By Chinwendu Obienyi
The Nigerian Stock Exchange (NSE) has named Dangote Cement Plc as the most compliant listed company in 2017, having demonstrated the highest degree of compliance with its rules and regulation regarding disclosure obligation of listed companies.
Speaking at the 5th edition of the NSE CEO Award in Lagos, Chief Executive Officer (CEO), NSE, Oscar Onyema, said that the award offer winners is a morale booster for companies who have made extraordinary contributions to the Nigerian capital market.
“The awards offer winners a year-round marketing opportunity and a big morale-booster for companies who have made extraordinary contributions to the Nigerian capital market and exemplify the highest standards.
“I would like to congratulate all the 2017 award winners who are all deserving of recognition. The awards are given solely on merit and are awarded to commend listed companies and dealing members for their excellent and exceptional performance, compliance to NSE rules and regulation, high ethical standards and impressive customer service that leave no room for any penalties”, he added.
The award for the Best Dealing Member firm went to Stanbic IBTC Stockbrokers Limited, for a high performance culture. It was the firm’s sixth consecutive win in the NSE CEO Awards. Stanbic IBTC Stockbrokers Limited accounted for the highest value of trades on the Exchange in 2017.
Pilot Securities Limited won the award for the Most Compliant Dealing Member firm of the year 2017, for demonstrating the best level of compliance with the NSE Rules and Regulations. The firm was honoured for its compliance with the Minimum Operating Standards of the Exchange, adequate and timely rendition of statutory and regulatory returns.
The NSE CEO Awards was initiated in 2012 to motivate listed companies and dealing members to a higher level of corporate governance and compliance to reinforce investor confidence in the Nigerian capital market. Since inception, the annual award has become one of the important events at The Nigerian Stock Exchange.
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