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PEOPLES DAILY, THURSDAY, JUNE 10, 2021
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PEOPLES DAILY, THURSDAY, JUNE 10, 2021
Stock Watch: Wednesday, June 9, 2021 Low
OPEN Volume Close High
2.80 3.15 0 1.94 3.94 0 0.27 0.27 0 0.64 0.64 0 4.60 8.60 0 37.00 68.30 0 3.79 4.21 0 9.65 10.05 0 31.50 34.00 0 1.90 1.92 0 18.45 18.45 0 1.72 1.84 0 23.25 23.25 0 0.20 0.20 0 0.20 0.20 0 6.10 6.10 0 1.75 1.75 0 186.00 186.00 0 6.00 6.65 0 14.60 14.55 0 1.80 2.00 0 3.37 3.37 0 4.30 4.70 0 14.00 14.00 0 7.35 7.80 0 1.62 1.65 0 1.91 1.96 0 4.95 4.95 99 0.33 0.33 0 21.85 21.85 0 29.60 30.70 0 0.20 0.20 0 12.20 13.05 0 32.60 32.95 0 72.00 72.00 0 1.18 1.18 0 1.53 1.53 0 31.50 31.50 0 0.51 0.54 0 0.20 0.20 0 23.25 23.25 0 0.44 0.44 0 0.30 0.30 0 1.36 1.36 0 0.72 0.72 0 0.52 0.49 0 1.83 1.83 0 2.45 2.45 0
Top Gainers
Symbol CHANGE
Trades
5.80 6.00 ACCESS -0.35 3.94 3.94 AFRIPRUD 0.00 0.27 0.27 AGLEVENT 0.00 0.64 0.64 AIICO 0.00 8.60 8.60 BERGER 0.00 67.00 67.00 BETAGLAS -1.30 3.79 3.79 BOCGAS -0.42 9.65 10.05 CADBURY -0.40 31.50 31.50 CAP -2.50 1.90 1.90 CAVERTON -0.02 18.45 18.45 CCNN 0.00 1.72 1.72 CHAMPION -0.12 23.25 23.25 CONOIL 0.00 0.20 0.20 CORNERST 0.00 0.20 0.20 COURTVILLE 0.00 6.10 6.10 CUSTODIAN 0.00 1.75 1.75 CUTIX 0.00 186.00 186.00 DANGCEM 0.00 6.00 6.25 DANGFLOUR -0.65 14.60 14.60 DANGSUGAR 0.05 1.80 2.00 DIAMONDBNK -0.20 3.37 3.37 EKOCORP 0.00 4.30 4.30 ETERNA -0.40 14.00 14.00 ETI 0.00 7.45 7.60 FBNH -0.35 1.62 1.67 FCMB -0.03 1.92 1.98 FIDELITYBK -0.04 4.95 4.95 FIDSON 0.00 0.33 0.33 FIRSTALUM 0.00 21.85 21.85 FLOURMILL 0.00 29.60 29.60 FO -1.10 0.20 0.20 FTNCOCOA 0.00 12.20 12.20 GLAXOSMITH -0.85 33.50 33.50 GUARANTY 0.55 72.00 72.00 GUINNESS 0.00 1.18 1.18 HONYFLOUR 0.00 1.53 1.53 IKEJAHOTEL 0.00 31.50 31.50 INTBREW 0.00 0.53 0.53 JAIZBANK -0.01 0.20 0.21 JAPAULOIL 0.00 23.25 23.25 JBERGER 0.00 0.44 0.44 JOHNHOLT 0.00 0.30 0.30 LASACO 0.00 1.36 1.36 LEARNAFRCA 0.00 0.72 0.72 LINKASSURE 0.00 0.52 0.52 LIVESTOCK 0.03 1.83 1.83 MANSARD 0.00 2.45 2.45 MAYBAKER 0.00
Stock Close Gain UPL 1.14 0.13 LIVESTOCK 0.52 0.01 SOVRENINS 0.21 0.03 OKOMUOIL 60.00 1.80 GUARANTY 23.50 0.55
Low 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
OPEN Volume Close High
Symbol CHANGE
Trades
0.11 0.21 0 0.21 0.21 MBENEFIT 0.00 0 0.43 0.43 0 0.43 0.43 MCNICHOLS 0.00 0 1.05 2.05 261 2.05 2.05 MEDVIEWAIR 0.00 0 124.80 184.80 0 184.80 184.80 MOBIL 0.00 0 0.20 0.20 970 0.20 0.20 MULTIVERSE 0.00 0 3.50 3.50 0 3.50 3.50 NAHCO 0.00 0 18.00 18.00 0 18.00 18.00 NASCON 0.00 0 78.50 78.70 0 79.50 79.50 NB 0.80 0 0.78 0.78 0 0.78 0.78 NEIMETH 0.00 0 2.60 2.60 0 2.60 2.60 NEM 0.00 0 552.20 552.20 150 552.20 552.20 NESF 0.00 0 1,475.00 1,475.00 0 1,475.00 1,475.00 NESTLE 0.00 0 1.60 1.65 0 1.60 1.60 NPFMCRFBK -0.05 0 4.60 4.80 0 4.60 4.75 OANDO -0.20 0 80.00 76.20 0 80.00 80.00 OKOMUOIL 3.80 0 64.00 64.00 0 64.00 64.00 PRESCO 0.00 0 0.50 0.50 0 0.50 0.50 PRESTIGE 0.00 0 12.30 12.30 0 12.30 12.30 PZ 0.00 0 4.20 4.20 0 4.20 4.20 REDSTAREX 0.00 0 0.20 0.21 0 0.20 0.21 REGALINS -0.01 0 0.50 0.50 0 0.50 0.50 RESORTSAL 0.00 0 0.21 0.23 0 0.21 0.22 ROYALEX -0.02 0 640.00 640.00 405 640.00 640.00 SEPLAT 0.00 0 0.20 0.20 0 0.21 0.21 SOVRENINS 0.01 0 46.50 46.00 0 46.50 46.50 STANBIC 0.50 0 102.00 102.00 122 102.00 102.00 STANBICETF30 0.00 0 1.97 1.96 0 1.97 1.97 STERLNBANK 0.01 0 203.00 203.00 0 203.00 203.00 TOTAL 0.00 0 6.10 6.10 632 6.10 6.10 TRANSCOHOT 0.00 0 1.15 1.21 0 1.16 1.18 TRANSCORP -0.05 0 9.60 9.60 0 9.60 9.60 UACN 0.00 0 1.74 1.92 0 1.74 1.74 UAC-PROP -0.18 0 7.60 7.80 0 7.90 7.95 UBA 0.10 0 6.00 6.05 0 6.00 6.05 UBN -0.05 0 2.89 2.94 0 2.89 2.91 UCAP -0.05 0 36.30 37.00 0 36.30 36.30 UNILEVER -0.70 0 0.27 0.27 0 0.27 0.27 UNIONDAC 0.00 0 1.00 0.99 0 1.00 1.00 UNITYBNK 0.01 0 2.04 1.97 0 2.14 2.14 UPL 0.17 0 0.23 0.23 0 0.23 0.23 VERITASKAP 0.00 0 4.50 4.99 0 4.50 4.50 VITAFOAM -0.49 0 11.30 11.50 0 11.30 11.65 WAPCO -0.20 0 0.40 0.40 0 0.40 0.40 WAPIC 0.00 0 0.59 0.61 0 0.59 0.61 WEMABANK -0.02 0 21.20 22.70 0 21.70 22.50 ZENITHBANK -1.00 0 Copyright © 2019 NgTradeOnline
