₦airaland Forum

Lexusgs430:
Very safe...... My daughter is a university student and she already got 2 investment accounts....... 🤣😊

bigtt76:
Is it safe to sign up as a student? Its requesting my National Insurance number

specialenvoy:
What of in a case the grandma is a pensioner, will that kind of visit be proper?

Like using 5 months, use 1 month in Naija and come back for another 5 months

Noworries11:
Boss what do you consider as a frequent visit?
She's a Pensioner
Has just been granted visa presumably coz we just got a mail for collection.
Plan to stay for 5 months 2 weeks and return.
She's ever ready to visit at the most possible time even if its a week after. She's lonely and am her only daughter

mayluv:
No she isn't.

juma123:
Hello,
Please I need advise on how to respond to the question below.

"Your bank statement is showing large sum deposits into your account. Please provide evidence of the origin of these funds, showing who these funds have come from".

Do you know anyone who has had to respond to this while waiting for a decision for your student visa application ?

Your advice would be highly appreciated.

mayluv:
Good evening beautiful people, please I have a question. I apply for a say 5 year visitor visa for my mum.

I want to understand how it really works. The maximum stay of a visitors visa is 6 months. If for example she stays for 5 months and goes back to Nigeria and then she comes back after 1 month and then stays 5 months, has she violated any visa rules?

What is the best way to maximise the use of this visa.

Thanks in advance.

cc justwise fatima04 lexusgs430 ticha and all the sabi people on this thread

duchess90:
Hello

@Justwise please help ban

Cheers

ednut1:
Your sister should check if she qualifies for express entry or student visa. Canada is not UAE/ dubia dem no dey use connection go there. Beware of agents saying they can do workvisa . Its a scam.

Links below
https://www.nairaland.com/6829885/canadian-express-entry-federal-skilled

https://www.nairaland.com/7255452/canadian-student-visa-thread-part

duchess90:
Hello

This isn't allowed here


@Justwise please help ban

Revolution2022:
British citizens cannot do most of the odd jobs that african immigrants are doing.Some of the african immigrants have never done most oc the odd jobs they do abroad.They are motivated to do those jobs because of the foreign currency.

Chreze:
@justwise

I can see there has been replies already and your confirmation that you got the jerk.

To be honest, there are so many financial institutions in Nigeria quoting magical interest rate. My sister in law who work with an insurance company quoted something to my wife that looks like 50% interest for a 15yrs plan. I told my wife I am not part of it and it’s her decision.

To answer your question, yes you can manage your investment here. Years back my Tbill was processed by my account manager monthly. A good relationship with your account officer will benefit you. You can write to your banks customer care and they will respond with your account officer info as well as get him/her to contact you.

I personally don’t invest in any plan except it is FGN related. This is solely for security reasons. While I like more returns on investment, I don’t ever want to lose my money. I don’t think Nigeria has that financial deposit protection schemes from banks to cater for its customers should anything happen or if the government will reimburse anyone back their money should a financial institution fail in interest. Even in civilized countries, I believe there is a limit to what can be paid back (not too sure), but I doubt if government will pay you back £50m.

If anyone knows about any financial protection scheme for customers in Nigeria to pay back investment if the financial institutions fails, please share this info, as I have a feeling my wife and sister will enter one wrapper in years to come.

ukay2:
I just think of putting my little thoughts on this discussion.....


If you're good in the capital market, invest the funds in equity market in Nigeria via you are stockbroker.

You will achieve both capital appreciation and dividend payments until some selected listed companies.

Some of us invested in Access Bank shares when it was trading at N6 to N8 with dividend payments of 50kobo to 80kobo per share few years ago.

An investor with 1m units of Access bank at N8 and 800k dividend payment 2 years ago is now getting N1.5m dividend in 2022 dividend payment and capital appreciation to N14 per share currently.

If you're not interested in the capital market, make effort to invest the fund in the FGN bonds (not FGN savings bond) through your stockbroker or through your bank ( l use stanbic ibtc bank).

Some investors with 10m invested in FGN bonds 2050 at 18% yield in 2018 are getting 1.8m bonds coupon payments (900k every 6months) till maturity (2050) and get your 10m back.

There's possibility of increase dividend payments and price appreciations in good profitable companies in stock market ( remember to monitor the quarterly performance of the company) while your capital fund and coupon payments in FGN bonds are static till maturity ( remember inflation and naira devaluations..but this may not affect you much since your giving the funds as your naira charity obligations)

You can decide to be paying your naira obligations with either the dividend payments or coupon payments in the above two scenarios.

