NSE completes demutualisation but the work has just begun

NSE completes demutualisation but the work has just begun

NSE completes demutualisation but the work has just begun     The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now completed its demutualisation process, management of the bourse revealed in statement on Wednesday. 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, namely: Nigerian Exchange Limited (NGX Limited), the…

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Demutualisation: NSE announces chief executives for emerging entities

Oscar Onyema completes tenure as CEO of Nigerian Stock Exchange

Demutualisation: NSE announces Chief executives for emerging entities The National Council of The Nigerian Stock Exchange (NSE) has announced three principal executives to head the three subsidiaries of demutualised Nigerian Stock Exchange (NSE) upon the completion of its ongoing demutualisation. The three non-operating Companies are the Exchange Group Plc, Nigerian Exchange Limited and NGX Regulation Limited. According to a statement from the exchange on Wednesday, Oscar Onyema has emerged the Group Chief Executive Officer of the Exchange Group Plc. While Temi Popoola emerged as the Chief Executive Officer of the…

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NSE nearing its end as demutualization gathers impetus

NSE completes demutualisation but the work has just begun

The process of demutualization of the Nigerian Stock Exchange (NSE) which started many years ago is moving to a logical conclusion following massive support it gained at the 59th Annual General Meeting (AGM) of the Lagos bourse. Members of the Exchange have voted overwhelmingly today at the AGM, which is expected to be its last as a mutual entity,  to support the listing of the Nigerian Exchange Group Plc (NGXG) on the Nigerian Exchange Limited (NGX) once the demutualization of the NSE is completed. Under the resolution passed by the AGM,…

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