₦airaland Forum

Kindly share the reference.

jamace:
Fellow investors, let's ease tension with these FUNNY DEFINITIONS OF SOME FINANCIAL TERMS.

Advertisement: A tool used by business to get money out of people that don't have it, for something that they don't need.

Alimony: Two persons mistake paid by one.

Auditor: Person that arrives after battle to finish off the wounded.

Bank: A place that will lend you money only when you don't need it.

Bear Market: Eight months when the kids get no allowance, the wife gets no jewelry and the husband gets no s3x.

Broker: The person that you trust with thousands of your hard earned dollars. Hello!

Broker: What my broker has made me.

Broker: Poorer than you were last year.

Budget: Written proof that you can't afford the things you want.

Bull Market: A random market movement causing an investor to mistake himself for a financial genius.

Cash Flow: The movement your money makes as it disappears down the toilet.

CEO: Chief embezzlement officer.

CFO: Chief fraud officer.

Day Trader: A more socially acceptable gambling addict.

Discounted Stock: A stock that is less expensive than last month and more expensive than it will be next month.

EBIT: Earnings before irregularities and tampering.

EBITDA: Earnings before I tricked the dumb auditor.

EPS: Eventual prison sentence.

FRS: Fantasy reporting standards.

Institutional Investor: Past year investor who is now locked up in a mental institute.

Market Correction: The day after you buy stocks.

Momentum Investing: The fine art of buying high and selling low.

P/E Ratio: The percentage of investors wetting their pants as the market keeps crashing.

Profit: A man that prays to God.

Standard and Poor (S&P): Your life in a nutshell.

Stock Analyst: Idiot who just downgraded your stock.

Stock Market Correction: The term your broker uses for a stock market crash.

Stock Split: When your former wife and her lawyer split all your assets equally between themselves.

Value Investing: The art of buying low and selling lower.

Hope you enjoyed the fun?

Keep on investing, any way.

clayfounder:
Congratulations on your visa! If you are selling or giving away any of your properties or household appliances before you travel, please let me know as I am interested.God bless!

Abeg o!!! Its just a Temporary Residence Visa ( aka Tourist Visa) not a Permanent Residence Visa. There are no plans at all, to relocate based on it. Thanks for the wishes.

Jeboy:
Big congrats.

Do you mean shares statement from CSCS in number 2?

Thanks. Yes, I mean the CSCS Statement of Shareholdings.

Sultty:
congratulations bro. I pray i will find favour too

Thanks. Wishing you all the best.

naivasha:
Congratulations!

I'm a bit surprised it took this long. Did you have the valid 5yr US visa at the time of application?

Yes, I uploaded the valid US visa while completing the application. It is worth stating that this is my 1st application. Also, I've had past refusals from US and UK and all the refusals were declared.Perhaps. thats what delayed the application.

Thanks.

Sholzyy:
Congratulations 👏🏽🎉🍾

Who them for give if no be you? With those visas?😁
You suppose sue them for taking this long self lol

VISA ALERT!!!!

Timeline:

July 2, 2024- Submitted Application online.
July 8, 2024- Submitted Biometrics at the VAC.
December 12, 2024- Received Emails on Biometrics Validity and request to submit passport.

Decision:

Tourist Visa issued till end of validity of 10-year passport.

Documents Submitted:

1. Letter of Introduction from Employer
2. CSCS Statement of Account
3. Scanned pages of passports showing Travel History ( Copies of expired 5-yr UK Visa, expired 3-Month Schengen Visa, valid 10-year Uk Visa valid 5-yr US Visa and entry/exit stamps from Rwanda/Ghana/UAE)

Well, the majority shareholder got their way as the transaction was approved at 86. Its a sad one.

Sunrisepebble:
ahn ahn, I think 100 is fair

N86.00 per scheme share.

Sunrisepebble:
What has it increased to ? Or is that just the conclusion from the 10% gain

Thanks.

donteebalo:
Congratulations, you submitted an intimidating supporting document 😀😀😀

VISA ALERT!!!!

