Established and Unmarried…planning your retirement.

Established and Unmarried…planning your retirement.

Once upon a time, being unmarried was considered a disadvantage, however many single people have gone ahead to lead respectable and established lives. While a person may stay unmarried for several reasons, be it by choice or due to unplanned circumstances, planning your retirement as a single person does not have to be a cumbersome process. There are some key things you should consider in your quest for a secured future as you approach retirement.

  • Who is your Next of Kin?

If you were previously married or never married, there is a possibility that either your spouse or one of your parents is named your Next of Kin(NOK). Either ways, there is a need to review your NOK to ensure that it alludes to someone who is agile and responsive enough to play that role, should the need arise. See the full duties of a NOK here.

  • Do you have an RSA Will Beneficiary?

You might also want to consider setting up an RSA Will which clearly states who should benefit from your pension fund should anything happen to you. Your NOK is not automatically entitled to access the funds in your pension, you need to set up a beneficiary for that purpose.

  • Have you saved enough for tomorrow?

In the case where you have mostly been dependent on your spouse financially, now is a good time to take charge of your finances in preparation for the future. To save faster, we recommend that you set up an Additional Voluntary Contribution to supplement your monthly pension contribution.

  • How responsive is your PFA?

To put all these in place, you need a reliable and accessible PFA. Your relationship manager at your PFA will guide you into choosing the right payment option for your emolument. If you do not have a PFA or would like to move your account to ARM Pension, talk to us today.

  • Other Investment opportunities

Perhaps your late spouse left you an inheritance, you could consider reinvesting the funds to yield more for you. Real estate, mutual funds and stocks are good investment opportunities to consider.

Should you require further information regarding any of the points raised above or general information about your Pension, send an email to info@armpension.com or call +234 (1) 2715000/ 0700 CALL ARM (0700 2255 276).

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Source: Blog

In the news: DMO Raises N244bn via Bond

In the news: DMO Raises N244bn via Bond

Punch

DMO: Foreign debt payment to gulp $11.62bn in 10 years

Nigeria may have to grapple with the payment of $11.62bn in foreign debt in the next 10 years, a projection of the Debt Management Office has shown.

Nigeria’s crude oil over-subscribed, says NNPC

The Nigerian National Petroleum Corporation has said the demand for the nation’s crude oil outstrips the current supply.

This Day

DMO Raises N244bn via Bond, almost Double Amount on Offer

The Debt Management Office (DMO) raised N243.7 billion at a bond auction on Wednesday, almost double the amount it had initially sought, as local funds and foreign investors piled into longer-term debt to lock in higher returns.

Nigerian Equities Market Rebounds, Index Rises 0.44%

The Nigerian equities market Wednesday recorded its first gain in the week following bargain hunting and appreciation posted by Dangote Cement Plc.

Guardian

NNPC to lift force majeure on Bonny Light in October

Nigerian National Petroleum Corporation, NNPC, plans to lift the force majeure on Nigeria’s Bonny Light crude next month.

Naira depreciates to 360/$ in NAFEX as CBN plans to sell N130.4b T-bills

The naira, yesterday, depreciated to N360 per dollar in the Nigerian Autonomous Foreign Exchange, NAFEX, just as the Central Bank of Nigeria, CBN plans to sell N130.4 billion treasury bills next month.

The Nation

Reps give CBN, Auditor-General six weeks to provide TSA’s report

The House of Representatives has given the Central Bank of Nigeria (CBN) and the Office of the Auditor-General of the Federation (OAGF) six weeks to provide detailed reconciliation and audit reports of the amounts generated so far in the Treasury Single Account (TSA) of the Federal Government.

Coca-Cola Nigeria okays $600m for expansion

Coca-Cola Nigeria  will invest $600 million by 2020 to boost sales, in line with a global strategy to extend the product range beyond its soft drinks.

Reuters

Lafarge Africa lays out terms of proposed rights issue

The board of directors have approved the terms of rights issue and will raise 131.65 billion naira by way of rights issue at N42.5 per share by issuing 5 new shares for every 9 shares held by investors.

Bloomberg

Nigeria Plans to Sell $5.5 Billion of Eurobonds by Year-End: Nigeria plans to sell as much as $5.5 billion of Eurobonds in the next three months to fund capital projects and replace local-currency debt, according to the Debt Management Office.

 

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Source: Blog

Next-of-kin Vs Beneficiary: Who gets what?

Next-of-kin Vs Beneficiary: Who gets what?

