CEOS, 44 companies win at 2020...
Nigeria Limited won the Debt Arranger of the Year award, while Fbnquest Merchant Bank Limited emerged the winner in the Debt Deal of the Year award.
The Banking and Other Financial Institutions Awards is an initiative of Businessday that started in 2013 anchored on the need to reward companies and CEOS turning the corner in the financial sector.
The 2020 edition of the awards was the 8th in a row, graced by dignitaries and business leaders driven by enthusiasm to witness the unveiling of those who were able to deliver reassuring performance in what has been undoubtedly a challenging year.
More than 150 companies were shortlisted in the awards with only about one quarter of them winning. Winners were adjudged by an independent research team in areas of track performances in share price appreciation, dividend payment, social impact, internal/ external growth, credit ratings, service delivery, amongst others.
Frank Aigbogun, publisher of Businessday, in his opening remarks at the event warmly welcomed the participants, saying “the year has been defined essentially by the health pandemic, which gives rise to financial economic crises”.
“In the midst of the crisis, as we adapt to changes and evolution, we are careful at Businessday to see how in the midst of the challenges individuals, leaders in banking and finance are distinguishing themselves, how institutions in that sector are distinguishing themselves,” Aigbogun said.
He said Businessday has
always had just one mandate – to report the economy as intelligently as possible, to highlight the key institutions who are playing critical roles and to acknowledge individuals who lead those institutions.
“We believe that in so doing we join them in catalysing economic growth and development in Nigeria,” he said.
Furthermore, Akinwande Ademosu, CEO, Credit Direct Limited, emerged the winner of Consumer Finance CEO of the Year award, while Credit Direct Limited won the Consumer Finance Company of the Year award.
Patrick Mgbenwelu, head of investment banking, FBNQuest Merchant Bank, won the Investment Banker of the Year award.
For the category of Insurance Company of the Year, AXA Mansard Insurance Plc swept the award.
Other award winners include VFD Group Ltd (Alternative Investment Manager of the Year & Best Investor Rela
tions); Zedvance Ltd (Best Automated Loan Origination and Processing Company of the Year); Grooming Microfinance Bank Ltd (Best Microfinance Institution of the Year); Page Financials (Consumer Credit Brand of the Year); and Central Securities Clearing System Plc (Securities Service Company of the Year).
Awards also went to Patricia (Crypto Platform of the Year); Rand Merchant Bank Nigeria Ltd (Debt Arranger of the Year & Merchant Bank of the Year); Zedcrest Group Ltd (Diversified Financial Services of the Year); Mastercard (Financial Inclusion Brand of the Year & Payment Solutions and Technology Provider of the Year); Hotforex.com (Forex Trading Platform of the Year); Cititrust Holding Plc (Investment Holding Company of the Year); AIICO Balanced Fund by AIICO Capital Ltd (Mixed Fund of the Year); and Infinity Trust Mortgage Bank Plc (Mortgage Bank of the Year).