In a recent development, the Nigerian Exchange Group (NGX) has initiated a staff downsizing process shortly after its annual general meeting (AGM) held in Lagos.<\/p>\n
Reports from various sources indicate that over 40 employees of NGX Group have been affected by the restructuring, being asked to vacate their positions.<\/p>\n
Among the affected personnel are regulatory officers, compliance managers, audit managers, members of the investment team, the chief finance officer, and the general counsel of NGX, among others.<\/p>\n
The overhaul was spearheaded by PricewaterhouseCoopers (PwC), a multinational professional services firm, which conducted a comprehensive staff audit and subsequently provided recommendations to Mr. Temi Popoola, the group managing director\/chief executive officer of Nigerian Exchange Group (NGX).<\/p>\n
According to insights from an ex-staffer, Mr. Popoola implemented the downsizing measures recommended by PwC following the AGM. On the same day, around 5 pm, a virtual meeting was convened with all staff members of the group. During this meeting, the Group Managing Director announced the decision to streamline operations, citing feedback from PwC, and revealed plans to eliminate redundant positions within the organization.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a recent development, the Nigerian Exchange Group (NGX) has initiated a staff downsizing process shortly after its annual general meeting (AGM) held in Lagos. Reports from various sources indicate that over 40 employees of NGX Group have been affected by the restructuring, being asked to vacate their positions. Among the affected personnel are regulatory […]<\/p>\n","protected":false},"author":13,"featured_media":30344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-30343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=30343"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30343\/revisions"}],"predecessor-version":[{"id":30350,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/30343\/revisions\/30350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/30344"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=30343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=30343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=30343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}