{"id":49802,"date":"2021-06-17T18:50:33","date_gmt":"2021-06-17T17:50:33","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=49802"},"modified":"2021-06-17T18:50:33","modified_gmt":"2021-06-17T17:50:33","slug":"fbnh-tasks-investors-on-investment-advisers-to-enhance-returns%e2%80%8b","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fbnh-tasks-investors-on-investment-advisers-to-enhance-returns%e2%80%8b\/","title":{"rendered":"FBNH Tasks Investors On Investment Advisers To Enhance returns\u200b"},"content":{"rendered":"<div class=\"D_F ab_C A_6EqO P_Z1Ve0sQ\" data-test-id=\"message-card-header\">\n<div class=\"W_6D6F\" data-test-id=\"sender-container\">\n<div class=\"D_F ab_C C_Z1VRpVF A_6EGz i_6FIA X_73HH\"><\/div>\n<\/div>\n<\/div>\n<div class=\"U_6MGW\">\n<div data-test-id=\"message-view-body\">\n<div class=\"msg-body P_wpofO iy_A\" data-test-id=\"message-view-body-content\">\n<div class=\"jb_0 X_6Fd5 N_6Fd5\">\n<div data-test-id=\"message-body\">\n<div id=\"yiv9655009579\">\n<div>\n<div>\n<div>FBN Holdings (FBNH) Plc has advised investors in the nation\u2019s capital market to always seek financial advice for investment decision to maximise returns.<\/div>\n<div><\/div>\n<div>The Chief Finanicial Officer of FBNH, Oyewale Ariyibi, said this at the Capital Market Correspondents Association of Nigeria (CAMCAN) June knowledge sharing session on Thursday.<\/div>\n<div><\/div>\n<div>Ariyibi said financial advisers would guide investors on fundamental stocks to invest in to maximise returns on investment.<\/div>\n<div><\/div>\n<div>\u201cAs an investor, investing in financial market is not gamble or betting, you need financial adviser for investment decision.\u200b<\/div>\n<div><\/div>\n<div>&#8220;You should invest money you don\u2019t have need for immediate use, invest for medium and long-term, also invest in stocks that have good fundamentals for capital gains,\u201d Ariyibi said.<\/div>\n<div><\/div>\n<div>Speaking on the theme: &#8220;Understanding Financial Statement for Business Reporting,&#8221; he raised an awareness on the value derived from financial statement of a company.<\/div>\n<div><\/div>\n<div>Ariyibi said: \u201cA financial statement represents a formal record of the financial activities of an entity; it reflects the financial effects of business transactions and events on an entity.<\/div>\n<div><\/div>\n<div>&#8220;It is prepared by following certain logical and consistent accounting principles; and it is usually audited to ensure accuracy for tax, financing, or investing purposes.\u201d<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div>Explaining relevance of financial statement to user, he said \u201cFor Management, it is used for planning, controlling and decision-making process, to evaluate the organisational performance and position, so that the necessary measures are taken for improvement.<\/div>\n<div><\/div>\n<div>\u201cFor shareholders and investors, financial statement can be used to analyse the viability and profitability of their investments and to assess the ability of the business\/organisation to pay dividends and determine any future course of action.\u200b<\/div>\n<div><\/div>\n<div>&#8220;While employees and trade union can used it to evaluate the financial health of the business with a view to determining their job security, the possibility of future remuneration, retirement benefits and employment opportunities.\u201d<\/div>\n<div><\/div>\n<div>Ariyibi said it helps in ensuring that the business operate in accordance with laid down rules and regulations aimed at protecting the interests of the stakeholders.<\/div>\n<div><\/div>\n<div>He added that regulatory authorities\/agencies rely on company financial statement, while bankers and creditors assess the financial capacity\/capability of the company, its creditworthiness and going concern with the financial statement.<\/div>\n<div><\/div>\n<div>On the adoption of the IFRS, Ariyibi said it has brought some level of transparency.<\/div>\n<div><\/div>\n<div>\u201cIt has improved transparency and I feel is a good thing to financial world,\u201d he said.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share 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