The Chief Executive Officer of The Nigerian Stock Exchange, Oscar Onyeama, has commended Nigerian Breweries Plc for its commitment to corporate governance standards.
Onyeama gave the commendation when the new Managing Director of Nigerian Breweries Plc, Jordi Borrut Bel, visited The Exchange in the company of other top management staff of the company.
Speaking during the visit, Onyeama, who was represented by Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange, described Nigerian Breweries as an exemplary corporate citizen.
Awe explained that part of The Exchange’s core mandate is to ensure that it continues to provide a robust platform that will attract the confidence of local and foreign investors.
In his remark, Bel acknowledged the pivotal role The Exchange has been playing in the sustained growth and development of the capital market and the Nigerian economy in general over the years.
While restating the commitment of Nigerian Breweries to sustaining its relationship with The Exchange, Bel added that the company has over the years excelled in compliance and corporate governance matters.
He said: “I am aware that we have over the years received awards and recognition from The NSE, including The NSE President’s Merit Award in the Brewery Sector, The NSE Quoted Company of the Year Award and The NSE CEO’s Distinguished Award for Compliance and The NSE CEO’s award as the Most Compliant Listed Company on The Nigerian Stock Exchange.”
He pledged the commitment of the company to sustain its high performance in matters of corporate governance and compliance.
Bel also congratulated The Exchange for the recent historic high equity market capitalization of N15 trillion and for being the best performing Stock Exchange in Africa and number three worldwide in 2017.
The Nigerian Breweries team was later invited to the trading floor, where Bel performed the traditional ringing of the bell to close the market for the day.
At the brief closing ceremony, the Doyen of Stockbrokers, Sam Ndata, commended Bel and his team for the visit and lauded Nigerian Breweries for its sustained good return on investment for the company’s shareholders.