Migration

Hello Ladies,

It’s been a while. I’d like to inform you all that this blog will be migrating to a new platform by Saturday. A warm hug goes to all the incredible ladies I have met over the years while running this blog.

Change is good and it’ll only get better. I’ve set up a new home for this blog and you can visit us by clicking here or here. We’re still available to attend to all orders tat come in through this blog but you can catch up with me on all news relating to hair matters and other stuffs as well.

Thanks a lot.

Jan

Hair Regimen Update

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I’ll be introducing you to ‘Red Handle-Less 1875W Ceramic Tourmaline’, recommended for Pik Hair Straightening & Drying. As part of ongoing effort to change my hair regimen, Stevie had recommended this particular dryer for my hair needs. I had earlier told her about my desire to cut down on the number of hours I spent on wash days and how I felt air drying was making my ends more image imagebrittle than I liked.

According to her, long drying times can cause undetected damage to hair. Air dried hair sustains more damage to the Cell Membrane Complex, the sandwich-layer of proteins, lipids and covalently bonded fatty acids that is the glue that binds cuticles together. Once the CMC is damaged, cuticles can become dislodged easily which leads to rough damaged hair which may eventually split or break. She stressed the importance of blow drying on cool or low heat and how it was vital I did not abuse the process.

Upon receipt of the Kiss Handless Dryer, I was struck by 2 things:

– it was lightweight

– it has 3 settings: cool, low & high

– the box contained 2 Pik sets

– it also had a concentrator as well

– it’s cool to touch allowing you to manoveur easily.

– you’ll get salon like results at home…so convenient.

Unlike other blow dryers, this brand didn’t have the protruding handle making it easy to swing across your hair easily. It’s quite easy to manoveur and I spent 5 minutes drying and straightening my hair. The tension method has never been this easy.

How do I use it?

I divide freshly deep conditioned hair into 8 sections making sure to apply Chi Silk Infusion. Then I switch over to cool or low heat depending on how straight I want my hair to be. One single pass and voila!my hair is all straightened out as if I just flat ironed it. It’s made it easier to implement eyelash trimming for my ends. You can use this for natural hair as well on days you want to conduct a length check and trim your ends.
You might want to check the videos below from YouTube as well.

 

 

Fab Find for Christmas

For sometime now, I’ve been in search of a makeup kit that I can store in one place rather than searching haphazardly for my eyeshadow, lip gloss or lipstick each morning while going to work. It used to be tedious searching YouTube for the perfect makeup tutorial that’ll make my face pop without unnecessary drama.
My wish list for Xmas this year was a collection of palette that would suit my  purpose. I searched high and low and wasn’t satisfied with the ones I’d seen till I stumbled across this brand. I got the Stila Artist Essentials Set as an early Xmas gift from my mom and it’s set the tone for 2015.

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What do I like about this set? Several things. It comes in a sleek, earthy box with a clasp in front which keeps the content together. It’s lightweight and  compact size, makes it easier to travel with. I don’t have to worry about makeup spilling on my clothes or having to store it in a Ziploc bag. The clasp was well thought out.
This box contains the following items :
– 4 different sets of palette ranging from pop art, renaissance, abstract and surreal.
– #9 all over blend brush for applying and smudging your eyeliner or eyeshadow.
– smudge stick waterproof eyeliner in stingray.
– a convertible color dual lip & cheek cream.
– stay all day liquid lipstick in patina

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I forgot to mention it’s got an instruction sheet on how to blend the different palette to achieve whatever look you may be going for.

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Each palette type is represented on the instruction sheet making it easy to interprete.

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My first impressions? I love, love this makeup brand and I’m sold. I started by checking out the instruction sheet to see which of the looks I wanted to interprete. I settled for ‘pop art’ and went to work with my brush. I was done within 5 minutes. That’s a first as I usually spend a lot of time wiping off and doing up a new set once I’m not satisfied with my look. With the manual it was easy at a go. I applied the eyeliner and used the blend brush to smudge the lined eyes for a smoky effect.
For my lips, I decided to go with the ‘all day liquid lipstick in patina’. I must warn that a little goes a long way. I ate, drank loads of water and this lipstick stayed put throughout the day. I was pleasantly surprised to see that my entire makeup stayed put throughout the day. The eyeshadow stayed true to form all day.

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I haven’t used the lip/cheek cream but based on the experience I’ve had so far, I do not expect anything less. This is definitely a keeper for me.
For ladies who made specific requests for this brand, your package will be delivered tomorrow and I hope you enjoy creating different looks like I’ve done.
I’ll be back tomorrow with another fab find.

Import Window- African Edition

package import

If you reside outside Nigeria and are desirous of placing an order for products you have regularly read rave reviews about online, then this is for you. Shipping from one African country to another (with the exception of Ghana) can be darn expensive. To mitigate this, the team at Today’s Naira have gone into partnership with a preferred courier company to service our clients within other African countries.

How does this work?

