Saturday, Jan 23rd 2021 4:06 AM

Market Digest Nigeria


NSE announces upcoming CEOs


The National Council of Nigerian Stock Exchange (NSE) has announced chief executives to head its operating and non-operating companies when the ongoing demutualisation exercise is completed.

Nigerian Stock Exchange

According to a statement by the NSE, the Nigerian Exchange Group Plc will be headed by Oscar Onyema as Group Chief Executive Officer (GCEO) while Temi Popoola will assume office as CEO of Nigerian Exchange Limited.

The exchange noted that the appointments are subject to the approval of the Securities and Exchange Commission (SEC).

The statement disclosed: “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),” it stated.

Members of the NSE had, in November 2020, unanimously voted to support the listing of the Nigerian Exchange Group on the NSE.


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