The Nigerian Stock Exchange (“The NSE” or “The Exchange”), has announced the winners of the 2018 NSE CEO Awards at a ceremony held on Wednesday, December 12, 2018, at the Stock Exchange House in Lagos.
Initiated in 2012, The NSE CEO Awards is designed to reward and motivate listed companies, Dealing Member Firms, Fund Managers and Issuing Houses to attain higher levels of corporate governance, compliance and performance that reinforce investor confidence in the Nigerian capital market. This year, The Exchange enhanced the award categories from three to ten to reflect the dynamic nature of the market.
The categories for this year include Most Digital Broker of the Year (which was presented earlier in the year to Meristem Stockbrokers Limited) at The Exchange’s Market Data Conference held on Friday, 19 October 2018); Best Dealing Member Firm in terms of Volume; Best Dealing Member Firm in terms of Value; Most Compliant Dealing Member Firm; Most Compliant Listed Company; Listed Company with Highest Number of Disclosures; Issuing House with the Largest Value in a Single Deal; Issuing House with the Highest Number of Primary Market Transactions (Equity); Issuing House with the Highest Number of Debt Issuance (Corporate Bonds); and Fund Manager with the Largest Listed Fund Size.
Pilot Securities Limited was named the Most Compliant Dealing Member Firm for 2018, having demonstrated the highest degree of compliance with the rules and regulations Governing Dealing Members of the Exchange in 2018. Stanbic IBTC Stockbrokers Limited won two awards for Dealing Member Firm with the highest volume and Dealing Member Firm with the highest value of trades.
Stanbic IBTC Capital Limited, Vetiva Capital Management Limited and Cordros Capital Limited were joint winners of the award for Issuing Houses with the Highest Number of Primary Market Transactions (Equity). FBNQuest Merchant Bank Limited, ARM Securities Limited and Stanbic IBTC Capital Limited were adjudged winners of the award for Issuing Houses with the Highest Number of Debt Issuance (Corporate Bonds). This is based on the value of new transactions approved and listed on the Exchange.
The award for Issuing Houses with the Largest Value in a Single Deal went to Stanbic IBTC Capital Limited and Union Capital Market Limited, for facilitating the highest value of deals on the Exchange. First City Asset Management Limited won the award for Fund Manager with the Largest Listed Fund Size. This award takes into cognizance the cumulative size of new funds listed on the Exchange in 2018.