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Demutualisation: NSE Announces Chief Executives for Emerging Entities

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4 years ago

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January 6, 2021

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Demutualisation BRANDNEWSDAY 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”).

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