₦airaland Forum

Helpout12345:
You may pay the fee with a money order, personal check, or cashier’s check.  When filing at a USCIS lockbox, you may also pay by credit card using Form G-1450, Authorization for Credit Card Transactions. If you pay by check, you must make your check payable to the U.S. Department of Homeland Security.

https://www.uscis.gov/i-140
https://www.uscis.gov/pay-with-a-credit-card

In summary, you pay with a US Bank personal check, cashier’s check, or credit cards, or a money order drawn from a US organization.

In practice, from Nigeria, if you are using an attorney, you give the government filling fee to the attorney and the attorney will use any of the acceptable forms to pay the USCIS. If you DIY from Nigeria, you will need someone in the US to help you buy money order or cashier’s check, or issue a personal US check, except you have a US bank account yourself.

Also, note from the second link attached that only US Bank issued credit cards are allowed.

Thanks. Excellent. This is very helpful

Please Help with the following question

How can one make payment for the I140 form processing from Nigeria?

Thanks

If the daughter gets healed 'miraculously' (the kind they usually share in the churches ), it would be alright to think that they got another 'donor'.
People should watch the movie "The marked heart" on Netflix.

robobo:
This would definitely be setting a bad precedent in the country.

So Unilever International being the majority holder of Unilever Nigeria can just get some ragtag shareholders together to get a court judgement to buy other minority shareholders out because the ragtag investors believe that best suited THERE own interest.

if not for the fact that SEC/NSE are already compromised they should just throw the issue out and not entertain it at all.

Like you rightly said the right thing for any shareholder that is not happy with the current state of things is to sell his shares on the floor of stock exchange and not approach a court to be bought out then also request the court to also mandate that all other minority shareholders that have nothing to do with him (and his desire) should also be bought out

It will not augur well for the stock market in Nigeria. This is impunity/sale of justice in its purest form.
If OODP of OANDO have their way, if it were to be another country, their business may be ..... to the ground o....
This is stealing from every other person that has put their hard earned money into the business over the years.

That they even considered this shows that OODP/Tinubu are less than human and no one should have nothing to do with these blood suckers. Their business should not exist any more. They are not fit to exist as business.

OODP of OANDO trying to forcefully take over other shareholders shares would be tantamount to Otedola asking court to force the other shareholders in FBNH to sell their shares to him.

If the court was presided by rational beings, they would have asked the 14 shareholders to go ahead to sell their own shares. Is that not what the stock exchange is meant for? Why joining others to your own desire to sell? Do we not have freedom to buy and sell?
If OODP want to buy more of OANDO shares, let them buy on the stock exchange!!!

Apparently, 14 minority shareholders petitioned the court asking that OANDO to buy the entire 43% shares of OANDO belonging to thousands of minority shareholders. How stupid could things really get?? And the so called court agreed. If at all the remaining thousands of shareholders agree to this forceful takeover, will they pay the highest share price that OANDO ever recorded??

The Unipolar world economic order is being tested rigorously as we speak.
At best, the world has slided to pre-90s in terms of world economic hegemony. Russia is not really perturbed by US. Their balance of trade is superb. China is solid. Even India is flexing. USA's power is eroding quickly. Britain is playing catch-up.

Welcome to the new multipolar world order. This world order will also not last long before a true New World Order emerges. This ultimate world order will not be bounded by state borders. Mankind seems to be at war.

RabbiDoracle:
On rate hike

In the past when US raises rates, it tends to draw funds out of Emerging Markets (EMs) and send them to Developed Markets (DMs). Now with US seizing afghan funds first, then Russia, everything has changed. In the past that rate hike will draw funds into US bonds as sovereigns and investors buy their bonds and invest in their stock market. Now there is fear because what happened to Russia can happen to any country. Their central banks' funds can easily be seized.

In the end, US rate hike will only blow their economy and that of EU as more people take up debts to survive and at a higher interest rate too. This rate hike will cause businesses that were once operating at low interest rate environment to be struggling with high interest rates.

And with higher commodities prices, they will be paying higher on everything because they use debt for finance their living. At a point, it blows up the consumer and US goes into depression.

