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The BusinessDay 2017 Top 25 CEOs Awards which was initially scheduled to hold on May 5, 2017 has been postponed. A new date and venue will be announced soon. The event was postponed based on requests from the participating firms which asked for more time.
The 25 CEOs of the companies that made the list in 2017 added N634 billion to their companies’ market capitalisation in FY2016, and that was 111 percent higher than the N301 billion those that won it in 2016 added to their companies’ market capitalisation. But for the contributions of these CEOs, the NSE’s market capitalisation and index of the listed equities would have recorded more losses than the negative 6.17 percent they posted last year.
The Top 25 CEOs of quoted companies on the Nigerian Stock Exchange (NSE) is an annual event organised by BusinessDay, through its research arm, BusinessDay Research and Intelligence Unit (BRIU) with the aim of identifying the CEOs who proved their mettle in a particular financial year by adding value to shareholders’ investment. The parameters used in the analysis include share price appreciation, which must outperform the All Share Index (ASI) and sustainable growth in profit after tax (PAT).
Debuted in 2013, the annual event is meant to reward the chief executive officers of the listed companies who added value to their companies in a particular financial year. The 2016 edition was sponsored by Samsung Mobile, a global leader in the provision of telecommunications equipment and Sujimoto, a luxury real estate provider such as the Medici Estate Ikoyi, while that of 2015 was supported by Microsoft Lumia.
Since introduction, the annual awards have become the capital market bellwether used in identifying the performing chief executive officers and stocks on the Nigerian Stock Exchange (NSE). It is to this end that we celebrate these men and women who have contributed to the success recorded by their companies and the Nigerian economy in general.
Notable names on the 2017 list are the CEOs of Guaranty Trust Bank(GBT), Nigerian Breweries, Dangote Cement, Total Nigeria and Conoil Plc. The CEO of GTB added N199.89 billion to the company’s market capitalisation in 2016. Nigerian Breweries’ market capitalisation was boosted with an increase of N95 billion; Dangote Cement’s market capitalisation rose by additional N68 billion; Total Nigeria’s market capitalisation in 2016 increased by N51.6 billion while Conoil Plc added N47.4 billion to its market capitalisation.
