NGX Group confirms appointment of Jude Chiemeka as CEO

Nigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Jude Chiemeka as the chief executive officer (CEO) of Nigerian Exchange Limited (NGX), its operating exchange subsidiary.

In a statement on July 4, the group said the appointment took effect from July 1 following the approval of the Securities and Exchange Commission (SEC).

According to the group, Chiemeka has been serving as the acting CEO of NGX since January 1, succeeding Temi Popoola, who transitioned to group managing director (GMD) and CEO of NGX Group.

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

Commenting on the appointment, Chiemeka reiterated his commitment to forging strong collaborations with NGX’s team to create a more dynamic and inclusive exchange that fuels Nigeria’s economic growth and competes globally.

“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,” Chiemeka said.

“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.”

Umaru Kwairanga, NGX Group’s chairman, said the appointment aligns perfectly with the group’s succession plan and reinforces the synergy continuously fostered across its operations.

“Mr. Chiemeka’s extensive experience and proven leadership qualities are invaluable assets that will propel NGX towards long-term success,” Kwairanga said.

“Under his leadership, I am confident that NGX will play an even more pivotal role in contributing to the sustainable growth for both Nigeria’s and Africa’s economies.”

Ahonsi Unuigbe, NGX’s chairman, said Chiemeka is expected to drive growth and innovation, enhance operational perspectives, democratise investment in the capital market, and unlock opportunities for investors.

On his part, Temi Popoola, GMD and CEO of NGX Group, said Chiemeka’s extensive experience and deep understanding of the markets will be crucial in driving NGX’s growth while aligning with broader group strategy.

“I am delighted to see Mr. Chiemeka step into the role of CEO of NGX. I look forward to working closely with him to unlock value and to create new opportunities for stakeholders across the entire NGX Group ecosystem,” Popoola said.

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, United Kingdom.

His career includes serving as executive director of capital markets at NGX and MD/CEO at United Capital Securities Limited.

Chiemeka also worked at leading investment banking firms in Nigeria such as Chapel Hill Denham Securities and Rencap Securities (Nigeria).