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Dangote Group, Zenith, Excel At Capital Market Performance Awards

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Dangote Group, Zenith Bank Plc, Seplat, GTBank, Ecobank and others have emerged tops at the maiden CAMCAN Nigeria Capital Market Performance Awards 2018 to reward resilience based on performance of companies listed on the NSE for the year ended December 31, 2017.

The awards organised by Capital Market Correspondent of Nigeria (CAMCAN) was a celebration of excellence for companies that emerged tops in various categories on the Nigerian Stock Exchange (NSE) at the in Lagos.

Dangote Cement Plc, the biggest company by market capitalisation emerged as most profitable with its net profit of N204.25 billion in the industrial goods sector, as well as the entire market.

For the overall profitable company prize, Dangote Cement beat Zenith Bank Plc, which had emerged best in its sector with its N177.61 billion, and Guaranty Trust Bank which was second in its sector after reported N170.67 billion profit.

Dangote Cement also showed that it was not just about being biggest or most profitable, it emerged most efficient stock in its sector with 25.35 per cent net profit margin (NPM), measured by how much of each naira of revenue is converted to net profit by dividing net profit by turnover and multiplying it by 100. It however came behind Seplat Petroleum Development Company, which clinched the prize with NPM of 58.66 per cent, after winning in the oil and gas sector.

Diamond Bank won the award for the stock with best Price/Book Value both in its sector and the entire market, while Total Nigeria was best in return on investment (ROI) for market-wide. MRS Oil won in the Earnings Yield category.

In the consumer goods sector, Dangote Sugar Refinery, emerged most profitable with N39.78 billion followed by Nestle Nigeria’s N33.72 billion. Nestle Nigeria however won the prize for best RoI in its consumer goods sector, as well as the entire market for the period.

In the insurance sector,  Custodian was most profitable with N7.31 billion, followed by NEM Insurance, which emerged most efficient at 20.7 per cent; as well as the best RoI of 28.5 per cent; leaving Custodian and Allied with best earnings yield, while Aiico Insurance followed, and then emerged with best Price to Book Value (P/BV).

In the banking sector, Ecobank Transnational Incorporated was rated first with total assets of N6.86 trillion; ahead of Zenith Bank’s N5.59 trillion and FBN Holdings, N5.24 trilion, while Guaranty Trus Bank emerged most efficient stock with 40.66 per cent NPM , followed by Zenith Bank’s 23.83 per cent and Stanbic IBTC, 22.77 per cent.

The organisers also honoured past directors-general of the Securities & Exchange Commission (SEC), Dr. Suleyman Ndanusa and Musa Al-Faki, as well as Apostle Hayford Ikponmwosa Alile, former DG of the NSE, and also his successor, Prof Ndi Okereke-Onyiuke.

Receiving the awards, Ndanusa, who was represented by  Okereke-Onyiuke appreciated CAMCAN for the recognition and for remembering to honour those who served the Nigerian capital market meritoriously, contributing to making it what it has become today.

In a keynote speech on behalf of the director-general of the SEC, Mary Uduk, acting commissioner, Corporate Services, at the commission, Henry Roland Adekunle, noted the relationship between excellent performance company performance and imbibing good corporate governance. Also acknowledged at the event were the NSE and FMDQ OTC Securities Exchange for their contribution to the development of the Nigerian capital market.

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