EconomyPeople & Money

NGX appoints Jude Chiemeka as Nigerian Exchange Limited CEO

The Nigerian Exchange Group Plc has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary, effective July 1, 2024.

The appointment follows approval from the Securities and Exchange Commission (SEC).

Chiemeka has been serving as the acting CEO of NGX since January 1, 2024, succeeding Temi Popoola, who transitioned to the role of Group Managing Director and Chief Executive Officer of NGX Group.

Chiemeka brings close to three decades of experience in African securities trading and asset management to his new role.

The CEO’s Profile

His career includes serving as Executive Director of Capital Markets at NGX and MD/CEO at United Capital Securities Limited. He has also worked at leading investment banking firms in Nigeria, such as Chapel Hill Denham Securities and Rencap Securities (Nigeria).

A Fellow of the Chartered Institute of Stockbrokers, Chiemeka is an alumnus of the University of Lagos, Lagos Business School, and the University of Oxford, UK.

Endorsements and Accolades

The Group Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, stated, “This strategic appointment aligns perfectly with our succession plan and reinforces the synergy we continuously foster across our group operations.

Also Read: Business file: Nigerian Exchange Group Plc celebrates Oscar Onyema on the completion of his tenure as GCEO of NGX Group.

“Mr Chiemeka’s extensive experience and proven leadership qualities are invaluable assets that will propel NGX towards long-term success. Under his leadership, I am confident that NGX will play an even more pivotal role in contributing to sustainable growth for both Nigeria’s and Africa’s economies.”

Commenting on the appointment, Mr Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited, said, “The Board of NGX is pleased to confirm Mr Chiemeka’s appointment as CEO of The Exchange. It is our hope and expectation that he will drive growth and innovation, enhance our operational perspectives, democratise investment in the capital market, and unlock opportunities for investors.”

Mr Temi Popoola, GMD/CEO of NGX Group, noted, “I am delighted to see Mr Chiemeka step into the role of CEO of NGX. His extensive experience and deep understanding of our markets will be crucial in driving NGX’s growth while aligning with our broader group strategy.

“I look forward to working closely with him to unlock value and create new opportunities for stakeholders across the entire NGX Group ecosystem.”

The CEO’s Remarks

Chiemeka remarked, “I am honoured to be appointed as CEO of NGX at this critical period of The Exchange’s history. My sincere appreciation goes to the Boards of NGX Group and NGX.

“As we aim to build on our achievements and maximise value for all stakeholders, I look forward to forging strong collaborations with NGX’s exceptional team and the broader capital market community. We are committed to creating a more dynamic and inclusive exchange that fuels Nigeria’s economic growth and competes on the global stage.”

Kayode Ogunwale

Kayode has covered the capital market since 2007 as a reporter and Capital Market Editor for major national dallies. He won the Capital Market reporter of the year award at the Nigeria Media Merit Award in 2011.

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