₦airaland Forum

Yeah, I meant to say Dec 31st. Did they send a mail after that?

Scholar94:
Ohh. Great! Applied. Waitlisted.
Was contacted Dec. 12 but was told that they were unable to finish the award process due to some technical error. They promised to get back by Dec 31st. But later shifted to a later date unknown yet.

I applied and was waitlisted. Nothing has happened yet. They were supposed to contact us on December 12. It's January 8 and there is no news.

Scholar94:
Hello everyone!

Does anyone apply for 2019 cfa access scholarship here and has been waitlisted/awarded?

The list is not yet complete. It is a 30-man list being published in Alphabetical order. They have not released the letter "M" yet.

I agree that Kratos is insanely strong. However, i think the fun in the game is using that strength to tear through hordes and hordes of assailants. The mini bosses are also tough to get through, with each one needing to be defeated in different ways.
That said, I think the challenge in GOW is not in fighting the bosses, but actually getting through the puzzles and mazes that Kratos routinely find himself involved in.

Political statements during matches are banned by FIFA. They could have been disqualified for doing that, even if the message was a good one.

Rickyzagy:
200 persons massacred in a country non of the player could even wear a band for morning in solidarity yet you wish to win.




The three point and three goals means the three tribe in nigeria and the three way it will break

Was it ever illegal?

JEITO:
Gone are the days when it was illegal to give birth out of wedluck

Weirdly enough, the Guinness stout is a premium brand. With consumer wallets severely depreciated due to the recession, consumer preference moved towards the value beer segment. So, a lot more focus has been on Dubic beer, and Satzenbrau.

You are right about the spirits segment though. The younger demographic seems to favor spirits over lagers.

ewebiodun:
Guineas stout is the only product holding that company. All other products have been receiving heavy pummeling from NB.

Diageo is also doing fantastic for them in the spirit segment.

Guinness has a July to June accounting year. So, their H1'18 period ended in Dec'17.

9jaBloke:
H1'18 just got started

Raylene.Littler@sc.com

cymbee:
Please anyone with raylene little r's email address. Please I really need to contact her asap

Not sure I am expecting a reply anymore. Sent the mail last week Tuesday.

Just trying to move on to other stuff now.

Didi18:
This is honestly the most traumatic experience . I keep wondering is there hope , would i get called to further my application. Please let us know if you get a reply

Hi guys,

Who has gotten a mail from Raylene for Global Banking and Corporate Finance. Sent her a mail asking for an update but she hasn't even replied.

Hi maryannasemota,

From the name, I can deduce a Ghanaian nationality. However, I noticed you used the hash "#" sign to denote currency which makes me believe that u r referring to the Nigerian office. I will also assume that you are referring to entry-level salaries, which are somewhat fixed as opposed to experienced hire salaries, which can vary greatly across function and level. So, I will tailor my response accordingly.

I would also like to issue a disclaimer, stating that every figure I am stating here is hearsay, as I have not received a full-time offer with P&G.

P&G is definitely one of the highest paying FMCG firms in Nigeria, in terms of base salary, perks and allowances. It might even be the best paying across some levels - I wouldn't know for sure, though. However, I am almost certain that the salary scale for the first two positions mentioned above are not accurate.

For one, P&G does not hire accountants, just financial analysts. The firm operates a central accounting function which is based in Manilla, Philippines. Even then, an entry level analyst (band I, as it is called) does not earn that much. From my findings (in no way definitive), the range is from ₦300,000 - ₦600,000, with the variations coming from variables such as function and (as i've heard once before) negotiating power. Bear in mind that the figures stated are gross figures.

However, I have heard that the difference between the Band I (entry level) and the Band II salary can be massive. At the Band II levels, the salaries can reach (and even surpass) the figures you quoted above. From my findings (refer to above disclaimer), promotion from band I to band II takes an average of 3 years. Although this varies by function.

