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Nigerian Exchange Welcomes Ahonsi Unuigbe as Its New Chairman

Nigerian Exchange Limited (NGX) Names Ahonsi Unuigbe as New Chairman

Lagos, Nigeria – Nigerian Exchange Limited (NGX) has announced the appointment of Mr. Ahonsi Unuigbe as its new Board Chairman, effective from September 27, 2023. This decision follows the retirement of Mr. Abubakar Mahmoud. Additionally, shareholders of NGX have approved several key appointments, including Mr. Jude Chiemeka as Executive Director and five Non-Executive Directors: Mrs. Lilian Olubi, Mr. Azubuike Okpalaoka, Dr. Hamza Sule Wuro Bokki, Mr. Sehinde Adenagbe, and Mrs. Foluke Oyeleye. Concurrently, several NGX Directors, including Erelu Angela Adebayo, Mr. Kamarudeen Oladosu, Mr. Yomi Adeyemi, and Mr. Seyi Osunkeye, have retired from the Board.

In a parallel development, NGX Regulation Limited (NGX RegCo) has appointed Dr. Salamatu Suleiman as its new Board Chairman, effective from September 30, 2023, succeeding Mrs. Catherine Echeozo, who has retired. Furthermore, Ms. Ngozichukwuka Edozien has been appointed as the new Board Chairman of NGX Real Estate (NGX RelCo), effective from October 7, 2023, succeeding Erelu Angela Adebayo.

Commenting on these appointments, Alhaji (Dr) Umaru Kwairanga, Group Chairman of NGX Group, expressed his enthusiasm, saying, “I am delighted to announce these pivotal changes in the leadership of our subsidiaries, NGX, NGX RegCo, and NGX RelCo.” He emphasized the meticulous planning behind these transitions and expressed complete confidence in the new leaders’ ability to uphold the tradition of excellence and drive their organizations to greater heights.

Mr. Unuigbe, Dr. Suleiman, and Ms. Edozien bring a wealth of experience and deep industry understanding to their roles, and Dr. Kwairanga expects their contributions to be instrumental in realizing NGX Group’s ambitious growth strategy. He extended heartfelt gratitude to the retiring board members for their exceptional service and contributions to the group’s development.

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Mr. Unuigbe, the newly appointed Chairman of NGX, shared his thoughts, saying, “I am pleasantly honored by this appointment and fully understand the enormous responsibility that this new role places on my shoulders.” He expressed his commitment to building and strengthening the market, economy, and nation, particularly in challenging economic times. Mr. Unuigbe also praised his predecessor, Mr. Mahmoud, for his exemplary leadership and pledged to continue driving growth, innovation, and democratization of investment in the capital market.

These appointments mark a significant chapter in NGX’s evolution and reflect the organization’s commitment to its continued growth and development.