Council members of the Nigerian Stock Exchange have elected Chartwell Securities Limited, represented by Mr. Oluwole Adeosun; Equity Capital Solutions Limited, represented by Mr. Kamarudeen Oladosu; Fortress Capital Limited, represented by Mr. Yomi Adeyemi; Pilot Securities Limited, represented by Mr. Seyi Osunkeye;
Planet Capital Limited, represented by Mr. Chidi Agbapu; Woodland Capital Markets Plc, represented by Mr. Patrick Ajayi,; Katsina State Investment & Property Development Co. Limited, represented by Mrs. Fatimah Bintah Bello–Ismail; Mrs. Catherine Nwakaego Echeozo and Erelu Angela Adebayo as members of the National Council.
Members of the Exchange also re-elected Mr. Abimbola Ogunbanjo who retired by rotation, as a member of the National Council.
These elections were conducted during The NSE’s 56th Annual General Meeting of its members on Monday, September 25, 2017, at the NSE Event Centre, Lagos.
The eight retiring Council Members are; Ex-Officio, Alhaji Aliko Dangote; Ordinary Member, Engineer Mohammed Daggash; Dealing Member FINMAL Financial Services Ltd, Dr. Umaru Kwairanga; Dealing Member Greenwich Trust Ltd, Kayode Falowo; Dealing Member ICMG securities Ltd, Micheal Osime; Dealing member Meristem Securities Ltd, Oluwole Abegunde; Dealing Member Sigma Securities Ltd, Dunama Balami; and finally, Dealing Member Signet Investment and Securities Ltd, Oladipo Aina.
These retiring council Members have served the Nigerian Stock Exchange for the past three years.
During the AGM, the Financial Statements of The Exchange as at 31 December 2016 and the reports of National Council and Auditors were presented to the members as part of the Ordinary Business of the day.
According to the Chief Executive Officer of NSE, Mr. Oscar N. Onyema, OON, the NSE demonstrated resilience through the economic and market downturn as investors reacted to prolonged Macro-economic uncertainty.
Onyema said “As at December 31 2016, the NSE’s total assets stood at N22.79billion, with approximately N9.73billion (43%) held in liquid assets and an accumulated fund of N19.31billion, to close the year with a sound liquidity position and strong balance sheet”.
The CEO added that “The Exchange has delivered strong and broad-based results which strengthen our foundation for long-term prosperity, and will drive growth in the near-term. We will continue to adapt to stakeholder needs in the evolving business climate, developing innovative and diverse products that perform well in different market conditions, while maintaining a regulatory framework that engenders confident investors”.
