₦airaland Forum

ExaltedINChrist:
All I need is 100k to execute a business plan I have.... I just wish my wish can come through Lord!
08077685440

tanker2020:
Not too many are aware that they can actually ’make a killing’ in any season in the Nigerian Petroleum downstream sector. Yes, it’s a known fact that people and organizations in the Nigerian petroleum downstream industry are making it big time but most spectators don’t know how the systems works.

There are different segments of the Nigerian petroleum downstream sector you can invest in and get a mouth-watering return on investment if you come in first having in mind to trade and deliver service swiftly and efficiently as you possibly can.

This is indeed a time for Nigeria and the citizens to do a re-think because it will never be business as usual. Professor Charles Soludo a former central bank of Nigeria governor, corroborated this when he said that the way we work, socialize, meet and greet after the Covid -19 crisis and that it wont be the end of techno -economic disruptions or health pandemics even in this decade. He said that ''this is an opportunity to "think without the box"- to engender greater confidence in our capacity to think through our problems, with authentic sustainable solutions". According to him, Africa including our dear country Nigeria, that both the government and her people are begging for palliatives.'' And the question i ask is ; Why beg to feed when there are still lots of lucrative sectors willing to accommodate you even in this period.

The essence of this write up is for a preliminary expose’ on the systems of some segments in the Nigeria petroleum downstream sector. However, some may read these submissions and still ask how all of these affects them. But i will like to state the obvious that at the moment , survival is of utmost importance in the minds of most if not all as it stands irrespective of status.

According to the Bureau of National statistics, Nigeria’s unemployment rate stood at a six year high of 23 per cent in the third quarter of 2018. As per the data on unemployment of 2010 – 2019, 3.5 million Nigerians as at 2010 were unemployed and it increased to 21 million in 2018 and by 2019, it had hit 23 million. If I may ask a question, when what you have today as a job, or what you call business is taken away from you, what else will you be able to do like immediately? Think about it and keep the answers to yourself as there is a popular adage in Igbo land that says: “No man goes climbing asking someone to put water on the fire for him with the intention of falling off the tree.” Agree with me if you will, being wary of the inevitable is not cowardice.

A Daily Post publication of 2nd May 2019 quoted the Minister of Labour and Employment, Senator Chris Ngige during a workshop saying that it is projected that the unemployment rate for Nigeria will reach 33.5 per cent by 2020 with consequences that are better imagined if trend is not reversed.
The fifteen years i have put in the Nigerian Petroleum downstream sector with regards to shipping logistics is no where near the over 40 years many have put in the industry. But the desire to share my experience is my motivation and since you are still following, let us give a breakdown of these segments of the Nigerian petroleum downstream sector that you can invest in and join the lots who are currently making it big time despite the disruptions caused by the Covid-19 pandemic.

Please note that in spite of the past, current and future positive outlook of the sector, I have been told severally by skeptics and cynics that it is short-sightedness and completely lacking in vision to see a future in the Nigeria Tanker Shipping Industry in a world of emerging renewable energy, fast rising world mobility leading to the production of electronic vehicles, the near completion of the Dangote refinery at Ibeju Lekki Lagos and the Nigeria National Petroleum Corporation (NNPC) ongoing turn around maintenance of the four (4) refineries in Nigeria. As we progress, i will highlight the reasons the industry will continue to thrive notwithstanding improvements in world eco-innovations or challenges caused by covid-19 pandemic or any other crisis for that matter.

I would like to let you know that there is something worthwhile in there for everyone irrespective of your financial capacity and class in the society.There are over twelve (12) segments in the sector that i would want us to talk about but let us begin with the Trading and Marketing Segment.

The trading and marketing segment is one segment I consider to be bigger than other segments in the Nigerian Petroleum downstream sector apart from the refining of petroleum crude oil. The players; foreign oil traders and local petroleum marketers are responsible for the purchase, marketing and distribution of the products gotten from crude oil.

