SEC approves Chiemeka’s appointment as NGX CEO

The Securities and Exchange Commission has approved the appointment of Jude Chiemeka as the Chief Executive Officer of the Nigerian Exchange Limited, effective July 1.

In a statement issued on Thursday, the NGX Group said Chiemeka brings close to three decades of experience in African securities trading and asset management to his new role.

Chiemeka has been serving as the acting CEO of NGX since January 1, 2024, succeeding Temi Popoola, who was appointed as the group managing director and CEO.

Commenting on the appointment, the NGX Group chairman,  Umaru Kwairanga, said, ‘‘This strategic appointment aligns perfectly with our succession plan and reinforces the synergy we continuously foster across our group operations. 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 the sustainable growth of both Nigeria’s and Africa’s economies”.

Similarly, the Chairman of Nigerian Exchange Limited, Mr Ahonsi Unuigbe, expressed delight at the appointment, saying, “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.”

The GMD/CEO of NGX Group noted his readiness to collaborate with the newly confirmed NGX boss.

“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,” Popoola said.

On his appointment, Chiemeka said, “I’m honoured 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 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.”

Until he was appointed CEO, Chiemeka served as Executive Director of Capital Markets at NGX and MD/CEO at United Capital Securities Limited. He also worked at leading investment banking firms in Nigeria, such as Chapel Hill Denham Securities and Rencap Securities (Nigeria).