Ubong sat in the seat with her notepad and fiddled with her pen as she waited for Mr. Edewor to finish with his phone call and resume the interview.

Being a journalist had taught her patience and she was grateful for that. The minutes went by and Mr. Edewor’s call seemed unending. While Ubong wasn’t one to eavesdrop on the conversation of others, she couldn’t help her sudden interest and curiosity in the ongoing conversation.

“No, Esther. Don’t create a scene there. Basil didn’t make you his beneficiary so you have no claims to his estate”, continued Mr. Edewor. His response obviously triggered an outburst on the other end of the line, which he responded to.

“See Esther, I’m in the middle of an interview and your shouting and crying is not what I need right now. Your husband may have filled in your name as his next-of-kin in all documents, but pertaining his investments and will, the name there is his younger brother’s name. So yes, Fredrick is right to challenge your claims. I’ll hang up now to call you later. In the meantime, pull yourself together, I’m sure it can all be worked out.”

Mr. Edewor ended the call and with a shake of the head said his apologies ready to get back to the matter at hand. But Ubong wasn’t ready for the matter at hand.

In all her education and exposure, she couldn’t understand why she was just hearing that there was a difference between next-of-kin and beneficiary.

Are you like Ubong? Don’t fret. We will be breaking down all you need to know about next-of-kin and beneficiary in today’s episode of ARM Life Living Benefits show.

Tune in on Smooth 98.1FM by 6.40pm (Lagos) and you might also get to win a gift voucher!

 

 

 

 

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Abu’s Journey (2): NYSC PPA ordeal

Abu’s Journey (2): NYSC PPA ordeal

Did you miss Episode one? Read it here

A few hugs and tears later, Abu and Yinka were on separate buses to their respective Places of primary assignment.

Abu wasn’t so sure of the folks posted to the same village with him. They didn’t appear lively. He tried to make conversation but got monosyllabic responses. “Ha! My own don finish” he thought.

Relaxing to the weirdness of his colleagues, Abu dozed off. It must have been about 3 hours of sleep before Abu woke to discover they were still in transit. “Wharrahell!!!” he mused. Turning to Fayose seated right beside him, he nudged him asking “Guy, we never still reach?” Fayose responded “Omo, na so me sef see am o… whether na hell we dey go, I no know”.

Less than 5 minutes after their brief complaints, the rickety bus came to an abrupt halt. “We don reach fa” shouted the driver. “Oya, come dan”, he continued impatiently.

Abu and his colleagues alighted and met their first surprise. Kankara corpers camp was set almost away from the village in a wide expanse of land. Abu threw his hands up in exasperation and shouted “Save me Lord”… His voice echoed back at him.

He immediately brought out his mobile phone to call Yinka and lament his predicament. Then the second surprise hit him. There was no connection for his network. “What??? Just kill me now now” yelled Abu. More complaints from his colleagues filled the air.

Resigned to fate and finally settling in to the warm welcome of the Batch B corpers that were already there, Abu and his colleagues got succor with the news that they could access alternative mobile networks. Finally, he could call Yinka!

Service Year

Slowly but surely, the service year rolled by. Abu poured himself totally to teaching his students, even though sometimes he had to practically use sign language for the not-so-bright lads who understood only Hausa language. His students loved him, personality and all. The ladies cozied up to him. How wouldn’t they? Abu was the complete package. But Abu wasn’t here for all that. In the absence of fun, all he could look forward to was seeing Yinka again and finishing NYSC.

Headcounts were so exciting for him because he got to see Yinka. The excitement tripled when he realized Malunfashi was just 40 minutes away from Kankara. Meaning more frequency in their meeting.

Joe the ‘Stoneface’, his close friend serving in Lagos and nicknamed for having a permanent frown made his week by regularly sending the video link to ARM Pension’s Diary of a job hunter series acted by Fish. Abu would forget his sorrows as he laughed so hard with Yinka each time they watched the video together, then proceed to write down the lessons learnt. They were both bent on never being in Fish’s predicament when they finished youth service.

Sparks ignite…

What started as a friendship between two like minds soon became complicated.

Abu didn’t understand how he felt. A chronic ‘playboy’, he refused to admit that his sudden fondness for Yinka had become love. Yinka on the other hand, told herself she didn’t share the passion. She had a bae and wasn’t prepared to bail on him.

