BUA Cement Plc has won the Most Compliant Listed Company award on the Nigerian Exchange Ltd. (NGX) at the 2025 Made of Africa Awards (MOA) hosted by the NGX Group in Lagos on Wednesday.
The award recognises the company’s adherence to market rules and corporate governance standards.
The Made of Africa Awards celebrate brokers, issuing houses, trustees, fund managers, listed companies and other market participants for excellence in value delivery, compliance and overall market impact.
Other award recipients included First Trustees Ltd., which won Best Trustee in terms of deal value, while Legend Internet Plc received the Market Debut Excellence Award.
CardinalStone Securities emerged Equity Trader of the Year and Broker of the Year, Capital Express Securities won ETPs Trader of the Year, and Stanbic IBTC Stockbrokers was named Fixed Income Trader of the Year.
Chapel Hill Denham received awards for Fund Manager with the Largest Listed Fund Size and Market Operator with the Highest Value of Foreign Portfolio Investment Transactions.
Mainstreet Capital and APT Securities and Funds jointly won Issuing House with the Highest Number of Primary Market Equity Transactions, while Anchoria Advisory Services led in corporate bond issuances.
Dangote Cement was named Best Issuer in Fixed Income Listings, while Transnational Corporation Plc was honoured for Capital Market Excellence in Equity.
Network Capital emerged Most Compliant Trading Licence Holder, United Capital Securities won Best Sponsoring Trading Licence Holder, while Banwo and Ighodalo was recognised for legal advisory value in capital market transactions.
Special recognition went to the Debt Management Office for its role in fixed income market development and the Capital Markets Correspondents Association of Nigeria for capital market reporting.
Lambeth Capital and Bamboo Systems Technology were recognised for onboarding the highest number of new retail investor accounts.
Speaking at the event, the Group Chairman of NGX Group, Alhaji Umaru Kwairanga, said the awards underscored the vital role of stakeholders in strengthening investor confidence and improving standards across the capital market.
Kwairanga said the achievements of the awardees set benchmarks for performance, integrity and innovation, adding that sustaining discipline and transparency was essential to maintaining the trust of domestic and international investors.
The Group Managing Director of NGX Group, Mr Temi Popoola, emphasised the importance of collaboration and operational efficiency across the market ecosystem, noting that cooperation among stakeholders was increasingly important as trading activities diversify and investor expectations rise.
Providing a regulatory perspective, the Executive Commissioner, Operations, Securities and Exchange Commission (SEC), Mr Bola Ajomale, said the awards reinforced the importance of compliance and transparency in market development.
Ajomale said recognition through the Made of Africa Awards promoted adherence to market rules and standards, adding that accountability and professionalism strengthened investor confidence, ensured market integrity and supported sustainable growth.
In his remarks, the Chief Executive Officer of Nigerian Exchange Ltd., Mr Jude Chiemeka, said recognising strong performance across the ecosystem would encourage deeper market participation and support long-term capital mobilisation.
