SEPLAT Plc Emerges Overall Winner of 2019 PEARL Awards

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Monday, November 25, 2019 / 9:05 AM /  Ottoabasi Abasiekong for Proshare WebTV / Header Image Credit: WebTV


Seplat Petroleum Development Company Limited emerged the overall winner of the 2019 Pearl Awards, which is designed to celebrate excellence and leadership in the Nigerian capital market.


At an event that was attended by  regulators, leaders and key stakeholders in the capital market, Seplat achieved the feat of emerging the "PEARL"  back-to-back (2018 and 2019), which was a notable feat.


The award was presented Seplat's management, by the Chairman of the Board of the Securities and Exchange Commission ,(SEC), Mr Olufemi Lijadu, and Ms Mary Uduk, the  Acting Director-General of SEC, supported by Dr Farouk Umar, Chairman of the PEARL Awards Board.


Apart from winning the overall PEARL Awards for 2019, Seplat Plc also clinched the sectoral awards for the Oil and Gas segment and that of the net asset ratio.


The Chairman of the Board of Pearl Awards Dr Umar believed that the awards was an avenue for encouraging development of the capital market, and praised the Federal Government for supporting the market.

President of  Pearl Awards, Mr Tayo Orekoya, speaking on the theme of the 2019 edition "Celebrating Sustainable Leadership & Resilience" said the event was recognizing leaders who represent beacons of hope for the capital market.


Orekoya said that on the threshold of a quarter of a century celebrations, PEARL awards has recognized and rewarded over 85 quoted Nigerian companies for outstanding operational and stock performance with eighteen (18) emerging as the overall highest awards winners of the stock market at different times.

According to him "The PEARL Awards remains the only Awards in Nigeria that rewards outstanding performance of quoted companies in the Nigerian capital market based on verifiable facts and figures. 

We remain humbled that our impartiality, transparency, fairness and unbias have continued to endear  us to major stakeholders in the capital market. We commit to uphold and be sustainably guided by these principles".

Orekoya said the PEARL Awards will expand its scope to cover the fixed income securities, derivatives and registrars space. He also said the board is also working out modalities for establishing the "African" version by 2021.


The Acting Director-General of the Securities and Exchange Commission Ms Uduk commended the PEARL Awards team for its legacy of driving excellence and competitiveness in the capital market.

She assured stakeholders of the continued support of the Apex regulator for efforts towards lrewarding hardwork, dedication, ingenuity and excellence in the capital market.


Chairman of the Board of  SEC Nigeria  Lijadu, praised the PEARL Awards for evolving for over two (2) decades and remaining consistent in its drive to support the growth of the capital market.

Dr Abiodun Adedipe, an economist and board member of PEARL Awards in the presentation of the "Nigerian Stock Market Annual" 2020 edition noted that a key takeaway from the report was that Nigeria and West Africa remained key destinations for attracting private equity and even venture capital investments.

He noted from the report that the government should explore catalyzing the growth of the commodities exchange market to help diversify the economy and give it revenue earnings.

Adedipe outlined the following key issues  addressed by the NSMA 2020 edition, which include;

  • Fintech Evolution and  the Capital Market
  • The Insurance Industry
  • Nigerian Code of Corporate Governance 2019


Below is the full list of the Award categories and the winners;



  • Transnational Corporation Plc -Winner
  • UACN Plc
  • John Holt Plc 

(2) ICT (Telecommunications / Systems)

  • eTranzact International Plc
  • CWG Plc
  • Chams Plc  -Winner

(3) CONSUMER GOODS (Breweries)

  • Nigerian Breweries Plc
  • International Breweries Plc
  • Guinness Nigeria Plc -Winner

4) CONSUMER GOODS (Food Prod & Bev)

  • Dangote Sugar Refinery Plc
  • Nestle Nigeria Plc-Winner
  • National Salt Co. Nig. Plc

(5) CONSUMER GOODS(Household Prod.)

