The National Council of the Nigerian Stock Exchange, NSE, on Wednesday, announced the appointments of Mr. Oscar Onyema as Group Chief executive officer of the Nigerian Exchange Group Plc, Temi Popoola as the Chief Executive Officer of the Nigerian Exchange Limited and Tinuade Awe as CEO of NGX, subject to the approval of the Securities and Exchange Commission.
According to the announcement, a new non-operating holding company, the Nigerian Exchange Group plc (NGX Group) has been created including 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).
It says; “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 demutualization.
“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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