₦airaland Forum

This is the last email I received on 2nd September, 2022. Since then I have not seen or heard anything else.


Dear Applicant,

We are pleased to inform you that we will proceed with the matching stage of the NJFP in the coming week.

In this stage, only successful candidates will be matched with verified organizations that will play host to them for the 12 months placement phase.

Kindly note that this selection and matching process will be done in batches over the next few weeks. As a result, we urge you to continue to wait patiently and try not to panic if another applicant receives their matching details before you do.

Please be on the lookout for more information.

—

Thank you and best regards,

Nigeria Jubilee Fellows Programme Team

Please, what is happening? I have not received any email.

*Universal Insurance Posts N4.1bn Premium Income, Deepens Retail Market*

Universal Insurance Plc recorded N4.1 billion premium income in the first half of 2022 ended 30th June 2022.

The figure, according to the company, is far above what was achieved in the whole of 2021.

The company’s premium income at the end of 2021 stood at N3.4 billion; while a total sum of N459 million was paid as claims.

The company’s report for second half of 2022 showed a profit after tax of N796 million and a total claims paid of N348 million.

The Managing Director/Chief Executive Officer, Universal Insurance Plc, Dr. Benedict Ujoatuonu, while speaking at the formal inauguration of the newly elected executives of the National Association of Insurance and Pension Correspondents (NAIPCO) which took place in Lagos at the weekend, stressed that the company has a mandate to deepen insurance penetration through the retail market.
Ujaotuonu, who was ably represented at the occasion by the company’s secretary and head of Corporate Communications department, Chinedu Onyilimba, said the performance was made possible as a result of aggressive moves to drive its business development especially by providing special tailor-made products in their retail operations.
“Our aggressive deployment of technology, especially in driving our retail operations as well as our business expansion which led to opening of new branches, enlargement of our marketing units which also led to the engagement of new staff made this possible,” the MD/CEO stated.
He said the company is poised to drive, achieve and surpass its N6.5 billion target set for 2022 despite harsh economic environment.
Ujaotuonu said, the company, as part of its strategy, will continue in its business expansion to meet its target of making its products and services available to its prospective customers across the nation, noting that the firm is expanding its investment and leveraging technology to drive its retail operations.
“We are also expanding our investment in and deploying technology especially in our retain operations, this will help us make our numerous tailor-made products accessible to the populace,” he said.
He pledged his company’s commitment to continue to collaborate with NAIPCO to advance the course of insurance and pension industry in the country.
The inauguration of NAIPCO new executives was jointly sponsored by Universal Insurance Plc, Anchor Insurance Limited, and Sovereign Trust Insurance Plc.

Onyi22:
She's a beautiful soul

I am deeply in love with her. May God bless her husband and her children.

yMcy56:
ZENITH....

As for VERITAS' name arrangement, VERITAS was very correct.
It has always been Surname first......
Followed by last name, then followed by middle name.

As it is, you have to write CSCS for name correction and carry your broker along in the process.

Okay thanks.

Ginalex:
I'll suggest taking it to the bank and have them upload it. I submitted mine online only for the registrars to tell me the bank had not "uploaded" same on their portal (veritas precisely) I had to go to the bank to submit my hardcopy "e-mandate" form...

Veritas is rubbish. Their staffs are blind

Imagine ooo

On my CSCS Statement of Account, my name is written as:

ATTAHIRU BOLANLE CHIBUIKE

The confused Veritas people say that mean my surname is ATTAHIRU. I told them my Surname is CHIBUIKE.

They said I need to go and do plenty plenty processes to do correction of name at CSCS. I told them they are sick. If the arrangement of the names is their confusion, they need to go back to Primary school. They can only conclude that my surname is written as ATTAHIRU, if the names had been written like this:

ATTAHIRU, BOLANLE CHIBUIKE

But there is no comma after the ATTAHIRU

In fact as I always say, for one reason or the other, Registrars do not want to pay dividends to investors. Registrars are the major causes of Unclaimed Dividends!

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

Considering the way Nigerian banks operate these days...you might cue up for 5hrs before submitting your form.

You might even drop the form with the bank, and the Job won't be done, just to call you back again to submit it.

I prefer sending e-mandate form to the registrar. it's faster, and you can be sure that you did it.

emmasoft:
For those waiting for UPDCREIT Dividend read this:

Good afternoon sir,

Kindly note that the company has shifted the 14/9/2022 payment.

The new date shall be communicated to you as soon as we are notified .

Best Regards.

A reply I got today to the email I sent to First registrars asking them why the delay in dividend payment.

How much is their dividend?

RabbiDoracle:
Still in NSE.

What can make USD crash?
Fed reduces the pace of tightening from what the market expects to a lower pace, the market sees this as dovish and USD ascent starts to soften.

