​Demutualisation: NSE announces chief executives for emerging entities

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

The NSE, in a notice on its official site, announced that 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.

Techeconomy.ng also deduced from the notice that Tinuade Awe will head the NGX Regulations Limited as CEO.
    
According to the NSE, the appointments are subject to the approval of the Securities and Exchange Commission (SEC).
    
The statement read: “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).”