Proshare Announces Leadership Changes, Ahead of its Service and Business Process Restructuring

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Monday, December 21, 2020 / 08.17PM / By Proshare / Header Image Credit: Ecographics

Proshare Nigeria Pvt. Ltd.

Proshare, Nigeria's Premier Financial Information hub, as part of its fourteenth  (14th) anniversary announces the re-organisation of its leadership (as well as that of its subsidiary - WebTV Limited), as part of its transition to a "Tech-Driven Information Market" created to deliver value to a new financial ecosystem.


Proshare seeks to take the current experience to a fresh level that allows it to scale services to the benefit of its various stakeholders.


The change envisaged, is premised on a rethinking, refocusing, and reimaging of the business environment with technology being at the heart of a new fit-for-purpose company we have become, one that is ready and able to meet the imperatives of tomorrow by Q2 '2021.


The past has been a brilliant journey, but the future is a fresh chapter of the organizational narrative that defines a commitment to corporate sustainability and independent financial market governance overview.


The new thrust will provide users of the platform a different feel and flavour with higher interactivity and stronger user sensitivity. Concerns about the founder issue was resolved in 2018 and the move today is an extension of the well-thought-out plan for succession as well as repositioning for a market we can yet see.


Standing still when the waves of change come crashing down is what Proshare envisaged and sought to address via a hand-holding process that delivered a corporate rethinking, reimagining and re-strategizing approach now under the management of a team that understands the realities, requirements and responsibilities of value creation for success.


In furtherance therefore, and effective from January 01, 2021, the Board has approved the appointment of a new management for Proshare as follows:

  • Grace Adejare-AJUWON - Managing Director 

  • Reshu BAGGA - Executive Director / Chief Technology Officer (CTO)

  • Saheed KIARIBE - Executive Director, Director of Data & Research

  • Teslim SHITTA-BEY - Executive Director / Chief Economist; and Managing Editor

  • Ottoabasi ABASIEKONG - Editorial Operations Manager for WebTV Limited (a subsidiary of Proshare Nigeria)


Speaking on these appointments, the Founder and Chairman of Proshare Nigeria, Mr. Olufemi AWOYEMI, expressed his confidence in the team he had the pleasure of working with prior to and during the transition period; which has demonstrated the necessary clarity in culture, conviction and corporate governance on the principal elements of what the firm was built upon to deliver that changed organisation envisaged. 


Proshare Nigeria Pvt. Ltd.


On this premise, the corporate board of Proshare will comprise of:

  1. Olufemi AWOYEMI, Non-Executive Chairman
  2. Oladipo Ibrahim Dawodu, Non-Executive Director
  3. Ayo TERIBA (Dr.), Independent Director
  4. Reshu BAGGA, Executive Director
  5. Grace 'JARE-AJUWON, Managing Director
  6. Saheed KIARIBE, Executive Director
  7. Teslim SHITTA-BEY, Executive Director
  8. Jennifer Aburime, Company Secretary (Managing Partner, HeloryMore Solicitors)


What to Expect from Proshare

As the year 2020 runs to a slow and circumspect close, and 2021 is ushered in with cautious uneasiness, optimism and defiant resilience; Proshare will through its well-established research function publish the following reports: 


1.     The Third Edition of the Personal Finance Series on Insurance;

2.     The Annual Nigerian Capital Market Report; and

3.     Proshare Confidential Report on the megatrends that will shape 2021 as the year 2020 blinks to an end


Also, in 2021, Proshare will launch its Revamped Platform which would be AI and ML enabled with various features that would improve the optimization, usability and efficiency of its site, with interactive data analytics, content personalization and recommendation tools as well as an accelerated mode of processing text, visual and audio content. 

Proshare Nigeria Pvt. Ltd.


The Management Team's Profile



Managing Director

Grace joined the company seven (7) years ago as a business & market analyst with an eye for strategic execution and development with a  passion for business growth, data analysis, and new markets.


