₦airaland Forum

Binsalmad:
Hello guys, not to refute anyone’s assertion but NUPRC’s intake recently where not up to 100 not to talk of 200 they are taking it little by little, they are trying their best to block off politicians because heads of department and commissioner's what to put there own people aswell, total amount of people that might get in this year might be up to 200 or 300 but this last intake where not up to 200. How I know I have a brother and sister that joined DPR.In 2021 my sister was moved to NMDPRA and my brother remained NUPRC. And GT yearly is not up to 13m,people want to join them because their are many ways of making money in this 2 agencies and they travel alot. assalamu alaikum 😊

Bamssiya:
My cousin got their APL letters on Friday.

Ambassador4chri:
Please any news on NUPRC. Do I need to wait for them to come out openly and recruit before I push or is it advisable to push now?

maik99:
Twenty million?!!!
Subhanallah

Realinfo2021:
so it could be anytime as soon as the space gotten is ready which could be anytime. The new building opposite CBN headquarters could not be ready as far September as promised ,it will be ready next year. Therefore,they have to secure a space to accommodate new intakes.Though ,a space have been secured ,just finishing touches. It is being processed which could be ready anytime. Patient is the key. Everything is finished apart from office space. That one is in their hands to facilitate it quickly to make it ready .

CreekOne:
Thank you. But I hadn’t submitted earlier because I didn’t have a professional certificate. Do you have the link, please ?

CreekOne:
Good morning everyone. Please how does one input Graduation Year for Higher Education in the NNPC recruitment portal ? Thank you

otetwo:
Hello guys
My sister submitted her student application since June 24th and on 27th they schedule her for online interview for 5th of July immediately after the interview she was asked to resend her statement of account which she did immediately since then nothing have been said and the passport is still pending showing received by DMC . Has anybody experienced such delay before
She send them an email on Friday and she was told that decision had been made and up till now is still showing received by DMC

Omuka:
let's keep our fingers crossed.

Omuka:
I have no access to my nairaland email, please can you quote me on dead thread with your email?

edublack:
Please kindly help me a make choice between NPA and NCC.
If you have a connect in the above Agency quickly contact them. Something is about to be shared soon.

Deedz:
Do you know if senior HRIS have done theirs?

Eyitayo29:
Hello, is there anyone who got invitation for interview after taking test for the TotalEnergies EP Nigeria CPFA Limited?

Thank you.

Aanumi16:
People that wrote test today, give us hint on what to expect.

Thanks

Hsolomon:
Regretion mail has been sent.... its time to move on and pls stop all these prophecies!

I wish those who got invite, a huge success 🙌

AmiableMosquito:
WHY YOU SHOULD NEVER INVEST IN SHARES AS A MINORITY SHAREHOLDER

This is based on my personal experience and that of my parents. Investing in shares is better for those who are acquiring majority shareholding or are into frequent trading of stocks. Don’t ever make the mistake of long-term investments as a minority shareholder in Nigeria.

Shares of over 4m naira I acquired in 2008 is now worth about 900,000 in 2024.
About 3000 units Omega Bank shares (purchased in 2005) and over 2000 units of Platinum Bank shares (purchased in 2008) had to be forfeited because the companies were delisted from the Nigerian Stock Exchange. What then is the function of SEC if they cannot protect investors?
10000 units of AP petroleum shares I bought at 250 naira per unit in 2008 became less than 18 naira per unit after Ardova PLC took over AP Petroleum. Now, Ardova has also been delisted without any assurance of pay-out. All that money gone down the drain.

AP Petroleum Shares Scam

https://allafrica.com/stories/200904230002.html
SEC Boss sent on Compulsory leave

https://allafrica.com/stories/200904230358.html
Reps threaten to arrest Otedola over shares scam

https://allafrica.com/stories/200903270560.html
AP shares manipulation.
You impose a fine of only N500,000 after investors have lost billions. Nothing was said about refunding investors.

https://guardian.ng/business-services/shareholders-kick-against-buyout-price-of-ardovas-minority-stakes/
Shareholders kick against buyout price of Ardova’s minority stakes. (The news article has been pulled down by Guardian)

Imagine buying shares at N250 per unit and ending up with N17 naira after few years.

20,000 units of Transcorp Limited shares I bought at 14 naira per share in 2008 is now 10.80naira in 2024. Investing in shares as a minority shareholder is no different from forex gambling or is just a tad better than sports gambling.

The Dangote Flour Mill shares my mum owned was sold to Olams yet the registrars have refused to pay the shareholders. They said they returned the money to SEC and SEC has been promising to pay since 2019.

https://www.icirnigeria.org/n120bn-dangotes-payoff-since-2019-drags-as-sec-keeps-silent-on-investors-money/

https://fij.ng/article/lamido-yuguda-led-sec-withholds-over-12bn-shareholders-funds-for-years/#:~:text=Investigations%20by%20THECONSCIENCEng%2C%20a%20Nigerian,years%2C%20citing%20countless%20administrative%20bottlenecks.

https://sunnewsonline.com/shareholders-kick-as-sec-keeps-mum-over-alleged-hoarding-of-n12bn-investors-funds/

Before Intercontinental Bank was sold to Access Bank, my mum held 4000 shares in ICB. However, the acquisition clause was that for every 8 units you hold in ICB, you will get only 1 unit in Access Bank. This is the same with Diamond Bank where I had 1000 shares. For every 7 units you hold in Diamond Bank, you will get only 2 units in Access Bank. This is also our experience with Oceanic Bank after its acquisition by Ecobank. There are many of such shares that we own that are now almost valueless or totally lost because of mergers, delisting, winding down of companies etc.