At the beginning of each month once the import window is open, wherever you might reside on the continent, kindly send us the list of products you’d like to order. We will revert with the prices and payment process (this excludes shipping). Once we receive your payments, orders are placed immediately. Please note that the import window will be open for a week only to collate all orders.

How will this process save me shipping cost?

If you have a friend or someone who is also interested in placing an order for our range of products, collate your orders and send to us at sales@hairsage.com or todaysnaira@hotmail.com. Once the import window is closed, we will group all orders received from each country as a single bundle. Once this is done, we will send out an email to everyone within the list from each country and we will require you to nominate someone who can receive the products on your behalf. Now ladies, you can either decide to meet as a group at the shipment company (Think of a funky group name and send to us. We will be rewarding the group that has the most innovative and interesting name) to receive the package and unbundle within their premises or meet at a designated person’s house for tea to share your hair journey stories while you unbundle your shipment cargo (also share pictures of such meeting with us). What this means is that the cost of shipping this cargo bundle will be shared amongst each group from each country making it more affordable for you all.

What are the shipping rates looking like?

Shipping rates to African Countries
Weight (kg) Rates ($)
0kg – 0.5kg 72
0.5kg – 1kg 115
1kg – 1.5kg 115
1.5kg – 2kg 152
2.5kg – 5kg 256
5.5kg – 10kg 405

When can I place my order?

No better time to start than now. For the month of February, we will receive your  orders from the 8th of February till 14th of February 2014 and after this, we will not be able to handle more request to enable us place your orders and commence shipments right away.The first batch of shipments will arrive designated locations by 2nd week in March.

Investing in FGN Bonds

What are bonds? Bonds are simply a term for loans that you give to the Federal Government, State Government, Companies etc.

Is it a document or what? It’s simply a piece of paper issued by the Borrower (e.g the Government) stating the amount borrowed from you, the tenor (no of years with which to repay), interest rate, and repayment period

Why me? Can’t they go to a bank to borrow money? You because you may have some money that you wish to save. You may say you have just N10k to save a month from your salary and wonder how that helps the government. Imagine that there are 1million people with N10k to save, that transcends to N10b already. Also have in mind that the money the banks actually lend are money deposited by you and I. So you and I are the major source of money for government, banks, corporations etc. That is why they tax us, pursue us to open accounts, and pressure us to buy their goods.

What’s in it for me? Bond issuers (borrowers like the government) typically attach a coupon to the Bonds. Coupon are basically interest rates attached to the Bonds issues. For example, the Government can issue a bond for say N10b, 10year bonds at a coupon of 6%pa. What they mean is that they want to borrow N10b from the public and are willing to pay 6% interest rate for it per annum for a period of 10years. Usually they pay you the principal amount at maturity meaning at the end of 10years and sometimes they can have the option to “call back” which basically means the can pay you the principal before the 10 year period. Bonds with “Call Back” are always clearly stated in the prospectus.So, in a nutshell if you borrow them N10k, you form part of many others who must have lent them as well. They pay you N600 per annum and pay you the N10k a the end of 10 years.

What? Just N600? Yes just N600. Well, you may think of it as low but the if you put that same amount in a Savings Account of bank you’d probably get N200 and stand the risk of loosing it if the bank collapses. Besides if it is N1m you invest then that’s N60k every year, N10m is N600k and N100m is N6m per annum.

Are you saying Government Can’t collapse? Well technically they can but it’s very unlikely. Even if they do, it’s if there is a war but then they must repay after the war is over. Government bonds are mostly secure and are guaranteed by the full faith and credit of the Government.

So I have to wait for 10years to get my money back? Off course not. The beauty of bonds is that you can exchange them just like shares. You can decide to sell your bond on the bond market if you want your money back.

Oh, so I put in N10k and get my N10k back plus interest? Yes if you decide to hold to maturity and wait for 10years. But if you wish to sell before then you can except that it could be worth more or less. Just like shares the value of bonds go up and down depending on economic factors. So, the bond you bought for N10k may be worth N11k or N9k when you are selling it. Just like shares, today it’s up tomorrow it may be low. But at maturity (the repayment day) the government or borrower must pay you the face value. The face value is the N10k you paid them. Movement in the market does not affect what the borrower pays you.

So are bonds really like shares then? Not exactly, whilst both are investment securities they are different in their nature. When you buy shares, you buy right to earn a dividend of a company. Meaning that you only get dividends when the company decided to pay you. For a Bond, the borrower or issuer (that’s is the Government or company) MUST pay you interest (coupon) a the stated date. In other words, owners of shares are equity holders, whilst owners of bonds are debt holders.

I have often heard of yields, what is that too? Well yields are basically interest on traded bonds. In my previous illustration I explained that the government pays you a coupon of 6%pa on your N10k bond. Since we understand that bonds are tradable, supposing the value was 9k at the time you sell the bond. It then means whomever buys it will earn N600 on the N9k he paid out. Thus his actual interest otherwise called yield is 600/9000 = 6.66%. So he gains an extra .66% and still gets to get another N1000 if he decides to wait till the maturity of the bond. They often say the yield of a bond moves in opposite direction to the value. Just as above, as the value dropped to N9k the yield increased to 6.66%.

