Dangote Cement, Dangote Sugar, Access, UBA, Seplat, Zenith Are Top Stock Picks For 2020
January 7 2020
Dangote Cement plc, Access Bank plc, Zenith Bank plc, United Bank for Africa plc, Seplat Petroleum Development Company plc, Guaranty Trust Bank plc, and Flour Mills Nigeria plc are among notable stocks in analysts’ basket of select equities with potential for increased return in 2020. Other analysts’ stock picks are Dangote Sugar Refinery FBN Holdings, Nigerian Breweries plc, FCMB, Stanbic IBTC Holdings plc, Nestle Nigeria plc, Cement Company of Northern Nigeria, Julius Berger, Okomu Oil Palm plc, Total Nigeria plc, Mobil Oil Nigeria plc and Forte Oil plc.
BUSINESSDAY FRONT PAGE
My Companies Lost N25bn to Apapa Ports Road Gridlock – Dangote
December 31 2019
The traffic gridlock on the Apapa Ports road has cost the Dangote Group about N25 billion in revenue between 2017 and 2019 financial year, President/Chief Executive Officer of Dangote Group, Aliko Dangote, has said. Aliko Dangote revealed this in Lagos on Monday when he was taking the Minister of Works and Housing, Babatunde Fashola, on an inspection tour of the 35-kilometre Apapa-Oshodi-Oworonsoki-Ojota highway currently being constructed by Dangote Industries Limited (DIL). The Apapa-Oshodi expressway will last for 40 years when completed, he told Mr Fashola. Commenting on the quality of the road been constructed, he said that it will revive commerce around the Apapa area.
DAILY TRUST PAGE 16
Apapa Oshodi Expressway: This Is A Strategic Economic Intervention
…Dangote Assures Expressway To Be Completed Before End of 2020
December 31 2019
The Apapa-Oshodi-Oworonsoki-Ojota highway will be completed in the next 12 months, the Minister of Works and Housing, Mr Babatunde Fashola has said. Fashola announced that the reconstruction of the road would be completed by the end of 2020 while inspecting the project with the President of the Dangote Group, Alhaji Aliko Dangote. He said the plan was to complete the expressway in record time to reduce congestion of trucks going to the ports and ease traffic on that axis. According to him, the rehabilitation and reconstruction of the road, which will cost about N73bn, will create multiple employment opportunities. “All these roads have a completion period of 24 months and we have already spent one year on the road,” he added. Fashola stated that businesses were gradually returning to the Apapa area following the reconstruction of roads on the axis. He said, “Businesses have started coming back on Liverpool Road because the road closed earlier is now back. You will see more of that. All of the businesses that are shut on Creek Road will come back. We expect to see property redevelopment and property renewal once the road is completed. “Once the economy of Apapa returns, all the clearing and forwarding, shipping, newspaper companies and all others doing business will resume fully and the economy will bounce back.” Dangote said many companies left the area because of the bad roads and congestion at the ports, adding that in 2017 and 2018, his companies lost over N25bn. “The reconstruction of the road is already bringing business back to the environment. Before now, the bad roads had crippled economic activities on that axis especially around Apapa,” he said.
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THISDAY PAGE 30
Dangote Sugar Set To Post Stronger Full Year Earnings On Border Closure, Despite Q3 Mixed Numbers
December 23 2019.
This report observed the nine months financial statistics of Dangote Sugar for the period ended 30th September, 2019, compared same to figures released in the similar quarter of 2018 for the purpose of establishing growth. Meanwhile, we have carefully valued each units of Dangote Sugar share price, by exploring the past full year financials, thus achieving growth rates on various key financial items for projection. With 1.44 million MT refining capacity, Dangote Sugar is Nigeria’s largest producer of household and commercial sugar. The firm also operates the Savannah Sugar Company Limited, an integrated sugar production facility, with an installed factory capacity of 50,000 tonnes. At the end of 2019 third quarter business session, the management of Dangote Sugar reported a turnover figure of N117.42 billion, this is only 0.57% above the N116.75 billion reported at the end of the corresponding period of 2018
DAILY INDEPENDENT PAGE 34