₦airaland Forum

Kevlala:
bro u still have ur head intact. wish i cud pass u a cold heineken for the road

I will hold you to that when we meet at the towers

askotaks01:
[b][/b]Reason Why NNPC is Paying TF in Batches

The statement I am going to make will be more understood by an Accountant or Finance Professionals.

NNPC have the financial capability to pay the Transportation Fee of everybody that was interviewed at once.
But, in order to make their financial report look good and for the sake of managing their Operating Expenses (OPEX) effectively, the management must have been advised to spread the payment over a period of months so that their OPEX will not be too alarming in a particular month.

Let me give you an example.
Assuming NNPC made a sales of #1M in July when they started the payment of Transport Fee and the whole transport fee to be paid is 400k.

Note that NNPC have other expenses to meet. E.g Salaries of workers, maintenance of their facilities, Utility bills and other expenses I can't mention. Let's assume all these expenses equals to 500k.

This implies that if NNPC decides to meet all this expenses in July, I.e 400k + 500k = 900k

Then Profit of NNPC for July will be ( 1M- 900k) = 100k.

Therefore, a good financial adviser/analyst will advice NNPC thus:
The Payment of the Transport Fee for interviewees should be spread and be paid in Batches.
Let's say 100k should be paid per month. This means it will take four month to settle all the people interviewed.

Let now see how this will affect their profit in July:
100k will be paid as Transport Fee for interviewees and 500k will be paid for other expenses. All expenses for July Will now be 600k. Therefore the profit for July will be (1M - 600k) = 400k.
Going by this, you can see that a profit of 400k will speak well than Profit of 100k earlier reported when they pay all interviewees Transport Fee at once.

Other financial experts in this thread can attest to this as I drop my pen.

I salute all the Local men and women ooh!!!


One Love as we await our APL

Sorry
This your analysis doesn't hold water at all
Maybe this might be true for small organisations...

For organisations of the calibre of nnpc
This shouldn't be a problem at all
First the recruitment expenses in its entirety is already included in NNPC budget. Therefore all expenses incidental to the process are well known and budgeted for.

And by the way recruitment expenses is an extraordinary expenses and should be indicated in the notes to the account...

Secondly what is the proportion of TF in the recruitment expenses

Let's assume:
9,000 went for the interview
And nnpc is paying 20k flat rate
That is 9,000×20,000= 180,000,000

Am sure even a billion Naira shouldn't be much of a problem
Cos after all this an organisations that deals in hundreds of millions if not billions of dollars daily

I doubt that's significant enough as to warrant nnpc to employ such cost control measures..

And finally assuming what u say is true
Your assertions still does not explain why NNPC payment is done at random.... cos someone we left the tower with and wrote our names on thesame sheet received TF and I haven't

Ps
Take what I say with a grain of salt
After all what do I know

.

Good morning ladies and gentlemen

Just saw more than 100 post but unfortunately non of them are related to the recruitment process

Abeg any news with regards to NNPC

number5:
I get king anyam number if u need

guy u no get chill ooo
Oya send am

2nd ...
Still no alert today...
Hian
Abeg who get faroouq or Lazarus number
I want to ask them something

Qoutasystem so you ma u de here
I de hail ooo

Ladyjane5657:
Lolzzz... U mean if we have been paid APL

I mean TF

Sister
How now
You have been awfully silent lately
Any theories

yungmin:
Okay, LOMS , I get it now

Thank You

What is LOMS

Ladyjane ..
Ladyjane...
Ladyjane....
Chasteguy....
Circleofwilis

Have u been paid
Just checking something

[quote author=ChasteGhuy post=81855557][/quote]Which kind life be this now
Person no fit play with you

CircleOfWilis:

Guy e be like say na the next day of ur interview dem pay u
Oya Pele oooo.

[quote author=ChasteGhuy post=81855557][/quote]

CircleOfWilis:

Ladies and gentlemen
Permit me to present to you a shining brand new theory
This theory am about to state is ground breaking

But before I get into the theory proper I think it is pertinent to first state a very important fact ...

the fact is: EVERYONE WILL BE PAID

The theory states that ..

There is a significant relationship between time of payment and Apl ....

The earlier you receive alert the worst your chances of getting Apl...

And vice versa

Thank me on 9/10
No source

As a result of recent events on this thread (theories and counter theories, connections, long epistles and so on)...
I felt while we wait....
Here is something interesting to ponder

Ladyjane5657:
why body come dey sweet me laidis?

No news yet... U know I won't hesitate to drop the akara once mama nkechi don do am finish!

Ok naa

Local men are patiently waiting....

number5:
On my interview date, i sounded stupid asking the few guys sitting around me prior to verification if they were on nairaland.

