Lagos, Nigeria, 9th Dec 2022: CardinalStone Securities Limited (CSSL) has won the award for ‘Best Trading License Holder Across Asset Classes’ at the Nigerian Exchange Limited’s Made of Africa (MOA) Awards. The company was recognized as the Trading License Holder with the highest ranking in terms of the sum of the total calculated points in deals, volume, and value across asset classes (Equity, Bond and ETPs) in 2022 at the event held recently in Lagos.

The MOA Awards, first established as the NSE CEO Awards in 2012, is designed to recognize companies and individuals within the capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact and act as key drivers in strengthening the Nigerian and African capital markets.

Speaking on the achievement of the firm in receiving the award, Michael Nzewi, the Group Managing Director/Chief Executive Officer of CardinalStone said “CardinalStone is delighted to be a part of this, and we cannot deny how much of an impact the Nigerian Exchange has had in Africa as a whole. The Nigerian Exchange provided a platform for us to execute the largest deal on the Nigerian Exchange to date. We are grateful for this win and are super proud of the immense growth and value that the Nigerian Exchange adds to us all”.

The award ceremony featured some organisations listed on the Exchange such as Dangote Cement Plc, MTN Nigeria Communications Plc, Meristem Capital Limited, and Stanbic IBTC Capital Limited, who were also winners of awards amongst others in their various categories.

CardinalStone Securities Limited is a wholly owned securities trading subsidiary of CardinalStone Partners Limited – a full-service investment banking firm and financial services company with diverse domestic and foreign clientele that began operations in June 2008. Under the CPL portfolio, the firm offers services encompassing Investment Banking, securities trading, Asset Management, Registrar Services and Consumer Finance.

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