Business & Economy
Demutualisation: NSE Announces Chief Executives for Emerging Entities
The National Council of The Nigerian Stock Exchange is pleased to announce the following Chief Executives will head its operating and non-operating companies upon the completion of its ongoing demutualisation:
| Name | Designation | Entity |
| Oscar N. Onyema, OON | Group Chief Executive Officer | Nigerian Exchange Group Plc. |
| Temi Popoola (CFA) | Chief Executive Officer | Nigerian Exchange Limited |
| Tinuade Awe | Chief Executive Officer | NGX Regulation Limited |
These appointments are subject to the approval of the Securities and Exchange Commission.
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”).
