The Nigerian Stock Exchange (NSE), on Wednesday named winners of its 2017 CEO’s Awards at a ceremony at the Stock Exchange House, Lagos, with Dangote Cement Plc emerging the Most Compliant Listed Company.
A statement by the Exchange, said the company “demonstrated the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies on the Exchange in 2017.”
For the sixth consecutive year, Stanbic IBTC Stockbrokers Limited clinched the award for Best Dealing Member firm for its high performance culture, after accounting 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, having demonstrated the best level of compliance with the NSE Rules and Regulations. The firm complied with the Minimum Operating Standards of the Exchange, as well as adequate and timely rendition of statutory and regulatory returns.
Speaking at the ceremony, NSE’s Chief Executive, Oscar Onyema, commended the winners, who he said, “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.
“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” he added.
A statement by the NSE said the awards was initiated in 2012 to motivate listed companies and dealing members to a higher level of corporate governance and compliance to reinforce investors’ confidence in the Nigerian capital market. Since inception, the annual award has become one of the important events at the Nigerian Stock Exchange.