(A) Foreign Oil Traders: They are the ones given the responsibility by NNPC (Nigerian National Petroleum Corporation) to bring in petroleum products into the country. They have a running SWAP deal with NNPC/PPMC(Pipeline and product Marketing Company). They were awarded contracts under the Direct Sale Direct purchase (DSDP) agreement with NNPC/PPMC. Under this agreement, they offtake crude oil and in return, deliver corresponding petroleum products of equivalent value to NNPC subject to the terms of the agreement. They are buyers at some point and sellers at another time. They are mostly foreign companies but domiciled here in Nigeria. Some of them are; British Petroleum (BP), Trafigura, Vitol, Total International, Bono Energy, Mocoh SA & Mercuria Energy. The ineffectiveness of these companies will definitely lead to the scarcity of petroleum products in Nigeria. They hire vessels abroad from their owners, load them with petroleum products and she sails for the ultimate arrival at Lagos offshore where she is then programmed by PPMC for discharge Via Ship to ship (STS) or at any of the berths at the inner anchorage.
(B) Oil marketers: These are indigenous oil & gas companies. They are well involved in the local marketing and distribution of petroleum. They either own jetties with tank farms or uses the storage facilities of other marketers for cargo storage purposes. They buy products directly from foreign oil traders and sometimes from NNPC/PPMC through the PFI system, a loading allocation given to local oil marketers to buy and load petroleum products from PPMC coastal and import vessels offshore. Some of the local petroleum marketers are; A.A Rano,RainOil, AYM Shafa, Masters Energy, Asharami Synergy etc. PPMC sometimes reach a throughput agreement with some of these oil marketers to store up their products in the marketers’ tank storages at a cost per ton for the period of storage.
When products are bought by these local oil marketers either from PPMC or directly from foreign oil traders, a vessel is chartered from ship owners locally or abroad for the purpose of proceeding offshore alongside the import tanker to load the cargo paid for. Prior or most times upon completion of loading, the oil marketer appoints a shipping port agent whose responsibility is to monitor the loading and ultimate discharge of the cargo either offshore or at berth. Both foreign oil traders and petroleum marketers appoint ship agents to berth vessels on their behalf depending on drawn programs for the vessels.
Foreign oil traders and local petroleum marketers in consortia throw in bids for Nigeria’s annual swap deal tenders for crude offtake and delivery of refined products. Only companies with the capacity to supply petroleum products to the country are considered for such contract award. These companies’ off-take crude and in return deliver corresponding petroleum products of equivalent value to NNPC.
I know you must have started thinking by now that how on earth will I be able to invest in this segment of the industry.
Remember I said earlier that there is something for everyone irrespective of your financial status or class in the country. What I am saying today may not be for everyone just as this segment of the sector isn’t for everyone. But I know that if you don’t have it or can’t have it, you may know someone who can.
The tender to off-take crude in return for petroleum products opens up every year as the one currently running expires on the 30th of September 2020.
Let us take a look at this segment, digest the information here,come up with questions if necessary and give our inputs as well if we so desire.

I will be right back.

Tanker 2020

EntropicalUs:
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I am Josiah. Interested in your financial welfare.

Contact me on: 08181971898

Daniel259:
Before you ask, I am not the owner of the money or the company.

I am getting paid for doing Giveaways

If you want to be like me or want to benefit message me now.

All account number for giveaway will be from a specified bank.

Be ready to open a new bank account..

Both as Beneficiary and as worker.

#09032360612

#1000For1000

Heloct:
A man said.. 'even in an example, my wife can't be raped'

deal4real01:
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ernie4life:
MTN commercial papers is currently available for a minimum of 1,000,000 naira

DexterousOne:
You and your types here clearly do not understand the game these Westerners are playing

And it's a big shame


Africans eh

goaldynboy:
How much?

I'm waiting for a phone with inbuilt cinema projector .....

.....So I can put white cloth on the wall and watch movies with it

Wake me when any phone company does that!!!!

ajl:
You are just typing nonsense. The fact that you have to state that you are a Nigeria for us to know mean you can't make reasonable comments without dissociating the fact that you are a Nigerian. Who care? You can as well be an ET. As if Adeshina has no CV or he started out in a Nigerian organization.

benji93:
Be reasonable when making your comments. AfDB must have rules that are applied in such a situation. The Ethics committee could not have been headed by its president. And why would you call it a sham? Because it was presided upon by African leaders? Because the west says so? What a show of inferiority. The timing is particularly suspect, given the fact that the elections will be conducted soon. Meanwhile, according to a report by the African report, the chairman of the committee, may have violated the bank's rules by sending the whistleblower's report to the board of directors before consulting the legal advice department. This accusation may not even matter, cos their intention may just be to entrap him in a long-winded investigation that puts his re-election bid in jeopardy.

Hightser:
Hello guys, so I'm skeptical about this decision I'm about to take, my girlfriend will be joining the next batch of NYSC and I have been thinking of telling her to work it to Lagos.

Truth is, she learned fashion design sometime and she likes modelling for clothing brands and she teaches too, I believe with all of this she stands a chance of getting something tangible in Lagos than going to serve in one village.

My fear is this, (I recently got an accommodation, a single room self contain on the island, haven't even told her yet)
So I need time to plan my future, I'm not fit financially to start fending for someone, if I am then my younger sister should be the one to come over ( though her service year is next year)

But if my gf is to come here, the agreement will be clear and concise, you fend for yourself while I fend for myself, don't worry, the relationship is that defined and she understands.

My reason of wanting to do this for her is cause she has been very nice to me and she has helped me out financially and otherwise in the past though I repaid her.