Therefore, from the figures I mentioned above, it would seem that it is only the cost analyst salary that might be accurate. The rest might be band II level salaries. Either way, I think the pay is still impressive.

I hope this epistle answers your questions.

maryannasemota:
The Procter & Gamble Company, is focused on providing branded consumer packaged goods to consumers around the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. In Nigeria, it is one of the largest FMCG companies in the country with strong brands like Pampers, Ariel, Always, Gillette, Oral B just to name a few.

The salaries of various job positions in P&G Nigeria are as follows;

Accountants earn up to #840,000 monthly
Operations Department Managers earn around #700,000 to #1,000,0000 monthly
Cost Analysts earn around #350,000 monthly

See more Procter and Gamble Salaries

Source: https://www.mysalaryscale.com/blog/salaries-companies-fast-moving-commodity-goods-industry/

Whats your take on the salaries?

Hi. Saw the mention since but I have been too busy to reply. Hope it's not too late. $3 billion out of an approved $5.5 billion have been raised.
$2.5 billion (out of the $3 billion) would be used for capital projects - this was recently released - while the balance was used to redeem T-bills maturing in December. The question I replied to was referring to the refinancing and not the capital expenditure part.

Also, while this is the third Eurobond issue this year, the first two were for the 2016 budget while this one relates to the 2017 budget. I know it's kinda confusing cos of our messed-up budget cycle. Hopefully that would change in 2018.

jam04:
Unfortunately that's not the situation/reason for the Euro bond sold by Fg. They raised money to finance the 2017 budget. Yes we all know a year budget could run into the first quarter of the next year but can we sincerely say this is the case with Nigeria? This is the 3rd eurobond this year and we still have sukuk bond which we don't know the full details of repayment with the holders

Exactly, I am glad my explanation helped. I have always had trouble simplifying things.

ttmacoy:
Hahaha at bolded.

Thanks for the correction, I get it now. The differences are in the currency, foreign country of issue and where it is listed.

It helps them lock high interest rates. Let me explain.

I will try to avoid as much finance jargon as i can in this answer, but permit any slip ups.

Normally, a longer dated bill should command a higher rate of interest. The higher rate represents the higher amount of risk associated with tying down your money for a longer period.

Think about it. If you lent me #1000 for one month, you might not even ask me to pay interest (assuming i'm your guy). If you were to lend me that same amount for one year, you would be less reluctant to waive interest. This is because, during that period, you could have invested the money in another venture and earned income. Also, the longer I keep the money, the higher the risk of default (refusing to pay back). Another risk is time value of money (just a fancy term). It means that #1 today is not #1 tomorrow. This means that due to inflation(increase in prices of goods & services), when you pay the money at the end of the one year period, I would not be able to buy the same things I could have bought with the same amount a year earlier.

Are we together?

So, generally, a 1 year bill is usually cheaper than a 5-year bond. That 5-year bond is in turn supposed to be cheaper than a 10-year bond and so on....

That is not the case in Nigeria currently. We have what we call an inverted yield curve, caused by...well, thats another epistle. Basically, our 364DTM bill rates are higher than our 20-year note rates.

How is this relevant?

When deciding what instrument to buy, you should not just consider current rates, but also future rates.

It is true that T-bill rates are currently higher than the 10-year or 20-year rates. This means that for a rational investor, it would be better to invest in a 364DTM bill (Average: 22% yield) over a 10-year bond (Average: 16% yield).

Right?

Well.........

The outlook currently is that rates are going down. So, it makes sense to buy as much instruments as you can while the rates are still high. Now, as things return to normal in the economy, the yield curve is also expected to normalize (shorter dated bills would become cheaper than longer dated ones....rembember?).

Now, let's consider an investment of #1 million.

T-Bills - At 22%, you would receive an interest of #220,000 for one year. That's all. To earn another interest, you would have to re-invest that money again.....but this time at a lower rate (remember, we expect rates to fall and yield curve to normalize, therefore T-bill rates should drop faster than bond rates). If the interest rate falls 2% each year for the next 10 years, you would effectively earn #1.3 million in interest over 10 years. Thats good, right.

