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  Dangote Cement, others make NSE Premium Board

The Nigerian Stock Exchange (NSE) launched a new listing platform - the Premium Board and the associated Premium Board Index (PBI), in Lagos in August. Dangote Cement Plc is one of the companies that qualified for the Premium Board that featured companies that meet the Exchange’s most stringent listing criteria of capitalisation, governance and liquidity.

FBN Holdings Plc and Zenith Bank Plc also made the list, which aims at providing a platform for greater global visibility for eligible African corporates to make it easier for them to attract global capital flows and reduce the cost of funding.

Commenting on the new listing, Chief Executive Officer, NSE, Mr. Oscar Onyema said the effort is in keeping with Exchange’s commitment to promoting Africa’s biggest companies, as well as influencing the economic growth and development of Nigeria.

He said: “The Exchange is a member of the United Nation’s Sustainable Stock Exchange Initiative, which is designed to encourage stock exchanges to influence their ecosystem to adopt sustainable ways of doing business around Environmental, Social, and Governance dimensions. The Premium Board is one result of our commitment to place corporate governance front and centre as a way to improve the climate for doing business in Africa.”

Publication date is 9/11/2015

Dangote Group
Union Marble House
1 Alfred Rewane Road
Lagos, Nigeria