What is the meaning of this rubbish for God sake.
Don't they know more than tax tax tax? Why taxing your economy to death for God sake.
Increasing tax rate not by 10-20% rather 800% makes no economic sense.
Presently going from Lagos to Ph is around 150k one way, then how much will it increase to?
Why making flight a luxury for just only the rich for God sake.
I can't even stomach spending around 300k to and fro to PH when I can just quietly use road that won't cost more than 50k and I can save a whooping 250k to feed my family for close to a month
I guess this is the reason they have been dragging legs to connect rails nationwide because it will kill the over expensive air transport naturally.
Lagos to Ibadan by tran is 6k already, Ibadan to ilorin should be another 6k, patapata to abuja maybe 25k that will be roughly 6 hours transit.

WritterNg:
⚡The organizer of the 2024 Paris Olympics with all of it’s satanic, masonic & LGBTQ imagery is jewish.

Is everyone actually jew?
This one jew, that one jew etc.
It looks as if Europe is virtually jew people, just like fulanis in west Africa.
From Senegal down to Cameron, you have fulanis settlement throughout, it looks like jew are the international fulanis with tentacles throughout Europe, Middle East and America

Vic2023:
‼️BREAKING‼️

The #IDF informed the #Israel|i government, it is ready for a large ground operation in #Lebanon.

“The army informed the political leadership that preparations for a large ground maneuver in Lebanon are complete.” - Israeli Broadcasting Authority.
Israeli Air Force Commander says Israel is ready for 'total war' with Hezbollah – Kann News

Like I wrote weeks back, isreal is waiting for a greenlight from US before starting the Lebanon war because without US greenlight and support, they will be floored in Lebanon.
The question right now is that has Russia given the US the go ahead to invade Lebanon without attacking US carriers and bombers?

Vic2023:
🇺🇦 Big privatization is back: Ukraine is selling off more state-owned companies to replenish the treasury

It is planned to privatize five real estate and industrial properties, said the head of the Verkhovna Rada's financial committee Daniil Getmantsev.

✔️ We are talking aboutUnited Mining and Chemical Company - the largest manufacturer for the extraction and enrichment of titanium ores, as well as developer of titanium and zirconium deposits LLC Demurinsky GOK.

❗️ The leading manufacturer of aerated concrete productsAerok LLC will also go under the hammer this fall. In addition, theUkraine Hotelin Kyiv (for 1.05 billion hryvnia) and theOcean Plaza shopping center will be privatized.

📝 “Great privatization is being resumed in Ukraine,” Getmantsev noted.

Zelensky is the most useless leader Ukraine as ever had.
He has literarily sold Ukraine lands and properties to his financiers in this war.
A war that he shouldn't have started in the first place.
After the war, Ukraine will be paying for years if not generations to her western masters and just so they can justify and balance their books, all of a sudden, there is an $8b dollars extra they just found when doing accounting and auditing of money spent on Ukraine, so Al of a sudden, they have $8b from nowhere to keep spending on the war since they can draw it out from their budget without affecting it or from the US bank account that is already running on negative.

emmanuelewumi:



United Capital is Asset backed, you borrow against your mutual fund investments to use the fund as you please either for your business, stock. Purchase etc


FSDH is margin loan, you borrow against your shares and bonds to strictly buy more shares and other financial assets

Duration for United Capital is 6 months with the option to rollover. During this 6 months you are not affected by upward review of interest rates by CBN. But when your loan matures and you wish to rollover your interest rate will be reviewed.


Duration for FSDH is 3 months with the option to rollover. During this period you are not affected by upward review of interest rate by CBN. Unless there is 2 consecutive upward reviews by CBN and you will be given 2 weeks notice to pay up or you accept the new interest rate

Okay, well copied.
Thanks very much

emmanuelewumi:



Better you asked here. Other people can learn.


Please note that you will pay a rollover fee of 1% on the outstanding loan balance.


In the example given earlier you will pay a rollover fee of 9k on the outstanding loan of 900k


It is only FSDH Capital that does not charge rollover fees

Okay, well noted.
Doest FSDH also accept dollar fund as a collateral like ucap? because i prefer that against devaluation compared to naira MMF as collateral with Stanbic

emmasoft:


I think @emmaodet, the usage of the term direct settlement/payment is not correctly applied. For any investor that opts for direct payment of sales proceeds, it can't go through your trading account it's sent to CSCS who will credit you after 3 days of your stock sales.

The fact that you didn't get your proceeds in your trading account, means you are currently on a direct settlement option.
You will need to opt out of it by completing the form and indicating your desired option.

Based on your first post, you explained the opposite of what you preferred.

Okay bro.
Thanks very much.
I will mail them to opt me out from the direct settlement then.

emmanuelewumi:



You rollover after 6 months provided you have paid at least the accumulated interest on the loan.


Assuming you got a loan of N1 million at 26% for 6 months.

Your accumulated interest after 6 months is 160k. If you paid 260k at maturity, that means you have liquidated your interest of 160k and paid down 100k from the principal.

