• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Sunday, June 15, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

Dangote Cement, Seplat, others top  ICAN/NGX RegCo award

Editor-in-Chief by Editor-in-Chief
May 18, 2024
in News
0
Dangote Cement, Seplat, others top  ICAN/NGX RegCo award

Dangote Cement, Seplat, others top  ICAN/NGX RegCo award

0
SHARES
6
VIEWS
FacebookTwitterWhatsappEmailTelegram

Dangote Cement, Seplat Energy and Airtel Africa have emerged the three top winners of the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd. (NGX RegCo).

The News Agency of Nigeria(NAN) reports that the award, held in Lagos, recognises the top 30 most capitalised companies listed on the Nigerian Exchange Ltd. (NGX) for the 2022 financial reporting year.

RelatedPosts

Northern CAN Mourns Plateau Chair, Fr. Lubo

Benue LG Boss Bans Forest Logging Activities Over Insecurity

Oguntala commends NSE Abuja for membership drive

The awards underscored both organisation’s shared commitment to fostering transparency, accountability, and international best practices within the private sector.

The evaluation criteria included financial reporting, corporate governance and sustainability reporting.

Dangote Cement secured the top position across all three categories and earned the Platinum Award, alongside the Best-in-Class Award of Excellence in Corporate Governance.

Airtel clinched the gold award, securing the second position and the Best-In-Class Award of Excellence in Financial Reporting for the period under review.

Seplat Energy was honoured with the Silver Award, while also receiving the Best-In-Class Award for Excellence in Sustainability Reporting.

Speaking at the ceremony, the president of ICAN, Dr Innocent Okwuosa, commended NGX RegCo for ensuring better disclosures and reporting among listed companies.

Okwuosa noted that corporate reporting over time had evolved, as there was a shift from a primary focus on financial reporting to the increasing request to incorporate social and environmental disclosures.

He stated that the latter had evolved and had been differently propagated, including but not limited to Environmental Social and Governance (ESG) disclosure and of late sustainability disclosures.

ALSO READ:  BREAKING: Nasir El-Rufai Resigns From APC, Joins SDP

The ICAN president added that good corporate reporting must reflect the best elements in corporate governance, financial and sustainability reporting.

Okwuosa highlighted that the maiden edition of the award is limited to 30 companies listed on the NGX for ease of administration, but will be extended to all the listed companies in the future.

In his welcome address, the CEO of NGX RegCo, Mr Olufemi Shobanjo, said that transparency is one of the key drivers of any economy.

Shobanjo stated that transparency ensures full disclosure of information by entities and that such information is easily accessible to members of the public to make informed decisions.

He said: “Over the years, there has been an evolution in the type and quality of information demanded, driven by heightened expectations from investors, decision-makers, and society as a whole.

 “While financial reports remain at the forefront of information required by stakeholders, the concept of ESG considerations has become an area of increasing interest to both public and private sector stakeholders.

Shobanjo attributed this to the interplay between ESG and key issues such as sustainable development, corporate governance, climate change, stakeholder engagement, and community relations amongst a myriad of other issues.

According to him, stakeholders are beginning to demand more accountability, and companies are required to think beyond just profitability.

The NGX RegCo boss noted that companies could do this by expanding their scope to include the ethical impacts that their operations have on the society or communities within which they operate.

He assured that as a self-regulatory organisation, NGX RegCo remains committed to ensuring that the expectations of investors and other stakeholders regarding access to quality information are met.(NAN)

ALSO READ:  'Your tireless dedication to service inspires us'—NUFTS Greets Tinubu On 72nd Birthday
Tags: AwardDangote CementNGXSeplat
Editor-in-Chief

Editor-in-Chief

Sunday Isuwa is an Award-winning Journalist #SpacesHost and hold post graduate degrees in Mass Communication. He is the Editor-in-chief and his stories have affected the lives of millions and shape the global politics and business.

Related Posts

Northern CAN Mourns Plateau Chair, Fr. Lubo

Northern CAN Mourns Plateau Chair, Fr. Lubo

by Ojimaojo Abubakar
June 15, 2025
0

The Christian Association of Nigeria (CAN) in the 19 Northern States and the Federal Capital Territory has expressed deep grief...

Benue LG Boss Bans Forest Logging Activities Over Insecurity

Benue LG Boss Bans Forest Logging Activities Over Insecurity

by Nathaniel Irobi
June 15, 2025
0

The chairman, Agatu Local Government Area (LGA) of Benue, Melvin Ejeh, has imposed an immediate and comprehensive ban on all...

Oguntala commends NSE Abuja for membership drive

Oguntala commends NSE Abuja for membership drive

by Ojimaojo Abubakar
June 15, 2025
0

By Abubakar Yunusa The President of the Nigerian Society of Engineers (NSE), Margaret Aina Oguntala, has commended the Abuja Branch...

Recommended

Elon Musk Reflects on His Regret Over Trump Posts: ‘I Went Too Far

Elon Musk Reflects on His Regret Over Trump Posts: ‘I Went Too Far

4 days ago
Zamfara CSOs Hail Matawalle’s Education Strides, Urge 2027 Return

Zamfara CSOs Hail Matawalle’s Education Strides, Urge 2027 Return

5 days ago

Popular News

  • Arewa group hails Tinubu’s inclusive appointments

    NURTW President Hails Tinubu’s Reforms, Urges Greater Support For Transport Sector

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Group Warns Against Attempt To Pitch Senator Katung Against Tinubu, Gov Uba Sani

    0 shares
    Share 0 Tweet 0
  • NAHCON Officials Grumble in Saudi Arabia Over Unpaid Allowances

    0 shares
    Share 0 Tweet 0
  • My Office Is Accessible To All, Hon. Bawa Tells Group

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (726)
  • Education (213)
  • Entertainment (310)
  • Health (190)
  • National (2,096)
  • News (7,882)
  • Opinion (290)
  • Politics (1,578)
  • Science (15)
  • Security (404)
  • Sports (425)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform