₦airaland Forum

My village jeje, Offa.

I think Seun Osewa is highly underrated in Nigeria. He should be part of these speakers as the founder of Nigeria's largest online forum, a very important social medium.

Oil & Gas sector entry level

Downstream: 180k-300k per month
Upstream: 400k-800k per month

I also believe Yekini was not mad, he only had moments of fits in 2010 when he lost his lifetime savings with his his late friend. Who would lose lifetime investment and not behave abnormally for sometime? He had moved on.

I also share Mathematical's sentiments: something must have gone wrong in the family's forced, unorthodox 'treatment' of him, leading to his death.

bettymafy: Just wondering. . . How can someone in the finance sector be able to switch over to O and G sector? My friend, who studied Mathematics and Economics, graduated top of his class with a First class (4.77), just rounding off his master programm in Operations research with a distinction (by God's grace) and currently studying for his ACCA (first stage in june) wants to make the move but just doesn't know where to start from, as most of these companies recruit more of Engineers.

Plus, he doesn't have any foreign degree. All his education was in Nigeria but I tell u, he's really really smart and brilliant. He has 2 and half years banking experience most of which was in Loan servicing but now works with one of these CBN subsidiaries as an Asset Manager (started workin there 7months ago).

I wouldn't say he's doing badly where he is but the remuneration cannot be compared to that in O and Gs.

Taninola, Jarus and others (finance guys in Oand Gs), how did u guys go about this? Do u think this friend of mine has a shot with his qualification and experience? What do u think he should do? Will really be glad to hear from u guys.

First and foremost, let's not create an impression that O&G is the only sector you can earn big dough. You can do so in any sector, with diligence and hard/smart work. I have a bro in Investment Banking that, after 12 years of work, is worth far more than most of his friends that started in O&G at about same time. In fact, there is a higher tendency to lively extravagantly as a young O&G guy and squander your income and not save or invest.

That said, clearly the Engineers/Geologists etc have more spaces than those of us with Finance background. A 200-staff strong oil company may not have up to 20 Finance staff. In my new coy, staff strenght is 100+, we are not up to 15 in Finance. Plus it's a sector with low turnover of staff, people hardly leave, that's why you see a man that has spent 30 years in Shell, Mobil etc, so space is not freed up.

But the good thing is most of these IOCs have a graduate program, and to a large extent merit-driven. Again, space is the issue. There may not be more than 3-5 Finance/Economics/Commercial spaces. So that's competitive, when you have hundreds of equally qualified folks competing for the space. You just have to equip yourself with test and interview taking skills, plus luck. For a Finance hopeful, I advise you start with all these Audit firms, PwC, KPMG, and Deloitte in particular, or a Nigerian oil company like Oando, Conoil, Zenon, etc, which though are less rewarding, can boost your CV and industry knowledge; which you can later leverage on to enter the big IOCs.

As for having foreign degrees, it's not compulsory. The two friends I have in Shell got no more than Bsc Econs from Ife(with First Class though), no ICAN, no other cert, except one on CFA2, and few months experience in IB. If the process is merit-driven, you will have equal chance to prove yourself against the foreign grads.

2good: It is clearly written in your Scholarship offer letter that they are not obliged to employ you after graduation. I was on Shell, Total and Chevron Scholarship and they all put that clause in the offer letter so I did not bother to fantasise about getting a job based on scholarship . I just know I will end up in the industry because there was no other option for me..

It's good to be '2good'.

davidylan: lol same here. I even went to chevron in year 4, armed with my scholarship letter to ask (demand is more like it) an internship. For where?
Thankfully i am a few days away from getting an offer to join the number 1 company on the fortune 500 list. Who says God no dey answer prayer? Abegi! Oyel is where the money is at.

Lol. Poor me. I also wrote a letter to Chevron few weeks before I graduated, attached copy of my award letter and latest transcript showing likely class of degree. It must have ended up in Chevron's waste bin.

But it's always good to dream sha, eventually found myself in the industry.

ayox2003: Gods plan must always prevail. Is it Exxon Mobil? And did you write an article on Yekini, lately? I saw an article in Punch that has your name on it.

Not Mobil.
Yeah, I wrote the article. Published in Punch on Tuesday.