You can then rollover 900k for another 6 months .


You continue to rollover for the next 3 years provided you are servicing the interest

Perfect.

This is very clear.
This is what i wanted to ask you privately before.
Thanks

chimex38:

The 3 days delay is actually a process from CSCS and not a delay from the brokers.
The CSCS are incharge of direct cash settlement(DCS) of crediting your bank account directly not the brokerage firms.
Hence I believe the 3days is that way across all brokers.

I know bro but i do sell my shares on Ucap and my ucap account is credited almost instantly to allow me but another shares instantly.

emmanuelewumi:




That is if you want to be paid before the trade settles.

You are not expected to pay anything if you want your money after settlement which is 72 hours after the trade

Also, i tried getting a loan from ucap microfinance but they gave a tenure of just only 6 months. Virtually all the bankss are giving short loans of max 1 year and not 3-5 years loan. How did you solved this problem bro?
Stanbic smart loan is just 18 months too

emmanuelewumi:




That is if you want to be paid before the trade settles.

You are not expected to pay anything if you want your money after settlement which is 72 hours after the trade

Okay bro, Thanks but then, does it meant Investment-One don't operate direct settlement to my stock broking account instantly? instead of waiting for 3 days after every transaction.
I opted out from the direct settlement so that i can be selling and buying stocks almost instantly rather than missing out from a trade due to 3 days delay

@emmasoft

Kindly shed more light on this picture below.
I submitted a direct settlement form from Investment-One and now they replied me that i am not profiled for that and would be charged a whooping 26% of my withdrawal per annum or 5,000 per transaction.
I hope this is not a daylight robbery.

Mankind2024:
Nigeria’s CAC gives 90-day ultimatum for over 91,000 dormant companies to file annual returns
https://nairametrics.com/2024/07/24/nigerias-cac-gives-90-day-ultimatum-for-over-91000-dormant-companies-to-file-annual-returns/

*****Aggressive revenue*******
CGT REVIEW IS IMMINENT

Hello bro, thanks for last reply.

Kindly see my calculations below.
My calculated P/E ratio doesn't tally with most reports i see online.
Please compare the values i used with the company released one.

thanks.

emmanuelewumi:



Better to deal with a Trustee for that and not a stockbroker.

The Trust is regulated by SEC

Exactly.
A Trustee

gamaliel9:
My bosses,I am beginning to like some terms these days like FAMILY BANK, FAMILY TRUST, FAMILY OFFICE....

Teach me...i want to learn how these can work here in Nigeria[ minimum capital to start,how to set it up,companies that can do it] Most Africans have sole-proprietorship mentality but with a nuclear family culture. So, wealth is rarely passed to the next generation, to the fourth generation is unthinkable. Writing wills has its problems too[ one guy takes his own share, sells it, and continues to smoke ganja -The Bible said fool and his money soon part ways. I WANT A SITUATION WHEREBY NO ONE IN THE FAMILY SELLS NOTHING... ONLY BUYING AND ADDING ON EXISTING ASSETS AND PROFITS OR DIVIDENDS ARE SHARED AT THE END OF THE YEAR...To the next generation,,,to the next generation.....i love my family thats why i want a generational wealth for her

I BELIEVE WE HAVE EXPERIENCED FINANCE EXPERTS HERE, PA EMMA and co. Please, no dm me ooooo. Share all knowledge here please

YA GAZIERE ANYI OOOO

I think what you are looking for is a trust fund.
Many stock broking firms are doing it.
Managing the funds in the trust for you with instructions on how release the profits - share all to beneficiaries or just share the dividends only

megawealth01:
Nigeria’s Foreign Reserved Reserves Reaches $34.7 Billion

https://punchng.com/nigerias-fx-reserves-hit-34-7bn/?utm_source=telegram&utm_medium=social#google_vignette

For a country of over 200m people, this is a poor savings.
It can be used up within 2 months of forex demand if they are to attend to everyone's request.
While countries like Saudi, UAE, Qatar, morroco, Algeria have close to a trillion reserve or more, Nigeria is still dancing around 35b USD. They are even so greedy to allow it to climb to just a meagre $50b

Mankind2024:
It still seems strange to me that people consider sharing a screenshot of their portfolio to be unusual. The app I use for NYSE automatically displays the portfolios of any investors I follow or like, similarly on E-toro that restrict Nigerians to CFD/trade accounts. Any securities instrument clicked on will show people's portfolios and market beaters sharing their experiences on how they outperformed the market. I don't feel guilty sharing my portfolio on a faceless forum. I will share my portfolio the day I reach N300M in NGX and $100K in NYSE to motivate others. Investment analysis goes beyond just TA/FA dichotomy. My mission is to inspire and motivate people.

