Hello guys,

Please if someone could respond: I'm asking regarding proof of funds for a 2-year course in Canada. Is it compulsory for a successful study permit application to have the 2 years of tuition and living expenses available in your bank account as proof of funds? Is it possible to show enough funds for the first year?

What are the other possible ways to show the visa officer you can afford to pay for the second year aside from landed assets or treasury bills?

I'll be glad if someone can help here, thanks.

Tarama:
PPR Alert!

Second application.
Old Portal.
Deferred admission to Fall (September)

Application submitted: December 31, 2021
Raised webform: February 21, 2022
GCMS requested: February 23, 2022
No update on application till...
Response to webform: March 21, 2022
Eligibility started: March 21, 2022
Ghost updates: March 23, 2022
Medical updated to pass: March 25, 2022
BVL: March 29, 2022
PPR: March 30, 2022

Thanks to everyone that responded to my questions when I got the previous denial. I sent multiple emails to JustMellow and he was so helpful and very responsive, gave detailed analysis to the doubts I had, I'm super grateful.

So, I did my biometrics in Lagos, how do I go about sending my passport?

Also, I just realized that my current passport expires in January 2023 and I plan to send that for stamping. But I dont know if that will be a problem seeing that my classes start in September. Since I have a few months before resumption, can I renew my passport here in Nigeria? The renewed passport will not have the stamp, so I'm confused on what to do.

How do I handle this situation so I won't need to request for a new visa when I enter canada?
Please advise.

Do you and the kids plan to join her later too? And how do you plan to go about that, thanks.

Oluwomonext212:
Thanks for the information, but I have been unable to create an account, it always came up showing default address not found and which is actually require to be filled out. I will appreciate if there is anyway you can help forward

Thank you

Have you been able to find a solution to this yet? I'm facing the same issue.

Over 300k RGN tokens to be given away!

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Over 300k RGN tokens to be given away:

Join the airdrop here: https://gleam.io/quvhW/ragnafi-airdrop

Huge project!

Is freelancing still your side hustle?

How about you turn it into your main hustle and make millions of Naira.

Join this webinar to learn how to do this with a popular Twitter influencer, Toyosi Godwin, who managed to turn freelancing from just a side hustle to his main hustle and earning a lot of money from it. This would be a practical session, so come prepared.

The webinar is free and you can register on Eventbrite.

Register here: https://www.eventbrite.ca/e/wealth-series-turning-your-side-hustle-to-main-hustle-tickets-153611575357?aff=Fefe

Of course na.

How do you track all your stocks and other assets currently?

achee.co allows you to have all your assets in one place, allowing you to also nominate a next of kin for all your assets in case of eventualities.

How do you guys track all your crypto assets on different platforms? I use achee.co, you could try it out. It has automated tracking of your assets in all your popular crypto wallets. You can also track stocks and other assets as well.

With over 200 million vaccines distributed, US stocks have reached another all-time high after the slump in March. US banks are reporting huge profits and tech companies are still growing fast.

Do you want to know how the pandemic has affected the stock market and how you should react and manage your investments in the stock market from now on?

Join these stock market experts on a free webinar to learn how to manage your US stocks portfolio post-covid.

The main guest on the webinar would be Edna Jennifer.

Edna has learnt how rich people make their money and she has decided to break it down so anyone can understand and start doing it themselves. So far, she has built a LinkedIn newsletter that now boasts of almost 25,000 subscribers in less than 6 months since its launch. She has been recognized as one of the top 10 voices in the world in Finance and the Economy on LinkedIn and she has a Master's degree in Finance and Investment which she got from one of the top 5 universities in the UK with a Distinction.

Come and learn for free. Spaces are limited though.

Register here: https://www.eventbrite.com/e/wealth-series-investing-in-us-stocks-post-covid-registration-148577989767?aff=Fefe

Some centralised exchanges would go down while some would stay up, new P2P and decentralised exchanges (DEX) would be born to capitalise on this development. DEX is still the future. https://achee.substack.com/p/cbn-vs-crypto-in-nigeria-the-end

You need to have a savings, budgeting and investing habit to be able to escape the cycle of living on monthly salaries. We know ourselves that before the month ends we have already finished last month's salary and waiting for this month's.

You have to break that cycle in 2021 by just have a simple system to allow you to save some little from what you earn and invest some too.

One of the best things I learnt this year about investing was how compounding works and have been able to deploy to my own advantage. Right now, I just re-invest all my gains and compound my returns.

I have used this system throughout 2020 and it worked and I'm sure it would work for you as well. We shared how compounding works and some other key concepts of saving, budgeting and investing that are sure to help your finances next year. The course is actually free! You can take it here: https://theroadsideinvestor.com/registerforcourse/

What budgeting, saving or investing tips has worked for you this year? I want to learn more.