Documents Submitted:

1. Payslips
2. Letter of Introduction from Employer
3a. Bank Statement indicating payment of salaries ( highlighted the credit entries denoting the salaries before uploading the statement)
3b. Bank Statement indicating payment of dividend (Printed out Statement of Account from January, 2023 till time of submission of
application, and highlighted the credit entries denoting the dividends before uploading the statement)
4. CSCS Statement of Account
5. Print-out of Hotel Reservation
6. Travel History ( Copies of expired 5-yr UK Visa, expired 3-Month Schengen Visa, valid US Visa and entry/exit stamps from Rwanda/Ghana/UAE)

Timeline:

May 13, 2024- Dropped Passport at TLS and had my biometrics taken. Application transferred to Decision Making Centre same day.
May 16, 2024- Received Email from gov.uk that that my application has been received and is awaiting consideration.
May 23, 2024- Received Email that passport is ready for collection.

Decision:

10-year multiple entry tourist visa issued.

Location: Abuja
Transcript of 221g Interview:
Me: Good Morning.
VO: Good Morning. Please pass your passport.

VO: Have you been to the US before?
Me: No.

VO: Why didn’t you use your last visa?
Me: The pandemic happened after the visa was issued and I shelved travel plans since my trip was
non-essential. (I rambled a bit, but I guess the message was passed across)

VO: Where are you going to in the US?
Me: Houston, Texas

VO: How long do you plan staying?
Me: ten days

VO: Are you married?
Me: No. I’m single.

VO: Do you have children?
Me: No

VO: Do you have family in the US?
Me: No. All my immediate family are here.

VO: Where do you work?
Me: xxxxx ( a firm under Federal Ministry of Petroleum Resources)

VO: How long have you worked there?
Me: 10 years and 10 months

VO: Which city were you born?
Me: A*** ( I gave my state of origin as answer instead of the name of the state where I was born)

VO: ***looks at me in surprise****

Me: *****Instantly realised I made a mistake and immediately provided the correct answer****
I was born in A***** but my state of origin is A*****. I’m sorry about the mix-up.
( Side Story- during my last visa application process, I had to undergo Administrative Processing
and provide answer to a lot of personal questions. I guess she asked the question to check
whether I had been telling the truth all along. )

VO:***** Smiles. Then types for less than one minute.*****
Your visa has been approved. You can pick it up in one week.
Me: Thank you.

Outcome: Received passport within a week. 5-year B1/B2 Visa affixed to passport.

A 221g interview is a follow-up interview at the US Embassy.

For applicants who qualify for interview waiver; according to the US Consular Services, sometimes the CO reviewing the application does not have sufficient information to assess the applicant and complete the adjudication process. It could also be that concerns have been raised from the information in the application, usage of previous visa(s) etc.

So, apparently in the interest of "fairness", the visa application is temporarily put on hold and the applicant is told to schedule a follow-up interview which is called a 221g interview.

mane48:
which again is 221g interview

Hi.
The interview went well. Well, my 221g Letter from the Embassy did not state any reason. Also, the CO asked a lot of questions during the interview so I can't really pinpoint the reason for the follow-up interview.

Hurdun01:
Hello, I have a 221g interview scheduled for next month in Abuja as well… I’d like to know how your interview went and on what ground (reasons) were you asked to schedule an appointment. Mine is correct bio data and validity of passport. Thanks

Safetysmile:
Hello Nairalanders, pls I got busy and gave up on follow up interview. Surprisingly, I checked after months and got a date. Kindly assist with information about "221G" interview:
1. What are the documents I am expected to carry along besides my certificates.
2. Is there any successful transcript of follow up interviews here
3. Or what are the likely expected questions
4. How do I print out my DS160, its showing refused as I tried to print?

Good Day.

My advice is that even though you are going for a "221g" Interview, prepare as if you are going for a normal interview.

This means you should come with 2 passport photographs, DS-160 Confirmation Page, Evidence of payment of Visa Application Fee, Appointment Confirmation Letter and the Letter from US Embassy advising you to schedule a 221g interview. Please ensure that you come with all these, as I witnessed people being turned back at the gate for not having one document or the other.

Likely questions? It depends on the reason why you were asked to schedule a 221g interview in the first place. Try and go through your application again and check if there were any "weak spots" that led to this situation. As I said earlier, even though its a 221g interview, prepare as if its a normal interview.

Hope this helps.

PS:
I did my 221g interview today at Abuja and I'll share my transcript later, in shaa Allah.

