₦airaland Forum

Timm:
Hello house

Please any one with testimony regarding submitting their application when the rate is a bit on the high side on completion of 28days?

I have been keeping my funds for more than 3 months and I just got my CAS yesterday but unfortunately the rate is no more favourable. I calculated 430 when keeping the fund and now its 434.6.

Your testimony will go a long way. Thank you.

The best advice i will give u is just keep money for your visa payment and IHS in your account and then monitor the rate. Once you see that the rate is below 430, u quickly apply and pay. period!! cos the home office will use the rate of the day u apply for visa to calculate. So like i said, just be watchful and monitor the rate.
Secondly, the rate for today isn't 434.6, d rate is 435.311. Maybe you are using the wrong method of checking.

spikesC:
Stop giving advice on what you have no clue on.
Currency exchange has a bid and ask rate which is basically the rate you buy the currency you need or sell the currency you have . Rates are more accurate in 8 decimal places, Google currency converter just rounds it up for you to remove confusion.

Most people actually advised to keep the Naira to the left and Pound to the right which I really don't understand the F' confusion as oanda has already labelled the inputs. You know you HAVE Naira to show the visa officer so why are people being so dull

Oga spikesC abeg take am easy. People are bound to be confused with the whole thing. The truth is people are confused if the Naira should be on the left or right. Just lead and advice calmly...No be everybody sabi everything my broda. Cheers, man.

mzsI:
Today is my 16th day still nothing and i applied in VI so its not only abuja. So frustrating

Did you exclude weekends? Cos I believe it should be working days only.

Whatamidoinghere:
I was confused and devastated when I saw it on News, was thinking probably two banks (FBN and Skype bank) won't include
This is totally unexpected...

It will certainly affect availability of forex and possibility scarcity. I just pray it doesn't affect Oanda rate ooo

Which kind badluck be this? Got this here on nairaland that some banks have been barred from all foreign exchange transactions. :

Determined not to tolerate any further breach of extant financial regulations, the Central Bank of Nigeria (CBN) has barred nine banks from all foreign exchange transactions.
The banks, THISDAY exclusively gathered this afternoon, were barred for failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the presidency last year.
The banks, whose suspension would remain in force until they remit all the funds to the TSA are:

United Bank for Africa (UBA) $530m;
First Bank of Nigeria (FBN) $469m;
Diamond Bank Plc ($287m);
Sterling Bank Plc ($269m);
Sky Bank Plc ($221m);
Fidelity Bank ($209m);
Keystone Bank ($139);
First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).

The CBN sources told THISDAY that further disciplinary actions awaited the erring banks after remitting the funds in full to the government’s coffers.

http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/

Please how do people who bank with these banks be able to pay tuition through Form A or be able to get PTA or make money transfers?

zaty:
Trust me, I'm being patient

Just try... Get ur mind off it. I know u r so tensed

zaty:
Mehn, why is Sheffield visa section punishing we in Abj, going to bed worried. No decision Mail on the 13th working day. Nawa o

zaty please don't put urself under unnecessary stress. You still have two more days. Just be a lil bit patient and you will surely get a mail from them.

chuksbenin:
Just write the name of ur university. They won't bug u on this. They didn't ask me about accommodation but if they ask you, just tell them you are staying in the school.

And what if they decide to check if u have made any form of payment regarding school accomodation like paying deposit. What if he books a hotel and then puts down the address of the hotel? Won't it be ok?

yomiselmer:
Lol... If he does one day super priority visa, he'll make it. Hope he has held your maintainace money for 28 days?

Super priority? This kind period wey man dey find money? lolzzzz.. omor..dat money toomuch ooooo..hahahaha...Well its still possible anyway..

viraltv:
Thanks For The Info Bro, I am applying for the September Intake.
Have you done your Interview? And if Yes what is the process like

Bro, don't you think its quite late applying for the September intake? Bearing in mind you start date and other processes.

chuksbenin:
Lol @ octopus.

Currently the live rate is 429.54. There is hope. Hopefully by tomorrow, we should have a rate between 425 and 429. Lets keep our fingers crossed.

chuksbenin:
The live market is a bit stable between 430 to 435 to £1. It has not dropped below 430 today but then it has not gone above 435 too but it's still a long way to 22:00 when Oanda takes their average for the next day. Hopefully something will happen. All the best man.