Odunet Lbs: @tanimola

Good day, I'm a recent mech grad with a "superior" undergraduate degree from a public uni in nigeria...I would be through with Nysc by june nxt yr...I intend to get into the o&g industry immediatly I'm done...I would like to know the things I could do btw now and june next year to improve my chances...already I have self taught myself SolidWorks, pipeflow, matlab, c++, autocad suite...I'm also a member of p/bodies like spe, asme...

Right from my 200 level days, I had always dreamt of working in the O&G industry. Firstly because I hated bank job and banking was the largest absorber oflabour then, and I knew after bank, only O&G can be more financially rewarding. Secondly because winning Chevron scholarship in year 2, I had the illusion that I stood a bright chance with Chevron after graduating(forgetting that hundreds of other students are also Chevron scholars). Well, I always prayed to get O&G job then, till I graduated. And the prayer was answered: aside the few months I spent in investment banking pre-NYSC all my post-NYSC career has been in O&G, just crossed to upstream after 4 years in downstream. I observe that more than half of Nigerian company grads, when asked the sector of dream, in final year, will say Oyel. Well, truth is the sector cannot absorb more than 10%. In my set for example(Economics), only 3 are in the sector: me, one in Shell and the 3rd in Mobil. Accounting has up to 10. Engineering courses surely have more. Another interesting thing is that it may not follow the order of 'effico' in class. Although the best grad in my class and the set after mine are both in Shell now, this is not always the case. In many sets, while the best grads are just sitting in banks(or lower jobs), the students that were not seen among the frontliners in class may be the ones that will be get O&G jobs, and on merit. So a number of dynamics go into it. In general, try to equip yourself for it, most oil coys, esp IOCs, are merit-driven, but hey, pls don't wait for O&G only pls.

Debo, T, never knew u guys attended Lag, Debo in particular, thought you had all your degrees abroad.

Anyway, unlike we Ife wey dey carry signboard for face, flaunting our school. Lol

Interesting, but not surprised sha. I have always known Lag to produce loaded and exposed grads, plus the swagga.

damola1: One advises eat banana daily, the other advises don't eat banana.. bros, better go ask doctors oh... cos... no say na nairaland cos health wahala oh!

Even among the doctors, you hear all such contradictory prescriptions. I'm also on similar diet monitoring, not cholesterol though. I've given up, as many foods that Dr A and B consider ok are considered dont-eat by Drs X and Y.

After 4 years down the stream, I finally moved up the stream. I missed out on Shell by whiskers 4 years ago, and Total 2 years ago, but with God having His own plan, now entering the sub-sector as experienced hire.

Pre-NYSC job: Two weeks after my final exams, even before being issued statement of result.
Permanent job: Two weeks after NYSC passing-out.

I only read Omotoso's book about 5 years ago.

Very inspiring one there, Loma.
Never doubted you will go this far, since our days in Ife, when I used to see you camp yourself @ Central Mosque(me a Jambite, you in final year) reading heavily. I testify to the part you mentioned about being multi-tasking right from Ife days. I remember how you used to be involved in a lot of activities, including being Editor of An-Nur, yet besting your full-time classmates.

I've come to believe it's not possible. I took my car from painter's shop last week Friday and I've had scratches two times already. In fact, I had the first scratch that same day as one Okada rider scratched me just few hours after.

cecegorz: I thought O&G do far better than this
So, why do people say you guys pay far better than banking. It's actually at par, from what you quoted here.
I actually thought entry level should be up to 5m (all in).

That's downstream of course. And Oando is still one of the most rewarding in that sub-sector. In fact, only Total is at par with it.

However, in the upstream sub-sector of O&G, you earn bigger bucks, between 6-11m for entry level.

Upstream is a high-margin industry, so pay far higher.

Propelling a country's economy to global dominance involves a coterie of economic policies and actions. No single policy does it anywhere in the world. So, don't go there.

While you guys are here shouting hoarse world class economics professors are rooting for it. One of such is presented below: http://dinmerican./2012/04/16/the-challenge-of-islamic-finance/

What is advanced in 'redherring' and 'intellectual dishonesty'? These are normal punchlines you throw in intellectual debates. If that is the basis for responding to a rebuttal, then Prof himself will respond to my article because I threw harder lines in my rejoinder to his series.

If you can't access the ones published in Punch, Tribune, NVS etc, you can read a copy of my article he reacted to in my blog down here.

