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NSE Elevates Tinuade Awe to Executive Director Regulation

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By Modupe Gbadeyanka

Ms Tinuade Awe has been promoted into the position of Executive Director in charge of Regulation at the Nigerian Stock Exchange (NSE).

Ms Awe’s elevation was announced on Monday in a statement issued by the stock market regulator and it takes effect from January 1, 2018.

Prior to her promotion, Ms Awe was the General Manager, heading the Legal and Regulation Division of the NSE, in which role she also served as General Counsel of the exchange. She served as Secretary to the Council of the NSE from January 2011 to October 2015.

Ms Awe became affiliated with the NSE in a consulting capacity in August 2010 and joined the employment of local bourse in August 2012.  She has been a member of the Executive Committee of the exchange since August 2012.

As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe will oversee Broker Dealer Regulation, Listings Regulation, Market Surveillance & Investigations, and Regulatory Technology. The Rules and Interpretation and Disciplinary Units of the NSE will also report directly to her.

Commenting on the appointment, President of National Council of the NSE, Mr Abimbola Ogunbanjo, stated that, “I am very proud that the National Council has recognized Tinuade for the exemplary role she has played in transforming the Legal and Regulatory landscape of the exchange and would like to warmly congratulate her on her elevation as Executive Director, Regulation.

“Tinuade’s passion, energy and commitment to driving and executing on the Exchange’s transformation agenda has no doubt been instrumental in revolutionizing the Exchange and I am confident that she will continue to exert her influence and leadership   attributes in her new role for the betterment of the market and its stakeholders.”

Also, chief executive of the NSE, Mr Oscar Onyema, said, “As we restructure and reposition the exchange for the fourth industrial revolution, Ms Awe’s well deserved promotion is indicative of the great career advancement opportunities that exist at the Nigerian Stock Exchange.

“I congratulate her and look forward to working with her in this new function to build a globally competitive Self-Regulatory Organization.”

Commenting on her appointment, Ms Awe said, “I am both deeply appreciative and humbled by this recognition for my modest contributions to the exchange.

“I look forward to continuing to provide quality service to the NSE and its ecosystem by engendering an improved compliance culture based on substantial engagement as well as deployment of appropriate enforcement mechanisms; fully embracing and further deploying technology to serve our regulatory purposes; furthering our regulatory remit through key relationships with other regulators; and providing proactive and in-depth surveillance of our market.”​​

Ms Awe is a consummate professional with varied professional experiences garnered across three continents.

She has an LL.B Degree from the Obafemi Awolowo University, graduating as the Best Female Student in the Faculty of Law. She finished at the Nigerian Law School with First Class Honours, graduating as Best Overall Student.

She also holds LL.M Degrees from Harvard Law School, where she was a Landon H. Gammon Fellow, as well as The London School of Economics and Political Science (LSE), where she graduated with Merit.

At the LSE, she was a British Council Scholar. She is admitted to both the Nigerian and New York Bars.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Blaaiz Appoints Oladunjoye Afolabi as Non-Executive Board Member

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Afolabi Oladunjoye Blaaiz board member

By Adedapo Adesanya

A cross-border payments company, Blaaiz, has announced the appointment of Mr Oladunjoye Afolabi, a distinguished executive and transformational business strategist, as a non-executive board member.

This monumental appointment signals a bold new chapter for Blaaiz as it cements its position as a dominant force in the global payments landscape.

Building on its recent expansions into Kenya and Uganda, alongside the acquisition of key licenses in the USA, Canada, and Nigeria, Blaaiz is now intensifying its push into other strategic markets including Ghana and the UAE, with Afolabi’s visionary leadership set to be a cornerstone of its expansion drive.

According to a statement shared with Business Post, in his role on the board, Mr Afolabi will focus on strategic finance, global expansion, and operational excellence.

He is expected to advise Blaaiz on optimising its cross-border payment infrastructure, enhancing risk management frameworks, and developing cutting-edge financial strategies to scale operations worldwide.

Mr Afolabi brings over 18 years of executive experience driving exponential revenue growth and operational excellence within multinational corporations across tech, telecom, consulting, manufacturing, and shipping industries.

