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SIFAX Group wins BusinessDay ‘Next Bulls’ Award

L-R: Adekunle Oyinloye, Group Managing Director, SIFAX Group receiving The Next Bull’s Award on behalf of SIFAX Group from Frank Aigbogun, Publiser/CEO, BusinessDay Media at the media company’s office in Apapa recently.

The SIFAX Group as won the Next
Bulls Award organised by the BusinessDay newspaper.

Publisher/CEO of BusinessDay, Mr.
Frank Aigbogun, said the award was conferred on the business conglomerate due
to its brand authenticity, incredible growth trajectory, market dominance,
outstanding value system, innovative solutions and most importantly, the
proudly Nigerian values espoused by its leadership.

While shedding further light on
the award,  Aigbogun said it was premised
on a survey conducted amongst active investors on the Nigerian Stock Exchange
(NSE) and is meant to celebrate private, indigenous companies that active,
informed investors on the NSE have expressed a strong demand to own their
shares if their boards ever decide to take them public.
“After collation of survey
responses which was administered on equity analysts, retail and institutional
investors, financial journalists, sectoral experts, professionals and
millennials, more than 90 of the respondents identified SIFAX Group as a
company whose stock they would like to own in their dream equity portfolio for
long-term holding if the choice was limited to only 10 companies.
In total, 214 of the
respondents affirmed that they that they would invest in the SIFAX Group’s
Initial Public Offering (IPO) if it ever approached the market”, he said.
Mr. Adekunle Oyinloye, Group
Managing Director, SIFAX Group, who received the award on behalf of the company
appreciated BusinessDay for considering SIFAX Group worthy of recognition. 

“We know that an award
proposition from BusinessDay is not a fictitious or money-making venture. This
award is credible. We are genuinely grateful for this.
“As a Nigerian company, we
believe in this country and that is the major reason we continue to deepen our
investment in various sectors of the economy,” he said.
He noted that one of the
company’s subsidiaries, SAHCO Plc, had been listed on the exchange, adding that
the management was impressed by the investors’ appetite as evident in the level
of subscription to the IPO.

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