Press Release

As part of efforts at beefing-up its workforce to achieve its transformational agenda, The Nigerian Stock Exchange (NSE) has appointed Ms.Tinuade Awe as General Manager (GM) legal and Regulatory Division (LARD) effective August1, 2012. Awe who was the Acting Head, Legal Department and Acting Secretary to the Council, will have oversight of The Broker Dealer Regulation, Surveillance, Listing Regulation, Council Secretariat and legal departments respectively.

Awe joined The Exchange in August 2010 as a Special Adviser to the Interim Administrator and was retained as Acting Head of the Legal Department and Acting Secretary to the Councilafter the interim administration.

She has a wealth of experience and a solid track record with the United Nations International Criminal Tribunal for the former Yugoslavia, in The Hague, the Netherlands; the United Nations Compensation Commission in Geneva, Switzerland; and top tier law firms in Nigeria and New York. She has been involved in major regulatory initiatives, including most recently as Project Director of the CBN-SEC Joint Task Force on the Intervened Banks from April to August 2010.

Awe comes to the Exchange with significant experience gained on three continents and we look forward to benefiting from her as we reposition our legal and regulatory program”, said Oscar Onyema, CEO of The Nigerian Stock Exchange.

She has over eighteen (18) years of professional experience and is a member of both the Nigerian and New York Bars. She was an attorney for seven (7) years, with the New York office of Simpson Thacher& Bartlett, a leading law firm with global presence. At Simpson Thacher, her clients included global financial institutions and capital markets players. She also represented regulated entities in their dealings with their regulators, including the Office of the Comptroller of Currency and the Securities and Exchange Commission in the United States. She holds LL.M Degrees from Harvard Law School and The London School of Economics and Political Science, as well as an LL.B Degree from Obafemi Awolowo University, Ile-Ife, Nigeria.

“I am much honoured to be joining the transformation team at The Exchange.  I look forward to working with the team to make The Exchange a more effective capital market regulator in accordance with international best practice.  We intend to build on on-going initiatives to strengthen our regulatory regime in a manner that is protective of investors as well as fair and transparent for our stakeholders”, said Ms. Awe.

About The Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) was established in 1960 and today, services the second largest financial centre in sub-Saharan Africa. The NSE is licensed under the Investments and Securities Act (ISA) and is regulated by the Securities

and Exchange Commission (SEC). The Exchange is a full member and executive committee member of the African Securities Exchanges Association (ASEA) and an affiliate member of the World Federation of Exchanges (WFE).

The Nigerian Stock Exchange is an automated exchange and provides listing and trading services, as well as electronic Clearing, Settlement and Delivery (CSD) services through Central Securities Clearing System (CSCS) Ltd., an associate company to The NSE, which also offers custodian services. Along with securities listing and trading services, The Exchange offers market data dissemination services, market indices and much more.

The NSE continues to evolve to meet the needs of its valued customers, and to achieve the highest level of competitiveness. With about 200 companies and 258 Securities listed, The Exchange operates fair, orderly and transparent markets that bring together the best of African enterprises and the local and global investor communities. The Nigerian Stock Exchange is poised to champion the acceleration of Africa’s economic development and to become “the Gateway to African Markets”