He has held prominent leadership positions at one of the biggest global providers of digital communications infrastructure firms, serving across West Africa, East Africa, and Europe.

His most recent role was Chief Operating Officer & Board Member, where he spearheaded multiple innovative financial strategies.

His leadership optimised complex multinational operations and transformed companies’ financial architectures for sustainable growth. His expertise also extends to strategic financial oversight and regulatory compliance, which he honed through his experience at two of the big 4 accounting firms, Ernst & Young and KPMG.

With Mr Afolabi’s appointment, Blaaiz says it continues its relentless pursuit of providing seamless, secure, and innovative cross-border payment solutions. As the company expands its reach across Africa, North America, Europe, and beyond.

Speaking on this development, Mr Ifelade Ayodele, CEO and Co-Founder of Blaaiz, stated, “Afolabi is a true trailblazer and his appointment represents a watershed moment for Blaaiz. His proven track record of delivering exceptional financial outcomes across multiple continents and navigating complex regulatory requirements across key regions is exactly what we need as we pursue our ambition to become the leading provider of secure, borderless banking solutions in emerging markets.”

“Having Afolabi onboard is a key testament to our commitment to world-class governance and we are incredibly lucky to have him,” he added.

Adding his input, Mr Oladunjoye said, “I am honoured to join Blaaiz at this crucial stage of its growth. I’m impressed by their innovative approach to cross-border payments and I look forward to contributing my expertise to their regional expansion, empowering users to send money across the world with purpose.”

According to the statement, Blaaiz remains committed to empowering individuals and businesses to connect financially across borders, turning every transaction into a step towards a brighter, more inclusive financial future.

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Oloriegbe Chairs National Health Insurance Authority

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Ibrahim oloriegbe

By Modupe Gbadeyanka

A former Senator from Kwara State, Mr Ibrahim Oloriegbe, has been appointed as the chairman of the National Health Insurance Authority (NHIA).

The former federal lawmaker was chosen for the position by President Bola Tinubu, according to a statement on Sunday by the presidential spokesman, Mr Bayo Onanuga.

The appointee, who is a medical doctor, represented Kwara Central Senatorial District in the National Assembly between 2019 and 2023.

He will serve as the chairman of NHIA for an initial term of four years starting from Tuesday, March 11, 2025, and would be expected to use his experience to drive growth at the agency.

Mr Oloriegbe holds a Master’s in Coaching and Consultation from the University of Oxford, UK, and HEC, Paris, and a Bachelor’s of Medicine and Surgery from Ahmadu Bello University, Zaria, Kaduna State.

He is a member of the Nigerian Medical Association (NMA), Association of General and Private Medical Practitioners of Nigeria (AGPMPN), Nigeria Veneral Disease Association, Guild of Medical Directors of Nigeria, International Aids Society (IAS), and the Africa Health Leadership and Management Network.

The former Senator served as the Chairman of the Senate Committee on Health from 2019 to 2023 and the Chairman of the Joint National Assembly Committee on Health.

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Wole Ogunsanya, Three Others to Fill Vacancies in NCDMB Governing Council

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NCDMB Governing Council

By Adedapo Adesanya

President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), filling existing vacancies and strengthening the board’s capacity.

The approved nominees are Mr Olusegun Omosehin of the National Insurance Commission (NAICOM), Mr Wole Ogunsanya of the Petroleum Technology Association of Nigeria (PETAN), Mr Sam Azoka Onyechi, who represents the Nigerian Content Consultative Forum (NCCF), and Mr Owei Oyanbo from the Ministry of Petroleum Resources.

The nominations arose from the exit of previous institutional representatives from the Governing Council.

The NCDMB Governing Council, established under Section 69 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, comprises representatives from key institutions. These include the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian National Petroleum Company (NNPC) Limited, the Petroleum Technology Association of Nigeria (PETAN), the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Content Consultative Forum (NCCF), and the National Insurance Commission (NAICOM).

President Tinubu encouraged the new members to leverage their expertise and dedication to enhance local content development within Nigeria’s oil and gas industry.

The NCDMB is responsible for promoting and regulating local content in Nigeria’s oil and gas industry. It also ensures that there is capacity building and encourages investment and innovation in the industry.

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