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By Chukwuma Umeorah
Total Energies Marketing Plc, has won the overall highest award (the PEARL) in capital market at the 25th edition of the PEARL Awards.
The award is in recognition of Total Energies as the best performer in the capital market.
The award was presented by Governor of Lagos State, Babajide Sanwo-Olu and the Chairman of PEARL Awards Board, Faruk Umar.
The 25th edition of the widely acknowledged prestigious awards themed, “Sustaining Excellence through Tenacity” held in Lagos, Sunday, recognised and rewarded key players in the capital market with outstanding performances despite headwinds. The event played host to dignitaries, quoted companies and strategic players across various sectors in the capital market.
Total Energies Marketing Plc was presented with the Overall Highest Award (the PEARL) in recognition of its outstanding results as the best performer in the capital market for the year 2022 despite very challenging macroeconomic environment. The company also demonstrated its leadership in the oil and gas sector as they clinched two other awards to make it three for the night.
The company emerged tops in the Sectoral Leadership category, oil and gas (petroleum products) as they out perfromed Conoil plc and Seplat Energy Plc who were also nominees. The company also won the Special Recognition Awards for Corporate Governance. Total Energies expressed gratitude to the organizers and to everyone who has shown immense support to the company even as it reiterated its commitment to guarantee the return of investments to shareholders.
Sanwo-Olu, who was also an investment banker, commended the effort of the organisers while acknowledging the credibility and essence of the PEARL awards over the years.
“It is an award that has remained credible and steadfast at promoting the capital market. I want to specially commend the organizers, and everyone present here. We need the funding and the stability of the capital market even as public administrators to be able to deal and have long term funding.”
The President/CEO of Pearl Awards, Tayo Orekoya, in his address said the event was committed to recognizing leaders who represent beacons of hope for the capital market. According to him, “It is gratifying to note that in spite of tight and challenging business environment, a number of quoted companies have continued to deliver superior performance, quantum leap in bottom lines and good returns to shareholders.”