Often, the best time to buy is the time when you are most likely to lose faith and sell.

Here are a few tips that would help you stay invested and take advantage of opportunities during uncertain times.

Diversify

Spread your portfolio to include commodities, bonds, and cash. Example of a safe-haven commodity is SPDR Gold Trust (GLD), backed by real gold. You can earn passive income and also diversify through iShares Core US Treasury Bond (GOVT)

Invest What You Can

It's best to use short-term funds for essentials, food and rent.

Value Stocks are Great

Underpriced, battered and beaten up are all descriptions of assets during a bear market. Pick companies that are survivor companies (usually the biggest companies in a sector).

Invest in Defensive Stocks

Companies that produce and sell household and non-durables - toothpaste, shampoo, shaving cream - are examples of defensive industries because people will still use these items in hard times. Example of an asset in this category is the SPDR Consumer Staples Select Sector (XLP). 

Dollar-Cost Averaging

You should think of buying investments like you buy food–do it often. Buying assets on fixed dates and fixed amounts regardless of prices means you don't have to bother about the right time to buy stocks.  

Inverse ETFs

These funds allow you to make returns even when the market is declining. However, make sure you have a strategy to close your position after some time. Example include the Proshares Short S&P 500 (SH).

Keep Your Cool

Separate your emotions from your investment decision-making process.

Finally, to get through this period, join the daily investing webinar organised by Chaka at 3 pm every day of the week to guide you through the market.

Stay Safe.

1. Spend less money than you make.

2. Having savings gives you options.

3. Staying out of debt is freedom.

4. Freedom and having options are enough to make most people happy.

5. Good health reduces the possibility of financial ruin.

6. Investing your money helps you grow your savings.

7. Stock Investing is simple: you only pay what you think a company’s earnings is worth.

8. Stock Investing is hard: reading too much news and emotions always get in the way.

9. Diversifying your investment could save you from financial ruin. Don’t know where to start?

10. Use the Barbell portfolio strategy (by Nassim Taleb): 90% in risk-free investment and 10% in high risk, high return investments. Or invest in a lost-cost index fund like the SPDR S&P 500 ETF through Chaka.

Guys, do you know there are now ways to invest in foreign stocks in Nigeria right from your phone without going through so many loops?

You can use [url=chaka.ng]Chaka.ng[/url] to buy and sell stocks in local and global companies. Payment is painless and your order is confirmed almost immediately.

Chaka offers all local shares through a locally licensed brokerage firm registered with the Nigerian Stock Exchange (NSE), Central Securities Clearing System (CSCS) and regulated by Nigeria’s Securities and Exchanges Commission (SEC).

All foreign shares on the platform are offered through a US brokerage firm that is regulated by the US Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC).

The website security is encrypted and protected by using AES bank-level encryption. This provides security between your device and the servers ensuring your personal and transaction details are always kept private.

Chaka is a safe investment platform that gives you access to own shares of companies in 40+ countries.

Get first-class access to stocks listed on the Nigerian & US stock exchanges as well as global blue-chip companies from around the world. Your limitless investment passport is finally here now.

All shares on the Nigerian stock exchange are offered through a locally licensed brokerage firm registered with the Nigerian Stock Exchange (NSE), Central Securities Clearing System (CSCS) and regulated by Nigeria’s Securities and Exchanges Commission (SEC).

All foreign shares are offered through a US brokerage firm that is regulated by the US Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC).

The website security is encrypted and protected by using AES bank-level encryption. This provides security between your device and the servers ensuring your personal and transaction details are always kept private.

Start trading and investing. Take advantage of both local and global opportunities with your premium access. There's no minimum account opening balance.

Create a free account on chaka.ng to buy American stocks, index funds, ETFs and mutual funds.

Guardian reported on Monday that United Global Resolve For Peace (UGRF) has petitioned the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC) and the Ministry of Foreign Affairs over allegations that an online trade merchant group, Paxful based in Estonia, is defrauding Nigerians.

What's wrong with Paxful? And since early March, the hashtag PaxfulNGisScam has been on Twitter. So many users complaining that Paxful froze or suspended their accounts. EFCC said it has started investigating the issues though.

