BusinessDay Media Limited, Nigeria’s foremost business and financial news provider, and the Nigerian Stock Exchange (NSE) will today (Saturday, April 24) host the Nigerian Investor Value Awards (NIVA Awards).
The exclusive, invitation-only event will be held at the luxury Lagos Continental Hotel, Victoria Island, Lagos.
The awards will give recognition to leaders of public companies and select private companies that have demonstrated the governance and investor appeal to qualify for a public listing if the owners choose to do so within the next three years.
The NIVA Awards replace the annual Top 25 CEOs Awards, which were successfully hosted for seven years by BusinessDay and the Nigerian Stock Exchange.
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“The refocusing of the event is driven by the identification of the diversity of avenues through which companies are creating value on the Nigerian Stock Exchange beyond share price gains, the main metric used in selecting winners at the Top 25 CEOs Awards,” the organisers said in a press statement.
While businesses wrestle with a volatile national economy and the aftershocks of the second wave of COVID-19, there are gems of resilience and pearls of grit that sparkle on the bourse, the organisers said.
“These stocks have sustained the residue of confidence in the Nigerian Stock Exchange after a year marred by unprecedented disruptions.”
In the Listed Companies category, awards will be given to CEOs and directors who have created sustainable alpha-generating value for their shareholders through their strategic priorities, operating efficiencies, organisational values, and market engagement activities.
The Next Bulls category of the awards recognizes private companies that active, informed investors on the Nigerian Stock Exchange have expressed a strong demand to own their shares if their boards ever decide to take them public within the next three years.
There will also be a Special Recognition category for distinguished business leaders, who have excelled at value creation, and empowerment in their sectors.
Participating organizations were required to submit entries for the NIVA Awards. This availed them the opportunity to present themselves for an independent audit of shareholder value creation that gives shareholders the reassurance of the Seal of Good Housekeeping. Winners will emerge through a transparent, credible process.
