CMFC's 56% Surge in September Recognized by Top CEO Award
In September, eleven stocks significantly outperformed the broader market on the Nigerian Exchange, which saw a total capitalisation increase of N5.36 trillion. Critical Minerals Financing Corporation (CMFC) Plc recorded the highest average capital gain of 55.96%, surpassing the overall market average gain of 2.87%.
This surge followed the recognition of CMFC's president and co-CEO, Dr Israel Ovirih, as one of Nigeria’s top 25 chief executives by BusinessDay in collaboration with the Nigerian Exchange (NGX). Other notable gainers included UPDC Real Estate Investment Trust (45.42%), Zichis Agro Allied Industry (36.77%), and Nigerian Exchange Group (35.68%).
The All Share Index (ASI) rose from 244,199.39 points to 251,211.67 points. Ovirih stated that CMFC aims to bridge global demand for critical minerals with Africa's value chain, emphasizing their commitment to structured financing in the sector.
The Top 25 CEOs were selected based on corporate governance excellence, highlighting CMFC's strategic importance.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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