He hasn't said anything we've not argued out on Nairaland here. Sanusi did not respond to Prof, I did. The Prof also did not react to my 'diatribe', his student did. I won't respond. If you're familiar with wars of essays, you will know that the parties don't respond beyond once. I stand by what I wrote in my first article.

Yeah, no big deal. I used harder word on his mentor.

No big deal here. It is a normal intellectual engagement. Prof Afejuku(a columnist with Tribune) did a series of SLS. I picked holes in his series and wrote a rejoinder published in Tribune, Punch and other papers. His mentee and admirer responded to my rejoinder. No big issue here.

I defended my mentor, Sanusi and he also defended his mentor, Prof Afejuku. He also committed here most of what he accused me of. It will be most immature to continue. All the articles in question(Prof Afejuku's, mine and this guy's) are available on the internet. I leave all readers to judge the arguments brought forward by all of us.

As for defending SLS, I will continue to do, inasmuch as blind critics continue to punch him unfairly. An unbiased follower of my articles on SLS will realize that I have never failed to point out areas I feel he didn't get wrong. Also, I don't take on SLS' critics that based their arguments on economic facts like Ijeoma Nwogwugwu(Thisday) and Les Leba(Vanguard) because they don't go petty as to to be bringing ridiculous arguments. So, I'm not saying SLS should be criticized. I do point this out in many of my articles. Like he said, posterity will judge everyone of us.

Every soul shall have a taste of death. Erinwo, Ajanaku sun. Odigba, Yekini, the real king of goals.

The insanity story was a rumour. He never lost his sense. He only became very religious in his last few years and became detached detached from worldliness,voluntarily gave out properties in charity, joined the ordinary men on the street mosques for prayers etc. Never lost his sense, those were what people, who expected him to be living high society life as an ex-international, saw and interpreted as insanity. He only became overly religious and detached from worldly fancies.

He was clearly not rich, but appeared contented. I know his two-storey building in our hometown, Offa. I guess that's where he will be buried tomorrow.

Kemi Olunloyo is one irresponsible, shameless lady that fights everyone on the internet(Facebook in particular) uttering all manner of vulgar words. I remember the fight she had with an equally shameless Femi Fani Kayode, insulting their parents(FFK's father is a first republic politician and KOO's father a former governor of old Oyo state). I remember another fight she had with one journalist, Victor something.

Comment reserved.

^^
You're very correct. It's small world, after all.

Duplicated topic. Kindly continue in this older thread: https://www.nairaland.com/919777/lagos-state-orders-60-ferries

Our apologies we are acting this late after mny replies.

Thanks

Nice one. Water transport is long overdue in Lagos to decongest the roads. I don't have confidence in the currently operating local ones yet, although a couple of my colleagues use it to Ikorodu from VI. They are also well patronized in Ajah here, but hey, I no sabi swim, I still prefer the roads with the traffic and time-wasting now. Maybe this can inspire my confidence.

A review of mine will be welcome too:

www.jarus.blog.com.

Sales Support Assistant is still not a high-grade position. I don't think they will want to do more than 5m. Recall, your competitors (co-interviewees)for the position may have less experience and may be willing to take something low, which the company can consider cheaper.

Beetwo: This is sad if truly all these ids were created by a single person to support a corrupt minister, what is person goin to benefit or is benefittin from from this barbaric act?

That's the work of her PR guys. That's what they are paid to do. Bukola Saraki's media guys also did same last year. Many IDs(kolayusuf etc), obviously created by one person were registered on NL, all their posts were on Saraki.

I think these guys are realizing that in this tech age informal media, with the anonymity it affords, is a better platform to sell themselves than formal media like newspapers.

Banks,
You've got an impressive CV there. A friend, one year my junior in Ife, was just on CFA2(no ACCA, nothing else except Bsc Econs) when Vetiva snatched him from Merristem. Vetiva were impressed by just CFAn he's also smart though. He was just about settling down in Vetiva when Shell also literally poached him. He's now with Shell. He flunked his CFA3, but no longer in IB, so means less to him.

Another mate, though has more certs(ICAN, ACCA, CIS, CFA3, Bsc Accounting, Msc Ops Research Dundee or Edinburgh, can't recall) is doing well in Rencap.

So, you stand a great chance of doing wonders in Naija's IB industry as I can see you have the passion.

T22, pls give her my email add and let me see if I can get it across to my guys in Vetiva, Meristem and Rencap for onward passage to right quarters in their firms.