And China is just using tackling-covid-cases strategy to stop sending goods to them and this will further exacerbate the inflation there as more people rush for the limited goods available. They can't survive high inflation with huge debt load plus rising interest rates.

That is why the Fed is between the wall and the wallpaper in that :

(1) they continue to hike rates, they crush the consumers the more and kill businesses. And this collapses the spending habits of ordinary Americans as they grapple with hunger, higher energy cost and social unrest.

(2) they abandon the rate hike and start to cut rates instead and give out stimulus checks again. And this will create an increased money supply further causing more rush for available goods and services (presuming that China continues to restrict the supply of goods). This causes hyperinflation in no time.

Only China has the tuber of yam and the knife in this case. US seems relegated.

"The supreme art of war is to subdue the enemy without fighting." ~Sun Tzu, The Art of War

Absolutely. The inevitable.

3 Reasons Why Countries Devalue Their Currency
By ADAM HAYES Updated July 06, 2019
With a potential outbreak of a trade war between China and the US, talks of the Chinese using currency devaluation as a strategy have been rumbling. However, the volatility and risks involved may not make it worth it this time, as China has made recent efforts to stabilize and globalize the Yuan.

In the past, the Chinese denied it, but the second largest economy in the world has time and time again been accused of devaluing its currency in order to advantage its own economy, especially by Donald Trump. The ironic thing is that for many years, the United States government had been pressuring the Chinese to devalue the Yuan, arguing that it gave them an unfair advantage in international trade and kept their prices for capital and labor artificially low.


Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved but have also rippled across the globe. If the fallout can be so widespread, why do countries devalue their currency?

KEY TAKEAWAYS
Currency devaluation involves taking measures to strategically lower the purchasing power of a nation's own currency.
Countries may pursue such a strategy to gain a competitive edge in global trade and reduce sovereign debt burdens.
Devaluation, however, can have unintended consequences that are self-defeating.
Devaluing Currency
It may seem counter-intuitive, but a strong currency is not necessarily in a nation's best interests. A weak domestic currency makes a nation's exports more competitive in global markets, and simultaneously makes imports more expensive. Higher export volumes spur economic growth, while pricey imports also have a similar effect because consumers opt for local alternatives to imported products. This improvement in the terms of trade generally translates into a lower current account deficit (or a greater current account surplus), higher employment, and faster GDP growth. The stimulative monetary policies that usually result in a weak currency also have a positive impact on the nation's capital and housing markets, which in turn boosts domestic consumption through the wealth effect.


It is worth noting that a strategic currency devaluation does not always work, and moreover may lead to a 'currency war' between nations. Competitive devaluation is a specific scenario in which one nation matches an abrupt national currency devaluation with another currency devaluation. In other words, one nation is matched by a currency devaluation of another. This occurs more frequently when both currencies have managed exchange-rate regimes rather than market-determined floating exchange rates. Even if a currency war does not break out, a country should be wary about the negatives of currency devaluation. Currency devaluation may lower productivity, since imports of capital equipment and machinery may become too expensive. Devaluation also significantly reduces the overseas purchasing power of a nation’s citizens.


Below, we look at the three top reasons why a country would pursue a policy of devaluation:

1. To Boost Exports
On a world market, goods from one country must compete with those from all other countries. Car makers in America must compete with car makers in Europe and Japan. If the value of the euro decreases against the dollar, the price of the cars sold by European manufacturers in America, in dollars, will be effectively less expensive than they were before. On the other hand, a more valuable currency make exports relatively more expensive for purchase in foreign markets.

In other words, exporters become more competitive in a global market. Exports are encouraged while imports are discouraged. There should be some caution, however, for two reasons. First, as the demand for a country's exported goods increases worldwide, the price will begin to rise, normalizing the initial effect of the devaluation. The second is that as other countries see this effect at work, they will be incentivized to devalue their own currencies in kind in a so-called "race to the bottom." This can lead to tit for tat currency wars and lead to unchecked inflation.

2. To Shrink Trade Deficits
Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive. This favors an improved balance of payments as exports increase and imports decrease, shrinking trade deficits. Persistent deficits are not uncommon today, with the United States and many other nations running persistent imbalances year after year. Economic theory, however, states that ongoing deficits are unsustainable in the long run and can lead to dangerous levels of debt which can cripple an economy. Devaluing the home currency can help correct balance of payments and reduce these deficits.