Now let's look at the bond. If you invested the same money in a ten year note at 16%, you would earn #1.6 million in interest over the same period. Do you get?

So, while it is rational to invest in a T-bill now (given the high interest rates there), if you expect the rates to drop, it would be more prudent to invest in a long term note. This helps you lock in the high rates currently obtainable in the market.

Hope this is clear.

Pesuzok:
Why is the foreign investor not buying T.B that gives more yield

While I understand where you are coming from, I would like to propose a scenario.

You need #1 million to start a business, so you go to your trusted bank and borrow the money at an interest rate of 22% per annum for five years. This means that in addition to paying back the #1 million principal, you also end up paying #1.1 million in interest (#220,000 annual interest * 5years). In all, you are going to pay #2.1 million on a #1 million loan.

Eish. That's steep. Of course you don't wanna take that deal, but what can you do? You have to start the business. You have kids that are depending on you to earn an income from the business.

So, you take the loan at that ridiculously high rate.

Now stay with me.

A few weeks later, you run into an old friend who tells you he's now a credit officer in another trusted bank.

You tell him about the loan and he's appalled. He says, "Oh, why not come to my bank? We'll give you the loan at 7%".

7%. Wow! That's a game changer. Instead of having to pay #220,000 in interest every year, you would be paying #70,000 instead. Over the five year period, you would have saved yourself #750,000. That's too good for anybody to pass up.

Now what can you do? You have taken the first loan already and will not be able to cancel the contract without suffering a penalty and a damage to your creditworthiness (this is important for any business or nation).

So, you decide to take the new loan of #1 million at 7% pa and pay off the #1 million at 22% pa. Effectively, you have borrowed the money, but instead of paying #2.1 million over the life of the loan, you would end repaying #1.35 million.

That's a good deal, wouldn't you agree?

Now the FG was in this same situation, paying 22% annually (Avg effective yield of the 364DTM Tbill), when they could be paying 7% instead (Average FGN Eurobond yield). Therefore, they decided to refinance the debt to make it cheaper for them.

Consider the effects. The money they were spending on interest could have been used to pay salaries and build roads. The re-financing would make that possible. Also, banks were not lending money to Small businesses that needed the money because they were investing in the bills (Come on, 22%! Free money man! Who can pass that up). When small businesses can not access financing, this hampers growth in the economy. Now, with reduced T-bills supply, banks would have to increase lending to the general public in order to earn interest.

Hope this helps.

BanevsJoker:
I may not know a lot about Economics, but common sense would suggest that it is utter foolishness to borrow money to pay off debts. This only means that in 10 years, the FG will again borrow to pay off these bonds. The painful thing about Nigeria is not the current situation, it's the strong indication that it will only get worse with this Government at the helm.

Lol. You are not totally off the mark, but allow me to tweak the answer.

A Eurobond is a note issued by a country or organization in any currency other than the currency of the country in which it is listed. The name Eurobond just happens to coincide with the Euro currency. For example, this particular Eurobond is a dollar issue, but the note will trade on the London stock exchange. Get it?

A foreign bond on the other hand is a note issued by a country or organization in the currency of the country in which it is listed. e.g. This would have been a foreign bond if the issue was Sterling denominated and trading on the London Stock Exchange. Get it? Examples of Foreign bonds are Yankee bonds, Samurai bonds, panda bonds and others.

Hope I was able to convince you and not confuse you......(in our primary school debate voice).

ttmacoy:
I assume you know what a bond is i.e. long term debt issued by a country as opposed to Treasury Bills which are more short to medium term.

A Eurobond is just a bond raised on the international market in Euros. The name refers to the currency e.g. Yankee bonds are bonds raised in dollars, Samurai bonds are bonds raised in Yen, etc.

A simplistic example, Nigeria issues a bond of 100 Euros at 10% for 30 years means Nigeria will pay 10 Euros annually in interest to the bond holder and at year 30 return the principal of 100 Euros.