She is a data science enthusiast with over eight years' experience in business and market analysis, project management, digital marketing and product development; having obtained her first degree in Actuarial Science from the University of Lagos, Akoka, and currently holds a Post Graduate and Masters degree in Economics from the same University. She obtained numerous post-graduate certificates in areas related to strategy, risk management, change management and project management.


In furtherance of her executive development and organisation growth mandate; she embarked on a series of courses that saw her obtain professional certification as a Chartered Insurance Institute of Nigeria (CIIN) associate, become a member of the Institute of Directors (IoD) and a post graduate diploma in Economics from the University of Lagos, to mention a few.


Prior to joining Proshare in 2013, she had worked with Index Investment Advisors Limited as a research analyst and contributed to the development of numerous industry reports and financial market training materials.


Grace has since then, and subsequent to her role in Proshare attended professional trainings covering Business Management, Financial Analysis, Advance Excel Operations, Project Management, Database Management using SQL and Business Analysis using Power BI.


She is currently a member of the Institute of Directors (IoD) and has been responsible for the execution of all the strategic objectives of the company since 2018, while overseeing the business operations and service delivery functions of the firm from that time to now, including the project digital engagement that would transit  the company to a DL/ML enabled environment which she would superintend over.



Reshu BAGGAExecutive Director / Chief Technology Officer


Reshu BAGGA is the founding Chief Operating Officer of the company who designed, developed and deployed the operating model for all Proshare engagements. She is often referred to as the "engine" of the service having control over both the technology and practice models of the firm (where she instituted the governance code on all engagements that broke walls in execution and challenged the ethos of the firm on its objectivity mandate).


Reshu was the difference in what stood us out; committed and equally confident on the very principles on objectivity, fairness and equitable discharge of subject, mandate and governance. She embodied what Proshare was and trained, wedded off, and  established what it was to be a Proshare analyst.


Reshu was able to do this based on her high-level credible application to task and role; which translated to her development goals for the capital market and economy.


This was made possible, in part, due to her personal attributes and because she is a skilled Computer Engineer with a Masters Degree in Business administration (Finance and Information Technology) from Amity Business School, Delhi, India. She has since gone on to acquire both academic and professional experience in the management of a change driven entity.


Upon leaving Nigeria to India, after seven (7) years of dedicated service, she continued to serve as the Chief Operating Officer (COO); taking on strategic roles in the design and implementation of research & development outcomes for a Pan-African institution using technology as the basis for innovation to ensure that services, applications, information and analytics are meshed to ensure Nigeria (Africa) is a dominant player in wealth creation, investment migration management and technology adoption as a service.


Reshu, as the Chief Technology Officer (CTO) now has the overall responsibility for the Information Technology and Business Service Excellence functions that deliver on both the execution of a dedicated Proshare enterprise model for internal efficiency as well as a new, rebranded website for the different market we envisage.


In the last ten years of consistent coverage of and establishment of the application that supports the service delivery in the Nigerian Market, she has sustained an uncommon focus on stock research, fundamental and technical analysis, financial and feasibility reporting; investor relations and share support services - all geared to delivering a quality business solution, much more important than the technology used to achieve it. She provides direction and support in the areas of technology-based reviews and overall operational efficiency and integrity-based interventions 


Saheed KIARIBEExecutive Director, Research Services


Saheed is a financial market enthusiast who joined Proshare over ten years ago to sort out and develop the data, research and financial analysis function. He came in with a B.Sc degree in Political Science from Olabisi Onabanjo University Ago-Iwoye (2005) and was part of our experiment to bring in outsiders to change the collation, processing and presentation of data related to the markets.


He has since, while delivering on this difficult assignment that required a bridge between tradition and the digital world, obtained an MBA in Marketing Management from Ladoke Akintola University of Technology, Ogbomosho. He is today, an associate member of the Institute of Capital Market Registrars (2010) and a keen student in other knowledge empowering institutes where he is pursuing formal qualifications.


