₦airaland Forum

samguru:
I don read reports tire ooo.

I didn't sleep until 3.40am reading audited reports

Those NSE people had night shift yesterday for posting results. Or was it delayed server loading ?

naturalflow:
But they are reporting a negative EPS.

Non controlling interests swallowed the whole profit, leaving a negative balance for shareholders. This caused also the shareholder funds to drop. Was this non controlling interest reflected in Q3 results ? Will next year be better or worse for shareholders ?

FBNH dropping 45kobo dividend only in result just released after 7 pm today

Kagame:
They might pay 80-90k. Definitely not a surprise, their former mates are now paying N3 dividend per year.

They released last year report by 6th of April. By nest week we they should at least release the report to the NSE if they are not sliding backwards. They really have a long catch up to make when compared with their mates now paying dividends twice a year and the top ones (GTB and Zenith) paying a total of N3 dividend. Fingers crossed.

ukay2:
Audio earnings sign

Really bad sign. Mid year will give more indications. Anyhow UBA has dented it's image. That good result does not translate to shareholder reward.

Justcul:
We await FBNH and Access

Fingers crossed for the elephant.

zimams:
Wetin be their reason sef? I didnt bother to seek info. The guys grew EPS by 27%. Its a shame that they slashed dividend..

Anyway it's a new cycle. Na 2021 FYE we dey look fwd to now.

That the future looks uncertain. So they want to keep some extra cash in case of any emergency.

ojeysky:
Still no match to zenith, looks like zenith has the best return so far

Zenith and GTB have been consistent in paying an increasing dividend without a single drop in the last 12 years (i.e. since 2009). Every other bank have gone up and down in the same period. The question on my mind now is can GTB and Zenith maintain this stellar performance.

BabsO2:
A good company should have a goal to grow dividends and keep it steady. Not drop it for flimsy reason like UBA did for 2020 FY dividend.

This makes Zenith and GTB look better managed. And will make them get a better price premium over time.

A good company should have a goal to grow dividends and keep it steady. Not drop it for flimsy reason like UBA did for 2020 FY dividend.

japhethGold:
Hello everyone, Congratulations to myself on securing a place at Smith School of Business, Queen's University to study Masters of Finance(MFIN). I got my admission decision from the schools admission committee yesterday.

My next priority now is to get study permit from CIC. I plan to submit online application next week and I am wondering if I would secure the permit before June 10th 2019 because my resumption is 21st June 2019. I pray that Almighty God who I Trust in will answer me by fire in JESUS NAME.

Please advise on the possibility of getting permit within this time frame and counsel me on the best approach to follow.

Many thanks for your support.

Having online bank reference saves application processing time we were told by CIC in their Jan 2019 EduCanada Fair at Federal Palace Lagos. Having a signed paper reference can add 6 weeks plus to your study permit application processing. The issue is not all banks have it. GTB has it and I think (not sure) UBA has it. But First Bank doesn't. So your sponsors bank having it helps. That is the little I know.

Asapant:
Good Morning everyone. I want to ask an important question. I recently ended my service year NYSC the week before last week. (13 days ago).

However, Our nysc certificate shows service yr stated April /19/ 2018 and ended April /18/ 2019. Meanwhile I plan to submit my application before April 19th. Among the list of documents I want to submit is my nysc certificate.

Hope I won't have any issue concerning the date on my nysc cert. Also what do I imput in current employment as I just finished my service 13 days ago and currently not employed ?

Kindly respond to me all. Thank you.

I think you are expected to have annual vacation. Since you will not be resuming back as a corper you are given your certificate in advance of the date the service ends officially and most likely paid in advance also for the remaining weeks. It is up to you to do what ever with your free period pending official end of NYSC.

Your current situation is unemployed if you have no job. Or more technically on "NYSC annual leave" just like a school break. Only you issue is after the period you are technically unemployed if you do not have a job by then.

bridget149:
India is more populated than u but theirs Is 4-6 weeks, saw someone that got trv in 17 days.....

Aha. Perhaps the CIC operates more freely in India unlike Nija or could there be a preference for Indians as they may be perceived to be more productive to their economy.

Stevenssen:
It's population. Nigeria has more population which leads to more applications. Ghana population is just 28 million

Also include number of people who can afford it as well as the pressure to study outside country. Nigeria has more of both.

