BusinessDay will be hosting the Nigerian Top 25 CEO’s Award Dinner. The event is set to hold on 26th April, 2014 at The Oriental Hotel, Victoria Island, Lagos. The Dinner is a yearly event wherein the 25 best performing Chief Executive Officers of the companies listed on the Nigerian Stock Exchange (NSE) are celebrated and rewarded for their contribution to the growth of the Nigerian capital market. The 25 CEOs that made the list this year contributed 68 percent of the N4.5 trillion increase in market capitalization in 2013 financial year.
The programme was instituted to call the attention of both the local and international businesses to the good things that are happening in Nigeria. And what’s more, the project aims at identifying the brains behind the many successes the Nigerian economy has recorded in recent times.
Top 25 CEOs is a yearly publication of BusinessDay Research and Intelligence Unit (BRIU) that focuses on the chief executive officers (CEOs) of companies listed on the Nigerian Stock Exchange (NSE) who aroused positive interest in the Nigerian capital market. The maiden edition came up in 2013, for the activities that transpired on the floor of the NSE in 2012 fiscal year. And in that publication, the major parameter for selecting the top CEOs was share price appreciation. This edition is an improvement over the maiden edition in the sense that the growth rate in profit after tax of the latest quarterly results in 2013 was considered in addition to share price appreciation. The overriding objective is that by considering the two criteria, i.e., share price appreciation and growth in quarterly PAT, will strengthen our ability to assess managerial competence and gauge the extent CEOs have added value to shareholders’ investment.
Business-Matter.com would be at the event for coverage.