Saheed is a devoted professional whose only interest in is the provision of credible data for decision making, having learnt the value of data from his starting role with Intercontinental Registrars Ltd in May 2007 where he worked in the verification unit. The firm, recognising his application and self motivation, caused for him to be transferred to the Stock Broking Unit of the firm; from where he joined Proshare Nigeria Ltd in March 2010; after almost three years of service at the Registrars Unit.


Since his engagement, he has attended multiple professional training, workshop and conferences on financial analysis, data analytics, artificial intelligence, and advanced research operations which has come in handy is delivering on the national assignment of managing the production of and dissemination of critical national economic and market intelligence including those of the Nigerian Bureau of Statistics (NBS) Report; Corporate Data and data for the entire Nigerian Capital Market. 


Teslim SHITTA-BEY, Executive Director / Managing Editor / Chief Economist;


Teslim Shitta-Bey is a stock market/investment analyst, commercial and investment banker and financial journalist with a B.Sc degree in Economics and Statistics who has obtained numerous post-graduate certification in relevant business areas including Financial Journalism, Market Analysis and Editorial Management. He is the inaugural head of the firm's content team and facilitator of the knowledge engagements.


Prior to joining Proshare in 2018, he has, in the last three decades, accumulated a rich and varied experience as a stock market/investment analyst, served as a commercial and investment banker in a financial institution and served a tour of duty as a financial journalist with a leading business newspaper.


He has over two decades of experience in investment banking having started his Investment Banking career twenty-four (24) years ago at Capital Bancorp Limited, where for several years he headed the Investment Bank's Corporate Finance and Research Group (where he was institutional lead in the First Lagos State Government N50 billion Revenue Bond and the equity flotation of defunct African Petroleum Plc under a Federal Government privatization programme). As part of his responsibilities at Capital Bancorp Limited, he also took direct charge of Capital Market research, mergers and Acquisition (M&A) mandates, debt origination assignments and government privatization programmes.


In 1999/2000 Teslim left Capital Bancorp after five years to become the head of the Corporate Finance Group of City Express Bank Plc where he was responsible for Fixed Income debt origination (including that of the Ekiti State Government N4billion Revenue Bond) and other sundry equity and debt origination mandates. He was also responsible for Project Finance and Project Management in the financial institution, which placed him in a privileged position to oversee and complete a wide variety of financing mandates including leasing to the transport sector.


In 2005, Teslim joined Capital Express Securities Limited as Chief Operating Officer, and continued a variety of capital market mandates including the Private Placement and eventual listing of MTS First Wireless, after which he decided, in 2008, to put his full-time effort in managing a private financial consultancy partnership, Grant Alsthom Consulting Limited.


Teslim is an avid financial modeler and is a regular collaborator with the global financial modelling community. Between 2013 and 2018 he was Managing Director of Hallmark Newspapers, publishers of the weekly tabloid, Business Hallmark Newspaper; from whence he joined Proshare as the head of content and knowledge validation. 


Ottoabasi Edet ABASIEKONGEditor, WebTV Limited


Ottoabasi is a financial journalist with a flair for socio-economic based programmes who has worked with Proshare for over seven years. He obtained his university education from the University of Uyo where he was awarded a BSc in Political Science. He has attended several journalism, digital media, client relationship and leadership courses in the country and is a certified customer experience officer. He is currently a member of the Presidential Economic Media Working Group and anchors the Economy & Politics and Market Review Programmes. 



Proshare Nigeria Pvt. Ltd.


About Proshare Nigeria 

Proshare Nigeria Limited, founded 0n December 20, 2006, is a niche financial information service hub with a key focus on delivering market intelligence, data, analysis/analytics, research and news on markets, business, technology, regulation, MSME, personal finance and economic development.


Proshare's remit is simple: to serve as a critical bridge between investors and markets in a credible, reliable and timely manner through an institutionalised network of researchers, analysts, contributors, and content owners; working together to serve as a standard bearer for governance practices, fact based intervention, local investment data and market informatics.


We are organised as a professional practice to provide accountability in our role of opening up the market place by complementing regulators, SRO's and CMO's to shape conversations with investors/consumers, advocate on key change imperatives, hold the system accountable in a collaborative manner and raise the bar through the platforms we have established to conduct our engagements in a win-win scenario.


