PEARL Awards for capital market returns 2 years after

After two years of break due to the COVID-19 pandemic, PEARL Awards Nigeria is set to reward outstanding performances in the capital market.

This was disclosed by the CEO of PEARL Awards, Tayo Orekoya, at a press briefing in Lagos yesterday.

He said that PEARL Awards realised the need to recognise and reward companies that had continued to be on the winning edge and sustained their leadership in the capital market despite the challenges in the operating environment as a result of the pandemic.

“The event is being packaged with special features and innovations to be a remarkable night where captains of commerce and industries and major stakeholders of our economy will savour the joy of rewarding excellent operational performance of quoted companies and other capital market players in Nigeria,” he said.

Orekoya, who stated that the PEARL Awards had since inception continued to be guided by the principles of fairness, transparency and objectivity in the selection process for determining nominees and ultimate winning companies; assured of the awards’ role in achieving the objectives for which it was instituted.

He added that, “The nominees and ultimate award winners in the Main Competitive Awards category were determined utilising nine performances indices: Turnover Growth, Return on Equity, Earnings Yield, Share Price Appreciation, Dividend Cover, Dividend Yield, Net Asset Ratio, Dividend Growth and Profit Margin Ratio.”