Or when Fed pauses (or suggests to pause) the pace of rate hike altogether and/or starts QE ( or suggests to start QE) to support the economy.

This will lead to widespread buying of everything in all market. This will cause more inflation and more global asset bubbles.

There is a last leg of global rise of everything waiting to happen.

First Bank of Nigeria says it will suspend international transactions on its naira Mastercard from September 30.

In March, financial institutions reduced the international spending limit on naira cards from $100 to $20 monthly.

In a recent statement to its customers, the bank said such transactions would not be available on its naira credit card, virtual card and visa prepaid naira card.

“Due to current market realities on foreign exchange, you will no longer be able to use the Naira Mastercard, Naira Credit Card, our Virtual card and Visa Prepaid Naira card for international transactions. This will take effect on 30 September 2022,” First Bank said.

"Please use your Visa Debit Multicurrency Card, Visa Prepaid (USD) Card and Visa Gold Credit Card to continue transacting abroad with limits of up to $10,000.”

In July, Standard Chartered Bank suspended international transactions on its naira visa debit card.

Flutterwave, Eversend and other fintech platforms had also stopped virtual card services for international transactions.

The development comes on the back of foreign exchange scarcity — affecting key sectors — which the country is currently battling.

On Tuesday, the naira dropped to N436 a dollar at the Investors and Exporters window and N712 at the parallel market.

The Central Bank of Nigeria (CBN) had hinted that it would stop the sale of foreign exchange to banks by the end of the year.

Godwin Emefiele, CBN governor, said banks should generate FX proceeds from exporters to give their customers (importers).

“The era is coming to an end when, because your customers need $100 million in foreign exchange or $200 million, you now want to pack all the dollars and pass it to CBN to give you dollars,” he had said.

“It is coming to an end before or by the end of this year. We will tell them don’t come to the Central Bank for foreign exchange again go and generate their export proceeds.”

Ginalex:
GTCO is trading at 17.55

Today is the Ex-Div day

So massive sell offs.

https://www.youtube.com/watch?v=VKkqDSAN0EI&ab_channel=E-vibezTV

Wapgod:
State full details of your problem.

I have no problem with them whatsoever. I choose my problems carefully, and having anything to do with Pace Registrar is definitely not a problem I will choose, either now or in the foreseeable future.

Pace Registrars has won the award of overall Worst Registrar in Nigeria.

This is the Registrar in charge of Japaul, Sterling Bank, Academy Press, and some other unpopular companies.

Even reputable companies in Nigeria have come to avoid Pace Registrar like a plague.

Tareq1105:
Okay, Tinubu is your headache?

who is your own headache?

I do not know him, but so long as he is in APC, and he is a supporter of Tinubu, then this is a welcome development. Next news please.

Which universities in Canada can one apply for without having to pay any application fee? Not colleges.

WycliffeSMB:
Pls Where can I get the Koboko?...

I want to buy

You too wan flog people?

Apart from University of Regina, which other universities will allow one to apply for, and get visas without having to pay for part tuition fees?

Please, list some universities in Canada that accept NECO. Not Colleges.

Please, list some universities in Canada that their application fees are 100$ or less. Not colleges.

OBAGADAFFI:
Sorry, my previous post you quoted was for Academy.

Shareholders have been selling down UPL since they declaured that Dividend .

What is the forecast on UPL? It has already lost 40% YTD. Will the dead bones of UPL ever rise again?

Worst stockbroker with online portal is Meristem

OBAGADAFFI:
Yes, I have been following the price .

The price is bound the drop after QD, since most Bonus and Dividend Hunter are selling.

Also, note the market is currently depressed.

https://doclib.ngxgroup.com/Financial_NewsDocs/36290_UNIVERSITY_PRESS_PLC%20CORPORATE_ACTIONS_CORPORATE_ACTI.pdf

Proposed Dividend: A Final Dividend of 10 kobo per 50 kobo ordinary share payable to shareholders whose names appear in
the Register of Members as at the close of business on 31st August 2022.

Proposed Bonus: Nil

Closure of Register: The Register of Shareholders will be closed from 1st to 6th September 2022, both days inclusive.

Qualification Date: 31st August, 2022.

Payment Date: On 29th September 2022, dividends will be paid electronically to shareholders whose names appear on
the Register of Members as at 31st August 2022, and who have completed the e-dividend registration and
mandated the Registrar to pay their dividends directly into their Bank accounts.

yMcy56:
The new broker you're moving to should make available the documents necessary for the transfer......in as much as the names on both active and inactive are the same.
Search for your name and the shares here to begin with:
http://sec.gov.ng/non-mandated/

....then discuss with your broker.