But guys, my major fear is living with a girl in the same house, won't attachment get serious, what if she gets pregnant? I don't want anything to hinder my plans, I'm 29 actually and I'm not planning to settle down anytime soon.

Please I need advice and contributions.

iwaeda:
He was exonerated EARLIER, why this probe again?

madness007:
Nowadays taking a loan can be very difficult. I've been through a very bad situation and I needed to get some money as soon as possible. I went to the local bank and they refused to give me a loan. I needed a good credit story, a permanent job, and many other things that I didn't have. I was really desperate, but at the last moment, one of my friends has recommended me a really good lending company which has given me a 3-month loan without any problems. I was extremely happy, these guys have just saved me. Moreover, they have a really low interest, so it was a perfect option for me.

barnny:
Pls there is this question bothering me for some times now. It has become a constant headache during and after every interview.
Pls my Dear Honourable members in Nairaland, Is gap teeth in anyway an excuse interviewers use to disqualify people from any job, Most especially on banking jobs?

I have attended several interviews where I am convinced that i tried during the interview but unfortunately ended up not being shortlisted. I am beginning to think that my gap teeth might be a hindrance to all of my dream jobs...

Recent I applied for a Banking job, Service Executive to be specific where I got shortlisted for Aptitude test for three times. Latter on after some days i received an invite that i have been shortlisted for Virtual interview which was last week. Early this week I took part in the interview were i was told they will get back to me through mail.

Today i just got a reply that my experience, profile and presentation were remarkable but However, they regret to inform me that I was not recommended at the end of the interview session.

Without been told I already knew My open teeth is behind this again.
Pls help me out on this, if i should stop wasting my time, energy and money applying for jobs. Honestly I'm beginning to get depressed of all the emotional trauma.

The question is Should i stop applying for jobs like banks? Do I still have hope? How will I start imagine things when My age exceed their limit, knowing fully well that banks has limited age range.

Pls help a brother before depression will weigh me down. Below is the screenshot of the message i got from the recruiters and my gap teeth

ndyfaby:
N50Billion CBN COVID-19 Loan for Households and SME Businesses. As part of the measure to reduce the impact of COVID-19 pandemic on businesses in Nigeria, the Federal government of Nigeria through the Central Bank of Nigeria (CBN) have introduced COVID-19 intervention loans for Households, SME and MSME.

The COVID-19 Support fund will be distributed by NIRSAL Microfinance Bank and come with an Interest rate under the intervention is 5% P.A. (all-inclusive) up to 28th February 2021 and thereafter, the interest will revert to 9% P.A. (all-inclusive) as from 1st March 2021,

Step by Step to Apply and How it works

Follow the steps below for detailed guidelines on how to apply;

Step 1 - You Get Trained

Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2 - You Apply For the Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3 - You Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4 - Get Business Support Services

The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.

Step 5 - Make Sales

Sell products and services to pay back the loan and make a profit.

Step 6 - Repay Loan

Run your business, keep proper records, monitor sales, and expenses to maximize profit, and pay back the loan.

Note:

This loan scheme does not require a collateral.
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight( weeks.
Disbursement has started and has disbursed over N25B and this is still ongoing.
N50Billion CBN COVID-19 Loan

Eligibility Criteria:
Be a Nigerian citizen
Own/operate Household or SME Business or Enterprise
Would like a 1M - 10M Naira one digit loan facility

Requirement:
Loan application letter
Duly completed application form
Duly executed Guarantor form
A valid means of ID (national ID, driver’s license, voter’s card or international passport)
Current utility bill
2 recent passport-size photographs
BVN

How to Apply

To get started, click here to Apply

Prof1994:
Okay sir

Antibettings:
Sent

Antibettings:
Mr saint


The police man said
Humans are Like water!
That I big pass that

Mist100:
Does anyone have any experience supplying retail outlets like shoprite, spar etc I am interested in supplying these outlets clothing apparels.

Please guys before setting out I would love to have a picture of what to expect.

Ofuji:
Greetings fellow nairalanders, I'm in a dilemma and I just pray I find help from here..

I'm a graduate (futo precisely), finished school since 2014, till now no job, my parents are old and can't do Anything basically again, my younger sister is about dropping out of school because there is no money for her HND form...


I've thought about this and it's making me depressed, I need help.. I did some menial jobs to be able to raise the sum of 200k , now I need a car for a hire purchase, I promise to deliver weekly basis without a fault, I saw a Honda Civic 08 model which cost about 800k , but I don't have such money, if only I can get help or any other good car at your disposal, please treat this as urgent as I don't want to see myself as a failure and disappoint my mom especially, she have been through hell already. I want her to reap what she had sowed ..

Please I need help, help me pls .

I'm based in Abuja