BabsO2:
Attended EduCanada fair last January. In the Applying for study permit session, the boss there said when he picks a study permit application and he sees the bank statements are paper and not electronic he drops and pick the next one. I think this is contributing to delay for applicants who use paper bank statements and bringing the overall study permit application wait time to 20 weeks avg. The issue now is many banks don't offer electronic statements for Embassies.

For those who are not sponsored by parents or close relatives, he also said if this sponsor not related to you raises an electronic bank statement for your study permit application it strengthens the applicants case, despite he or she not being your mama or papa or blood relative. Especially if back up by affidavit.

He also said he refuses applicants who he sees is using and agent. That using an agent shows signs of weakness, that the application is not that complicated and makes him wander what kind of student of family is this.

He said many things in answer to questions.

He said it takes about six weeks to validate paper statements.

Attended EduCanada fair last January. In the Applying for study permit session, the boss there said when he picks a study permit application and he sees the bank statements are paper and not electronic he drops and pick the next one. I think this is contributing to delay for applicants who use paper bank statements and bringing the overall study permit application wait time to 20 weeks avg. The issue now is many banks don't offer electronic statements for Embassies.

For those who are not sponsored by parents or close relatives, he also said if this sponsor not related to you raises an electronic bank statement for your study permit application it strengthens the applicants case, despite he or she not being your mama or papa or blood relative. Especially if back up by affidavit.

He also said he refuses applicants who he sees is using and agent. That using an agent shows signs of weakness, that the application is not that complicated and makes him wander what kind of student of family is this.

He said many things in answer to questions.

liliesofdvalley:
Pls where can I buy turmeric powder

You can get tumeric in SPAR. Go to spices section

I hope I will be able to recover (or get credited) a PHCN bill I paid with quickteller. I paid 2 PHCN bills using quickteller. One was successful for about 3k but the one for N36k was debited and till today after two months has not reflected in new PHCN bills.

Also I paid Aero ticket on quickteller and was nearly stranded at the air-port.

It appears some payments go smoothly and some hang. And funny it is the higher value payments N30k plus that hangs.

Has anyone got experience on how to recover (or get credited) PHCN or other bills that get debited from bank accounts but not get reflected as paid ?

I was looking for MTN data plan with a view of buying this weekend after my STARCOMMS iZAP expired 250 hrs. Only to see the N13.5K 300 hrs bundle offer is no more available on their site. I also stumbled on this threat while looking for the MTN page. I used a friends MTN last week in Lagos and it looked satisfactory though I had a problem logging the device off. It always refused to log off. I thought perhaps its his modem and my PC that had a bug. So I pull the modem off or shut my pc to log off. It appeared satisfactory and close to starcomms in performance hence my interest in switching for N13.5 k for 300 hrs against starcomms N15k for 250 hrs. Now reading through this thread I will stick with my starcomms and not experiments with buying an MTN modem. I have MTN phone and notice it is expensive so I use it sparingly as I have a glo office mobile. I see a lot of good review for Etisalat. But my Experience with Etisalat has been poor. I have an etisalat modem. Etisalat never offered speed as fast as my starcomms iZap both in Lagos or Port Harcourt. Etisalat didn't even work in Ibadan while Starcomms iZap worked steadily. The only issue I have with Starcomms of late is network signal. It seems to be falling down like NEPA (PHCN) in the last 1 month in Port Harcourt. I will try my Etisalat again for 1 month and see perhaps if they have improved and stop the idea of buy MTN modem immediately (afterall the 13.5k for 300 hrs is no more showing on offer at their website.

[quote author=Babs_O link=topic=380486.msg9690711#msg9690711 date=1323005596]Can you help with APN for Starcomms. I need it for setting up a router.[/quote]If any one is looking for this leave APN blank when setting up router. All that is needed is the dial number and the mobile number of your iZAP when setting up the router.

Dial: #777
Name or logon: starcomms 11 digit iZAP number @starcomms.com
Password: starcomms 11 digit iZAP number

Starcomms iZAP is good. Etisalat not so good. MTN I haven't tried. I have been using iZAP for over a year and its been good. Tried Etisalat this year and it was poor. Just wasted my money. Very slow.

Did you get it I need the APN for Starcomms

Can you help with APN for Starcomms. I need it for setting up a router.

So how did it go. How much did you pay. Just good to update the thread for complete info.

GOOD PEOPLE GREAT NATION.