  • P.Z. Cussons Nigeria Plc
  • Unilever Nigeria Plc
  • Vitafoam Nigeria Plc -Winner


  • Access Bank Plc
  • Guaranty Trust Bank Plc
  • Zenith Bank Plc -Winner


  • Cornerstone Insurance Plc
  • AIICO Insurance Plc-Winner
  • NEM Insurance Plc 

(8) FINANCIAL SERVICES (Other Fin. Inst)     

  • Africa Prudential Plc
  • Stanbic IBTC Holdings Plc-Winner
  • Custodian & Allied Plc                                               

(9) HEALTHCARE (Pharmaceuticals) 

  • May & Baker Plc
  • Neimeth Inter. Pharmaceuticals Plc-Winner
  • GlaxoSmithkline Consumer Nig. Plc 

10) INDUSTRIAL GOODS (Building Materials)                 

  • Berger Paints Plc
  • Dangote Cement Plc-Winner
  • Portland Paints & Products  Plc 

(11) OIL AND GAS (Petroleum Products)

  • 11 Plc
  • Total Nigeria Plc
  • Seplat Petroleum Dev. Co.Plc -Winner

(12) SERVICES (Printing & Publishing)

  • Learn Africa Plc - Winner
  • University Press Plc
  • Academy Press Plc 


  • Omoluabi Mortgage Bank Plc
  • Abbey Mortgage Bank Plc
  • Infinity Trust Mortgage Bank Plc -Winner

(14) SERVICES (Hotels / Lodging)

  • Capital Hotel Plc
  • Ikeja Hotel Plc - Winner
  • Transcorp Hotel Plc



  • John Holt Plc
  • Caverton Offshore Support Plc
  • Rak Unity Petroleum Plc -Winner



  • Nestle Nigeria Plc-Winner
  • Meyer Plc
  • CAP Plc 



  • LASACO Assurance Plc
  • Caverton Offshore Support Group
  • Learn Africa Plc 



  • Unilever Nigeria Plc -Winner
  • Union Homes Real Estate Plc
  • Guinness Nigeria Plc 



  • C & I Leasing Plc
  • Ikeja Hotel Plc -Winner
  • Beta Glass Plc 


  • Total Nigeria Plc
  • 11 Plc
  • Seplat Petroleum Dev. Co. Plc-Winner


  • Unity Bank Plc
  • Cement Co. of Northern Nig. Plc -Winner
  • NEM Insurance Plc



Corporate Governance

  •  Dangote Cement Plc
  • Transnational Corporation Plc
  • Africa Prudential Plc - Winner


Stockbroking Firm of the Year

  • CSL Stockbrokers Limited
  • Stanbic IBTC Stockbrokers Limited-Winner
  • Rencap Securities (Nigeria) Limited


Issuing House of the Year Award

  • Chapel Hill Advisory Partners Limited
  • Vetiva Capital Management Limited
  • Stanbic IBTC Capital Limited-Winner     

2019  PEARL Capital Market Journalist Of the Year

  • Boason Omofaye - Business Editor, Channels Television

2019 PEARL Media Award For Quality Capital Market Reporting

  • BusinessDay Media Limited

2019 PEARL Most Outstanding CEO of the Year

  • Mr Austin Avuru, GMD/CEO of SEPLAT Petroleum Development Company.

2019 Overall PEARL Award Winner

  • SEPLAT Petroleum Development Company

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Related to Pearl Awards

1.         Pearl Awards - Website

2.        2018 Pearl Awards To Hold On 25th November, 2018 - Oct 21, 2018

3.        PEARL Awards Inaugurates New Board of Governors, Plans to Expand into Africa - Sept 05, 2018

4.        Ndanusa, Akande, Ohuabunwa, Olashore, Awoyemi, Sanni Join Pearl Awards Board - Aug 18, 2018

5.        Heirs Holdings Investee Companies Shine at Pearl Awards, Sweep Up Six Awards - Nov 30, 2017

6.        Gowon graces 2017 PEARL Awards, United Capital emerges overall winner - Nov 27, 2017

7.        Suspense as Corporate Giants Battles For 2017 Pearl Awards - Nov 23, 2017

8.       Pearl Awards Nigeria Steps Down 2016 Awards Nite - Nov 04, 2016

9.        Tinubu, Gwarzo, Antwi, Osunkeye, Others for 20th PEARL Awards - Nov 27, 2015

10.    PEARL Awards Holds 20th Anniversary Edition in Style - Nov 12, 2015

11.     SEC Ag. DG Urges PEARL Awards to Evaluate Firms on Corporate Governance - Mar 19, 2015

12.    Ghana SEC DG, Elumelu, Okoya-Thomas, others for 2014 PEARL Awards - Nov 13, 2014

13.    FBN Holdings, others bag laurels at PEARL awards - Nov 25, 2013

14.    Pearl Awards Release Names of 2012 Nominees - Nov 19, 2012 

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