Thursday 04 July 2019
BUSINESS DAY
COMPANIES&MARKETS
19
OIL & GAS
Seplat makes case for ANOH gas project at LSE MICHAEL ANI
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eplat Petroleum Development Company Plc has identified the Assa North-Ohaji South (ANOH) gas processing project as very bankable and capable of boosting Nigeria’s domestic gas supply significantly. A Seplat team led by the company’s chief executive officer, Austin Avuru, gave an in-depth presentation on the company’s gas business to investors, sector and financial analysts during its 2019 Capital Markets Day at the London Stock Exchange (LSE) recently. Seplat’s chief financial officer, Roger Brown’s Investor Relations team organised the forum to apprise investors of the company’s gas business with emphasis on the ANOH
gas processing project. In a presentation titled ‘Stability, Performance, Growth,’ the team of six presenters provided the audience with comprehensive information on the company’s existing gas business, market outlook and anticipated ANOH growth trajectory. The ANOH gas processing project is managed by Anoh Gas Processing Company (AGPC), an incorporated joint venture (IJV) between Seplat and the Nigerian Gas Company. AGPC shall develop a 300 Mscfd midstream plant on OML 53 to process future wet gas production from the upstream unit. During his introductory presentation, Avuru highlighted that the ANOH gas processing plant would be the first stand-alone midstream joint venture business between the
Nigerian National petroleum Corporation (NNPC) and a company in the private sector. With the ANOH project, Seplat aims to be the largest supplier of gas to the domestic market. The Seplat CEO added that: “By the time we commission the ANOH project, we will be able to produce 850 Mscfd. “Overall, the gas business was not attractive in 2010 and some years after. Seplat however took a conscious decision to invest in the gas business upon the price of gas inching up as ‘willing buyer willing seller’ commercial terms became possible. The company is uniquely situated within existing gas pipeline network, and therefore leveraged on this to significantly expand its Oben gas plant. The revenue from the expanded Oben gas plant has been impressive motivating the company to seek further investment in gas.”
L-R: Valentine Osuorah, human resources manager, Boulous Enterprise Limited; Chigbo Okeke, head of business, Avant Halogen; Adora Neboh, group head, human resources, Troyka Group; Niyi Aromolaran, founder, The Nehemiah Place, and Kenneth Nta, head, human capital, Halogen Group, at the Avant Halogen organised Career Fair at the Academy Halogen, Ikeja GRA, Lagos
TELECOMS
MTN rewards hackathon challenge winner with $15,000 cloud facility credit SEYI JOHN SALAU
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24 year old Computer Science graduate, Richard Igbiriki from Bayelsa State has won the MTN Nigeria hackathon challenge for developing ‘BloodShare’, a mobile app that provides hospitals with location-based blood donors, allowing patients to quickly find donors in times of emergency. MTN rewarded Igbiriki efforts with a cheque of N100, 000; a laptop, $15,000 Cloud Facility Credit, and access to receive pre-equity funding up to $25,000 from Chinook Capital Investment Fund, in the just concluded MTN Nigeria 2019 edition of ‘21 Days of Y’ello Care’ held at the company’s head office in Ikoyi, Lagos. One of the highlights of this year’s 21 Days of Y’ello care was a hackathon challenge where
young software developers were tasked to create critical solutions to solve health challenges leveraging technology. The annual event provided an opportunity for MTN employees to participate in various community projects. Guided by the theme, “Creating a Brighter Future for the youths,” this corporate social responsibility initiative was focused on youth empowerment, with special focus on developing Nigeria’s burgeoning tech ecosystem for greater impact on national development. Ferdi Moolman, MTN Nigeria’s CEO, said by dedicating several hours towards reaching out and partnering with schools, skill acquisition centres and communities shows how much the communication company’s staffers cares about its host communities.
“Visiting one of the schools brought home the realisation of how blessed we are to live, work and operate in Nigeria. We are here today to count our blessings and celebrate the opportunity to give back to our communities where we serve. This is the real spirit of MTN and what we are about,” said Moolman. Another laudable highlight of this year’s initiative was the focus on raising public awareness on mental health. An 8km walk was held in Lagos, Abuja and Kano attended by hundreds of MTN staff in conjunction with the Lagos University Teaching Hospital Suicide Research and Prevention Initiative. MTN also held a digital media training session for a select group of young Nigerians to educate them on how to become suicide prevention media advocates.
