By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) has elected members of its National Council at the 56th Annual General Meeting (AGM).
The meeting was held of on Monday, September 25, 2017, at the NSE Event Centre, Lagos.
During the AGM, the Financial Statements of the NSE as at December 31, 2016 and the reports of National Council and Auditors were presented to the members as part of the Ordinary Business of the day.
It was gathered that members of the NSE re-elected Mr Abimbola Ogunbanjo, who retired by rotation, as a member of the National Council.
The members also elected Mrs Catherine Nwakaego Echeozo; Erelu Angela Adebayo; Chartwell Securities Limited (Represented by Mr Oluwole Adeosun); Equity Capital Solutions Limited (Represented by Mr Kamarudeen Oladosu); and Fortress Capital Limited (Represented by Mr Yomi Adeyemi).
Others elected as members of the National Council were 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) and Katsina State Investment & Property Development Co. Limited (Represented by Mrs Fatimah Bintah Bello–Ismail).
Speaking at the AGM, President of the National Council of the NSE, Mr Aigboje Aig-Imoukhuede, commended the council and management of the NSE for their cost containment efforts and their diligent approach to budgeting which saw total expenses decline by 12 percent year-on-year without affecting its high operating standards and service quality.
Also speaking, Chief Executive Officer of the NSE, Mr Oscar N. Onyema, said 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”, Mr Onyema added.
