The Nigerian Exchange has appointed 2009 Tutu Fellow Ahonsi Unuigbe as it's new Board Chairman. The announcement came at the end of September, 2023.
Shareholders also announced a number of other changes, including a new Executive Director and five Non-Executive Directors during the transition.
The Nigerian Exchange is a stock exchange that was founded in 1961 in Lagos. In 2019, it had more than 161 listed companies; a premium board, a main board and an Alternative Securities Market board. In the Fixed Income market, the NSE had 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, and 53 memorandum listings.
Ahonsi said that he was honoured by the appointment and fully understands the enormous responsibility the new role puts on his shoulders. Chairing the Board at this specific time in the Exchange’s evolution is both an opportunity and call to service in building our market, economy and nation.
He is the Founder and Chief Executive Officer of Petralon Energy an upstream oil and gas company he founded in 2014. He also has interests that include Rio Luxco 1 S.à r.l., a Luxembourg incorporated holding company and Wellington Investments B.V.I, through which he manages principal equity investments. He also started The Ahonsi & Sophia Foundation, through which he engages in his philanthropic pursuits.
The announcement is at the NGX website.
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