Top Losers
Stock Close Loss DIAMONDBNK 1.30 -0.10 BOCGAS 2.59 -0.22 VITAFOAM 3.50 -0.39 DANGFLOUR 6.00 -0.45 UAC-PROP 1.74 -0.18
NLNG signs Sales, Purchase Agreements to supply domestic LNG By Etuka Sunday
N
igeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in country. The Company will supply 1.1 Million Tons Per Annum (MTPA) of LNG on DES basis to Asiko Power Limited, Bridport Energy Limited and Gas-Plus Synergy Limited. The SPAs will facilitate the project execution and infrastructural development by offtakers to aid LNG delivery into the domestic market. The announcement is coming close on the heels of an NLNGsponsored pre-summit conference of the 2021 Nigeria International Petroleum Summit (NIPS) organised by the Federal Ministry of Petroleum Resources where the Company committed to supporting the deepening of the gas industry and gas utilisation in the country. The execution of the SPAs follows a Domestic LNG (DLNG) Workshop which was held in November 2019 to stress test the delivery model with industry stakeholders and series of engagements to identify suitable actors to co-create the initiative, andto stimulate market interest for potential offtakers. Speaking on the Company’s initiative, Engr. Tony Attah, Managing Director and Chief Executive Officer of NLNG, said the signing and execution of the DLNG SPAs was a strong expression of the Company’s commitment to unlocking the country’s gas potential and making gas count for the good of Nigerians. He added that NLNG was already transforming conversations held at the Decade of Gas event held in March 2021 into concrete actions that Nigerians
can easily relate with. “With Nigeria’s enormous gas reserves, I am not in doubt that with the right drive from the government and the support of corporate organizations, we as a nation can stand with our head held high to be counted among major players. The government has demonstrated its readiness to take the gas sector to the next level by declaring this decade our nation’s Decade of Gas. “We believe this will be the decade for us to leverage on our gas reserves to accelerate our power generation solutions
through Gas-to-Power projects. It will be the decade when as a nation we stop reporting deaths from pollution through the use of wood and solid fuels as domestic energy sources. And it will be the decade for empowering local SMEs to take advantage of the various investment opportunities that the Decade of Gas will attract. “In addition to the Domestic LNG Scheme, we have the ongoing Train 7 project with capacity to attract about $10bn in foreign direct investment. We are also looking to expand the LPG value chain by increasing our supply to
the domestic market, guaranteeing LPG supply and enhancing its affordability, and enabling the development of a value network for a sustainable ecosystem,” he said. The General Manager, External Relations, NLNG, Eyono FatayiWilliams in a statement said, Engr. Attah added that NLNG took similar steps in 2007 when it started supplying Liquified Petroleum Gas (LPG) to the country. He said the Company was looking to expanding the LPG value chain by increasing to 450,000
tons its supply to the domestic market , guaranteeing LPG supply, availability, affordability, and enabling the development of a value network for a sustainable ecosystem. NLNG is an incorporated Joint-Venture owned by four Shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49%), Shell Gas B.V. (25.6%), Total Gaz Electricite Holdings France (15%), and Eni International N.A. N. V. S.àr.l (10.4%).