DIVIDENDS
My mum has thousands of shares in over 30 Companies yet she barely got a total of N40,000 from annual dividends last year. The thousand of shares I own in several companies also own pay a very paltry sum as annual dividends. These are shares that were bought with substantial amounts of money almost a decade ago (for me) and several decades ago for my mum.

Again, if you are not a major investor with hundreds of millions or perhaps billions and you are not a frequent trader, please stay away from the stock market, it will impoverish you on the long run.
Imagine how AP petroleum (I don’t want to mention a person’s name) made away with investors money. Look at Heritage Bank that was recently delicensed, what is the fate of the minority shareholders? SEC will not protect you. That is another agency the government needs to put a spotlight on. Too many news articles about their scandalous operations online. I will share some here.

https://www.premiumtimesng.com/opinion/editorial/4405-analysis_sec_a_regulator_tainted_by_corruption_immorality.html

https://www.premiumtimesng.com/news/headlines/257672-golden-handshake-how-sec-board-approved-n1-7-billion-for-staff-retirement-package.html

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.nigeriacommunicationsweek.com.ng/frc-accuses-sec-npa-of-not-remitting-n28-27bn/&ved=2ahUKEwiKs7Ch0eGGAxVlWkEAHSnpBKA4FBAWegQIHRAB&usg=AOvVaw2q07pkFezaCMCX52pZ_5HD

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.premiumtimesng.com/business/167882-securities-and-exchange-commission-has-no-profit-since-2009.html&ved=2ahUKEwjJ0euF0eGGAxUVVkEAHfBjB5IQFnoECDAQAQ&usg=AOvVaw2HLQDC-9UTSKsJ_Zcg8MJ6

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.channelstv.com/2024/04/22/sec-workers-seek-exemption-from-50-operating-surplus-remittance/&ved=2ahUKEwjJ0euF0eGGAxUVVkEAHfBjB5IQFnoECDMQAQ&usg=AOvVaw1IwV4g_NwnA-UdP2U04NWO

https://www.google.com/amp/s/punchng.com/senate-indicts-sec-dg-commissioners-in-n594m-vehicle-scandal/%3famp

https://www.google.com/amp/s/punchng.com/senate-knocks-sec-for-spending-revenues-on-salaries-emoluments/%3famp

Since SEC cannot protect small investors, is it not better to scrap the commission instead of wasting revenue on paying bogus salaries to them?

If you want to invest, please invest in real estate or gold. These two almost always never fail.

Picture 1: Shares certificate of Omega bank acquired in 2005 but which is no longer redeemable. Money gone down the drain.

Picture 2: Receipt of shares acquired in 2008. Nigerian breweries was bought at 50 per share then, but it is now 31.90. Platinum Bank was bought at 23 per unit but it is no longer redeemable. Another money gone down the drain. WAPCO was purchased at 55 naira, it is now 34 naira. Dangote Flour purchased at 26.40 per share is what SEC has refused to pay since 2019 after the acquisition by OLAMS.

Picture 3: The response I got from NGX after enquiring about some shares.

And with all these, we are made to believe the Nigerian stock market is currently at its best since inception. I am compelled to ask, what will now be the fate of investors if the stock market is not at its best?

OT17:
It's important to note at this point that TotalEnergies send an auto generated regret mail after 90 days or so after application. Many at times people who get this auto generated regret mail still get to proceed to the next level in the recruitment process. This happened very well at the Total recruitment of 2019. While it's important that we do not attach much emotions to the whole recruitment process it's equally important to remain optimistic regardless of the REGRET MAIL. Cheers!

ZARAMITE:
Please, any update on NNPC recruitment?

I learnt their method of recruitment might be quiet different with the implementation of the PIA.

I also learnt they have over 2000 vacancies at the moment.

Any information on their recruitment?

Mohisah:
Level 10 with that salary? I hope dem get massive allowance sha, if not, i go turn most corrupt staff😂😂

Mohisah:
Una too like wahala😂

MunirML:
NIPOST is recruiting press your buttons though am not sure the take home will take you home in this economy situation

youtuber:
House, who has a legit idea about Naseni salary? Thanks for your expected response

thelords4u:
I just got two jobs:
1. Federal Hospital Job - ₦95,000 monthly
2. General Manager of a subsidiary of a big pharmaceutical company - ₦500,000 monthly.

I have been out of job for 2yrs before these employments, I have really suffered that in those 2years, where my family have disowned cos I have been so poor and hopeless.

Now I want to make the right choice, which job should I pick cos I'm also thinking of japa very soon