₦airaland Forum

grandstar:
That really is what you should do.

but the rich n powerful are still accessing it on the old rate 605.

i heard someone applied and within a week got paid into her school account. all because the parents are well connected.

its well

grandstar:
That is about a 4% differential in price. That is nothing.

even the black market spreed between but and sell don't exceed 5 naira.

even at this expensive price tag they have drive the Naira to we can't even get it for school fees. I have applied since May while others that applied since February are yet to get a dimn.

We have started going for black market because its cheaper and accessible any time u want it

grandstar:
Oga those were the Buhari days. That's why the 3 different rates that exist now, the official rate, BDC rate and black markets rates have all merged. The Naira has been floated. There little room for that arbitrage now.

Today, I sold my dollars at 765 at the black market. Cbn rate was 758.

Where the money to be made now?

Buhari introduced the massive differential in exchange rates by meddling in it. Thank goodness he's gone.

banks are making money. they are selling with wide spread margins
while buying pounds for 967.0651 from cbn and selling at 1001.
why 34naira spread instead of the usual 2 naira spread anything above 5 naira spread is much

yes this is the best time to buy shares in banks because they are really making money.
imagine buying pounds @ 800 from cbn and selling 1000

Juanmike:
Does it mean that Siofra, Jennyclay and co would give birth to deformed...?

better leave our feminist slay queens alone
Candidlady is laughing at u

Osilama1:
u are living in self delusion... Go and collect his Enugu State of origin rights u hear...

are u in South East?

igbo Muslim is an illusion that exist only in the imagination of a few Nigerians.

There is no such because i have not seen one in person except my North and South West friends who are Muslims and they are free to practise their belief in igbo land without harassment.

NeuroToby:
Your tuition fee deposit depends on the school you choose to study at, just the same way tuition fee at UNN is different from that of UI.

yes I know. in the case of yours now. because most schools I am seeing. they are expensive.

I will like you to list cheap university. maybe like one or two.

then how many percent do they normally require for deposit

victorVIC1:
Ending of July. My deposit is 7K so black market is not an option I want to consider. I've started looking into other cheaper options in Europe. I don tire for the stress.

How far with yours?

same shoe with you bro. n I have dependant. this tinubu have finished person

NeuroToby:
Hi.

It appears you have not started up with the admission process. If that is the case, I doubt that 17M will get you to the finish line, from the very beginning.

The 17M I talked about was after paying tuition fee deposit, visa application fee and OSHC (Health insurance).

wow ok how much is the deposit.

NeuroToby:
This is all I need to know!

I had more than 17M in the account of my sponsor when I submitted my application.

Thank you so much, Jeffree.

Please does it mean if I have 17 million In my account I could be granted visa? if yes which school in Australia.

Please i need ur response

victorVIC1:
No concise feedback. The branch manager said she going to follow up with her colleagues at the head office. She also couldn't confirm the current rate due to the volatility

what is the deadline for ur school

victorVIC1:
Most likely. I will update you anyway. How far with yours?

What did they say

penitential:
Moving to Australia with 10M as a student is vey impossible, not with this present rate.

Because, your first semester tuition deposit (even with AL2 school) which is considered a cheap school, your minimum initial deposit can’t be less than 11,000Aud, which is around 6M approx. you’ll also have to show a financial statement of minimum 60,000Aud which is 31,800,000 to embassy for visa application.

So, except you have a sponsor that can give a statement of equivalent or more to 60,000Aud, that your amount can not fly processings to Australia.

This post is not to discourage you brother, I’m just being realistic with you.

I have two friends who dropped out of Australia pursuit because of this present rate.

What about someone that has properties. like lands and houses
and with 15 millions

Justkatty:
Yes oh
Most times when depression wants to come in, my daughter gives me thousands of reason not to let anything make me give up in life.
I am strong today because of her and she's just a baby.
I accepted my mistake, picked up my pieces and I'm fine now by his grace.

it's no mistake.. it's a blessing.. God blessed you.

each time I look at a couple beside my house who has been married for over 17 years no issues and how the human use to lament I felt sorry and come to d conclusion that children must be seen as a rare blessing.

abeg any woman that got this babies need to be grateful to God.

Justkatty:
Please education first
That was how I was deceived that I'll be getting trained, and later got pregnant out of wedlock
But thanks be to God after I put to bed, I went back to school Courtesy of my siblings.

You now have a baby who will look after you when you are old. that's the beauty of life. and you should be thankful to God that he blessed u with the fruit of the womb.

for this woman. she should forget about the school n learn a solid handwork... hairdressing is there, tailoring at professional level is there or any skill that will help her newly formed family.

suitors hardly comes by at 35+. it's a fact unless you have something extra like running business or a relevant degree in health like nursing.

We that graduated since 10 years now where is the job? we still had to go back to learn skills which pay the bills now

the solution to our problem lies in our hands not in bill gate's hand.
we must do the right thing by electing the right people, policy must be put in place to make elections transparent and also for inec not to select leaders for us.

Timmi:
Putting things in perspective, all these happened to you pre Tinubu

immediately he entered pounds went up from 560 to now 900 and Dollar went up from 450 to 800+ on oanda fx page which is what they. British consolate used to access your funds rate.

