LCCI honours Exchange for promoting best practice

The Nigerian Stock Exchange has received the 2015 Award for Promoting Best Practice Reporting and Corporate Disclosure from the Lagos Chamber of Commerce and Industry.

A statement by the Head, Corporate Communications, NSE, Mr. Olumide Orojimi, said the award was presented to the Exchange by the LCCI President, Alhaji Remi Bello, in Lagos on Saturday.

According to the Director-General, LCCI, Mr. Muda Yusuf, the objective of the chamber’s annual awards is to recognise, celebrate and promote private and public institutions that have exhibited the core values of best business practices, growth through innovations, business sustainability and impacted the society positively.

Yusuf explained that the LCCI Commerce and Industry Award prided itself as a highly credible event “where winners emerge through a painstaking selection process from hundreds of entries backed by feedback from dedicated research and market intelligence”.

The Chief Executive Officer, NSE, Mr. Oscar Onyema, was quoted as saying, “This award highlights the positive reaction to the strong corporate governance regime that we have emplaced and the success we have achieved with our listed companies on timely financial and information disclosures.

“We are encouraged to do more by ensuring that our listed companies continue to act in the best interest of investors thereby adding tangible value in protecting and sustaining the corporate health of the exchange and the capital market in general.”

The award brings to three the number of awards received by the Exchange in recent weeks.

It had been named the African Regulator of the Year at the 6th African Business Leadership Awards in London on July 25, before being named the Financial Institution of the Year last week at the The Oil & Gas Year Nigeria Award.

According to the statement, the NSE, which offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more, has continued to evolve to meet the needs of its valued customers, and to achieve the highest level of competitiveness.

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Source : Punch

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