Please permanently ignore the link you just sent now.

It was last updated 70 years ago.

OBAGADAFFI:
The price will be adjusted after the Dividend and Bonus qualification.

Ex-Div will be N1.68.

Please check again. UPL is now trading at N1.63

HOW DEFUNCT NIGER INSURANCE, STANDARD ALLIANCE WILL AFFECT CUSTOMERS
Do you carry Niger Insurance, or Standard Alliance Insurance policies? If you do, experts say the company’s liquidation means that you cannot get compensation for any loss that occurs from June, this year.
Mr. Nwanne and Mr. Segun fit this scenario. Last week, Mr. Nwanne hit Mr. Segun’s car bumper badly. Rather than fight, Mr. Segun and Mr. Nwanne’s agreed to see their motor insurance certificate only to find out they were carrying certificates of Niger Insurance, a company whose licence was revoked three months ago. Both were in a dilemma over how to deal with the situation.
As a policyholder, you have a right to demand claims payment from the liquidator or receiver manager of both defunct firms, namely Sanya, Ogunkuade Esq, for Niger Insurance Plc, and Kehinde Aina Esq, for Standard Alliance Insurance. Both were appointed by the National Insurance Commission (NAICOM) to wind-up the businesses of the two firms. Unfortunately, both have not communicated how they planned to pay valid outstanding, and new claims.
When we inquired from the commission what it was doing about the situation, the Deputy Director and Head, Corporate Communications, Rasaq Salami, said the Commission would reach out to affected policyholders through the receiver managers.
Meanwhile, both companies have gone to court to stop NAICOM from liquidating them, further complicating things for policyholders. At present, neither the companies, NAICOM, nor its receiver manager, are yet to communicate the next line of action to policyholders, and the public.

The current share price of University Press (UPL) is NGN 1.63. UPL closed its last trading day (Friday, September 16, 2022) at 1.80 NGN per share on the Nigerian Stock Exchange (NGX). University Press began the year with a share price of 2.94 NGN but has since lost 38.8% off that price valuation, ranking it 153rd on the NGX in terms of year-to-date performance.

University Press is the 81st most traded stock on the Nigerian Stock Exchange over the past three months (Jun 20 - Sep 16, 2022). UPL has traded a total volume of 10.2 million shares—in 472 deals—valued at NGN 22.6 million over the period, with an average of 161,544 traded shares per session. A volume high of 1.41 million was achieved on August 19th, and a low of 50 on August 5th, for the same period.


I have made a big loss by buying the shares of UPL, and the stock is still going down down down, and now at N1.63. What hope does UPL have for its shareholders? Will this stock ever rebound to N3.00 in the short term?

Or should I just sell it off before it hits N0.20?

yMcy56:
Contact CSCS and engage the services of your current broker.....or the broking firm you wish to move the shares to.
** Note: Any cash related dealings with the inactive Maininvest Asset Mgmt has entered voicemail. You can only recover shares domiciled/bought through them. **

Thanks a lot. I do not keep any cash with a stockbroking firm. I always buy to the last cash. It is the shares I have been wondering how to recover it. I do not have the required documents to make the transfer from a dead house. I bought the shares in 2010. 12 years ago.

https://www.giaba.org/media/f/303_2ND

How can I recover my shares that I bought through MAININVEST ASSET MANAGEMENT LIMITED?

2ND NIGER BRIDGE: FACTS YOU NEED TO KNOW BEFORE THEY DECEIVE YOU
When Buhari took over government in 2015, he tried to cancel the project under the guise that he wanted to renegotiate the contract, but he found out that cancelling it will cost Nigeria lots of money, as a result of BREACH OF AGREEMENT, because the terms of the agreement signed by GEJ made it impossible for the contract to cancelled at whim.
1. 2nd Niger Bridge is a Public-Private Sector Joint Venture, meaning that majority of the cost will be borne by potential users, mostly IGBOS.
2. Before he left, ex-President Jonathan made available 60 percent of FG’s 30 percent counterpart fund.
3. Anambra and Delta States provided 5 percent EACH, while Julius Berger took care of the remaining 60 per cent.
4. When ready, the bridge will be toll, so that they will all recover their investment.
5. When Buhari took over government in 2015, he tried to cancel the project under the guise that he wanted to renegotiate the contract, but he found out that cancelling it will cost Nigeria lots of money, as a result of BREACH OF AGREEMENT, because the terms of the agreement signed by GEJ made it impossible for the contract to cancelled at whim.
So, neither Buhari, nor APC, can take credit for 2nd Niger Bridge, because, they complied with the contract, NOT because they want to see this bridge done, but due to the stringent terms of the signed contract, before they took over government. They have NO VIABLE OPTIONS!!