The appointments, which is in line with the demutualisation plan of the Exchange, are still subject to the approval of the Securities and Exchange Commission (SEC).
This was disclosed by a reliable source in the Exchange.
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”).