The governing board of PEARL Awards, Nigeria’s leading capital market awards, are making out plans to include in its recognition, players in other markets beyond just quoted companies.
The above plans, which is expected to be unveiled next year, 2020, when the awarding body would be celebrating the 25th edition of the award, will recognise outstanding performers in other markets including registrars, fund managers and portfolio advisers, Tayo Orekoya, President/CEO, Pear Awards Nigeria said.
“As we move to the 25th-anniversary edition of the awards in the year 2020, plans are afoot to comprehensively restructure the awards to cover other market players including registrars, fund managers and portfolio advisers,” Orekoya said at a news parley, held in Nigeria’s commercial city, Lagos.
Since 1995, the PEARL Awards have been recognised by regulators and operators for its usage of empirical data to recognise and reward outstanding corporate performance in the Nigerian capital market.
The move by the organising body to restructure and reward more players would be the second since inception after in 2015, it expanded its scope beyond quoted companies to begin the recognition of other capital market players including stockbroking firms, issuing houses among others.
Orekoya who noted that details of other far-reaching structural changes that would be implemented, would be announced in due course, said the move by the board, is part of its broader efforts, aimed at sustaining the impact, relevance and credibility of the awards.
Being a leading award and having the approval of regulators in the Nigerian capital market, the PEARL Awards, have been a consistent annual event since its inception to date, with nominees selected based on the principles of fairness, transparency and objectivity.
For the 2019 edition, the awards have been scheduled to hold on Sunday, November 24, 2019, at Eko Hotel and Suites, Victoria Island, Lagos, with the theme “celebrating sustainable leadership and resilience”.
According to Orekoya, the 2019 edition of the awards, promises to be as glamorous as previous editions as it would be graced by top capital market players, industry chieftains as well as top government functionaries.
In this year’s edition, awards shall be in three main categories which include the main competitive awards category; the honorary awards category and the special recognition awards category.
Under the main competitive awards category, nominees are selected based on nine indices namely turnover growth, Return on Equity, Earnings Yield; Share Price Appreciation; Dividend Cover; Dividend Yield; Net Asset Ratio; Dividend Growth and Profit Margin Ratio, with data sourced the annual reports of quoted companies duly filed with the Nigerian Stock Exchange (NSE) and the Stock Exchange Daily Official lists for the year under consideration. The ma category is further broken down into three sub-categories awards for sectorial leadership, which rewards a company for out-performing others within the same sector, based on aggregate points garnered from all the nine indices utilized for the ranking; the market excellence sub-category, which is based on recognition of the entire market leadership in respect of each of the ranking indices; and the third, which is overall highest, recognised as the PEARL of the NSE
Similarly, the award for the Honorary category is also broken down into the PEARL CEO of the year award; outstanding honorary award for capital market development; capital market journalist of the year award and media award for capital market reporting. The last main category award which is for the special recognition category is also broken down into issuing house of the year award, stockbroking firm of the year award and corporate governance.
Below are list of companies nominated by the board in various awards categories.
SECTORAL LEADERSHIP AWARDS
(1) AGRICULTURE
FTN Cocoa Processors Plc
Okomu Oil Palm Plc
Presco Plc
(2) CONGLOMERATES
Transnational Corporation Plc
UACN Plc
John Holt Plc
(3) ICT (Telecommunications / Systems)
eTranzact International Plc
CWG Plc
Chams Plc
(4) CONSUMER GOODS (Breweries)
Nigerian Breweries Plc
International Breweries Plc
Guinness Nigeria Plc
5) CONSUMER GOODS (Food Prod & Bev)
Dangote Sugar Refinery Plc
Nestle Nigeria Plc
National Salt Co. Nig. Plc
(6) CONSUMER GOODS (Household Prod.)
P.Z. Cussons Nigeria Plc
Unilever Nigeria Plc
Vitafoam Nigeria Plc
(7) FINANCIAL SERVICES (Banking)
Access Bank Plc
Guaranty Trust Bank Plc
Zenith Bank Plc
(8) FINANCIAL SERVICES (Insurance)
Cornerstone Insurance Plc
AIICO Insurance Plc
NEM Insurance Plc
(9) FINANCIAL SERVICES (Other Fin. Inst)
Africa Prudential Plc
Stanbic IBTC Holdings Plc
Custodian & Allied Plc
(10) HEALTHCARE (Pharmaceuticals)
May & Baker Plc
Neimeth Inter. Pharmaceuticals Plc
GlaxoSmithkline Consumer Nig. Plc
(11) INDUSTRIAL GOODS (Building Materials)
Berger Paints Plc
Dangote Cement Plc
Portland Paints & Products Plc
(12) HEALTHCARE (Providers / Suppliers)
Ekocorp Plc
Union Diag. & Clinical Services Plc
Morison Industries Plc
(13) ICT (Computers / Services)
NCR (Nigeria) Plc
Courteville Business Solution Plc
Tripple Gee & Company Plc
(14) OIL AND GAS (Petroleum Products)
11 Plc
Total Nigeria Plc
Seplat Petroleum Dev. Co.Plc
(15) SERVICES (Printing & Publishing)
Learn Africa Plc
University Press Plc
Academy Press Plc
(16) FINANCIAL SERVICES (Mortgage Co)
Omoluabi Mortgage Bank Plc
Abbey Mortgage Bank Plc
Infinity Trust Mortgage Bank Plc
(17) SERVICES (Hotels / Lodging)
Capital Hotel Plc
Ikeja Hotel Plc
Transcorp Hotel Plc
NOMINEES FOR MARKET EXCELLENCE AWARDS
(1) TURNOVER GROWTH
International Breweries Plc
FTN Cocoa Processors Plc
Universal Insurance Co. Plc
(2) EARNINGS YIELD
John Holt Plc
Caverton Offshore Support Plc
Rak Unity Petroleum Plc
(3) RETURN ON EQUITY
Nestle Nigeria Plc
Meyer Plc
CAP Plc
(4) DIVIDEND YIELD
LASACO Assurance Plc
Caverton Offshore Support Group
Learn Africa Plc
(5) DIVIDEND GROWTH
Unilever Nigeria Plc
Union Homes Real Estate Plc
Guinness Nigeria Plc
(6) DIVIDEND COVER
C & I Leasing Plc
Ikeja Hotel Plc
Beta Glass Plc
(7) NET ASSET RATIO
Total Nigeria Plc
11 Plc
Seplat Petroleum Dev. Co. Plc
(8) PROFIT MARGIN RATIO
Afromedia Plc
Union Homes Real Estate Plc
Skye Shelter Fund Plc
9) SHARE PRICE APPRECIATION
Unity Bank Plc
Cement Co. of Northern Nig. Plc
NEM Insurance Plc
NOMINEES FOR THE SPECIAL RECOGNITION AWARDS CATEGORY
(1) STOCKBROKING FIRM OF THE YEAR AWARD
CSL Stockbrokers Limited
Stanbic IBTC Stockbrokers Limited
Rencap Securities (Nigeria) Limited
(2) ISSUING HOUSE OF THE YEAR AWARD
Chapel Hill Advisory Partners Limited
Vetiva Capital Management Limited
Stanbic IBTC Capital Limited
(3) CORPORATE GOVERNANCE AWARD
Dangote Cement Plc
Transnational Corporation Plc
Africa Prudential Plc
MICHAEL ANI
