TheCable

The Nigerian Exchange Group (NGX) says it will assemble key stakeholders in the capital market for the 2022 edition of its ‘Made of Africa’ (MOA) awards.

NGX made this known in a statement issued on Tuesday.

It said the hybrid event, themed ‘Innovation in capital markets: The panacea for exponential growth’, will be held in Victoria Island, Lagos on December 6, 2022.

The exchange said the MOA awards is designed to recognise organisations and individuals within the capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact.

NGX added that it will act as a key driver in strengthening the Nigerian and broader African capital markets.

“The awards will also reward adherence to high ethical standards, compliance with the rules and regulations of the exchange, and other applicable laws and regulations,” it said.

Speaking on the event, Abubakar Mahmoud, chairman, NGX, said the MOA Africa awards is a landmark recognition platform that rewards and inspires excellence.

“We are proud to promote success stories and drive the culture of innovation whilst catalysing a vibrant African capital market ecosystem,” he said. 

“With the awards, NGX is showcasing ‘the stock Africa is made of’. We remain committed to building a thriving market and promoting innovative solutions that provide a globally competitive platform for issuers to raise capital, and investors to meet their financial objectives across markets and geographies.”

On his part, Temi Popoola, chief executive officer (CEO), NGX said: “In our continued quest to deliver a sustainable Nigerian capital market through cutting-edge innovation and exemplary leadership, NGX recognises notable institutions and individuals whose remarkable forward-looking initiatives have contributed immensely to the growth of the market in Nigeria and beyond.” 

He said the event has been refined to reflect the dynamic nature of the Nigerian capital market, rewarding excellence and leadership.

“As we engineer market-wide innovation, we must ensure that stakeholders uphold the principles and values that make the market standardised,” he added.

“Accordingly, we will be rewarding not just performance but compliance and commitment to best practices.”

Established in 2012 as Nigerian Stock Exchange (NSE) CEO awards, the MOA awards offer winners a year-round marketing opportunity and a big morale-booster for institutions and individuals who have made extraordinary contributions to the Nigerian capital market.