Thank you for pointing it out.
It was an inadvertent omission from the List. Indeed, Evidence of Hotel Reservation was submitted alongside the application.

Candybright:
Congratulations
You didnt have hotel reservations?

Thanks.

meljoe:
Congrats

Thanks.

pufframmy:
wow congratulation u have best travel history

Good Day Everyone.

Submission of supporting documents and biometrics- 15/07/2022
Transfer of Application from VFS Global to French Embassy- 18/07/2022
Return of Passport from French Embassy to VFS Global- 22/07/2022

Result: 3-Month, Multiple Entry Visa

Supporting Documents submitted:

1.) Valid and Expired Passport ( with valid 5-year UK Visa Sticker, and expired UK, USA and Schengen Visa Stickers)
2.) Coloured photocopy of Letter of Employment and Work ID Card.
3.) Payslips for 3 Months
4.) Bank Account Statements ( one for salary account showing payment of salary as stated on the payslips, and the other is a US$ domiciliary
account showing $**** in savings for a 6-month period.
5.) CSCS Statement of Stock Holding ( Note, if you want to use your shareholdings in publicly quoted companies as evidence of your ties to
Nigeria in your application, I recommend tallking with your Stockbroker to get the statement issued by
CSCS on their Letterhead. CSCS no longer attends to individual investors for such request)
6.) Flight reservation
7.) Travel Insurance
8.) Cover Letter
9.) Completed Application Form with attached Passport Photograph.

Uchetoba:
SOME BENEFITS OF BUYING UACN NOW.

Assuming one buys 1million shares of UACN @ N9, the total cost will be N9,000,000 + N180,000 (max. Comm.) = N9,180,000.

After the Unbundling of UPDC & UPDC REIT, the person will have
6,000,000 shares of UPDC x N0.80 = 4,800,000
500,000 shares of UPDC REIT x N3.5 = 1,750,000
1,000,000 shares of UACN X N9 = N9,000,000

When you add them together = N15,550,000.

Just from the unbundling alone I did not add the dividend that will come from UACN, the final and the interim dividend that is yet to be declared by UPDC REIT. Neither did I put into consideration the Capital Appreciations that will follow UACN & UPDC REIT before and after the unbundling.

All these benefits just within the next 4 months.

A Stitching Time Saves Nine

Okay.But wouldn't the share price of UACN be marked down after the unbundling?

Godlylifeoneart:
Tha sad news of the day.
The retired General has appointed a Malo to head the M. Uduak transformed SEC.
I hope we are not back to square zero.


https://punchng.com/buhari--senate-to-confirm-lamido-yuguda-as-sec-dg/

Kindly explain what you mean by "Malo". We should refrain from using derogatory terms to describe others from ethnicities different from ours as it does no one any good and has led us nowhere as a nation.

Good Day

Please find below, my thoughts on the matter.

1. Is the Return on Investment adjusted for inflation? Aside dividends, it should be noted that other forms of return include share price appreciation and bonus shares.
2. The entry price of a share directly impacts the dividend yield. Therefore, it pays to invest in fundamentally sound companies at appropriate prices.
3. Before considering diversification as a risk management strategy for your portfolio, pay attention to screening potential candidates for investment. What is the quality(fundamentals) of the company? Is the company well managed? This is necessary to get an idea of the earnings prospects of the company.
4. If the company is fundamentally sound, do further research to determine an appropriate entry price. A good company may not be a good investment if you buy its shares at a high price. To be honest, this is not as easy as it sounds because we’re human and prone to mistakes.
5. If you don’t mind, please read the following books for further insights:
• One Up on Wall Street by Peter Lynch
• How to pick stocks like Warren Buffet by Timothy Vick
6. Whatever strategy you decide to adopt, please do your homework before committing your funds in the market, as has been stated several times here. The Nigerian Capital Market is still developing and mechanisms for protecting investors from unscrupulous companies are not fully in place.

Hope you find this post useful.

RichEstate:
Pa Emma, Mcy and other senior colleagues, please can you give me contrary opinion to the attached projection.

The focus is majorly on dividend plough back. The end result might be different but is it worth trying?