So as months flew by and the end of NYSC neared, Abu feared for his fate. He had waited for the end of youth service desperately and now that it was here, he felt an emptiness. He thought of his journey back to Lagos and Yinka’s move back to Abuja. Would he ever see her again? Did their relationship mean enough to her?

These thoughts ran ceaselessly in Abu’s head as he prepared for Passing Out Parade. Even though he tried to tell himself that the feeling will pass when he got back to the groove in Lagos, a part of him said otherwise.

…………………………………..

“Yeah babe, I miss you too and I love you” Yinka cooed to Tony her boyfriend of 3 years. This time though, there was a catch in her voice. Did she really mean what she just said? Yes, she liked Abu a lot, but why did it feel like she felt more?

 

P.O.P Finally…

Packed up and ready to wave goodbye to Katsina, Abu and Yinka made their way back to the orientation camp in Katsina town for the Passing Out Parade and collection of their NYSC discharge certificate.

The place was buzzing with activities and the march past was in progress. Soon, corp members began collecting their certificates.

A few hours later, with certificates tucked inside their bags, Yinka and Abu flagged a bus back to Kankara. Yinka would take another drop from there to Malunfashi, before leaving finally for Abuja. The ride back was made in silence. For a duo that always had a lot to discuss, it was a weird occurrence.

When they got down at Kankara, Abu looked Yinka in the eyes and for the first time in many years, tears filled his eyes.

 

 

(What happens next between Abu and Yinka? What did the future hold after NYSC? Find out in next week’s episode)

 

 

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Source: Blog

In the news: NSE Index Falls Further

In the news: NSE Index Falls Further

Punch

Exit from recession still fragile, says CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the 0.55 per cent Gross Domestic Product growth rate, which took the economy out of recession, was still fragile.

Banks, pension managers, others stake N105bn on sukuk bond

The Islamic sukuk bond recently issued by the Federal Government was oversubscribed by more than N5bn, the Debt Management Office said on Tuesday.

N336bn released for capital projects in first quarter – Adeosun

The Federal Government has said it has released a total sum of N336bn for the implementation of capital projects contained in the 2017 budget.

This Day

NSE Index Falls Further Despite 164% Rise in Trading Value

The Nigerian equities market recorded a mixed performance on Tuesday, as the Nigerian Stock Exchange (NSE) All-Share Index(ASI) fell further while value and volume of trading surged by 164.8 per cent.

10 Banks Facilitate N55.6tn Investments on FMDQ OTC Exchange

Access Bank Plc, Stanbic IBTC Bank Limited, Ecobank Nigeria Limited and United Bank for Africa (UBA) Plc, led the banks that facilitated highest trading value on the FMDQ OTC Securities Exchange between January and July 2017.

Guardian

Statoil plans $10b investment for Nnwa-Doro, Agbami offshore fields

Statoil has unveiled plans to increase its investment in Nigeria with more than $10 billion, having set a goal to satisfy the country’s growing population’s demand for increased energy with natural gas.

Government justifies N701bn power sector’s payment assurance guarantee

The Minister of Power, Works and Housing, Babatunde Fashola has said that the N701billion-payment assurance guarantee Power Sector Recovery Programme (PSRP), is consistent with Section 76(2)(b) of the Law, which seeks to ensure that producers of power recovered their investment and some profit.

SEC, Oando get 14-day ultimatum to resolve alleged N799b shareholders’ liabilities

The House of Representatives Committee on Capital Market and other Institutions has issued the Securities and Exchange Commission (SEC) and Oando Plc a two-week ultimatum to resolve all lingering issues bordering on the N799 billion stakeholders’ liabilities.

The Nation

Deductions take toll on 11 states’ FAAC allocation

The National Bureau of Statistics (NBS) has said 11 states lost a huge part of their August 2017 allocation to deductions.

NCC: telecoms sector investments hit $70b

The Nigerian Communications Commission (NCC) yesterday said total investments attracted by the telecoms sector to the country have reached $70billion.

Guinea Insurance plans N1b new capital raising

The board of Guinea Insurance Plc has approved a new capital raising of N1 billion as part of efforts to boost the operations and capital adequacy of the insurance company.

Reuters

Nigeria asks Senate to amend law for govt to settle 2.7 trillion naira debt: Nigeria’s government has asked parliament to amend its spending law to enable a debt program to settle 2.7 trillion naira ($8.6 bln) worth of obligations including pensions and salary arrears, according to a letter from Vice President Yemi Osinbajo.

