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Access Bank/Lagos City marathon: Ambode tasks commissioners on successful outing

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01/14/2018 | 07:22am CET

By Ben Efe

With less than a month to the 2018 Access Bank/Lagos City Marathon, Lagos State governor, Akinwummi Ambode has mandated his lieutenants to give maximum cooperation to the organisers of the event.

The governor is said to be impressed with the success rate of the race, which is in its third edition. He has implored the organising committee to do more, to ensure that higher standard are set as Lagos is aiming to join in the big league of marathon races.

“The governor, is pleased with what we have been doing with the race. He has told his commissioners to key into the 2018 event to ensure that we come out in a big way,” Yusuf Alli who is the general-manager of the event hinted.

He added preparations are in top gear, adding that flight arrangements have been made for ten of the elite runners that are being expected to contest for the $50,000 top prize.

“We are moving in the right direction with our preparations. And with the corporation of all Lagosians we expect to deliver a world class race.”

(c) 2018 2017 Vanguard Media Limited, Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( NGN)
Sales 2017 314 B
EBIT 2017 111 B
Net income 2017 82 929 M
Debt 2017 -
Yield 2017 5,79%
P/E ratio 2017 4,06
P/E ratio 2018 4,57
Capi. / Sales 2017 1,12x
Capi. / Sales 2018 1,05x
Capitalization 353 B
Income Statement Evolution
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Mean consensus OUTPERFORM
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Average target price 11,6  NGN
Spread / Average Target -4,9%
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NameTitle
Herbert O. Wigwe CEO, Executive Director & Group Managing Director
Mosunmola Belo-Olusoga Chairman
Obinna David Nwosu COO, Executive Director & Group Deputy MD
Oluseyi Kumapayi Chief Financial Officer
Ojinika Nkechinyelu Olaghere Executive Director & Executive Director-IT