Our goal is to facilitate the information needs of a vibrant, productive and growing African economy focussed on empowering the productive units to excel; and enable individuals to make the best decisions to build sustainable wealth.

Proshare Nigeria Pvt. Ltd.


Related News on Proshare

1.          Proshare's New Year Message - Change, Technology, and The New Corporate Calling - January 01, 2021

2.         Proshare Donates to CACOVID, Launches CoronaWATCH to track the COVID-19 Effect on Markets April 03, 2020

3.          VIDEO: COVID-19: Business Continues With Remote Work Operations At Proshare Nigeria March 31, 2020

4.         COVID-19: Our Compliance with Lockdown and Measures Put in Place To Serve You March 23, 2020

5.          PEBEC 3.0 Awards: Proshare, CBI, FIRS, NAFDAC Others Receive Recognition March 12, 2020

6.         Proshare, Deloitte, Others Listed As Value Added Service Providers For the NSE Growth Board January 29, 2020

7.          Proshare Subscribes To Business Action Against Corruption; Appoints Chief Compliance Officer January 16, 2020

8.         On This 13th Year of Proshare's Founding - A Message from The Founder December 20, 2019

9.         Proshare's Olufemi Awoyemi Receives 2019 Institute of Service Excellence Award September 14, 2019

10.      Proshare Receives Special Recognition at the Launch of Nigeria's Fintech Roadmap 2019 October 30, 2019

11.       CBi Partners Proshare On The Business Action Against Corruption (BAAC) Nigeria Project September 14, 2019

12.       NESG Visits Proshare, Solicits Strategic Media Collaboration Ahead of NES25 August 20, 2019

13.       Proshare Creates "Dangote Index" and "Elumelu Index"; Monitors Large Cap Equity Value Movements April 22, 2019

14.       Proshare and AFEX Form Strategic Partnership to Boost the Nigerian Commodities Market February 01, 2019

15.       Proshare's 2018 Review and 2019 Outlook Page Now Live January 21, 2019

16.       Proshare Identified In London Stock Exchange Group's 'Companies To Inspire Africa 2019' Report January 16, 2019

17.       Proshare Receives Special Recognition At The Inaugural FMDQ Gold Awards Nov 12, 2018

18.      Announcing The Launch of The Newly Redesigned Proshare Markets; Replaces #TheAnalyst August 14, 2018

19.       The Newly Redesigned Proshare Market: 8 Things to Note August 14, 2018

20.     Awoyemi, Proshare receive Awards at the 2nd National Fintech Conference 2018 Jan 29, 2018

21.       Proshare's 2017 Review and 2018 Outlook Page now Live  Dec 22, 2017

22.      Proshare Board holds Meeting in Lagos to Restructure Operations Dec 21, 2017

23.      Proshare Nigeria Launches IOS Version of Mobile App  Mar 20, 2017

24.      Proshare Nigeria Launches Mobile App  Feb 3, 2017

25.      FMDQ collaborates with Proshare, Launches Fixed Income & FX Price Ticker Tape on Proshare Website  Nov 2, 2016

26.      Proshare Improves On Market Coverage - Adds NASD Page and APO News Feed  Oct 12, 2016

27.      Proshare 11.0 - Migrating Economy & Politics Website to Proshare  Sept 20, 2016

28.     Proshare migrates its Economy & Politics website to Proshare Economy on the new Hub  Sep 30, 2016

29.      NASD Plc Signs MoU with Proshare Nigeria Limited Aug 02, 2016

30.     Proshare 10.0 launch - A More Robust Information Hub; Consolidates Subsidiaries Feb 29, 2016

31.       Proshare 10.0 and the Future of Investing & Finance in Nigeria Feb 25, 2016

32.      Proshare WebTV bags 2015 Pearl Media Award for Quality Capital Market Reporting  Nov 12, 2015

33.      Proshare wins 2015 IFM Award as the "Most Innovative Capital Market Service Team, Nigeria" Apr 27, 2015



Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.
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