The Octopus has spoken. Just like the Octopus that predicted every win during the world cup,we now have one on the thread in the person of Octopus Chuksbenin. Well am hopeful it will reduce by tomorrow morning.

chuksbenin:
All the best man. No need for insults. We are all here to help and learn.

No probs man. All d best,no beef! How u?

chuksbenin:
Now fizzile, swallow ur pride and say sorry to me. Beside we all have our different fields before opting to go for a master degree in the UK. I doubt if you knew mine before concluding. I did my first internship in the UK and the second one in Germany but I still listen to Justwise and co cos this is my first time of applying for this visa category to the uk. I wonder why you underrate my contributions.

My friend go and sit down. What will ur so called internship do for me? Abeg make I see road. U did internship at UK and Germany and so what? I should lick ur foot? Don't embarass urself by ur ignorance. The CBN has been selling fx and have you forgotten yesterday was the beginning of the week and they invariably had to sell to banks and BDCs? Do you think its just the CBN that intervenes? If I may inform you, do you know many who went on holidays are beginning to return into d country with fx? Have u checked the impact of the just concluded olympics on fx? Abeg if u no get anything to do, u find another place to do your internship.

MrsDaniels:
When i typed in 1pound to the right it came out to be 431 to a naira. @olowoB, @justwise and all pls confirm the attachments for us and tell which is most authentic.

I think this is actually the right one. Pounds on the right and naira equivalent on the left.

MrsDaniels:
The first attachment my dear i got when i put pound on left and naira to right as currency i want to buy. Whch is wrong i guess cos its naira we all have not pounds and we want to buy pounds. So i guess it shud be 1naira to get equivalent to 1pound.

So which do you think is the right one? Well all this while I have been putting pounds on the left and then naira on the right but some guys came here yesterday and said it should be the reverse, which is the first attachment. The whole thing is just confusing. So please which do you think is right?

MrsDaniels:
Pls guys which is right ? First attachment or second. Confused day by day wt dis oanda thing. Jezzzz!

The first attachment is the right one to be used. As you can see, it implies that 1pound is equal to 431naira for today and not the second attachment. That then means that the home office actually use the first attachment. Therefore anyone who has a balance to payup or his or her maintenance fee should input the figure in pounds on the right and will then see the outcome in naira on the left.

MrsDaniels:
What ur doing is putting the pounds selling price for oanda on naira. Which is wrong o. Its naira to buy pounds not otherway round.

I guess he would have inputted 1pound and not 1naira.

chuksbenin:
Thank God the CBN intervened. It's now 431 naira for £1 on Oanda. Hopefully the emergency policy from the president will pull through this week to save the Naira. Remember my prediction that it will drop before the crazy fluctuations started in the evening. Let's hope today's live market will be more stable, so prospective applicants can apply tomorrow. If your fund is up to 28 days and you calculated with 432 and above, please apply immediately. All the best to the house.

Abeg stop all this. Which CBN intervened? Intervened in what? and when? Last night? As at yesterday evening the live rate was 433 until close of market. Does CBN operate a 24hr market? Abeg make we hear. As at last night it was 433 on xe dot com. So stop this your prophet messaiah show. CBN never intervened in anytn abeg. We also monitor fx.

Sirbantu:
I did my interview on the 15th of August got decision mail on the 19th, used priority service at IKEJA.

Sirbantu please how much was the priority service in Naira?

Its so disheartening that from the analysis being made regarding Oanda and the fact that the Naira will be on the left while GBP will be on the right, this therefore implies that today's rate at Oanda is actually 459 naira and not 445. This is not good news at all. Something has to be done ooooo.. Cos this is just not cool one bit. I refuse to be moved.

chuksbenin:
This is outrageous! God save this country.

Chuksbenin, why you dey put fear for our body? Take am easy naaa. You might not really understand how the system works. We have not really witnessed rapid increase or decrease except during the brexit. As at today, the dollar closed at 305naira. Take it easy bro. Only experts in the financial sector and those who know so much about how the fx operates can give a better explanation, else many will be busy thinking and thinking.