Did you fill in the name of the document you are uploading? That was why mine kept bouncing back.

omotayo9177:
Hello people
Please I'm having challenge with the uploadn of cv. After browsing the doc. file to use, the page keeps bouncing back without the cv uploaded. Please I will like to know if anyone here experienced such difficulty.
Thanks

Do not be ignorant. A retweet means that more people get to see it. It is a way to incentivize people to spread awareness. I think it is a really smart move.
Also for those shouting that N10 is small. If he gets 50,000 retweets, that means he has to give 500,000. If he gets 500,000, it means he would be giving N5,000,000.
Let me ask you now, what have you done for Makurdi?
You should just cover your head in shame.

Nbote:
Most of our celebs can b very insensitive.. So he's trying to use d unfortunate events to seek attention. Why not donate wateva his broke as can afford and den encourage his followers to donate also and retweet?

Nawa oo. This is a very ignorant post. So, because of my introverted nature, I will not succeed in any of those 5 careers. Balderdash. You really need to understand that nobody is 100% introverted and introverts do handle themselves well in social situations when they need to do so, usually for their careers and their families. The one about doctors is just silly. As an introvert, I would connect more easily with my patients because in my experience, I v found that I tend to empathize more with people. This would make it easier to form relationships with patients. Also, introverts do smile. Lack of smiling is not a trait of introverted people, but rather a personal choice.

You need to educate yourself more on the subject before coming on NL to put up an article.

Highly disappointing article.

FP, Really?!!!

dumodust:
But truth be told, I dont understand this first class guy... cant he go and get a job or something ASAP with his degree. Why is he strutting around like he's supposed to be given money, our commonwealth or honours? Comparing yourself to other hustlers without first class is lame
life is a constant hustle dude, e never end... stop being lazy and hustle more, life is never fair but you are currently technically begging for alms... just like the other day you started telling us that you can't pay your rent... seriously?

candid opinion

He is not lazy. He started working in a top Multinational immediately after school. He is not strutting around looking for attention, he shies away from it. He has been in the news for this long because he deserves it. He has received every offer you can think of, both locally and internationally with remunerations that would make your Jaw drop. I am sure he is taking his time to ensure that he makes the right choice. I don't think you made your comment from an envious point of view, but you should learn to do research before making comments or you risk sounding like a majority of deranged and hating NL'ers.

Hi guys, Got contacted yesterday for the KPMG Graduate program. Need help with Past questions or Sample questions. Please, send to onyekaijeoma94@gmail.com if you have it. Thanks a lot.

The talentmine refinery is an intensive training programme that is organized by finance professionals. I attended the just concluded undergraduate refinery for investment banking and it was a really wonderful experience. I am currently interviewing with Goldman Sachs and many others are interviewing with Bank of America Merrill Lynch. The skills you learn in the refinery will help you compete with top students and graduates from around the world in the various banks. I would encourage every undergrad and recent grad to apply for the program. 30k is way too little for the skills you would acquire.

Three months ago, Mr. Price, 31, announced he
was setting a new minimum salary of $70,000 at
his Seattle credit card processing firm, Gravity
Payments, and slashing his own million-dollar pay
package to do it. He wasn't thinking about the
current political clamor over low wages or the
growing gap between rich and poor, he said. He
was just thinking of the 120 people who worked
for him and, let's be honest, a bit of free publicity.
The idea struck him when a friend shared her
worries about paying both her rent and student
loans on a $40,000 salary. He realized a lot of his
own employees earned that or less.
Yet almost overnight, a decision by one small-
business man in the northwestern corner of the
country became a swashbuckling blow against
income inequality.
Whether you support his actions or not, ask
yourself this question: what does it say about our
society that a young man slashing his own salary
to increase that of his employees draws more ire
than a CEO raising his own salary to 70 times that
of an average employee?
Most mystifying of all, though, are the employees
leaving because their coworkers got a pay raise to
$70000, while they themselves already earned
$70000. I don't understand this mindset. You still
have your salary. You still get your $70000,
except now your fellow men and women on the
work floor also get it. Is your self-worth really
derived from earning more than the people
around you? Is your sense of self really dictated
by how much more you earn than Jim from
accounting or Alice from engineering?
I personally think this is a step most employers should consider. What do you think?
Source: mobile.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roared.html?referrer=

