PEARL unveils nominees for 2018 awards
The award has run for 23 years, and endorsed by the Security and Exchange Commission (SEC), in 2003.
The President of PEARL Awards Nigeria, Tayo Orekoya, told the media that; “Since inception and to date, we have been guided by the principles of fairness, transparency and objectivity in our selection process, while our scientific approach in determining nominee companies remains unassailable.”
He added that, “We are not unaware of the huge responsibility placed on our shoulders as a result of the reliability on our sense of judgment by investors and shareholders alike, but are determined to continue to play our part with every sense of fairness, objectivity and equity.
“The Nigerian capital market, particularly investments in the Stock Exchange has recently been undergoing a most harrowing experience with sustained losses in share values, resulting in huge depletion of wealth to equity stakeholders.”
‘These losses have been caused by variety of factors. Regardless of these developments, market stakeholders including players, regulators and indeed government must continue to strive towards market stability, sustainability and growth.”
He explained that this year’s award slated for Sunday November 25, 2018 in Lagos is themed ‘Sustaining the Winning Edge’ in recognition of companies that, in spite of the challenges in the operating environment, local and international, noting that the project have continued on the winning edge, outperforming others and emerging leaders, deserving of honour in our capital market.
“The awards has three main categories, which are; The Main Competitive Category Awards under which companies would be rewarded for Sectorial Leadership Awards, Market Excellence Awards and The PEARL of the Nigerian Stock Market. In Agriculture Livestock Feeds Plc, Okomu Oil Palm Plc and Presco Plc.
“Transnational Corporation Plc, UACN Plc and Chellarams Plc leads the conglomerates while P.Z. Cusson Nigeria Plc, Unilever Nigeria Plc and Vitafoam Nigeria Plc leads Consumer Goods (Household Products) category.
Fidelity Bank Plc, Zenith Bank Plc and GTBank Plc leads the financial services (banking), among other nominees.”
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