₦airaland Forum

Candybright:
Don't ever try to drop your passport wait till your USA embassy interview unless it's not urgent, then you can reschedule your US interview and submit your passport to Canada embassy. You have up to one month to submit your passport. If I were you, I will shift my U.S interview and drop passport for Canada stamp.

Thank you.

Please House, how long will it take to get my passport back? I received the Original Passport Request update today. However, I have an interview at the US embassy in 2 weeks. Can I risk it?

For those looking to book an appointment, please note that new dates have been released. All the best!

I have not traded in a while on MC. My colleague just informed me that they have increased the commission from .25% to .50%. Was this communicated to all?

This might help someone some day:

Timeline (Paper Route):

Applied for Vacation (Wifey and I) on August 27, 2018
Received passports with Visas on September 24, 2018

Documents submitted:
1. Cover letter (5 pages) which covers different sub-topics: Introduction & Personal Status, Source of funds for the trip, Purpose of visit, and Strong Reasons Why We Will Leave Canada
2. Letter of invitation from a family friend (plus copy of His Utility bill and Residency permit)
3. Letter of introduction from my Employer (original and addressed to Visa Consular)
4. Payslips (3 months)
5. Account statements (6 months)
6. Deed of Assignment of a property (Unregistered)
7. Copies of Visas (expired and current)
8. Pension statement
9. CSCS Statement

Praise be to God for HIS mercies!

Current Price:
Brent Crude: $53.46
WTI Crude: $50.08

Meanwhile is anyone following ETI trend?

locodemy:
Using your method,pls calculate the price of fcmb then and now.

N5.18. You will be in MADT money!!! lol

If we do this simple exercise we will discover that the prices of most of the stocks are not out of place:

1. What was the price of First Bank/Diamond/Access Bank etc when foreign investors left? -please use May/June 2015
2. Divide the price by 220 (N220/$1)
3. Multiple the answer in 2 above by 380 (N380/$1)

Using FBN for instance, the price was N9.00 as at June 4, 2015. That was $0.04 at the time. As at today, $0.04 is N15.2
Using Access Bank price which was N6.02 as at June 4, 2015. That was $0.028 and today that is N10.65

What is happening is a typical re-pricing and only fair that the share price of these stocks go up. I know there are other variables that determine share price and this is not a projection in any way. I only wish foreign investors that left would come back and buy at a more fair value which will be good for the locals.

Zenith Bank’s Eurobond Four Times Oversubscribed

https://www.thisdaylive.com/index.php/2017/06/05/zenith-banks-eurobond-four-times-oversubscribed/

woodcook:
Please I came across a gist about Oando going to NSE tomorrow, any has an idea what it's all about? I will appreciate an info on that.

Thanks in advance.

They are going to present FACTS behind their figures. Some companies do this from time to time. It is an opportunity for the Traders on the floor to ask questions and they can in turn advice their clients on the Stock

pluto09:
I can see that many have already fallen for that manipulation
32 k is the annualized EPs
Divide that by 4 and you get 8

You are very correct. Please check page 29 of the financials (note 19)

Good Afternoon,
I renewed my visa via the dropbox already. We plan to take my Mother (not so fluent with English) with us for our vacation. Do we need to follow her into the interview or an interpreter would be provided for her? I am the one paying for her to join us for the trip.
Thank you, always!

This is very wrong. Whether we like FFK or not, we ALL need to condemn this illegality. Unfortunately, this is becoming the order of the day.

The Central Bank of Nigeria concluded its Monetary Policy meeting today. Outcomes are as follows;

• MPR rate will remain at 12% with the asymmetric corridor unchanged.

• CRR will remain at 22.5%.

• Liquidity ratio will remain at 30%

• Adopt a flexible exchange rate policy

Any info on FlourMill?

They have marked down the prices of GTBank and Zenith Bank to 14.48 and 11.45 respectively.

UCAP on FULL Offer (over 37 Million units)...Interesting

Their financials says Outstanding Shares is 24.8Billion

Manonamission:
I take back this comment.

How did the bank arrive at N2.62k EPS? OS is 28.9B

GSK at N24.98 is paying dividend of N0.30k (1.2%) while UBA at N3.60 is paying N0.40k and still crashing.

Tigerbrands!!!

It is better to buy zenith at N12.5 and earn N1.5k dividend than buy GTBank at N16.5 and earn same dividend bracket. This is the reason why Zenith price will appreciate (in terms of percentage) better than GTBank.

Another Stock to watch closely is Access Bank. Their share price should not be less than half the price of Zenith.

All the best.

Any news on C&I LEASING?

My thoughts on FCMB:

1. By end of this month, FCMB will release their 1st Quarter result which most likely wont be a bad one (remember that the anticipated bad result is for 2015 year end).

2. What some investors are doing is called Positioning. That is, buying now at N0.68k (and some are praying it will crash further to sub N0.60k) not because they are buying to get dividend but only buying against the future -half year (which is in 4 months time)

3. By half year, EPS (earning per share) would be in the range of 50k and the price would move to about N1.30k which is almost 100% return for the investors that would enter after now.

Note, the Bank will not die, its a going concern. They have a challenge with bad loans and they'll take the provision and move on.

Ask yourself, those that would wait for 6 months and make 100% or more, are they really 'stupid'?

This is not a 'buy' recommendation in any way. I just wanted to add my voice to the on-going discourse.

Thank you

Thank you!

3.5% monthly is 42% per annum which is high.

Who dropped the pump price from N97 to N87?

profound!

I will read again and again. Thank you for sharing.

tolaolu:
Did you have to wait for a mail from the VAC.
I have however received a mail that my passport is in transit

Yes. However, if you don't get a mail from them after 5 days just go to their office (remember the mail said 3-5 days)

tolaolu:
Good please what's he usual duration from the visa centre in Sheffield to VAc in Lagos. Received a mail that a decision has been made but on the Vac portal it still shows that the application has been dispatched to the visa centre.

Mine was like that as well (mail received on Saturday, 3rd October) but status changed this afternoon. I just returned from their office in VI with my package. All the best.

Hello Fash,

Thanks for sharing. Please did I per chance miss out on the cost outlay for the block work, decking and roofing or you didn't post them?

God bless sir.