Demutualisation: SEC approves appointment of CEOs for NSE subsidiaries

The Securities and Exchange Commission, SEC, has approved the
appointment of the Chief Executive Officers, of the demutualised
entities of the Nigerian Stock Exchange, NSE.

The CEOs are Oscar N. Onyema, Group Chief Executive Officer,
Nigerian Exchange Group Plc; Temi Popoola, Chief Executive Officer,
Nigerian Exchange Limited and Tinuade Awe, Chief Executive Officer,
NGX Regulation Limited.

Under the demutualization plan, a new non-operating holding
company, the Nigerian Exchange Group Plc (NGX Group) has been
created. The Group has three operating and all the entities have
been duly registered at the Corporate Affairs Commission.

Commenting on the appointments, Otunba Abimbola Ogunbanjo,
Chairman of NGX Group Board of Directors stated: “The confirmation
of these appointments are an important step in the process of
building a leading and resilient African Exchange Group following
the completion of our demutualisation programme.”

A.B Mahmoud, Chairman of Nigerian Exchange Limited (NGX) said:
“The confirmation of the appointment of Temi Popoola, CFA as the
first Chief Executive Officer of Nigerian Exchange Limited comes at
a pivotal moment for Nigerian capital markets as the Exchange
enters a new phase of its history as a demutualised company,
bringing to the Exchange his track record of achievement local and
global capital markets.’’

The Securities and Exchange Commission, SEC, has approved the
appointment of the Chief Executive Officers, of the demutualised
entities of the Nigerian Stock Exchange, NSE.

The CEOs are Oscar N. Onyema, Group Chief Executive Officer,
Nigerian Exchange Group Plc; Temi Popoola, Chief Executive Officer,
Nigerian Exchange Limited and Tinuade Awe, Chief Executive Officer,
NGX Regulation Limited.

Under the demutualization plan, a new non-operating holding
company, the Nigerian Exchange Group Plc (NGX Group) has been
created. The Group has three operating and all the entities have
been duly registered at the Corporate Affairs Commission.

Commenting on the appointments, Otunba Abimbola Ogunbanjo,
Chairman of NGX Group Board of Directors stated: “The confirmation
of these appointments are an important step in the process of
building a leading and resilient African Exchange Group following
the completion of our demutualisation programme.”

A.B Mahmoud, Chairman of Nigerian Exchange Limited (NGX) said:
“The confirmation of the appointment of Temi Popoola, CFA as the
first Chief Executive Officer of Nigerian Exchange Limited comes at
a pivotal moment for Nigerian capital markets as the Exchange
enters a new phase of its history as a demutualised company,
bringing to the Exchange his track record of achievement local and
global capital markets.’’