Airtel Africa Wins Big at Maiden ICAN-NGX Awards

Airtel Africa, a leading telecommunications provider listed on the Nigerian Stock Exchange (NGX), achieved significant recognition at the first-ever ICAN-NGX Awards. The company secured the top honors for Most Outstanding in Financial Reporting and claimed the overall gold award across all categories, in addition to receiving several other nominations.

Airtel Africa emerged as a major winner at the inaugural edition of the ICAN-NGX Awards, carting away the Most Outstanding in Financial Reporting and the overall gold across all categories, amidst other nominations.

These honours were announced at a special ceremony held over the weekend, at the NGX headquarters in Lagos.

Organised by the Institute of Chartered Accountants of Nigeria (ICAN) in collaboration with NGX Regulation Limited (NGX RegCo), the awards recognised excellence in corporate reporting among the top 30 most capitalised companies listed on the Nigerian Stock Exchange for the 2022 financial reporting year.

Airtel Africa stood out among other nominees in the areas of Financial Reporting, Corporate Governance, and Sustainability Reporting.

In the highly competitive Financial Reporting Category, Airtel Africa was recognised as the Most Outstanding, edging out industry giants, such as; Dangote Cement Plc, Dangote Sugar Refinery Plc, MTN Nigeria Communications Plc, Seplat Energy Plc, Stanbic IBTC Holdings Plc, and Sterling Financial Holdings Company Plc.

Speaking on the awards, the group chief executive officer, Airtel Nigeria, Carl Cruz, expressed gratitude for the awards while reiterating the organization’s enduring commitment to promoting transparency and accountability for the benefit of all stakeholders.

“At Airtel, we strive to set the benchmark for excellence in financial reporting and corporate reporting, and these awards validate our efforts in this regard. We have been deliberate in maintaining a painstaking dedication to transparency for the sake of our shareholders, which is also how we keep our promises to our shareholders,” he said.

Airtel Africa also received the Gold Award in the Corporate Reporting Category. This award, according to Mr. Cruz, underscored Airtel’s culture of fair business practices. “Today’s recognition reminds us to keep upholding the fundamental principles of integrity, accountability, and ethical conduct across all facets of its operations,” he noted.

In his remarks at the award ceremony, the chief executive officer, NGX Regulation Limited, Olufemi Shobanjo, stressed the significance of the award, and highlighted the importance of transparency and accountability in building a more productive market environment.

“It is noteworthy that integrity is an important drive in ensuring a successful business. In this vein, the Corporate Reporting Award underscores our collective commitment to fostering a capital market that operates on principles of transparency, integrity, and excellence,” he said.

While sharing this positive sentiment regarding the awards, the 59th president of the Institute of Chartered Accountants of Nigeria (ICAN), Innocent Okwuosa expressed optimism about the future of corporate reporting in the country. “As sustainability evolves and with Nigeria adopting IFRS S1 and S2 of the International Sustainability Standard Board (ISSB). it is expected that the corporate reporting in Nigeria will get better and better,” he said,

Airtel Africa remains committed to promoting accountability, transparency, and sustainability in its operations.

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