Africa’s largest cement manufacturer, Dangote Cement Plc has emerged as the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX).
Dangote Cement pride as the most capitalised company on the Nigeria Stock Exchange was named the best stock ahead of BUA Cement Plc and CAP Plc, during the 2022 Nigerian Investor Value Award (NIVA) organised by the Businessday in collaboration with the Nigeria Exchange Group
The coveted award is meant for two classes of companies namely, the listed companies segment and the Next Bull segment with Dangote Cement leading the pack in the Listed Companies best-performing stock, in the industrial goods category having been adjudged to have recorded stellar performance in creating value on the Nigeria Stock Exchange on the basis of criteria such as share price, dividend payments, sustainability, brand value, market leadership and business strategy against its peers during the period under review.
In his address on the occasion, the Chief Executive Officer, Nigeria Exchange Limited, Mr Temi Popoola, who was represented by the Divisional Head, Capital Market, Mr Jude Emeka said the award by the Businessday Media Limited underlined Nigeria Exchange Group’s goal of promoting actionable and effective multi-stakeholder dialogue on issues central to a well-functioning financial system.
He assured that the NGX remained resolute in its commitment to the provision of a scalable and enterprising platform for issuers and investors to meet their financial objectives irrespective of the prevailing conditions.
Mr Popoola said “We will continue to consolidate on the advances by focusing on key initiatives aimed at growing the capital market for the benefit of all key stakeholders.