UPDC leverages NGX closing gong to introduce new CEO

UACN Property Development Company (UPDC) Plc leveraged Nigerian Exchange Limited Closing Gong Ceremony to introduce its new Chief Executive Officer (CEO), Odunayo Ojo to the capital market community.

Speaking at the event, Olumide Bolumole, Divisional Head, Listing Business, NGX stated, “I am delighted to welcome Odunayo Ojo to today’s digital closing gong ceremony to commemorate his appointment as the new Chief Executive Officer of UPDC Plc. Mr. Ojo’s appointment is a recognition of his dedication and commitment to the development of the Real Estate Industry as well as the reputation earned in the industry over the years.”

“At Nigerian Exchange (NGX) Limited, as a business enabler, is committed to providing platforms to support issuers and market participants in achieving their business objectives. The closing gong ceremony is one of such platforms organized to recognize and provide visibility to our listed companies and market participants on the Exchange’s Platform. Let me reassure the leadership of UPDC Plc that the exchange will remain your trusted business partner in achieving your strategic business objectives”.

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NGX provides a leading platform in Africa for raising capital as well as facilitating a thriving secondary market for trading securities. Its platform also ensures seamless flow of market information to support trading activities of investors and our trading licence holders. NGX also provide an efficient avenue for investments in multiple asset classes providing investors varied options including Equities, Fixed Income and other Exchanged Traded Products (ETPs).

On his part, Odunayo Ojo commented thus: “I would like to congratulate Nigerian Exchange Group on its successful completion of the demutualisation of The Nigerian Stock Exchange (NSE). We at the UPDC believe that this is just the beginning of greater success of Nigerian stakeholders. UPDC is a leading Real Estate company that was established in 1997 as since grown to be the largest real estate company listed on the NGX. UPDC has grown to become a household name and indeed, continues to establish its footprints as a leader in real estate acquisition, development, sales and management of quality commercial, retail and residential properties in Nigeria. We are always committing to giving our customers the best quality and value at all time. I will like to cease this opportunity to thank our highly esteem shareholders for constantly supporting us.”

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By Iheanyi Nwachukwu • June 8, 2021

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.