RECAP:. Did my B1\B2 visa interview in January,2019.At the end, the VO informed me that my application needs to undergo Administrative Processing and the embassy will send me a form (DS-5535) via email,which I should fill and send back to them. The email came a month later.I did as instructed and the wait began. Last week,I missed a call from the embassy and called back without success.Checked my inbox to see a mail from them asking me to come for a follow-up interview before this week ends. So, I went for the interview today. Below is the transcript VO:Good morning, welcome to the US Embassy.
Me:Good Morning***passes passport to her*** VO:Aside the timing for your trip, has anything changed since the last time you came here? Me:No. VO: You're going to Houston? Me: Yes. VO:When would you like to go? Me:September VO: How long will you stay? Me: 1 week. VO: Why Houston? Me: My colleagues go there often and I would like to see things for myself. VO: Do you have family in the US?
Me:No VO: You'll be staying in a hotel? Me:Yes.
VO:How much do you earn? Me: N730k. VO: Are you married? Me:No.
VO:How come?***laughs*** Me: I'm still searching for the right person I guess.
VO:you work in *******?(an agency in Federal Ministry of Petroleum Resources) Me:yes VO: And you've been there since 20** ? Me:Yes VO:***picks passport,flips through while naming the stamps, used and valid visas*** VO:I see you have an unused UK visa.When do you plan going to the UK? Me: probably in September. VO:okay.everything looks good.pick up your passport in 3-4 days. Me: Quick question.Is it compulsory I travel in September? VO:You want to visit Houston in the fall.A slip of 1-2 months from your stated travel date is okay.However, we prefer that you arrive at your stated destination in US and spend the stated time for the visit in your application.You need to establish credibility of your intent.Am I clear? Me: Yes Coincidentally, the same pleasant lady that interviewed me earlier in the year also did today's interview.Hope things go smoothly from here.

Nothing yet.

yusaaj:
@ TheAristocrat. Any updates on your profile... no updates from my side ooo

Hello Everyone. Timeline of Application: Completed Application- 4th February, 2019. Biometric and Supporting Documents submission- 19th February, 2019. Application transferred to UKVI- 19th February, 2019 Received email from TLSContact about Decision being made-26th February,2019. Passport returned via courier- 27th February, 2019 Outcome: Successful. 5-year tourist visa granted. Documents submitted: 1.First page of completed application. 2.Documents checklist. 3.Letter of Introduction from employer. 4.Leave Letter. 5.Six month payslips. 6.Statement of Account showing salaries and other allowances highlighted. 7.Statement of Account showing dividends from shares in public companies highlighted. 8.CSCS Statement of Shareholdings. 9.Print-out of booking confirmation. Side Notes- 1. Prior travel history includes visits to UAE, UK and France for business and pleasure. 2.Validity of previous UK Visa was 6 months. 3.Declared previous UK and US Visa refusals in addition to adequate explanations for the refusals. 4. Explained credits into salary account in the body of the application.Had significant cash lodgement into same account in January.submitted evidence depicting source of the money. 5. Declared dividends as income from shares in quoted companies in application to boost my disposable income and possibly serve as financial ties to Nigeria.Hence, reason for submission of 2nd SOA. 6.Used Priority Visa Service.

Well, thanks.****fingers crossed****

Mizwisdom:
Congratulations in advance. N730 per month is someone's annual salary that's a good one, I wonder why you were refused last year

Yes, I'm a muslim.The training was essentially a 3-month certification programme organized by IFP in France.

OmoBendel24:
Wow! Congrats to you both first.

DS-5535; one is a Chemical Engineer who last year attended a company sponsored training (on what too if I may ask please?), the other (maybe an Engineer related to chemicals or nukes or technology too) wants to attend a conference on “Technology” and Management. If both happen to be Muslims, I don’t think we will exactly be wrong to postulate that the profiling has likely gone a notch higher lately....

I'm sorry it's difficult to read.typed with my phone.