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Source: Blog

Starting a business later in life

Starting a business later in life

Even if retirement is still a world away from you, the time will eventually come when you will wind down your career and retire.  As retirement approaches, the question of what to do with all the time and money that would soon be at your disposal cannot be ignored.

Is it too late to follow your dreams? Can you survive a life different from the very structured one you have lived over the last few decades? What about rest, family and the jolly good time that should come after years of dedicated service? How long can you comfortably live on your retirement benefits? Several thoughts run through your mind.

While many find that they might not be able to pursue the dreams they had as youths, lots of retirees discover businesses they can do to keep busy and maintain an income stream. Regardless of your age or interests, opportunities abound for you to tap into post retirement. You might however want to tread cautiously as you are no longer as young and agile as you once were. Since you cannot risk losing your capital, your retirement benefits should be invested in a venture that is guaranteed to bring consistent returns. Low risk should be the watch-word.

Before you make that all-important decision of what business to venture into, consider the points highlighted below;

What lifestyle changes are you willing to take on?

There are certain lifestyle habits you have built over the years that might be hard to drop. Such should be considered in the choice of a business venture. If for instance your job is one that entails a lot of travel, would you be comfortable leading a business that keeps you in one place? Are you looking forward to relaxed mornings post retirement or would you rather a business that allows you keep up the early morning schedule you have run for years? Do you want a business that occupies you every day or one that allows you leisure and travel time as often as you desire? All these and more should inform your decision.

What does it cost to run your household?

Do you still have dependents or are you an empty-nester with only yourself and your spouse to look after? Whatever business venture you settle for must be one that can conveniently cater to your needs and your household’s. While you may not be able to maintain the same lifestyle you enjoyed while in service, the plunge shouldn’t be too deep. You and your family should still be able to enjoy your life together.

Do you have adequate capital for starting a business?

It is often unsafe to just assume what it will cost to start a business. It is wise to research extensively and make projections based on adequate information. You might find that you do not have enough to properly float the idea that has been dancing in your head. Perhaps you could consider another business line or a less costly but efficient way to execute the idea on your mind.

What about a Franchise?

Have you considered buying a franchise instead of starting afresh? A franchise allows you tap into the goodwill enjoyed by an already established business. It also eliminates the trouble, time requirement and cost of registration, building corporate culture and identity, etc. It could also guarantee that you have a ready market for your business. Buying a franchise can greatly reduce the risk you are exposed to.

Large or small scale?

Do you plan to launch out big or you just want something to keep body and soul together? While a shop in front of your house or even a home office might suffice for something targeted at subsistence, a larger scale business would require logistics such as location, staff, online presence, among others. It is good to pre-determine all these in relation to your health status and available resources.

Bringing it all together, a detailed financial plan is required to set off on the right foot and starting a business. A financial plan will clearly define the resources available to you vis-à-vis the resources you need, thus enabling you to make apt projections and draw up an actionable plan.

Let’s help you get things started, contact us today for a plan that is tailor made for you and investment opportunities you can explore.

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Source: Blog

POLICY AND REFORMS: Getting down to brass tacks

POLICY AND REFORMS: Getting down to brass tacks

Power Sector: On Pins and Needles

In H1 2017, though power generation improved from end of December by 20% to 4150MW, reflecting increase in gas supply to gas-fired power plants (+39% to 547mmscf/d), the sector continues to grapple with myriad of challenges that has resulted in financial distress for sector players.

Infrastructure challenges stemming from gas supply constraints as well as inadequate electricity transmission and distributions mechanism has hampered loss reduction by Discos, and inherent cash shortfall and deficit that has bewildered the sector. Pertinently, out of circa 14,000MW installed generation capacity, just about 31% has been dispatched on average in the last two years.

To start with, the Multi-Year Tariff Order (MYTO), a tariff model to set cost-reflective tariffs has failed to keep to its path. Basically, the MYTO provides a 15-year tariff path with limited reviews each year in the light of changes in certain parameters (inflation, interest rates, exchange rates and generation capacity) and major review every 5 years. However, despite significant spikes in key parameters, inflation and exchange rate, tariff has remained sticky and has thus driven significant accumulation of cash deficit across the value chain. To emphasize the magnitude of the deficit, our analysis indicates current tariff of N28.8/kWh is about 43% discount to our estimated current cost reflective tariff of N50.5/kWh.

