Nigerian Exchange Group Welcomes Obehi Ikhaghe as Company Secretary

The Nigerian Exchange Group Plc has recently made a significant announcement, revealing the appointment of Ms. Obehi Ikhaghe as its new Company Secretary, a role that officially commenced on the 13th of April 2023. The statement, proudly signed by the esteemed CEO, Oscar N. ONYEMA, OON, was dutifully filed with the Nigerian Exchange Limited (NGX), solidifying Ms. Ikhaghe's position within the organization.

The decision to appoint Ms. Ikhaghe as the Company Secretary was further validated on the 14th of July 2023, when the Board of Nigerian Exchange Group Plc officially approved her for the esteemed position. This marks a momentous milestone in the company's journey, as it welcomes an accomplished and seasoned professional to assume this critical role.

About Obehi Ikhaghe

Delving into Ms. Obehi Ikhaghe's background, she brings to the table a wealth of experience and expertise in the realms of Company Secretarial work, Corporate Governance, Corporate Law, Compliance, and General Legal Practice. Before joining Nigerian Exchange Group Plc, she had an illustrious tenure as a Legal Counsel and Company Secretary for the Ready Mix and Aggregates Division at Lafarge Africa Plc. Her educational credentials are equally impressive, holding both a Bachelor of Laws (LL.B.) and a Master of Laws (LL.M.) from the esteemed University of Lagos, which undeniably enhances her capabilities in this position.

Exploring Nigerian Exchange Group Plc

As the company embarks on its journey with Ms. Ikhaghe as the Company Secretary, it is essential to recognize Nigerian Exchange Group Plc as a leading integrated market infrastructure in Africa. The company provides a comprehensive range of services, including listing and trading securities, licensing, market data solutions, technology, regulation, and real estate through its subsidiaries – NGX Exchange, NGX REGCO, and NGX RELCO. Additionally, the Group has invested in financial infrastructure, boasting interests in NG Clearing Limited, Central Securities and Clearing Systems (CSCS), OTC platforms, and three fintech companies.

In terms of financial performance, the Group's unaudited results for the period ending 31st March 2023 present a mixed picture. While gross earnings declined by 14.2% year-on-year (YoY), from N1.8 billion in Q1 2022 to N1.6 billion, there was an encouraging development in profit before income tax expense, which increased by 21.5% YoY to N412.2 million in Q1 2023. This positive trajectory can be attributed to improved profit from equity accounted investees and reduced finance costs.

With Ms. Obehi Ikhaghe now at the helm as the Company Secretary, Nigerian Exchange Group Plc is poised to capitalize on her expertise and guidance. As she takes on this crucial role, she becomes an integral part of the company's journey towards further growth and success. Her extensive experience and knowledge will undoubtedly contribute to the overall advancement and prosperity of Nigerian Exchange Group Plc as it continues to be a driving force in Africa's market infrastructure landscape.