The National Council of The Nigerian Stock Exchange has announced that the following Chief Executives will head its operating and non-operating companies upon the completion of its ongoing demutualization.
They are Oscar N. Onyema as Group Chief Executive Officer of Nigerian Exchange Group Plc; Temi Popoola as Chief Executive Officer of Nigerian Exchange Limited, and Tinuade Awe, Chief Executive Officer of NGX Regulation Limited.
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These appointments are subject to the approval of the Securities and Exchange Commission (SEC).
Under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group plc (NGX Group) has been created.
The Group will have three operating subsidiaries – Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulatory arm; and NGX Real Estate Limited (NGX RELCO), the real estate company – forming the group. All the entities have been duly registered at the Corporate Affairs Commission (CAC).