Jakumo:
[size=20pt]Fashola For President of Nigeria 2011. [/size]

Nigeria's not yet ripe for that. Other geo regions need to partake. What of Amaechi for 2015.

Now gone a full circle from gains to losses on the NSE. Diversifying to UK looks good. But US looks unclear with their growing budget deficit and large national debt.

WHICH ONE IS WORSE? MILITANTS OR CORRUPTION ?
IT IS CORRUPTION THAT GAVE BIRTH TO MILITANCY.

YARADUA SHOULD DECLARE WAR ON CORRUPTION IF HE IS SERIOUS.

DECLARING WAR ON MILITANTS ITSELF IS AN ACT OF CORRUPTION !
IF YARADUA DECLARES WAR ON MILITANTS IT BECOMES A CLARE CONFIRMATION THAT HE IS HIGHLY CORRUPT !

As richlyblack said too much saving like this will not help the US economy.

However you can divert the funds to Nigerian Stocks (if you haven't) so that we can have money to spend developing the economy here while you get high by sniffing your valuation from time to time.

Disclosure: I am relatively frugal also.

ono, it's just a matter of time. The first oil will flow. Agree it will help reduce the amount of hungry mouths ND oil is currently feeding as Nigierias GDP is still heavily oil dependent. But I see this GDP growth coming from the big banks soon as stock broking firms will soon start more venture capitalist funding. More things will soon start being manufatured in Nigeria. All our brothers abroad will see that they are missing out and just as they have rushed to send their funds back home (stock market) they will rush to return home as they will observe that there are now better paying job opportunities in Nigeria.

lucabrasi don't judge too fast. However NEITI (Nigerian Extractive Industry Transparency Initiative) is there with a view to improving trasnparency. Senat and House of Reps just need to sit up and support good initiatives like this.

Learn to drink garri with akara or ground nuts for break fast lunch and dinner and you would have saved the 50 k spent now. You are on a steep learning curve. Don't worry when Vodacom finally comes on board you will be throwing a party by xmas with chicken from Otta farms.

GOOD NEWS FROM PUNCH NEWSPAPERS
http://www.punchng.com/Articl.aspx?theartic=Art2008041715442325

How will this affect the economy and stock market. This can make it continue to growing at above 50% for the next 10 years.

Providence announces completion of offshore well
By Clara Nwachukwu with agency reports
Published: Thursday, 17 Apr 2008

Providence Resources Plc, the Irish oil and gas exploration and development company, has announced the completion of drilling operations on its AJE Field, in Oil Mining Lease 113, offshore Nigeria.

The AJE-4 well, which was drilled in 1,000-feet water depth using the drill-ship Transocean Pathfinder, was designed to evaluate the lateral extent of the oil and gas bearing reservoirs.

The drillship is said to have been chartered by the consortium for a one-well slot at a day rate of $515,000.

The reservoirs had been successfully tested in the AJE-1 & 2 wells were located some two kilometres from the AJE-4 location.

Drilling operations were carried out by Yinka Folawiyo Petroleum Company Limited, the operator, in conjunction with Chevron Nigeria Deepwater H Limited, as technical adviser.

As forecast, the AJE- 4 well encountered cretaceous aged hydrocarbon bearing sections, specifically a gas condensate and oil bearing turonian reservoir with oil bearing cenomanian intervals.

A comprehensive logging and coring programme has been completed with the down-hole pressure measurements and hydrocarbon sampling.

The AJE-4 well is currently being suspended.

Other partners in the AJE project are PR Oil and Gas Nigeria Limited, Vitol Exploration Nigeria Limited and Energy Equity Resources Aje Limited.

The Chief Executive, Providence Resources, Mr. Tony O’Reilly, said, “Following on from our recently announced success in the US Gulf of Mexico, we are delighted with the results from the AJE-4 appraisal drilling programme.

“The AJE-4 well results are in line with our pre-drill expectations and have confirmed our long held view in relation to the prospectivity of OML113.”

He said the company planned to meet with its to discuss the well results in the context of the commercial potential of the AJE field.

He added, “Should the AJE field progress to development, it will have a significant and material impact on Providence’s proven reserves going forward.”

Providence Resources had earlier expressed delight with the results from the AJE-4 appraisal drilling programme, which it said, was in line with its pre-drill expectations.

It hoped to have front-end engineering and design for the prospect in place by the second quarter of 2009.