Demutualisation: NSE Announces Chief Executives for Emerging Entities

Wednesday, January 06, 2021 / 03:30 PM / By NSE/ Header Image Credit: Getty Images

The National Council of The Nigerian Stock Exchange is pleased to announce the following Chief Executives will head its operating and non-operating companies upon the completion of its ongoing demutualisation:

These appointments are subject to the approval of the Securities and Exchange Commission.

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").

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