₦airaland Forum

rasheedtobi:
What does QW1215 MEAN To you @vantage7

Let's make this clearer..

Q ranges between 1-4

M ranges between 1-12

D ranges between 1-31.

forkadict:
This is for the Muslims. Check your times, the call to prayer is nigh.
And for the Christians, Jesus is coming soon.

Forkadict + NLNG Offer Letter = Displacement 2?

@coded sayings?

cashme28:
http://www.thisdaylive.com/articles/nlng-offers-n60bn-to-fg-for-bodo-bonny-road-project/230950/

Interesting...

Assuming a wild estimate of NGN15m p.a for each GT, 120 GTs will cost NGN1.8bn per year.

Assuming all GTs work for 35 years which is not likely, the payroll cost for 120 GTs (assuming no hike in pay) is NGN63bn.

The company paid $3.6 billion in Company Income Tax and Education Tax between 2014 and 2015 - See more at: http://www.nlng.com/NIGNLNG/News.aspx?ID=21#sthash.eQgGCgsM.dpuf.

This is about NGN720bn at the current CBN rate of about NGN200. Smart accountants can easily extrapolate the profits of the company which I believe is in Tr.....

Given that oil price has dropped by about 80%. Even at 80% drop in profits, the NGN1.8bn per year is still immaterial to NLNG.

Moreover, not all GTs need specialized training. For Accountants, IFRS and other relevant accounting standards are the same everywhere even in NLNG.
For the continuity of the company, people who do not need specialized training can resume in phases based on need of user departments while Engineers can be grouped to resume together to minimize training costs.

Something however tells me even if 120 GTs resume this February, it is just but the weight of an ant on the great elephant NLNG.

But what do I know? He who wears the shoes knows where it pinches most.