In fact the 100k plus I spent on tax clearance was just last month.

I have not seen any single benefit to the poor on the street

fuel subsidy gone
dollar subsidy gone
employment zero
insecurity high

after gathering the few money I have just to escape, I went to immigration to do a passport. those criminals charged me 80k to process it else I should wait till further notice and I finally got it @80k.
then this year tinubu came and removed subsidy on dollars making payment of school fees, travelling expenses, proof of funds more expensive like times 2.

I ran to black market to buy dollars because accessing it through banks form a takes almost a year now . I open dorm account and deposit the money.. bank said I can't send money abroad that the money must be earned outside

I ran back to continue processing it through cbn form a instrument. which has been in process since 4 months now and some people have been there since 6 months and admission is almost ending. cbn through the bank said I have to wait till they get Dollars meanwhile just last month they asked us to pay for tax clearance TCC of almost 150,000 before we can access services from CBN excluding other charges of which we have all paid.
how can a student pay for tax when he is not working?

what are we even enjoying from the government again?

no job, no benefits, hunger everyday.


but they are quick to increase their salaries over 100%.
the poor is no longer breathing oh.. we are suffocating

it's not expensive when compared to other private universities

most people japaing are going there for education that's it. and after education they will rather stay likely few years while some will stay back n proceed to do PhD program others will want to work make that money n invest right here in Nigeria.


the West have done so much, design their country to function.
what has the government here done? they removed fuel subsidy on fuel, introduced tax on diesel, remove subsidy on dollars/fx and turn around to quickly double their salary over 120%.

We where expecting them to come up with ideas, form a committee and identify areas, framework on how to channel these money into education, health, and infrastructure across the country so as to create a multiplier effect on the economy.

a framework has to be put in place, an anti corruption framework has to be implemented to address state governments looting without doing anything while in power.

until then those who travelled under any means will hardly return

Emefiele only carried instruction from his superior Buhari.

Today fuel is 550 and Dollar is now 750 while pounds 800 to 950 from banks through the recently devaluation through their Sloggish instruments while CBN wash their hands off dollars we are left in hands of banks to rip off . and not like they will debit u instantly with this high price, you still have to wait for months

Right now we cannot still access Dollars to pay schools fees . in fact its like things are now worst than when Buhari was in charge.

Even if you get the dollars, the bank will not likely debit you since its not inflow. Most people travelling to UK, US, AUS this year will not be able to make it from this new policy

victorVIC1:
Exactly. But since they debited a June disbursement it means they are not really doing bad. I really hope they debit me latest next week and also do full debit for me. Na Standard Chartered worse, my efforts have been geared towards my Standard Chartered application only to find out that they are still in January. My heart cut

but sadly

victorVIC1:
Wow. I'm really grateful for your follow up messages on this. Unfortunately I couldn't follow up with them as I was away from Lagos for a while. I've visited the branch this morning. The bank officer couldn't connect to the trade platform due to network glitch but she assured me she will check in the afternoon and give me a call. If I don't hear from her by 2pm, I will go back again. Na me and them this week.

I got the email on the 24th of May and when i checked the tracker i saw it was on disbursement. Though they didn't deduct any charges from my account as other banks do. I just attached the TCC last week.

Another thing that raised a concern to me, the lady that attended to me said she's the one who approves Form A in the branch but she has not approved any for the past few months. Hence, she was surprised when I told her it's under disbursement.

Will udpate you anyway. What's up with yours?

this bank in particular don't have crowd unlike uba and eco still yet they are slow. unity bank try pass them

FreeStuffsNG:
Smh. He spent only N1.8 million from his personal funds. Haba!

Till now, I never knew that one can intend to run an effective campaign and win Nigerian Presidential election on a paltry budget of N40 million ( just about $50k) when election is not conducted on social media.

With the way Sho Baba is going, I want to move the motion that INEC should kuku be giving the form to him free every 4 years because he is a regular customer daada.
Check my signature for free stuffs!

but obi pulled 6 million votes despite the rigging and failure to upload results live. which result to sheet of paper being changed and his results mutilated

victorVIC1:
I joined the debit queue May 24th. Any idea of the rate they used for yesterday's debit?

since 24th May hmmmm? above 600 not up to 700 from 3 persons I know
have attached your TCC and also all your documents are correctly uploaded?

victorVIC1:
No. I intend going to the bank tomorrow. Are you certain it was Keystone cos I only heard about EcoBank today

yes certain. but when did you receive a mail that you have successfully inniated form a from your bank?

victorVIC1:
Hi, I thought I should respond to your enquiries on another thread as she's also on Nairaland. She submitted the Form A on 26th of March and it moved to disbursement in May. I was pushing to know if she fast tracked because I submitted and got to disbursement before her but she said no that she only followed up with the branch manager of the branch she submitted

have u been debited? I heard they debit today

Episte:
Please I mean Lagos here, can some tell me a genuine bureau de change. Thank you

Did you leta pay through black market?

oguinedavid:
I really don't think so, you will have to go with the black market rate, since you have limited time.

if I want to go with a spouse is it allowed? if yes how much should I budget for her.