Anyway, if you need alternatives to Paxful you can read this post about other exchanges in Nigeria and their trading fees.

waynecrystall:
Hello Nairaex, Have been a good customer for like few years now and have been transacting millions of money because I’m a seller but is quite unfortunate you lack good customer care because the girl who picks this number :0906 990 9955)
shes a very rude girl , she talks to customer with no respect, she’s has no training but she’s going to be the reason why everyone start using other alternatives because have invited lot of friends to do business with Nairaex but this girl really sucks ,
i just hope you can replace her with a responsible person who knows how to handle situation instead of someone who talks impolitely to customers , she lacks manner and lot of people are complaining about this same issue on nairaland

I think Guava Exchange and Remitano still have the best customer care in Nigeria. They respond within minutes with live chat. I suggest you use either of them.

Guava bitcoin wallet is also one of the most trusted in Nigeria

Yeah true, but Bitcoin is just a payment network and currency. Just like Naira is also used by fraudsters, bitcoin can be used too.

Doesn't make the currency a bad thing

You need to read this post to learn about the several legitimate ways to make money with bitcoin in Nigeria. Aside from investing, we have identified 5 other ways to earn bitcoin.

This practical guide will help anyone that wants to make money from bitcoin in Nigeria. More accurately, help you legitimately earn bitcoin with a reasonable amount of effort.

1. Investing in bitcoin

The world is increasingly reliant on the internet, and bitcoin, a secure digital currency, has piqued the interest of many investors. Some believe that bitcoin would eventually replace paper money as everyone in the world gets on the internet and desire a faster, transparent means to transfer value, while others believe bitcoin ​will be the digital gold existing side-by-side with paper money.

Regardless of the future of bitcoin, this digital currency has provided an exciting opportunity for everyone to have an entirely new asset class in their investment portfolio. Bitcoin is a high-profit investment vehicle albeit with high risk. Returns on bitcoin have performed better than the all-share index of most stock exchanges on the African continent.

2. Trading bitcoin

Another way to make money from bitcoin is by trying to benefit from the daily upward and downward movement of price. There are several methods traders use to make money in the market, but the two listed below are common and practicable:

Proprietary Trading

It involves you buying a portion of bitcoin from an exchange and selling it in some hours/weeks/months when the prices go up. Although it sounds effortless, there are some important details to note about this approach.

First, there are about a thousand cryptocurrency exchanges around these days, and some of them are just pure scams. The critical thing you want to do is find the safest and most secure cryptocurrency exchange you want to use. Guava Exchange is one of the most secure platforms to trade in Nigeria. International exchanges like Binance and Bittrex provide the opportunity to trade your bitcoin with several other profitable cryptoassets.

The second thing to know is that bitcoin is quite volatile, and it’s difficult to predict what the price will be in the future. In other words, its price could experience sharp fluctuations in a short period. For example, the price of bitcoin fell by about 35 per cent in November 2018 alone. So, to be able to make some nice profit you have to learn how to anticipate the market correctly through the use of historical data and learning from experienced traders.

Market Making

A market maker is at both ends of a bitcoin trade. Market makers earn their profits by providing liquidity for the market. They do that by creating limit orders in both directions, their profit is the spread on the bid and ask (Bid is a buy order while Ask is a sell order).

For example, the price of bitcoin could be at N1, 300, 000. You create a buy order for N1, 299, 900 and a sell order for N1,300, 100. When both orders get filled, you earn N200 as profit. That seems small, but considering that you can keep doing this same thing over and over again and quickly get to 100 trades a day, it makes sense for many traders. (Note: professional traders make use of a trading bot to execute these transactions).

3. Bitcoin arbitrage between exchanges

The price of bitcoin at any moment depends upon which exchange you are using at that particular time. Bitcoin arbitrage is the act of taking advantage of the price difference between two or more exchanges. An arbitrage opportunity exists when there is the opportunity to buy something for a low price and sell it for a higher price on a different exchange.

How does this work? You register on different exchanges like Luno, Remitano and other cryptocurrency exchanges that are easy to use. You set up ready to buy on one exchange and transfer the bitcoin to another exchange to sell at a profit, taking advantage of the disparity in prices.

Of course, it’s not that easy to buy bitcoin on one exchange and then transfer and sell it on another exchange. You have to put into consideration fees and time delays between transferring the bitcoin from one wallet to another. Only if it would be profitable then should you embark on arbitrage.

4. Making money from remittance

Nigerians living in the diaspora are often looking for a way to send money to their families or business partners in Nigeria while saving money on transfer fees. That is an opportunity for you.

You can help people transfer money by receiving what they intend to send in a specific bitcoin price, converting it to Naira, and handing the money over to the recipient here in the country. Of course, you have to ensure you have adjusted the agreed bitcoin rate to cover for any possible loss that could arise as a result of a decline in the price of bitcoin.

Read this article to find out other ways.

After numerous days of building, designing and testing we are proud to present a product we believe you will love to use.