There is a potential downside to this rationale, however. Devaluation also increases the debt burden of foreign-denominated loans when priced in the home currency. This is a big problem for a developing country like India or Argentina which hold lots of dollar- and euro-denominated debt. These foreign debts become more difficult to service, reducing confidence among the people in their domestic currency.

3. To Reduce Sovereign Debt Burdens
A government may be incentivized to encourage a weak currency policy if it has a lot of government-issued sovereign debt to service on a regular basis. If debt payments are fixed, a weaker currency makes these payments effectively less expensive over time.

Take for example a government who has to pay $1 million each month in interest payments on its outstanding debts. But if that same $1 million of notional payments becomes less valuable, it will be easier to cover that interest. In our example, if the domestic currency is devalued to half of its initial value, the $1 million debt payment will only be worth $500,000 now.

Again, this tactic should be used with caution. As most countries around the globe have some debt outstanding in one form or another, a race to the bottom currency war could be initiated. This tactic will also fail if the country in question holds a large number of foreign bonds since it will make those interest payments relatively more costly.


The Bottom Line
Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts. There are, however, some negative effects of devaluations. They create uncertainty in global markets that can cause asset markets to fall or spur recessions. Countries might be tempted to enter a tit for tat currency war, devaluing their own currency back and forth in a race to the bottom. This can be a very dangerous and vicious cycle leading to much more harm than good.

Devaluing a currency, however, does not always lead to its intended benefits. Brazil is a case in point. The Brazilian real has plunged substantially since 2011, but the steep currency devaluation has been unable to offset other problems such as plunging crude oil and commodity prices, and a widening corruption scandal. As a result, the Brazilian economy has experienced sluggish growth.

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Related Terms
What Is Competitive Devaluation?
Competitive devaluation is a series of currency depreciation that nations resort to in tit-for-tat moves to gain an edge in international export markets. more
Trade War
A trade war arises when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports. more
Understanding Devaluation, the Causes, and the Downsides.
Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency, group of currencies, or standard. more
Beggar-Thy-Neighbor Definition
Beggar-thy-neighbor is a term for policies that a country enacts to address its economic woes that worsen the economic problems of other countries. more
What Is the Net Exports Formula?
A nation's net exports are the value of its total exports minus the value of its total imports. The figure also is called the balance of trade. more
Sovereign Risk
Sovereign risk is the risk that a foreign government will default on their bonds or impose foreign exchange regulations that harm FX contracts' value.

Source: Investopedia

erwinschro:
Again, One man's debts are another man's financial assets. It is the holders of the debt that suffer more than the debtors. When the US government inflates away its debt, it inflates away ALL dollar denominated debts. Think about it, if the dollar is devalued then this is fantastic news if you are owing dollars because it is easier to pay back your eurobond.

Not for nations that have payment deficit.
We still import more than we export.

RabbiDoracle:
Somehow, Yes. But countries can restructure their debts in a painful way.

But where the problem lies are with individuals in those economies that are debt based economy - those that use credit cards like the western countries. Their own will be x 10. Because as the rates on your debt increases, you enter into more debt and you go and use more debt to solve your problems. By so doing, you are in a debt spiral. And since these debts are backed by their houses or other assets, those assets get seized and force-sold. This will crash the asset prices the more.

True.
China will likely give out more dollar loans to debtor nations...in exchange for more strategic assets.

erwinschro:
The ball has to drop at some point. Credit functions in cycles, even the biggest most powerful countries can't just borrow in perpetuity there will always have to be a deleveraging at least once per century and this goes back to the beginning of money and civilization. They even used to cancel debts every 50 years in biblical times.

People are running to the dollar for safety not knowing that they may actually need safety from the dollar. When the US government needs money, it just borrows it into existence (like all countries do) and promises to pay it back + interest. If you borrow the first dollar into existence and promise to pay it back + interest, where do you get the second dollar? It has to also be borrowed into existence. The whole system can only work if the debts continue rising forever. Many people will argue that this is by design and its just how economies work. In reality, economies have only worked like this since Richard Nixon got rid of the gold standard 50 years ago. There is a 100% failure rate of fiat currencies throughout history, but never has the world's reserve currency been fiat.