TheAristocrat:
Hello everyone.I went for my B1/B2 Visa interview today at Abuja. Below is the transcript. CO:Good morning. Me:Good morning. CO: So you're going to Houston? Me: Yes. CO:Why? Me: Vacation.I'll be on leave in April. CO: Which countries have you been to? Me: France and UAE for business, UK for vacation. CO: When was the last time you left Nigeria? Me: Left June 2018 and returned September 2018. CO: Why the long duration? Me: I attended a training sponsored by my company CO: You were denied US Visa in 2018? Me: Yes, in January 2018. CO: Why? Me: I couldn't convince the CO of my ties to Nigeria at the time. CO: How much do you earn? Me: N730,000.00. CO: What do you do? Me: I am a chemical engineer with ****( an agency under Ministry of Petroleum Resources.) CO: How long will you be in the USA? Me: 1 week. CO: What would you be doing? Me: I plan visiting museums in the Museum district, Hermann's park and downtown Aquarium. CO: Your application will undergo administrative processing and your passport will be returned to you.You will get an email from us this afternoon.Please fill the attachment and return.
****hands me my passport and a yellow form with notifying me to fill the DS5535 form.****? Side comment: The CO was pleasant,polite and patient unlike my first interview.Maybe its because I was better prepared.Thanks to everyone who posted their transcripts.

Hello everyone.I went for my B1/B2 Visa interview today at Abuja. Below is the transcript. CO:Good morning. Me:Good morning. CO: So you're going to Houston? Me: Yes. CO:Why? Me: Vacation.I'll be on leave in April. CO: Which countries have you been to? Me: France and UAE for business, UK for vacation. CO: When was the last time you left Nigeria? Me: Left June 2018 and returned September 2018. CO: Why the long duration? Me: I attended a training sponsored by my company CO: You were denied US Visa in 2018? Me: Yes, in January 2018. CO: Why? Me: I couldn't convince the CO of my ties to Nigeria at the time. CO: How much do you earn? Me: N730,000.00. CO: What do you do? Me: I am a chemical engineer with ****( an agency under Ministry of Petroleum Resources.) CO: How long will you be in the USA? Me: 1 week. CO: What would you be doing? Me: I plan visiting museums in the Museum district, Hermann's park and downtown Aquarium. CO: Your application will undergo administrative processing and your passport will be returned to you.You will get an email from us this afternoon.Please fill the attachment and return.
****hands me my passport and a yellow form with notifying me to fill the DS5535 form.****? Side comment: The CO was pleasant,polite and patient unlike my first interview.Maybe its because I was better prepared.Thanks to everyone who posted their transcripts.

Hello everyone.Sadly my visa application was denied today at the Abuja consulate. Below is my transcript. VO: Pass me your passport. Me: Hands it over to her. VO: So why are you going to Houston? Me: I will be on leave in April and plan to spend part of it as vacation. VO: What's your occupation? Me: I'm a Chemical Engineer with ****(An agency under Ministry of Petroleum Resources. VO: How much do you earn?Me:N720K comprising my salary and other allowances earned. I also earn N1.2m as dividend.....(VO cuts in,wanted to explain that the 1.2m was dividend from my investment in shares. VO: How long have you worked with ****?Me:Six years,this August. VO: Have you travelled outside Nigeria before? Me: I have been to the UAE twice. VO: Are you married? Me: No. VO: Unfortunately..........(hands me my passport and the refusal notice). Note: It was my first application. I also have a valid UK visa though I honestly can't remember if the VO checked the passport. So thank you everyone for your contributions to the thread. They were really helpful. Apologies if this is tedious to read, I used a phone to type.

Hello Everyone,

1st Application:

Reason for application:To attend a company sponsored training.

Biometrics captured on 5th October, 2017 and application received by UKVI on 6th October, 2017.(paid for priority visa)

TLS sent a decision mail on 13th October, 2017 and received passport on 16th October,2017(paid for delivery by courier).

Decision & reason: Refusal. UKVI stated that they could not ascertain if the company I stated in my application as sponsor for the trip was capable of funding it.

Note: My employer made arrangements with the company based in the UK to handle the training and all associated expenses and then be reimbursed. Based on that, the company sent a Letter of Invitation clearly stating the purpose of visit and that they will be fully responsible for all expenses incurred during the trip.

2nd Application:

Reason for application:Tourism.

Biometrics captured on 28th November, 2017 and application received by UKVI same day.(paid for priority visa)

Received mail from UKVI on 30th November, 2017 stating that processing of my application has not been straightforward and advising that projected timeline for assessment of the application may not be met.

TLS sent a decision mail on 7th December, 2017 and received passport on 8th December,2017(paid for delivery by courier).

Decision: 6-month visa granted.

This is to thank everyone on the thread.

Your contributions were helpful and are appreciated.