Gov. Babagana Zulum of Borno (3rd L); Minister of Women Affairs, Dame Pauline-Tallen (3rd R); and other dignitaries, during the commissioning of the renovated Government Girls Secondary School, Chibok in Borno on Monday
Technology, very Germane to Nigeria’s competitiveness in Oil Market – Seplat CEO By Etuka Sunday
T
echnology will play a key role in ensuring Nigeria stays cost competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The Seplat CEO said this in his keynote address titled, “Oil Market Forum: Who Is In Control?” at the ongoing 2021 Nigerian International Petroleum Summit (NIPS) in Abuja. With the International Energy Agency (IEA) setting out a road map to what it believes is required to achieve net carbon zero 2050 coupled with oil prices rising on COVID-19 pandemic recovery, traders betting on sustained revival in oil demand and the activities of OPEC/OPEC+, Brown noted that
the end consumers, suppliers of energy, governments / regulators and providers of capital could b said to be in control of market outcomes. Given the current market realities, he said Seplat has identified cost savings initiatives, flexibility to scale projects, promotion of innovation and gas resource development as major value drivers for all its stakeholders. Brown therefore urged operators and other stakeholders to heighten their priority to increase operational efficiencies and reduce costs, ensured the implementation of high caliber remote working technologies, and adopt new systems, new habits and new patterns that have emerged and impacting work processes.
The Seplat CEO added: “There is the need for pursuit of strategic new opportunities and streamlining operations . Portfolios have been reshaped and capital reallocated to the highest-return opportunities, that is, those best aligned with future value creation and sources of distinctiveness. “Environment, Social and Governance (ESG) principles are now key drivers in how companies plan for long term growth; thus the responsibility of companies to undertake gap analyses and ensure that sustainability thinking is embedded across the organization is very critical at this time.” On oil and gas engagements, Brown urged Nigeria to reduce operational costs, aim to be lowest quartile producer, drive
technological development using Artificial Intelligence; ensure lower costs to market, promote free market pricing for domestic gas with the right fiscal or other incentives, and balance LNG development with Domestic Gas developing both. On electricity, he advised that the country move away from off grid diesel generation, improve electricity supply chain and develop on grid gas as a catalyst for on-grid renewable energy. While for biomass, Roger called for the development of the LPG and CNG markets, and reduction of reliance on biomass, that is, arresting deforestation. He also advocated for a balance of Environmental and Social development whilst delivering the 17 Sustainable Development Goals
(SDG). In embracing changes and controlling its future, he said Seplat was investing in its people and motivating them by providing a safe working environment and career development opportunities; pursuing profitable and sustainable new opportunities; driving energy transitions in its sectors and improving access to affordable and greener energy; and being a responsible and accountable corporate citizen, understand local issues and positively contributing to host communities. According to him, Seplat is also improving profitability, maintaining strict cost control and implementing the most appropriate technologies whilst creating value for all stakeholders.