Seplat Petroleum Emerges 2018 Pearl of the Capital Market

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Monday, November 26, 2018 7.00AM / Ottoabasi Abasiekong, Proshare WebTV


Seplat Petroleum Development Company a leading Nigerian indigenous oil and gas firm emerged the 2018 overall winner of PEARL Awards capital market prize in Lagos. 

At an event well attended by stakeholders in the Nigerian financial and capital market, Seplat through its MD/CEO Mr Austin Avuru received the award from the Acting Director-General of the Securities and Exchange Commission of Nigeria, Ms Mary Uduk. 

The awards ceremony which marked its 23rd edition since inception, has been described as the prestigious capital market award-winning event. 

President/CEO Pearl Awards Mr Tayo Orekoya in his opening remarks said the 2018 edition recognized and rewarded over 85 quoted companies for outstanding operational and stock performance with eighteen(18) emerging as the highest awards winners of the stock market at different times, based on verifiable facts and figures rather than elements of subjectivity. 

He said a new board of Governors had been inaugurated to steer the vision and goals of the organization, even as it targest 2020 to expand its mandate to the African financial market. 

According to him “As partners in progress with capital market regulators, we shall continue to engender healthy rivalry, among other initiatives aimed at deepening the vibrancy of the capital market”. 

The Special Guest of honour and Acting Director General of SEC Nigeria Ms Mary Uduk commended PEARL Awards for its immense contribution to capital market development in Nigeria, through the reward of market excellence. 

Ms Uduk lauded the initiative behind recognizing quoted companies that are outstanding in the area of good corporate governance, but made a strong case for companies to be awarded for excellence in the area of driving convergence between finance and technology. 

She also commended the organization for driving financial inclusion initiatives which was key to economic development and deepening the market. 

Also giving his remarks at the event the President of the Council of the Nigeria Stock Exchange Mr Abimbola Ogunbanjo, also join others to commend PEARL Awards for its “Transparency and Integrity” in acknowledging the role of outstanding market players. 

Mr Ogunbanjo said the Nigeria Stock Exchange was exploring a Memorandum of Understanding with PEARL Awards to enhance its work, and also strengthen the relationship that will build a vibrant capital market ecosystem. 

It featured the review of the 2018 Nigeria Stock Market Annual report by Mr Opeyemi Adesina while Senator Solomon Olamilekan Adeola of Lagos West Senatorial District,  launched the report with N10million.

Senator Adeola in his brief remarks pledged to lead the cause for the amendment of the CISI bill in the 8th National Assembly.

Mr Olutola Mobolurin former President of the Chartered Institute of Stockbrokers and Chairman NASD Plc, received the PEARL Awards special honorary award for Capital Market Development.

The MD/CEO of Presco PLC Mr Felix Nwabuko bagged the PEARL Awards 2018 most outstanding CEO while Channels Television receives the special award for quality capital market reporting.

Mr Iheanyi Nwachukwu of Businessday newspaper got the special honorary award for the PEARL Awards capital market journalist of the year.


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