According to NERC, between the period of February 2015 and December 2015, the tariff shortfall1 and market shortfall are estimated at N460billion ($1.4billion) and N470billion ($1.5billion) respectively. The foregoing has led to under-performance by the DisCos and the rest of the sector. Aggregate Technical and Commercial Collection Losses (ATC&C) as reported by the DisCos have increased to 54% in 2016 (2015: 52%), a 22pps variance from the 32% in the MYTO estimates.

Consequently, DisCos collection rate and DisCos settlement to NBET declined 4pps and 24pps to 57% (2015: 61%) and 29% (2015: 53%) respectively in 2016. Furthermore, the sector has had to grapple with the debt profile of Ministries, Department, and Agencies (MDAs) in aggregate. NERC estimates aggregate debt owed to the electricity industry by the MDAs at N65billion ($206million) as at end of 2016 which contributes about 7% of the accumulated cash deficit.

More so, currency concerns relating to debt repayment and expansion in debt have stifled profitability of power firms—largely due to currency mismatch and associated risks—from NGN denominated revenues to service a dollar-denominated loan facility. Total power sector loans following the sale of assets in 2013 stood at N219.7 billon (DisCos) and N287 billion (GenCos). However, the ~ 80% devaluation of the NGN from 2013 till date majorly expanded the debt profile by about one-fold—implying significant FX losses on financials.

Given the Economic and Recovery Growth Plan (ERGP), which recognizes the role of power to the development of all sectors of the economy, the FG sees power as one of its top priorities and aims to expand power sector infrastructure, increase power generation, address gas supply issues, optimize the existing installed capacity available for generation, and improve the commercial viability of the GenCos and DisCos.

On this basis, the FG just recently designed a recovery program for the power sector, which in our view, cause for some optimism given a better understanding of the challenges, in contrast to prior plans, as well as a greater political will to save the sector.

 

View full Nigeria Strategy Report here

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Source: Blog

Not again, not this month!

Not again, not this month!

This month did not quite start on a high. Five long weeks of August left you wondering if September would ever come. Your salary had not even settled in your account when ‘Happy school fees week’ posts reminded you of the school teller sitting in your bedside drawer. If only you had saved consistently in your Money Market Fund, it would probably have been enough to settle the school fees.

On your way to work, you hear the OAP lament on the radio that the government can’t be right, recession is not over. Hmm, this recession matter, if the government is seeing a silver lining, maybe it is time to buy FGN Bonds or Treasury Bills. So, you log in to ARM STOCKTRADE and discover there a few gainers on the stock market, you make a mental note to buy bonds and maybe a few shares when salary comes.

Three weeks into the month, ASUU calls off the strike finally. You wonder if the education system will ever thrive again. If you have your way, your children will school abroad. They are only in primary school though, still a long way off. Yet, you wonder how much you would have in 5 years’ time if you just drop 15k into an account every month. Wait, isn’t that what the ARM Education Plan is about? Mostly. Except that you get an interest and it converts to insurance if things don’t go as planned? Sounds good actually.

That night, in bed, you realise what the real problem is. You want to save, you know you should invest but you hardly get around to doing it. It’s almost pay day and already you can see it happening again. All the tiny-tiny expenses rearing their heads, the little foxes that mess up your plans.

Not again, not this month.

So you set up a Direct Debit mandate on the ARM Wealth Planner. There! such a simple step and your monthly savings are guaranteed.

September now has a new meaning. It will be remembered as the month you took charge of your life.

 

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Source: Blog

The answer

The answer

The thought just wouldn’t go away. It lurked within Ugobiri no matter how much he tried to shake it off.

Perhaps it was the chain of events happening all over the world that brought this feeling. Ugobiri had even gotten scared of swiping his phone and clicking on his News update app. He feared he would be greeted by either bad news, or truth that hits right between the eyes.

Then the dreams began.

Almost every two nights, Ugobiri saw himself giving words of advice to his two children Amanda and Luke. Sometimes, it was him looking at them with sad eyes and regret. It all didn’t make sense. But he knew it was the universe passing a message to him.

At work, Ugobiri narrated his unease and dreams to Felix his boisterous colleague. Felix thought deeply and after lunch called Ugobiri. “Ugo baba, I’ve given a thought to this your matter o. The thing use style tire me. But I sort of agree with you. It is some form of warning. One you should take seriously.”

Ugobiri nodded and moved on to inspecting the machinery and ensuring they worked well. He was the Chief Machinery Supervisor at Bixcu Construction PortHarcourt.

