By Thompson ABISOLA
The management of Seplat Petroleum Development Company emerged the 2018 overall winner of PEARL Awards capital market prize at Nigeria’s leading capital market awards ceremony “The Pearl Awards”.
This event well attended by stakeholders in the Nigerian financial and capital market held onNovember 25th at the Eko Hotel & Suites in Lagos.
SEPLAT was recognized for its contributions and performance in the Nigerian Capital Market.
It was an award galore with the company carting away four awards in the three main competitive award categories. Seplat won one award in the Sectoral Leadership Awards and two in the Market Excellence Awards, becoming the overall highest award winner.
As a result, SEPLAT won the coveted ‘The PEARL of the Nigerian Stock Market 2018’. Highlights are below:
| Sectoral Leadership Awards – OIL AND GAS (Petroleum Product) | |
| · 11Plc
· Total Nigeria Plc · Seplat Petroleum Dev. Co.Plc |
|
| Market Excellence Awards | |
| Turnover Growth | Net Asset Ratio |
| · Fidson Healthcare Plc
· Seplat Petroleum Dev. Co. Plc · Northern Nig. Flour Mills Plc |
· Skye Shelter Fund Plc
· MRS Oil Nigeria Plc · Seplat Petroleum Dev. Co. Plc |
According to the President and CEO of the Pearl Awards, Mr. Tayo Orekoya, the theme for this 2018 edition is “Sustaining the Winning Edge”.
This is in realization of the need to recognize and reward companies that, despite the challenges in the operating environment, local and international, have continued the winning edge, outperforming others and emerging leaders, deserving of honour in our capital market.’
He affirmed that PEARL Awards instituted in May, 1995 has since inception and to date, been guided by the principles of fairness, transparency and objectivity in its selection process and this scientific approach in determining nominee companies remains unassailable.
This attribute earned the Awards endorsement by the apex capital market regulatory authority, the Securities & Exchange Commission 15 years ago.
In receiving the numerous awards, our CEO Austin Avuru remarked that while the company celebrates this prestigious honour and recognition as testament to its laudable achievements over the years, the company remains committed to achieving more for its sector and the nation.