The real crisis is that in those same 50 years the US has been operating with a trade deficit, buying more from the rest of the world than they have been selling and paying for these goods with US dollars that they borrowed into existence. This system doesn't collapse because countries don't actually convert their dollars back to their own currencies because it would cause them to appreciate and make their exports uncompetitive. So what do they do? They loan that same money they were paid for their goods right back to the US government by buying those same bonds! This is the true luxury of being a superpower.

Now inflation is high in the US and they are facing the classic issue. The level of inflation adjusted interest rates that is low enough to save debtors from bankruptcy is below the level required for creditors to hold the debt as a viable storehold of wealth, devaluation is the only option - in fact its an inevitability. I suggest you read (or watch) Principles for dealing with the changing world order by Ray Dalio the largest hedge fund manager in the world.

As RabbiDoracle has stated, there will actually be a wealth effect in emerging markets because compared to the rest of the world we hold comparatively fewer US government bonds

For debtors countries (in dollars), there case will likely be worse.

It would be interesting to see FCMB & WEMA merger. Would it not?

veecovee:
Thank you all for the condolences.

Sorry no dey heal wound but it get wetin it dey do.

May the Lord direct you all to the right investments IJN

Hope you are holding up well. God bless you sir.

Yoast:
So sorry my brother for your loss. May the soul of the departed continue to rest in peace. Amen.

Hope you are holding up well.
God bless you ��.

Page 6666

Expect Something Huge

Cultistupdate:
This is the full story
Remember I had warned u guys 10 days ago who are members to run from Abeokuta immediately.

https://www.nairaland.com/7034839/blackaxe-eiye-abeokuta-enter-night

Because that was when the clash started



https://www.youtube.com/watch?v=OdC9oranDZ0

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Cultistupdate2:
As the cult war between Blackaxe and Eiye intensifies in Shagamu Ogun state. Follow the story

https://www.nairaland.com/7049391/full-story-tommy-popular-area

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Cultistupdate:
This one is another war o. Not the Blackaxe vs Eiye this one is Blackaxe vs Buccaneer in Ijoko Ogun State.

So this is what happened.

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Vidamia:
This guy was just killed now a at IBD hotel junction ilaro Ogun state

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

austinkenneth:
After these relaeases, It wouldn't be strange to see the price at N2.00

Let those who have the releases please share them with us.

locodemy:
There is one stock.This stock has really dealt with some top ogas here.Some went on exile till today because of what the stock did to them in the past.This stock lacks good corporate governance because of bad mgt.

This stock is set to deliver in price action but the results are nowhere to be found for over 2 yrs now due to the issue it's having with the regulators.

I am here to announce to our members to get ready for sharp rise.Infact the stock may deliver close to 500% if not more than.

With all these expressions, the stock is decoded.Soon we gonna see if I am right or wrong.

The cowboys at the helms of affairs are getting ready to take it to 1000%.

The Chinese probably killed two of them and retained one head in the freezer in order to frame up the other guy.

DropsMic:
Fun fact. Most African Countries first Japan et China get Train technology.. But today na them dey construct trains for us.

Africans didn't get the train technology.
European built some rail lines in Africa for transporting minerals and products

MERRY CHRISTMAS, MY PEOPLE

A few million shares I have in Nestlé is making me �

I am prepared to see elephant at around kilomina twenchy twenchy

77 million units bids now .

I just opened page 6500.
A small gifts for y'all

YES TO GOOD.

Shalalalalal

Hello everyone.

The market rain maker is now ready to start work.

He was lucky to have regained his sense. In some cases, he would sell his properties and give as special thanksgiving offering.

emmanuelewumi:
Imagine someone got a total severance package of about N40 million and had to ask his Pastor to pray over the sum and reveal the business he should invest in.

By the time he regained his sense after 18 months, he had sown seeds and given offering worth over N25 million into the kingdom's business.

Assuming he had been Investing before he was retired he would have known what to do with the money