02 Apr SEC approves appointment of CEOs for NSE subsidiaries
The Securities Exchange Commission (SEC) has approved the appointment of chief executive officers to head the Nigerian Stock Exchange (NSE) non-operating holding company and operating subsidiaries.
In January 2021, NSE had announced chief executives to head its operating and non-operating companies when the ongoing demutualisation exercise is completed, noting that the appointments were subject to the approval of SEC.
NSE said under the demutualisation plan, a new non-operating holding company—the Nigerian Exchange Group has been created.
The group will have three operating subsidiaries namely Nigerian Exchange Limited (NGX), the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulatory company; and NGX Real Estate Limited (NGX RELCO), the real estate company.
NSE, in a statement on Thursday, said SEC has approved Oscar Onyema as group chief executive officer (GCEO) of NGX Group; Temi Popoola as CEO of NGX; while Tinuade Awe as CEO of NGX REGCO.
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