Jobs in Nigeria Today: “Jobs you can do while waiting to for a full-time job” plus 9 more

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• Jobs you can do while waiting to for a full-time job
• Entry Level Retail Recruitment at Access Bank
• Internship Programme at Access Bank Plc
• Marine Officer at Shell Petroleum Development Company (SPDC)
• Commercial Banking Relationship Manager at Stanbic IBTC Bank
• Fleet Inspection Officer at JMG
• Validation Officer at May & Baker Nigeria Plc
• Customer Service Officer at Baobab Microfinance Bank
• National Programme Coordinator (NPC) at Federal Ministry of Agriculture & Rural Development
• Principal UX Designer at The Wikimedia Foundation

Jobs you can do while waiting to for a full-time job Posted: 22 Jul 2022 12:38 PM PDT During full-time job search You might be a student who just graduated from the University and waiting to get your first job or you might [...] The post Jobs you can do while waiting to for a full-time job appeared first on Jobs Today.

Entry Level Retail Recruitment at Access Bank Posted: 22 Jul 2022 11:19 AM PDT Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across [...] The post Entry Level Retail Recruitment at Access Bank appeared first on Jobs Today.

Internship Programme at Access Bank Plc Posted: 22 Jul 2022 10:19 AM PDT Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across [...] The post Internship Programme at Access Bank Plc appeared first on Jobs Today.

Marine Officer at Shell Petroleum Development Company (SPDC) Posted: 22 Jul 2022 08:36 AM PDT Shell Petroleum Development Company (SPDC) is the pioneer and leader of the petroleum industry in Nigeria. We invest heavily in our employees, which is reflected [...] The post Marine Officer at Shell Petroleum Development Company (SPDC) appeared first on Jobs Today.

Commercial Banking Relationship Manager at Stanbic IBTC Bank Posted: 22 Jul 2022 07:59 AM PDT Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for [...] The post Commercial Banking Relationship Manager at Stanbic IBTC Bank appeared first on Jobs Today.

Fleet Inspection Officer at JMG Posted: 22 Jul 2022 06:19 AM PDT JMG is a diversified solution provider with a broad portfolio in power generation, electrical infrastructures, industrial equipment, elevators & escalators and HVAC solutions. With 20 [...] The post Fleet Inspection Officer at JMG appeared first on Jobs Today.

Validation Officer at May & Baker Nigeria Plc Posted: 21 Jul 2022 10:02 PM PDT May & Baker Nigeria Plc was founded on September 4, 1944 as Nigeria’s first pharmaceutical company. It has its origin in England, the United Kingdom [...] The post Validation Officer at May & Baker Nigeria Plc appeared first on Jobs Today.

Customer Service Officer at Baobab Microfinance Bank Posted: 21 Jul 2022 09:55 PM PDT Baobab is an investment company whose mission is to create a group of leading microfinance banks and finance companies that provides financial services and savings [...] The post Customer Service Officer at Baobab Microfinance Bank appeared first on Jobs Today.

National Programme Coordinator (NPC) at Federal Ministry of Agriculture & Rural Development Posted: 21 Jul 2022 11:14 AM PDT Primarily funded by the Federal Government, the Ministry currently superintends almost fifty parastatals operating as either key departments or agencies across the country. National Programme [...] The post National Programme Coordinator (NPC) at Federal Ministry of Agriculture & Rural Development appeared first on Jobs Today.

Principal UX Designer at The Wikimedia Foundation Posted: 21 Jul 2022 10:48 AM PDT The Wikimedia Foundation is the nonprofit organization that hosts and operates Wikipedia and the other Wikimedia free knowledge projects. Our vision is a world in [...] The post Principal UX Designer at The Wikimedia Foundation appeared first on Jobs Today.

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The simple and complicated story behind Buffett's massive oil buy

What does Warren Buffett really want buying up shares of Occidental Petroleum? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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As the old E.F. Hutton commercial said: When Warren Buffett talks, they say people listen. ‌ But when Buffett talked about Occidental Petroleum (OXY) at Berkshire Hathaway's (BRK-A) annual meeting on April 30th, how many really heard what the Oracle of Omaha was saying? ‌ If anyone skipped that part, investors aren't tuning out now, as Berkshire owns nearly 20% of the company. ‌ Buffett’s investment in Occidental Petroleum is both simple and complicated. Simple: “What [Occidental CEO] Vicki Hollub was saying made nothing but sense,” Buffett told shareholders earlier this year. “And I decided that it was a good place to put Berkshire’s money.” ‌ Elementary, my dear Buffett. Walking his talk, Buffett has been buying Occidental shares seemingly every day. ‌ There’s a more complex tale though, with head-spinning backstory that goes back years for Buffett and decades for Occidental. ‌ Oxy Pete, as the company is known, was founded 102 years ago in California. Smaller than the fully-integrated Seven Sisters — BP, Shell, Chevron, Gulf, Texaco, Exxon, and Mobil — Oxy enjoyed an outsized reputation in large part because of the company’s patriarch, Armand Hammer, company CEO from 1957 until 1990. ‌ Colorful does not begin to describe Hammer.

