on her recent collaboration with Simi, “Men Are Crazy.”

Brymo took issue with the song’s title and lyrics, specifically the line “Men Are Crazy.” He argued that male musicians rarely write songs generalising women in such a way. Brymo’s comment questioned Tiwa’s motivations behind the song’s theme and lyrics. This sparked discussion and debate among fans about the portrayal of gender in music.

He commented, “Hey @tiwasavage. I’d like to know the thoughts behind the … “men are c***y” line…. because it’s the one crazy” thing boys say most in private spaces about your gender, and none of us ever made a song exclusively about how deranged y’all are… Yet you did with Simi, and you are the first of both that I am seeing post from since then… So I ask; did you play reverse psychology on us and make the song a projection? and gaslighting the shit out of me by that??? …. or have real reasons to say so?? and if it be the latter, expand it for me, please!!”

Brymo Queries Tiwa Savage Over "Men Are Crazy" Song | Fab.ng

Tiwa Savage and Simi haven’t responded to the comment Brymo left so far.

This all comes just after they released their new song together, “Men Are Crazy,” on April 5, 2024. It’s the first time these two popular singers have collaborated on a song.

ENTERTAINMENT

Guinness World Record: Tunde Onakoya Is Yet To Be Defeated After 44 Hours Of Chess Marathon

Published

23 hours ago

April 19, 2024

Reporter

Tunde Onakoya To Break 58 Hours Of Chess Marathon | fab.ng

Nigerian chess champion Tunde Onakoya is trying to break the world record for the longest chess marathon! The record he is set to break is 58 hours.

Tunde Onakoya has already been playing in the chess marathon for approximately 44 hours straight. This is at the time of this writing. Starting on April 17th and going until April 19th, the event is happening in the famous Times Square in New York City.

View this post on Instagram

A post shared by Tunde Onakoya (@tunde_onakoya)

So far, Onakoya has beaten everyone he’s played, including a really good chess player from New York named Shawn Martinez.

Tunde Onakoya beats a very worthy opponent and one of New York’s finest, National Chess Master Shawn Martinez!

6 hours down, 52 hours to go!#TundeChessMarathon pic.twitter.com/oXBjfakdBm

— Tunde Onakoya (@Tunde_OD) April 17, 2024

Onakoya’s manager, Taiwo, says the official rules allow for 5-minute breaks every hour. But Onakoya only took a total of 30 minutes of rest after playing 12 people in a row for 15 hours! That’s intense! He said he’s playing two sets of games at the same time, and he can’t lose any of them to win the record.

He wrote,

“The opponent on the first set is Shawn Martinez, a US National Chess Master, and he will play with Tunde throughout the attempt.

“Opponents in the second set are random players. He can’t lose any game on either set.

“Only Tunde’s match against Shawn Martinez is considered valid for the record. He is not competing in his simultaneous play against random opponents in the second set. NYC, come out and play regardless.”

For more news updates, check here.