- Dangote Cement bags NSE ‘Most Compliant Listed Company’ Award
The Nigerian Stock Exchange has named Dangote Cement Plc as the Most Compliant Listed Company for 2017.
The bourse said its decision was informed by the company’s demonstration of the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies on the Exchange in 2017.
The Exchange also announced other recipients of the 2017 edition of its NSE CEO Awards, and the winners were unveiled at the awards ceremony on Wednesday at the Stock Exchange House, Lagos.
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.
Speaking at the awards ceremony, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, commended the winners of the 2017 NSE CEO Awards.
He said, “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 the 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.”
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 investors’ confidence in the Nigerian capital market. Since inception, the annual award has become one of the important events at the NSE.