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Friends with myriad global leaders, Hammer was called “Lenin’s chosen capitalist,” due to his deep relationship with Russia. Hammer opened up Libya and locked horns with Qaddafi. He tried to buy Church & Dwight, owner of Arm & Hammer baking soda, because the name of that product was almost eponymous. Hammer was a great collector of art, made illegal campaign contributions to Richard Nixon, and actor, Armie Hammer, is his great-grandson. ‌ "Occidental made its name in the late 1950s as an international, independent looking for opportunities drilling and producing oil," says University of Iowa professor Tyler Priest. "Hammer was a huge risk taker not only in doing deals with foreign governments, but in mergers and acquisitions." ‌ Oxy today, though, is a far cry from what it was during Hammer's time. CEO Vicki Hollub is a mineral engineer who worked her way up through the company after coming on board when Oxy bought Cities Service in 1982. ‌ Domestic oil and gas production now accounts for 83% of its business and with $29 billion in annual revenue, Oxy is by this count the 43rd largest oil producer in the world and the 11th biggest in the U.S. ‌ Oxy has a significant stake in the Permian basin, in part due to its acquisition of Anadarko in 2019, which is when Buffett entered the picture. ‌ That year, Oxy made a hostile bid for Anadarko, which had already agreed to be bought by Chevron (CVX). ‌ Oxy went on the prowl for funding and the story Buffett told CNBC goes as follows: “I got a call in the middle of the afternoon from Brian Moynihan, the CEO of Bank of America. And he said that they were involved in financing the Occidental deal, and that the Occidental people would like to talk to me.” ‌ Buffett agreed to give Hollub $10 billion in cash in exchange for preferred stock and warrants giving Berkshire a 10% stake in Oxy. Buffett said at the time the bet was essentially a bet on a rising price of oil. A wager that would be interrupted by the pandemic. ‌ After the COVID-19 pandemic swept the globe, crude oil prices crashed. (And famously went negative in the spring of 2020.) Occidental’s stock fell to $10, no doubt paining Buffett. ‌ As part of his preferred stock investment, Buffett was receiving dividends of common stock in Occidental. Which, in the second quarter of 2020, Buffett sold in full. ‌ Buffett’s sale only made matters worse for Hollub, and by the fall of 2020 the stock had dropped below $9. But as the global economy and oil market recovered, so too did Oxy’s stock, which climbed all the way back up to around $40 by early this year. And Buffett’s take on Oxy appeared to shift again. ‌ As Buffett told shareholders at this year's annual meeting, things changed when Buffett read Oxy's earnings call for the fourth quarter of 2021 along with its annual report. ‌ "Vicki Hollub was saying what the company had been through, and where it was now, and what they planned to do with the money," Buffett told shareholders earlier this year. As noted at the start of this piece, these were the comments that made "nothing but sense." ‌ So Buffett instructed Mark Millard, who executes Buffett's stock trades at Berkshire Hathaway, to start buying. "And in two weeks," Buffett said, "he buys 14% out of 60% [of Occidental's shares that were outstanding." ‌ This spring and summer, Buffett added to his position and now owns 19.4% of Oxy, just below the 20% threshold that would require Occidental's results to be consolidated within Berkshire's quarterly numbers. ‌ According to data from the folks at Business Insider, Buffett's weighted average cost comes out to around $53 per share. On Friday, Occidental closed at $61.06. ‌ So: What’s Buffett’s endgame? Will he buy all of Oxy? Who knows. ‌ Berkshire and Occidental declined comment. ‌ It could be that Buffett, who always appreciates a company with a robust return on equity (ROE), likes the job Hollub has done at Oxy, which returned 16% on its equity last year and is tracking towards 30% this year, according to data from Value Line. ‌ Should you buy Oxy? Again, who knows. ‌ Your take on climate change might inform your decision. Sure Oxy is taking steps to offset carbon, but you don’t buy an ice cream shop if you believe strongly in dieting. ‌ “If you're negative on carbon based fuels, Oxy is probably not the one,” says market analyst and trader Bob Iaccino, who owns the stock. ‌ As for buying it just because Buffett owns, Iaccino has a take there too. ‌ "I wouldn't buy something because Warren Buffett did," Iaccino says. "And I would not buy something because Warren Buffett didn't." ‌ Again: simple and complicated.

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Jobs Today, Finance and General News in Nigeria and Worldwide Edit Unfollow Entry Level Training Program (ELTP) Recruitment at Access Bank Plc by Editor Jul 22, 2022 Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across [...] The post Entry Level Training Program (ELTP) Recruitment at Access Bank Plc appeared first on Jobs Today. Continue Reading Jobs you can do while waiting to for a full-time job by Editor Jul 22, 2022 During full-time job search You might be a student who just graduated from the University and waiting to get your first job or you might [...] The post Jobs you can do while waiting to for a full-time job appeared first on Jobs Today. Continue Reading Entry Level Retail Recruitment at Access Bank by Editor Jul 22, 2022 Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across [...] The post Entry Level Retail Recruitment at Access Bank appeared first on Jobs Today. Continue Reading Internship Programme at Access Bank Plc by Editor Jul 22, 2022 Access Bank Plc is a full service commercial Bank operating through a network of about 366 branches and service outlets located in major centres across [...] The post Internship Programme at Access Bank Plc appeared first on Jobs Today. Continue Reading Marine Officer at Shell Petroleum Development Company (SPDC) by Editor Jul 22, 2022 Shell Petroleum Development Company (SPDC) is the pioneer and leader of the petroleum industry in Nigeria. We invest heavily in our employees, which is reflected [...] The post Marine Officer at Shell Petroleum Development Company (SPDC) appeared first on Jobs Today. Continue Reading Commercial Banking Relationship Manager at Stanbic IBTC Bank by Editor Jul 22, 2022 Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for [...] The post Commercial Banking Relationship Manager at Stanbic IBTC Bank appeared first on Jobs Today. Continue Reading Fleet Inspection Officer at JMG by Editor Jul 22, 2022 JMG is a diversified solution provider with a broad portfolio in power generation, electrical infrastructures, industrial equipment, elevators & escalators and HVAC solutions. With 20 [...] The post Fleet Inspection Officer at JMG appeared first on Jobs Today. Continue Reading

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