I just came up with a better idea of how to decipher the NLanders when we gather for medicals without looking stupid





Local men and women, when we are in cue for medical, if you see any 'potbellied' niccur graciously stands up in the midst of the quietness and loudly exclaims "this building reminds me alot of my time with mckinsey"

Pls u guys should not lynch the local man, no be mosgoon, its me just trying to check something

By their reactions i shall know them

Beeam:
I just wanted to determine the comparative difficulty in NNPC's recruitment process relative to other IOCs, as a way of determining the degree of correlation which will help me extrapolate the probability of considering a career in that industry, instead of just taking up an offer with Elon Musk to build a new planet beside Venus.

From my time at McKinsey, carrying out strategic studies for governments of similar 3rd world countries like Nigeria who are our clients, I have been able to draw a preliminary hypothesis that industries with a high correlation coefficient between the recruitment processes of their National flagship companies and other international competitors in the same industry often provide a rewarding enough career path.

Although, I might just end up just looking for seed capital and starting my own space research company by October if this recruitment is not concluded by then.

WHO DOES THIS SOUND LIKE

Chai see raw savagery

Abeg make I go buy popcorn
This thread go sweet die....

Lwkmd

Ladyjane5657:
I would have contacted another sauce for hot info but the snakes on this thread are all filled with Poisonous venoms.... They scare me.. Bli'v me

I know se u no de fear any person for this thread ....
And to further assure you me and my guys de behind you...
Any person that do any how go see any how ooo...

Ok sister ladyjane oyaa come tell us wetin you know

:

ChasteGhuy:
lol... What is mosgoon doing on this table?

Mosgoon's source no dey nnpc o... Na McKinsey im source dey

GeniusOla:
Guy, are u sure ur upfront is in safe hands laidis, this one that u are blowing her kiss already, shey u heard when she mentioned germany not long ago? And her plans to put hers in fixed deposit, hope you are checking something, only one song of advice, "no mater where u go o, remember the road that leads you home (bobowaja) sorry #bodethomas"

Guy ....
I don't care what you say ..
You are a genius in my book
Na brain and sense go kill you

joobseekar:
@bolded, It will surely be. About 1300 out of about 9k, that's 1 out of every 9 applicants.

Now imagine 900 applicants are on this thread, that means only about 100, that will get APL from this thread, the remaining 800 nko??... hmmmmm

I tell you ...
The thing get as e be
Local man is weakened by the thought....

GeniusOla:
If na the genius wey dey my name u dey reason, u have been decieved sir, people call me junior and junior and genius sounds alike , so daz why. Well the reason for the geniusola is simply because the moniker was simply opened for a business purpose and you can only be on a safer side getting it right "monikerly" #i'm not a genius but I'm trying with what i do. I believe you understand, no more no less,

Guy whether you be genius or not is not the Koko....
And besides that is exactly what a genius would say....
You don't expect a genius to blab about how great he is do you.....

Ok back to the Matter
Tell us what you know.....
Local men are very interested

Gbriels:
Lol....
The thing is the thread is for NNPC and issues relating to it....

Thank you very much Sir,
Forget about mosgoon ...
You have done your best in your opinion...
You can't shove advice down the throat of someone who isn't willing to take it....

Sighs ....
Ok come and tell us what you know
Regarding the recruitment process

Ladyjane5657:
Nayyy.. All former sauces remain valid

We need more sauces ....
Hope you have more coming, cos
Local men are hungry

joobseekar:
I dey tell you...

...could it be that they're paying about 800 guys per each day of the "massively" paid interview date? thus, remaining about 100 guys yet to be paid for each day...

Mehn that's something worth exploring..
Although it could be heart breaking for many people

Geniusola abeg ehn stop looking for trouble... Instead make use of that big brain of yours and formulate one interesting theory for us naw

Local men are getting bored

Mosgoon, jarus, ladyjane and co ....
Any sauce brewing this morning

GeniusOla:
What else do u need sir, didn't u hear about the 3 idiots theory this morning ni? Ha! O su mi o

More theories man...
Theories are what keep body and soul together through this tough times ..
The more the merrier...

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Abeg make Una forget about this mosgoon brouhaha
If you don't like what the guy is saying .... Abeg simply ignore him no need for long epistle, am sure he is intelligent enough and has the God given right to live his life the way he sees fit



Local men need theories

Easymoneysniper:
I strongly stand behind what I stated. Everything I've stated Previously on this forum has been concrete information provided to me by one person and one person only. This thread feeds of negativity, and I'm not into that kind of play. It seems you've already picked up the stone you want to use, or the sniper some people want to give me on the 10th. Stay patient...... Your APL is coming either on the 9th or 10th. The only caveat is if you didn't do well during the interview.

I am ecstatically delighted and disproportionately bewildered with enormous gratification and appreciation for the dispensation of such a tendering and mesmerizing information in which the prestidigitation of the concurrent and subsequent matter is thoroughly demonstrated through the nuances alluding to literal and metaphorical context. It is highly imperative to note that, such is the significance of the aforementioned, distortion in any shape or form will result in catastrophic ramifications to which will be the outcome of epic proportions. Thanks for your perusal. "Kenneth chimezie"