Nigerian Exchange Group (NGX Group) Plc has appointed Mr. Jude Chiemeka as the CEO of its operating exchange subsidiary, Nigerian Exchange Limited, effective July 1, 2024.

This appointment was approved by the Securities and Exchange Commission (SEC).

Since January 1, 2024, Chiemeka has been serving as the acting CEO of NGX, following Mr. Temi Popoola’s transition to Group Managing Director and CEO of NGX Group.

“Chiemeka brings close to three decades of experience in African securities trading and asset management to his new role,” the Group stated. His previous roles include Executive Director of Capital Markets at NGX and MD/CEO at United Capital Securities Limited. Chiemeka has also held positions at leading investment banking firms such as Chapel Hill Denham Securities and Rencap Securities (Nigeria). He is a Fellow of the Chartered Institute of Stockbrokers and an alumnus of the University of Lagos, Lagos Business School, and the University of Oxford, UK.

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

Mr. Ahonsi Unuigbe, Chairman of Nigerian Exchange, added, “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, democratize investment in the capital market, and unlock opportunities for investors.”

Mr. Temi Popoola, GMD/CEO of NGX Group, noted, “Chiemeka’s 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 to create new opportunities for stakeholders across the entire NGX Group ecosystem.”

Chiemeka expressed his gratitude, saying, “I am honored to be appointed as CEO of NGX at this critical period of The Exchange’s history and my sincere appreciation goes to the Boards of NGX Group and NGX. As we aim to build on our achievements and maximize 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.”