COSG had the honor of closing the market at the trading floor of the Nigerian Stock Exchange on the 25th of November 2015, 19 months after listing as a PLC. On hand to witness this memorable occasion were the leadership of both Caverton Offshore Support Group and the NSE.
In his welcome address, Mr. Haruna Jalo-Waziri Executive Director Business Development who represented Mr. Oscar Onyema the Chief Executive Officer of NSE spoke about the advocacy rights with government to ensure that listed companies have value-added situations. The NSE among other things, is looking at the tax regime listed companies are subjected to with the aim of ensuring that a fair environment is created for listed companies to do business. He encouraged COSG to not lose faith due to the fall in the share price as share prices have been battered globally but to continue to deliver safe operations with zero accidents.
Mr. Bode Makanjuola, Chief Executive Officer COSG remarked that “although our share price has fluctuated, what is important is that we deliver best service to our clients. Although we had some reductions in contract scope in 2015, we are fortunate to have long term contracts and, we are hopeful that 2016 will end in a much better state. We continue to focus on working safe and delivering great service to our esteemed clients.”
Following the closing ceremony where Mr. Bode Makanjuola sounded the gong to declare the market closed for the day, the Doyen of the Stock Exchange thanked Caverton “for abiding by NSE regulations and submitting their reports in a timely manner.’’ Thereafter, Mr. Bode Makanjuola was interviewed by CNBC Africa in a live feed during the round-up of the day’s market on the program ‘Closing Bell’.