MTN, VFD Group, CardinalStone, Others Win at NGX Made of Africa Awards

December 20, 2023
2023 NGX Made of Africa Awards

By Aduragbemi Omiyale

MTN Nigeria Communications Plc, VFD Group Plc, CardinalStone Securities and Chapel Hill Denham were big winners at the just concluded Made of Africa Awards organized by Nigerian Exchange (NGX) Limited.

While MTN Nigeria was named as the Most Compliant Listed Company, VFD Group was recognised as Listing of the Year, with CardinalStone Securities going home with the Equity Trader of the Year award.

Also, the Lagos State Government and the Debt Management Office (DMO) were recognised for the State Government with the Largest Sub-National Debt Instrument Issuance and Capital Market Excellence Award, respectively.

Further, Chapel Hill Denham was recognized in two categories, Cross-Border Trade Facilitator of the Year and Fund Manager with the Largest Listed Fund Size, while Cordros Capital and Kairos Capital both won the award for the Issuing House with the Highest Number of Primary Market Transactions (Equity Category).

Other winners were Pilot Securities Limited as Most Compliant Trading License Holder, Vetiva Capital Management as the ETPs Trader of the Year, Regency Asset Management Limited as Fixed Income Trader of the Year, FCMB Capital Markets Limited as the Issuing House with the Highest Number of Debt Issuances (Corporate Bonds), and Banwo & Ighodalo as the Best Solicitor in terms of Value of Deals.

The Capital Market Correspondents Association (CAMCA) was also recognized for its substantial contributions to fostering capital market activities and influencing public perception of the market.

Speaking at the ceremony, the chief executive of NGX, Mr Temi Popoola, said the event was put together to encourage more listings, transactions, better compliance and stimulate innovation in the capital market.

He further said the NGX MOA Awards was designed to recognize organizations and individuals within the Nigerian capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact, and act as key drivers in strengthening the Nigerian and African capital markets.

“These awards serve as a platform to showcase the best the capital market has to offer, inspiring more private sector organizations, states and the federal government to list shares, issue debt securities, and inject fresh capital into the market.

“Through NGX Made of Africa, we remain committed to encouraging and incentivizing our partners, and promoting inclusivity as we contribute to the development of the capital market,” Mr Popoola stated.

He added that the NGX takes pride in leading the way in innovation, excellence, and corporate governance best practices, hence the importance it attaches to “rewarding innovation, excellence, and adherence to existing rules and regulations as fundamental to stakeholder collaboration in our market.”

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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