REAL ESTATE
Rent Small Small absorbs furnisure, maid easy to provide end-to-end services to customers IFEOMA OKEKE
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ent Small Small Ltd, a prop-tech platform, providing unique rental solutions to Nigerians has absorbed Furnisure and Maid Easy, in order to provide endto-end services of all lifestyle needs. With this development, Furnisure and Maid Easy, a cleaning, fumigation and laundry service will now operate as a consortium under Rent Small Small . Also, the team at Furnisure and Maid Easy will be fully integrated into Rent Small Small team with Naomi Olaghere acting in full capacity as the Vice President, Operations of Rent Small Small. Rent Small Small which also
seeks to improve home-seekers rental experience and increase home-owners occupancy rate will through this absorption, join forces to provide a comprehensive network of integrated services that will better serve the property, furniture/appliance and cleaning service market. Speaking on the absorption, Tunde Balogun, the chief executive officer of Rent SmallSmall, debunked earlier reports implying that the companies merged, stating that it is an absorption that will enable clients get access to rent-to own-furniture, appliances as well as cleaning services under Rent Small Small. “Contrary to reports of a merger, this is an absorption move that will help create an end-to-end service for all lifewww.businessday.ng
style needs with a large practice team of experienced staff who are dedicated to serving the needs of emerging and growth oriented real estate and lifestyle market in the country. “For us, it will always be about the customer. We assure you that our pricing, product and support procedures will remain unchanged for now, and we intend to incorporate the best features for all our services in the future,” Balogun said in a statement issued by company. He disclosed that the integration work has begun with a key focus on developing and enhancing business processes for more than four industries (Real estate, Furniture and Appliance, Cleaning and Fumigation, Moving services).
Abbey Akinoshun (m), employment law consultant/independent nurse consultant, London; Oyedokun Ayodeji Oyewole (7th r), president/chairman, Institute of Information Management (IIM) Africa; Kate Anolue (6th r), Mayor of London Borough of Enfiled; Meic Pierce Owen (5th r), former chair, Information and Records Management Society (IRMS), and members of the IIM Africa Professional and Honorary Fellows at the 2019 Institute of Information Management (IIM) Africa annual lecture, induction and investiture, at the University of East London, Water Lane London, recently.
L -R: David Jones David, award-winning actor/singer; Chidi Egwu, brand manager, Life Lager; Umunnakwe Nwajiakor, winner of Aba Regionals; Chimaroke Chimex, winner of Aba Regionals; Austine Okweni, Regional Trade marketing manager, Aba, and Bright Chimezie, Highlife Music Veteran, at the Aba regional knockouts for Hilife fest 2019.
TECHNOLOGY
Digifypro seek support in nurturing Africa’s next generation unemployed digital talent JONATHAN ADEROJU
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igifyPRO Nigeria, a not-forprofit initiative facilitated by Digify Africa (a digital skills academy based in South Africa) and supported by Facebook, has called on media agencies and corporate organizations to take up the opportunity in its effort to create the next generation of digital talents. According to Program Director of DigifyPro NG, Florence Olumodimu this will not only help reduced the level of unemployment among talented journalist but also provide participating companies a hungry set of well-trained young talents ready to make an impact. “Since its launch in 2014, DigifyPro has gone from strength to strength and won a number
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of awards along the way. We organised a 8-week intensive digital marketing bootcamp, which started in Johannesburg over five years ago has impacted many young people by kick-starting over 200 careers in the digital world, with critical skills needed within the digital economy,” she said. She noted that Feedback from the participants of DigifyPro Cohort 1.0 and a Cohort 2.0 has been positive and is proof that this initiative is a much-needed one for young graduates, the industry and Nigeria as a whole. “In the intensive 8-week bootcamp supported by Facebook, trainees learn about the full spectrum of digital marketing from SEO to content marketing. They are also given exposure to the industry with weekly live briefs @Businessdayng
set by agencies, where trainees are able to conceptualise campaigns and show off their talents to prospective employers. Most importantly, in the 8 weeks they are given job readiness skills to ensure that they are able to thrive in the workplace and offer value to their employers.” Explaining further she said, “Past participants of DigifyPro NG have had the priviledge of working at some of the biggest agencies in Nigeria such as Fuel Communications, Leo Burnett Lagos, DigitxPlus, IProspect, Nitro121, Isobar, Business School Netherlands Nigeria, X3M Ideas, Teras Doxas, WebCoupers, QVT Media, BrandEye Media, Etu-Odi Communications, Isobar, AMNET, DKT Nigeria, BlueBird Communications, to mention a few.