NGX Group Plc Confirms Obehi Ikhaghe as New Company Secretary

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In a recent announcement, Nigerian Exchange Group Plc has officially confirmed the appointment of Ms. Obehi Ikhaghe as the new Company Secretary, effective from 13 April 2023. The news was communicated through a statement signed by CEO Oscar N. ONYEMA, OON and filed with the Nigerian Exchange Limited (NGX).

The appointment was approved during a meeting of the Nigerian Exchange Group Plc's Board on 14 July 2023. Prior to this appointment, Ms. Ikhaghe had been serving as the acting Company Secretary since January 2023, stepping in after the former Company Secretary, Mrs. Mojisola Adeola, exited the role.

Ms. Ikhaghe is a highly experienced lawyer with more than 14 years of professional expertise in areas such as Company Secretarial, Corporate Governance, Corporate Law, Compliance, and General Legal Practice. Before joining Nigerian Exchange Group Plc, she had held significant roles at Lafarge Africa Plc, serving as Legal Counsel and Company Secretary for its Ready Mix and Aggregates Division.

Her academic background includes a Bachelor of Laws (LL.B.) from the University of Lagos and a Master of Laws (LL.M.) from the same institution, further enhancing her qualifications for the position.

Nigerian Exchange Group Plc, also known as NGX Group, is a prominent integrated market infrastructure company in Africa. It offers a comprehensive range of services, including securities listing and trading, licensing, market data solutions, ancillary technology, regulation, real estate, and more. NGX Group operates through its wholly-owned subsidiaries – NGX Exchange, NGX REGCO, and NGX RELCO.

Furthermore, the company has invested in the financial infrastructure sector, with holdings in NG Clearing Limited, Central Securities and Clearing Systems (CSCS), OTC platforms, and three fintech companies.

In its unaudited results for the period ending 31 March 2023, the Group reported a 14.2% year-on-year (YoY) decline in gross earnings, recording N1.6 billion compared to N1.8 billion posted in Q1 2022. However, the profit before income tax expense saw a positive trend, increasing by 21.5% YoY to N412.2 million in Q1 2023 from N339.2 million during the corresponding period in 2022. This growth was attributed to an improved share of profit from equity accounted investees and a reduction in finance costs.