Felix’s answer did not help him in any way. He wondered where else he could get answers as he worked. When he got home, he again called Nancy his wife and told her of his dreams. Nancy, being the very spiritual wife, assured Ugobiri that God must be sending a message to him. Fasting and praying may reveal the exact meaning

As the days went by and his dreams and thoughts remained on his children, Ugobiri started to think about life as a parent.

His daughter, Amanda wants to be a pilot. Her face lit up when she talked about flying aircrafts and being the hero that so many people entrusted their lives to. Luke on the other hand, wants to be the voice of the voiceless. Law was his future and his mannerism and actions showed he was born for it.

Ugobiri was a proud dad and was sure he’ll do whatever it took to help realise his children’s dreams. But one question bothered him. One question makes him anxious. What happens if he can’t help his children achieve their dreams?

The answer…

Ugobiri hated being uncertain or living in fear. The past few weeks had kept him a prisoner of fear and uncertainty and he needed escape.

That escape would come masqueraded in the event that took place at work that day.

Ugobiri and Felix had just come back from lunch to notice Joseph, the crane operator hard at work manning the crane. Noticing that the hoist which held the crane carrying heavy metals wasn’t properly secured, Ugobiri called out to him. Perhaps the deafening noise in the yard was too much for Joseph to hear him or the universe chose that day to reveal some truth to Ugobiri…. as it all happened in a flash.

Grrrrr….Gbam! The crane had come off its hoist and in a split second, Ugobiri saw the heavy mass of metals falling from the crane.

Moments later, Ugobiri opened his eyes to see himself on the ground with Felix on top of him. “Phew! That was a close one Ugo. Now you owe me one”, said Felix as he stood to dust his clothes.

Ugobiri stood quietly as his heart beat fast against his chest. He was deep in thoughts as he strolled quietly to a corner to sit. What if this incident had ended badly? What would become of his family? His children and their dreams?

Now it all made sense. His dreams and unease pointed only to one thing. Ugobiri realized that life was full of uncertainties and any unanticipated jolt could mean the end of his children’s dreams. Unless he took needed action.

 

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Source: Blog

7 annoying habits of Nigerian drivers

7 annoying habits of Nigerian drivers

Raise your hand if you’ve ever driven in a metropolitan city without encountering drama by fellow drivers.

With the resumption of school resulting in increased traffic and parents doing their best to marry school run with getting to work on time, the drama on our roads have taken on a whole new dimension.

If it is not the Keke Marwa guys doing stunts on the road as though they had nine lives, it’s the bus drivers making every effort to scratch your car with their maneuvers.

When you think you’ve had enough of them, you encounter those who look very normal but spew insults at you at the slightest provocation. Driving in a cosmopolitan city is a real adventure.

Here are some of the most annoying habits drivers exhibit:

Erratic driving

You are driving and suddenly one car from nowhere swerves in front of you without any indication. That ought to be annoying, right? Even more annoying is the fact that the driver will just ‘face front’ like they didn’t know what just happened. They drive in and out of lanes, brake forcefully and accelerate like they are on a chase. This attitude has caused and is still causing many accidents.

Bumping and scratching

This is when that driver comes close enough to bump your car from behind. You jump out to spit fire and brimstone and some of them just relax in their seats like ‘do your worst’… Another category of guilty parties here are those Tricycles and ‘Danfo’ bus drivers that will be fighting for space with you on the road, but the minute they bump into or scratch your car, they fall flat on the ground and begin begging.

The abuses

These ones come out on the road ready to throw abuses at every other driver. Wave at them and they assume you want to ‘plead’ for space in front of them and they hurl one abuse at you. The day is never complete for them until they’ve abused someone.

Snail-speeding

Hunk all you want; this driver will keep at a slow and steady speed. You must get worked up and overtake them to see that they are not the least bothered by your loud horn blares.

Incessant horn tooting

This can get annoying if you can’t see any reason for the non-stop honking. This kind of drivers blare their horns even when they are still very far away from the car in front of them. They seem to like the sound of their own horns to the annoyance of fellow drivers.

Tailgating

How do you feel when a car is close-marking you with no space in between you two? Unnerving, right? But most metropolitan drivers wouldn’t care less. They can’t bear the thought of another car coming in front of them in traffic so they practically shadow you.

Answering calls or texting

It is dangerous, they say. Don’t do it, Road Safety officials advice. Yet, this habit is seen often among younger drivers.

 

Did we miss any habit that annoys you as a driver? Share your experience in the comment section.

 

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Source: Blog