klas:


What are the ‘certain conditions’ to be met for a direct subsidiary where a company does not have majority shareholding or have control of another?

Do you have authority to be cited for the fabled 35%?

NNLG is not a subsidiary of NNPC and its account is not a part of the consolidated financial statements of nnpc. Period.

whatx:
Going with your analogy, NNPC own 60% of Chevron Nigeria shares. It has controlling shares in Chevron. Therefore, Chevron is a subsidiary of NNPC.
Since u nor know within be JV, PSC and SC. Dont worry you will be sent to Mobil or Shell or Total, since NNPC has major control in certain area of their businesses.

Any arrangement involving an Operator and NNPC cannot be considered a subsidiary of NNPC, operators literally runs the affairs of such business together with NAPIMS which is the arm that decide on NNPC stake. So if you are thinking to be collabrate with such IOC, then pray for NAPIMS.

DPR is independent of NNPC just like Ministry of Petroleum, NNPC has no right to send you there. DPR recruit independently, and Ministry is civil service if you know what i mean.

PataAlhaja:


Good question.

The only criterion for recognition as a subsidiary is CONTROL over it. You don't need 50 percent stake in a company to control it. You may even have more than 50 percent stake in a company and not control it.

Google IFRS 3 and IFRS 10, educate yourself and report back to this thread.

I no get power to type, abeg.

dingbang:
Exam question

Which of the following is not a subsidiary of the nnpc
1. Napims 2. Nlng 3. Npdc 4. Idsl

Chikicaka:


Based on your comment i had to read the topic again, ready to admonish the OP, but i didn't see anywhere he made mention of best place to chop money, before i accepted my current job i did extensive research to find out the best branch for me, so calm down. Information is power.

Abujabir24:
I have it on good authority that the slots have been distributed since january february this. This recruitment is just smoke and mirrors. The only people they will consider would not be more than 10%

PataAlhaja:


That's a lie.

With ownership of even 35 percent shares in a company, you can regard it as a subsidiary and have control of it, in as much as certain conditions are met. This is a fact.

rusher14:


So they would put a dumbo in IDSL?

PataAlhaja:


Who told you NNPC has 60 percent shares in Chevron Nigeria Limited?

That they are into a joint venture does not mean NNPC owns shares in the company.

What do you know about joint ventures? Google IAS 28 and educate yourself.

Chevron Nigeria Limited is a fully-owned subsidiary of Chevron USA, its parent company.

Perkins1:
Do you know there are businesses you can startup with zero or almost zero capital?

Don't blink! Contact me to add you to my group where I will teach you skills and knowledge of how to go about this.

Knowledge is power!!

zakir007:
You can have control without even owning majority share according to ifrs. Nnpc sha doesn't own shell and the likes. I think they are joint venture. But as for who controls nlng, it's the private sector and not nnpc. It's cos of their agreement. As for people saying dpr isn't owned by nnpc, that's correct. But what makes you think there won't be nnpc staff in dpr?

Tats:


With respect to this topic, does NNPC hire for NLNG?

As some others have mentioned, NAPIMS and NPDC are standout places to work in NNPC. NAPIMS manages NNPC's investments in International Oil companies and supervises various projects, so there is a lot of interaction with Shell, Total, ExxonMobil, etc and opportunities for travelling. NPDC operates NNPCs Exploration and Production assets and so is good place to work especially for Petroleum Engineers, Geologists, etc and there is the possibility to also interact with other IOCs and foreign training, etc. There are other subsidiaries that are good too depending on your job role.