Three months ago, Mr. Price, 31, announced he
was setting a new minimum salary of $70,000 at
his Seattle credit card processing firm, Gravity
Payments, and slashing his own million-dollar pay
package to do it. He wasn't thinking about the
current political clamor over low wages or the
growing gap between rich and poor, he said. He
was just thinking of the 120 people who worked
for him and, let's be honest, a bit of free publicity.
The idea struck him when a friend shared her
worries about paying both her rent and student
loans on a $40,000 salary. He realized a lot of his
own employees earned that or less.
Yet almost overnight, a decision by one small-
business man in the northwestern corner of the
country became a swashbuckling blow against
income inequality.
Whether you support his actions or not, ask
yourself this question: what does it say about our
society that a young man slashing his own salary
to increase that of his employees draws more ire
than a CEO raising his own salary to 70 times that
of an average employee?
Most mystifying of all, though, are the employees
leaving because their coworkers got a pay raise to
$70000, while they themselves already earned
$70000. I don't understand this mindset. You still
have your salary. You still get your $70000,
except now your fellow men and women on the
work floor also get it. Is your self-worth really
derived from earning more than the people
around you? Is your sense of self really dictated
by how much more you earn than Jim from
accounting or Alice from engineering?
I personally believe this is a step in the right direction.
Source:mobile.nytimes.com/2015/08/02/business/a-company-copes-with-backlash-against-the-raise-that-roared.html?referrer=

This really cracked me up. Edo students wud top every class. Showoffs

decode55:
What alliance?

Keep borders safe with what?

Rusty Ak47 rifles?

Wake up bro.

Well, d way I see it, we v d numbers, countries lyk RSA and Egypt v d technology. If we all pooled resources, we cud present a unified front that would at least hold off attackers. Its js about seeming threatening to attackers. We're develpoing nuclear plants, y'know.
Js kidding sha. Know we'll b eaten alive.

Well, if WWIII breaks out, Nigeria's best bet is 2 form an alliance with other African countries and keep our African borders safe. #teamnonaligned

Ishilove : this is a no-brainer. I lyk her literature. And I also lyk sum of her responses wen she's called out. The beautiful supermod gets top spot.
Lalasticlala : like his informative posts. He gets second place.
Sile12: I admire his research on informative topics.
INTROVERT : This lady probably has the fastest fingers on NL and what's more, she has a good eye for picking out fp topics.
Honourable mentions: joecutie, tosyne2much, angieberry, kilode100, cutehector for their back-and-forth banters that always keeps threads interesting

Omotayor123:
Haterz bin counting....

Tell us how many people died during Jonathan's Tenure


Cry me a river. Hypocrites!!!.






Boko Haram will be Abolish. Buhari will do it successfully. Then, Tanoids can hug Transformer.

Iranu#

I'm not a gej or pmb fan. I js wanted to get that out of the way first.
Also, pmb has done nothing to add to what gej did in fighting bh.
Dey were as gud as crushed as at d inaugration date.
Now, its js as if deyve bn given the freedom to roam about. They are gradually regaining momentum.
I support the attacks on the ND militants bh seriously, was dt d most pressing issue.
Fink he shud get the security issue sorted out b4 any oda thing because that's the most inportant thing. Human lives isn't a joke.
Insecurity also has adverse effects on d economy.
I'm tired of waiting for Mr. President to start getting things done n beginning to believe dt he is js too old to rule.
As it stands, even though there is no gain in comparison, Gej was a far better option.
#myopinion.