We are excited to announce the public launch of Guava Exchange. The team at Guava has worked relentlessly to create a product that gives our customers easy access to the new digital asset economy.

Guava Digital Asset Exchange is Nigeria’s premier digital asset marketplace where you can safely buy, sell and exchange Bitcoin, Ethereum and Ripple. You can deposit Naira from any bank account in Nigeria and complete a trade within a few minutes. Guava also provides a wallet for each of the assets on the platform.

Guava Exchange plans to list other crypto assets in the coming weeks to give you access to different investment options that will help reduce your exposure to the high inflation rate prevalent in Nigeria.

To mark this successful launch, we have decided to offer our first set of users zero fees on all transactions. Sign up now to enjoy this discount before the offer ends.

5 reasons to buy and sell bitcoins on Guava Exchange

Ease and Convenience

On Guava Exchange, you have the option to do a direct bank transfer/deposit from any bank account in Nigeria. We are continually streamlining our processes to give you the fastest cash deposits & withdrawals possible in the market.

Also, you can create buy and sell orders for bitcoin easily, and withdrawal is stress-free.

Super Secure Exchange

The biggest issue for every trader or investor is the safety of their bitcoin investment. We have a smooth, secure verification process that ensures no one else will be able to access your investment account and wallet without your permission.

At Guava Exchange, there’s a strict policy to store the vast majority of the digital assets we hold in off-line vaults away from online hackers. Our platform has been in use by over thirty organisations with no reported case of a hack.

Great Customer Support

Our only focus is you. We have an empathetic customer support service willing to take your hand until you know your way around the new platform. There’s a live chat system available to tend to your request, questions and inquiries. We respond to queries in less than a minute.

Even if you have no previous experience using an exchange or investing, we have a blog and help articles that will help you learn about cryptocurrencies and the functionalities we have on the platform.

Amazing Mobile Experience

Everyone can access the Guava Exchange platform, and from anywhere. You can send, receive and trade bitcoins and other cryptocurrencies on your mobile devices, and the user experience is still superb.

Transparency with fees

All fees charged for buying, selling, sending and receiving crypto assets are clearly stated – there are no hidden charges.

It is simple to set up your account on Guava. Sign up here and go through our simple ID verification process and start trading today!

Guava Digital Asset Exchange, Nigeria’s premier digital asset marketplace, just launched.

You can safely buy, sell and exchange Bitcoin, Ethereum and Ripple. Just deposit Naira from any bank account in Nigeria and complete a trade within a few minutes. Guava also provides a wallet for each of the assets on the platform. Transaction fees is one of the lowest in Nigeria. And you don't get charged for receiving bitcoin in your wallet.


To mark this successful launch, it decided to offer the first set of users zero fees on all transactions. Sign up now to enjoy this discount before the offer ends.

Bitcoin is not a scam oh. It's the future of currency.

A bitcoin wallet is a service either online or offline that stores the private key for the bitcoins in your possession. Should your wallet ever become inaccessible, the private key would be out-of-reach, which makes your bitcoins unspendable. That's one of the significant differences between a bitcoin wallet and your traditional bank account.

These wallets can exist on physical devices, as software on a personal computer, on a cryptocurrency exchange or on a paper (a printout of both your public and private keys; the coins will still exist on the blockchain).

Now, to open a bitcoin account, you have to sign up for an account with a bitcoin wallet provider. Some online exchanges, including Guava Exchange, automatically create wallets for new user accounts on the platform. All you have to do is load the wallet with bitcoin. However, there are other flexible and free non-exchange options too.

Bitcoin wallet providers available to Nigerians

Some of the companies that provide wallet services to Nigerians include:

1. Guava

The Guava wallet has a simple design that allows you to keep tabs on all transactions in and out of your wallet. By clicking on the wallet, you can easily see the historical view of transactions on the right panel of the page. With the Guava wallet, you don't have to worry about losing your private keys or setting up security procedures to safeguard your coin. You also have access to the easiest and fastest way to buy bitcoin in Nigeria through the Guava Exchange.

2. Blockchain.info

This company is one of the oldest Bitcoin wallet providers. Headquartered in Luxembourg but everyone around the world can sign up for their free bitcoin wallet.

Note that you cannot buy or sell bitcoin on Blockchain.info. It only affords you the ability to send and receive bitcoins.

3. Ledger

The Ledger Nano S is a USB hardware wallet. It's portable and provides the ability to store your bitcoins offline. It's useful if you have a large portion of bitcoin that you intend to save for a long time. The product currently retails for above 25, 000 Naira.

To read a simple step-by-step guide to setting up a bitcoin account/wallet in Nigeria, please read this post: https://blog.guava.africa/open-bitcoin-account-in-nigeria/