For me, l go for the stock market since l know how the stock market works (17+ years in the market).

If you feel like investing in NYSE, some good dividend paying stocks with upto 6-10% dividend yield in the NYSE market exit. You can be using the quarterly dividend payments in dollars, convert it to naira and settle the naira charity obligations.

Many ways to play the card....

Santa2:
lol @payroll system, pillar of our african culture

Lexusgs430:
Justwise and solumtoya............ Una dey hear so....... I would never put my funds in a ponzi scheme......... 🤣😜🤑

Henix:
Branch has 2 savings schemes, one of them is the one that enables you earn their supposed interest on weekly base. The interest rate is 10% per Annum, meaning that what u will receive every week is 10% divide by 52 weeks.

Their 2nd savings scheme is more like a fixed deposit. They will lock your money for a particular period of time, as instructed by you, and then release both the capital and the accrued interest at maturity. This one attracts 15% interest per annum.

I wouldn't know where the other guy got the information that Branch pays 15% interest per week on a savings plan

duchess90:
Hello

Not allowed here


@Justwise please help ban


Cheers

Solumtoya:
Guaranteed 15% weekly claim can only be ponzi

Lexusgs430:
But you get 15% weekly....... Abi ....... Are you confused or trying to confuse me .........😜😭


Let's assume you had someone in Nigeria, you are mandated to give ₦30,000 every month........... OR simply accrue the interest, on your next visit to Nigeria......... You shall only be spending your interest........🤣😀

Branch would supply that ₦30K per month...... Simply tie down capital...........😂😜

Lexusgs430:
Simply open a branch account (download app), fill all required details, after account is opened, fund account, then transfer money to the investment portfolio.........

Sit back and relax....... Every Monday morning, you receive either 15 or 20% (depending on investment selected).........

The interest you receive, would simply be your salary to family (preserving your capital)....... 😜🤣


https://branch.co/

Lexusgs430:
Why crappy FG bonds....... When a branch account, would pay you 15 - 20% weekly........😭😂

Owoado:
You don't need to travel back to Nigeria to subscribe. The June 2023 offer has closed by the way.

You can buy via your Nigerian bank or Investment House.

Chreze:
If you are open to other options (Nigeria)

You can buy the FGN Savings Bond. You can buy from most banks I believe.

====== Info =====
Interest Payment: Payable quarterly

Redemption : Bullet repayment on the maturity date

Effective yield :
2yrs - 10.706%
3yrs - 11.789%

========

This is government bond so you are guaranteed of your returns and capital at the end. Quite short. Exchange rate is good now. You can change now. Also you can be keeping your pounds for whenever the rate goes up and just throw it in.

Anything federal government bond is guaranteed. No story. Atleast from my knowledge for so many years.

hammed71:
or you cry in secret when your children become gay or transgender without you doing anything about it due to the western government supporting them and besides she and her children have dutch passport who told you they cant move back to the west and become successful after living in Nigeria

dustydee:
Wow, thanks. But don't think this is worse than teaching kids how to pleasure themselves and how to perform such acts on each other. But agree that sometimes we are too alarmist.

Viruses:
One thing with people that don't like Christianity is that they spread the word faster.

Please go on and on.

AirBay:
What about the other holy book? Are the no sexual explicit content there?

Owoado:
lol....these are the sexually explicit contents you were referring to?

dustydee:
That's interesting. I never knew.Please share those passages with me so I can verify

Treadway:
why bible as the example, why not Qur'an?? Christianity don suffer for una hand, but some of us are picking up on the hints don't worry..lol. Christianity is the go-to for una wey wan get heart palpitations on top the religion matter. Even me gan gan at my current age, I never read Bible finish back to back, bible na ya mate ..who cares if anyone teaches their kids the nuances of 'getting their salad tossed' at-home. Ko kan aye mehn, but na inside general curriculum dem put their own. MENT.

Bye!

Treadway:
I know you're closed-off, so I don't expect you to see the handwriting on the wall bros, even if it is written in pidgin and Yoruba. Don't worry in time, even YOU will behold with your own eyes where this slippery slope leads😎

Treadway:
https://www.nairaland.com/7732928/uk-schools-teach-kids-lgbt

They don't remember that these are children now o...smh. This official, state-backed mass grooming and conditioning of underaged children is just disgusting.