Organisers of Nigeria’s leading capital market awards ceremony “The Pearl Awards” have announced Sunday, November 24th 2019 as the date for the 24th edition of the annual awards at Eko Hotel & Suites in Lagos with the theme ‘Celebrating sustainable leadership & resilience’
Tayo Onakoya, president and chief executive, Pearl awards Nigeria at a media press briefing said the award has in the last 24 years rewarded quoted companies that have displayed exemplary leadership and good corporate governance in their operations.
“This is the only awards in this part of the continent that identifies and rewards performance, earnings and returns leadership using empirical and clearly defined criteria and methodology,” he said.
Onakoya further noted that the awards process is based on verifiable facts and figures, assessed utilizing credible and acceptable parameters and tools of data evaluation.
This year’s edition will see crème-de-la-crème of Nigeria’s corporates come together to celebrate excellence and glamour. The awards would be in three categories namely
The Main competitive Category; this has the sectoral leadership award, Market excellence award, and the overall highest (The Pearl) awards. Winners in this category will be determined using Turnover growth, Return on Equity, Earnings yield, share price appreciation, dividend cover, profit margin ratio, dividend growth Net Asset Ratio, and Dividend yield.
Special recognition category which has Stockbroking Firm of the year award, Issuing House of the year award, Good corporate governance award.
Lastly, the Honorary Awards category which has the CEO of the year award, Capital market development award, Capital market correspondent of the year award, Media awards for capital market development.
The Pearl Awards was instituted in 1995 and endorsed by the apex capital market regulatory authority, Securities and Exchange Commission (SEC) in 2003.
OLUFIKAYO OWOEYE
