NSE wins financial institution award


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NSE wins financial institution award
Posted on: August 06, 2015, 08:36:14 PM
The Nigerian Stock Exchange (NSE) has won the 2015 Financial Institution Award of The Oil & Gas Year (TOGY) Nigeria, a statement said on Thursday.

The statement was issued by Mr Olumide Orojimi, NSE Head, Corporate Communications, in Lagos and made available to the News Agency of Nigeria (NAN).

It said that the award ceremony organised by TOGY was an annual event held to celebrate individuals and institutions who had distinguished themselves in their areas of specialisation.

The statement said the award was conferred on the NSE in recognition of its first-ever dual listing with the London Stock Exchange (LSE), through the 500 million dollars Initial Public Offering (IPO) of Seplat Petroleum Plc.

According to the statement, the listing is the largest European IPO of an exploration and production company since the 2008 financial crisis.

Commenting on the award, Mr Oscar Onyema, NSE Chief Executive Officer, said that the exchange was delighted and humbled for being recognised for the ground-breaking transaction.
Onyema said that the award affirmed that Lagos and London capital markets were truly in partnership to facilitate more dual listing in both markets.

“I am confident that this award will encourage more listed companies to leverage our partnership to access capital,” Onyema said.

He said that the award was a tribute to the effort and passion of the great teams at Seplat, the exchange and the LSE in making the transaction a reality.

The exchange on Nov. 18, 2014 signed a capital market agreement with the London Stock Exchange Group (LSEG) to jointly promote the development of the Lagos and London capital markets.


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