That’s cheating me isn’t it? Nah not true. Remember, there is an opportunity cost you may incur if you do not sell. Imagine you had a business that will probably get you twice that amount if you sell. So instead of holding on just so it gets to 10k or higher, you sell and use the money for something more tangible. Also remember that you would have collected some interest as well. And then you can simply just hold on till maturity, it all depends on your opportunity cost.

Ok now I get it! How do I then invest? Bonds can be purchased either through the primary or secondary market.

The primary market is were you buy bonds that have just been offered by the seller like the Government (just like buying a public offer). The secondary market is where you buy tradable bonds that is, bonds from the bonds market (just like buying shares in the stock market). Bonds traded in the secondary market are usually done on the floor of the Nigerian Stock Exchange or Over the Counter (OTC) through the PDMM

Bonds sold in the primary or secondary market are bought through a PDMM(Primary Dealer Market Maker). PDMM are operators licensed to buy and sell bonds. Most of them are banks like Zenith, GTB, UBA, Diamond Bank to name a few. They also have discount houses like Kakawa Discount House, FSDH who sell as well. You get the application form from them, fill it, include your cheque in full for the amount you wish to invest. You can invest as much as you can, from N10k to N1b depending on your capabilities financially. But the minimum is N10k and multiple of N1k thereafter.

The bonds purchased are confirmed through issuance of depository or issuance of certificates. The depository is the CSCS (Central Security Clearing System) an online storage for securities such as shares and bonds.

How do I get my interest? Interest on Government Bonds are paid Semi annually.For example in June and December or in January and July. Payment is through issuance of cheques or warrants, similar to the dividend warrants you get for shares.

Also note that interest rates can be fixed or floating. Fixed means when they say they will pay you 6%pa then it is 6%pa you get till the end if the maturity. Floating means they may pay you an amount that is linked to a are that moves with the market. For example they might say Nibor 8% plus 2%. Meaning the rate is benchmarked o. The Nigerian Interbank Official Rate (Nibor) of 8% plus 2%. The Nibor is a rate that banks use to lend money to each other and it always changes in response to market conditions and is thus the floating rate.

Source: Nairaland

Bookati Book Review

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Ever wished your boss would drop dead?

 

Of course not. Well, not really. And neither had Rachel Benjamin—until she finds herself working for Wall Street terror Glenn Gallagher on his latest pet project. Rachel thinks the deal—and Glenn—are more than a little shady, but she has a promotion at stake. It’s either keep her lips sealed or kiss her partnership goodbye. Or kill Glenn. (Just kidding!)

 

At least she has Peter. Rachel’s too-good-to-be-true fiancé has moved in, and while his stuff is everywhere and he’s strangely jealous of her friendly new coworker, she’s confident they’ll figure things out. It would help if Glenn’s killer schedule didn’t have Rachel working around the clock. Really, the man must be stopped.

 

Rachel’s jokes about killing her boss don’t seem so funny when Glenn is murdered. And it’s even less laughable when she becomes the prime suspect. With the police hot on her very stylish heels, and the threat of an unflattering orange jumpsuit in her future, Rachel’s learning the hard way to be careful what you wish for. She needs to catch the true killer quickly, before the killer catches her.The Key

 

I was having my favorite type of dream, a flying dream, when the phone rang.

 

I opened one eye, testing to see if this was part of the dream. But in my dream the skies were blue and lit by golden sunlight. In my bedroom, it was dark, and freezing, since my new roommate liked to sleep with the windows wide open, even in March and even in Manhattan. And the phone was still ringing.

 

Peter mumbled something unintelligible and pulled the duvet over his head. I thought about doing the same, but surely nobody would call in the middle of the night unless it was important. I reached out for the phone.

 

“lo?”

 

“Rachel. Glenn Gallagher here.”

 

This had to be a joke.”What time is it?”

 

“Almost six. Listen, I need you in the office. We don’t have much time to get ready.”

 

“Ready for what?”

 

“I’ll tell you when you get in. See you in an hour.”

 

“But it’s Satur—” I began to say before I realized I was talking to a dial tone.

 

I was still half-asleep, so my reaction was somewhat delayed. It was nearly five seconds before I’d collected myself sufficiently to say the only appropriate thing that could be said in such a situation.

 

“You asshole!”

 

Peter gasped and shot into a sitting position. I’d spoken more loudly than I’d intended. “And a good morning to you, too.” Even in the dark, I could make out the silhouette of his sandy hair.

 

“You look like Alfalfa.”

 

“Excuse me?”

 

“From The Little Rascals. You know, the one with the piece of hair that stuck straight up. He sang.”

 

“I’m in the Mood for Love.”

 

“Uh-huh. He had a crush on Darla.”

 

“And that makes me an asshole? Get this hilarious novel for N1,000 at Bookati