Top 25 award winning CEOs set Lagos aglow

| Filed under: Company News | Author: TELIAT SULE

Twenty-five distinguished chief executive officers (CEOs) of companies listed on the Nigerian Stock Exchange (NSE) will be honoured this Saturday as delegates converge on Lagos State for the 2013 BusinessDay’s Top 25 CEOs awards ceremony. Dignitaries expected at the special event include the Director-General, Securities and Exchange Commission (SEC), Arunma Oteh; CEO, Nigerian Stock Exchange (NSE), Oscar Onyema, the 25 award winners, as well as other notable personalities within the Nigerian economy.
The Top 25 CEOs Award is a yearly event which is meant to appreciate the contributions of the 25 CEOs who contributed the most to the growth of the capital market in a particular financial year. The capital market which is at the centre of the event plays a strategic role in economic development as it provides the medium for channelling long term funds into productive activities.
Against this backdrop, the Top 25 CEOs will be honoured for having contributed 68 percent of the gains in market capital capitalisation in 2013. In other words, these award winning CEOs collectively added N2.88 trillion out of the N4.25 trillion increases in market capitalisation in 2013. Another interesting thing about their achievement is that they ensured that their companies’ share prices outperformed the All-Share Index (ASI) of the NSE, which closed the year at 47 percent. From another perspective, their contributions amounted to 58 percent of the nation’s budget in 2013. It should be recalled that Nigeria budgeted N4.98 trillion in 2013 Appropriation Bill.
Special among the 25 CEOs are the Platinum Group whose members beat the ASI back to back in 2012 and 2013. They are the CEOs of International Breweries, Cadbury, NASCON and GSK. Others are the CEOs of CAP, Livestock Feeds, Transcorp and Nestle Nigeria plc.
The CEOs of CCNN, Lafarge Wapco and Dangote Cement Plc qualified from the building materials sub sector. From the conglomerates subsectors are the CEOs of Transcorp and UACN Plc. From the food and beverages subsector, we have the CEOs of Cadbury, Dangote Sugar,National Salt, Mchichols, Nestle and 7-UP. African Prudential Registrars, Stanbic IBTC and UBA Capital Plc from the financial sub sector have their CEOs among the 2013 distinguished award winners.
Furthermore, the CEOs of Fidson and GSK from the healthcare; Continental Re and Custodian and Allied Insurance from the insurance sub sector; Forte Oil and Conoil Plc from the oil and gas sector are among the award winners.
In addition, the CEOs of Livestock Feeds from the agric sector; International Breweries from the brewery sector; CAP from the Chemicals and Paints sector; Julius Berger from the construction sub sector, and UACN Property Development Plc from the real estate are among the award winners.
In monetary terms, the CEO of Dangote Cement increased shareholders’ value by N1.54 trillion in 2013. Next to him is the CEO of Nestle Plc who increased shareholders’ value by N396bn. Using the same metric, the CEO of Lafarge improved shareholders’ wealth by N172.6bn; Transcorp, N127.8bn; Stanbic IBTC, N103.5bn; Forte Oil, N97.2bn; Cadbury, N93.9bn; and Dangote Sugar, N63.2bn.
Measured by monetary contribution to shareholders’ wealth, we have the CEOs of UACN, N48bn; Julius Berger, N45bn; International Breweries, N40.7bn; Conoil, N32.9bn; GSK,N21.9bn; 7-UP, N18.8bn; NASCON,N17.5bn; CAP,N14bn; UPDC, N9.9bn and CCNN, N8bn.
Other CEOs who rigorously worked in 2013 to increase their companies’ shareholders’ wealth include Livestock Feeds whose market capitalisation added N5.7bn; Continental Re, N4.6bn;Custodian and Allied Insurance, N4bn; Africa Prudential Registrars N2.8bn, Fidson Healthcare, N2.6bn and Mcnichols, N139m.