Bro, pls which app or site do you use to analyze Nigeria stocks?
I mean the one that will give the correct balance sheet, income statement figures and use it to calculate for P/E, PBV etc because invest.com and tradeview.com are always giving wrong figures different from the company's financial statements

Please house, i noticed there is always a discrepancy between figures i see online for stock report analysis by some sites like tradeview, invest.com and others compared to what the company actually reported.
See attached below.
Picture 1 from website and Picture 2 a snipet of Access bank report for FY 2023.
The figures don't tally

Alamkir:


Pls does anyone know When Isreal will invade Lebanon? I have been waiting since.

When the US gives the greenlight but for now, the US can't because she fears her Carrier ships would be targeted by Russian missiles as retaliation.
Until US gets the firm greenlight from Russia they won't strike their carrier ships, the US won't give Isreal the greenlight to invade

nosa2:


Nothings do you my guy



Hope she found a way to move her $45

Chaii

Jacksonkatie:


Oh, good. I have a letter of sponsorship from my employer. Also, I have a copy of my appointment letter that show my salary. Will that do?

It is

Jacksonkatie:


Thanks for your response. Do I need to go with statement of account of my employers?

They won't even check it.
They just want to know your purpose of traveling, monthly salary to see if you worth traveling and will come back and travel history.
Attestation letter from company will help too

TouchNfollow:
Ofcourse.....Nigeria is already unrecognisable within a year.

WriteerNg:
⚡The General Staff of the Israel Defense Forces is reportedly urging Israeli Political Leadership, including Prime Minister Benjamin Netanyahu, towards discussions of a Total Halt in Ground Operations soon within the Gaza Strip, with Top Military Officials believing a Halt is needed to allow Israeli Forces to Recuperate before an Imminent Invasion of Southern Lebanon and possible Full-Scale War with Hezbollah.

This is exactly my point.
The plan of Iran and Hezbollah is to take the heat off hamas so that they can recoup and they take some because under normal condition, isreal has a edge over Hezbollah

0neal:


Good morning Sir Emma
Please check your mail, I sent you a message 🙏

Hello bro.
Have checked and read your mail.
I will think about it and get back to you by mail

nodetest:
Thanks for the response. Did you get any email or tracking number? I submitted via DHL and it was delivered on Friday morning but till now I haven't gotten any confirmation or feedback.

Was it like that for you?

Yes, I always receive regular alerts on my mail regarding the progress of my submitted passport.
I think you should too.

b4biodun:
Greetings to all the gurus in the house. I urgently need your assistance as Im trying to apply ( study visa) for my 3 children (ages 13,12 & cool but the forms on ircc is a little bit confusing especially form imm 5257 .Please, i need assistance of those that knows how i can go about.I created an account using the gckey

I think the student visa thread is the best for that and not visit visa thread

House34:


No, you can attach ur office letter, promotion letter to that spot it does not matter anywhere ur office is located..even u can merge document together to create more room to upload additional document .the visa officer will view it as a single long form all merge together by ircc software. Have done that when applying for friends and family and it ok

You are right.
I applied using my company's letter head and address in Mauritius and I was given.
So he should upload his company attestation and letter head

nodetest:



Congratulations. When did you submit your passport and when did you get it back? How long did it take?

I submitted last week Thursday and ready on Monday but picked it up yesterday

Kossyfelicia:
ok. Thanks, her statement of account she gave me is 7k$ in her union bank municipal. Will it fly??

I just got my canada visit visa and will advise you not to use your sister account statement as POF.
Who sponsors a family for vacation? it looks somehow and not convincing.
If it is study, it is understandable but for holiday? it looks somehow.
Try and raise your account to 5,000 Canadian dollars equivalent as a minimum.
If possible, why not build your travel history a bit maybe to south africa or morroco first.
From the look of things, chances are high you won't come back so prove them wrong.
3 things to consider -

- Travel histroy
- monthly income
- Nature or work or company you work for.

Submission of application: May 30, 2024
Biometrics email received: May 31, 2024
Biometrics done: June 7, 2024
Final decision: June 17, 2024
Passport request email: June 17, 2024

............................

When i applied, i did not have a US visa but got my US visa on June 7th and raised a web form to update my application on 11th June.
I don't know if the US visa counted for my quick reply but all i know is that as at the time i applied and did biometrics, i had no US visa.
I was given 8 years visiting visa.

Thanks to all who have contributed on this thread, your information really helped me.

LordAdam16:


Do you think the Ukrainian lines are in any danger of organically collapsing within the next one year?
I don't mean being pushed back (which is happening in some sectors) but a full-blown rout.
If your answer is no, then they can keep feeding the meat grinder.

Z will get a longer runway if Biden wins re-election.
If Trump returns, he'd have six months tops and be in grave personal danger.
The settlement statement is him putting up a contingency plan if the latter were to happen.

You have to cover your bases when you're responsible for pushing more than 1.5m of your countrymen to their deaths in an unwinnable war that ends with the same terms you flat out refused prior to the war and permanent loss of some of the most valuable real estate in the country.
In pre-1946 Japan, he'd be counting the days until he has to perform seppuku alongside his wife and top advisors.

-Lord