NSE President Emerges Today


The 2014 annual
council meeting of the Nigerian Stock Exchange (NSE) holding  today would produce a new elected president/chairman of NSE council.
The elected president is expected to take over from Alhaji Aliko Dangote who was elected the 17th president of the NSE council in August 2009.
Feelers revealed that there are strong indication that the former group  managing directors of Access Back Plc, Mr. Aigboje Aig-Imoukhuede my be stepping into  the shoes of Alhaji Dangote, being currently the first vice president of the council of the NSE.
Market operators here, however, commended Dangote’s leadership for successfully returning the exchange to a path of bountiful growth and restoring investors’ confidence in the market.
In a statement by the market operators, made available to The Tide the leadership of Dangote has improved disclosure and governance  levels in the market, as well as the introduction of market making, retail bond trading, in addition to increase  in investors’  education.
The council of NSE is made up of 14 members, consisting of the President, the Chief Executive Officer, Mr. Oscar Onyema and other members.
Membership of the council also includes representatives of dealing member’s firms who are highly  qualified in their respective professions.