The Nigerian Stock Exchange has been named the African Regulator of The Year at the 6th African Business Leadership Forum and Awards, the Exchange said on Monday.
The Chief Executive Officer, NSE, Mr. Oscar Onyema, was also presented with a special commendation award by the Georgia Legislative Black Caucus, which is the largest black caucus in the nation with a membership of 60 African American state legislators, a statement by the Exchange said.
The African Leadership magazine, organisers of the award, which took place in London, explained that the award was conferred on the NSE in recognition of its effective regulatory policies and programmes implemented across national, regional and international levels, which has encouraged actions beyond compliance with applicable laws.
The organisers were quoted as saying, “We at African Leadership Magazine UK, recognise your efforts in enhancing stakeholders’ engagement while contributing to the growth of the national and regional brand through practical impact on the people. Your unflinching passion for creating a reliable, efficient and an adaptable exchange hub in Africa cannot be overemphasised.”
The statement explained that recipients of the award emerged from a survey of over 480,000 readers and fans who were asked to nominate their outstanding business leaders and institutions.
The NSE CEO said afterwards, “This award is a strong affirmation of the audacious reforms we have been implementing to create a fair and orderly market that inspires the trust and confidence of domestic and foreign investors.
“The journey has brought about major reviews of our governance, market structure and operations to create a stronger regulatory environment whilst implementing innovations required for delivering a robust, efficient and sustainable capital market.
“We thank the African Leadership magazine for following our success stories; according us this great recognition and my profound gratitude goes to the great team at The Nigerian Stock Exchange, who are making significant contributions to the development of the Nigerian capital market and Africa at large.”
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Source : Punch