-by our correspondent.
The National Council of The Nigerian Stock Exchange (NSE) has released names of designated Chief Executives who will head its operating and non-operating companies after the completion of the ongoing demutualization of the Exchange.
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”)
Chief Executive Officer, NSE, Oscar Onyema
A statement signed by the NSE Media & Internal Engagement Analyst, Corporate Communications, Oore Kalejaiye, said the current Chief Executive Officer of the local Burse, Oscar Onyema is to lead the Nigerian Exchange Group Plc as the CEO, Temi Popoola would be the CEO of Nigerian Exchange Limited while Tinuade Awe is designated the CEO of NGX Regulation Limited.
According to the statement, the appointments are subject to the approval of the Securities and Exchange Commission (SEC).