MrsDaniels:
This wht u get oh when u ve naira on left and pounds on right. Guess what everyone is sying we shud do is put pounds to left and then Naira to right. Asked my sch international office too they said its naira to left and pounds to right. Na e i come confuse more as ve put pounds on left and naira to right.

From the pix u just uploaded, that means £1 is not even 445, cos from the picture its less than £1 pound. So how then will one know the rate the home office will use. The whole thing is just confusing. I'll still try it out anyway.

OlowoB:
Fizzle just do it the way you have been told.

For example, you have an idea of how much exactly you have in your account for 28 days right? Type it on the left to check if it is up to the pounds Home office requires of you. That is the way to do it.

Alright. I will try it out. Naira left, pounds right.. Abiii? No probs.lololzzzz.

OlowoB:
Don't mind me, you may actually be right but to convince me more, can you come online here exactly past 10pm and say for sure the exact rates it will be tomorrow on Oanda and then i will believe you totally .

The rates usually drop on tuesdays, wednesdays and thursdays except last week that the rates dropped on Monday.

Exactly. Let him come back and tell us the exact rates it will be tomorrow, not about minimum or maximum rate. Lolzzzzz.. Everyone knows the rate will certainly drop. Last week the rates affected not just pounds but other currencies

chuksbenin:
Sorry bro but that's so untrue. Try it now. As a matter of fact, am on the site now. Put one pound on the left, Mark the equivalent, then put the Naira equivalent on the right, it will be less than 1 pound. Seems you've not done the experiment before. Lol

But wait oooo, if u put 1 pound on the left and it gives you 445naira on the right and then u reverse it and put 445naira on the left and it gives you 1pound on the right, what's the difference?

chuksbenin:
Yes. I am sure of this. Read it carefully, you will see 'the currency I have' and 'the currency I want'. I got the info from a friend who works at the Imperial college. They are allowed to assess students' maintenance fund on behalf of the embassy. So their prospective students don't get to submit their financial proof at the embassy. That's for top schools in the UK though. London schools are also tough on Proof of finance before CAS.

No matter the side u put it,u will still arrive at the same thing. Its like putting Naira on the left hand side,it will give you the pounds equivalent on the right hand side. On the other hand if u put the same pounds on the left hand side, it will still give you the naira equivalent on the right. So what's the difference.
As for the prediction method, I think u r just doing guess work. No one can ascertain what the rate will be tommorrow or next. So let's not mislead people. No one can ascertain. You were only lucky.

bal2012002:
Confused here, please help me.

I started my count on the 18th of July, filled my application online and paid the visa fee and IHS on Friday 12th August (25days) and then submitted at the visa application center in Lagos on Wednesday 17th August(30days).

I hope I am fine.

Just to confirm, is the online application date calculated as the submission date or the day the forms are submitted in person and biometrics taken at the VAC?

Regards,

I just pray you don't have issues. Your bank statement should indicate that your maintenance has been in the account for atleast 28days and not 25days. And the visa fee should have been paid after the 28th day. The rate is calculated on the day you pay your visa fee but like I said,I just pray you don't have issues cos ur statement isn't upto 28days.

Timm:
Hello guys,

I am presently in shock as result of the giant downward path Naira has embarked on. I have kept maintenance money in my account for more than 3 months now. Each time my 28 days counting is about to complete the Naira will slide further. Last Friday was the latest one, from N419 it moved downward to N449 and now N445.

At this point, my school resumes on 26th Sept I just have to apply now. Please I will like to know if there is anyone who has experienced this situation before and applied like that.

Please share your experience with me here.

Thank you.

First of all, at what rate did u calculate with? Same happened to me and i had to project and used a high rate incase it keeps increasing. First of all we need to know what you used in Calculating. As for the application, to be honest with you, the best thing at the moment is to start planning to pay for priority if u want your decision within 5-7working days. Right now am on my 12th day of counting. I believe the rate will decrease gradually but i doubt if it will get upto 400.

dickoflife:
hmn.. beeni padi mi.. emi ti nlo e....

ERrrooorrrrrrrr!!!!!!!

dickoflife:
no church bro.. i never see cele for here.

You fit open one there..come turn general overseer. Cele Ministry USA branch..lolzzz.