SEC approves Jude Chiemeka as CEO of NGX Limited

By Aduragbemi Omiyale

Mr. Jude Chiemeka has been appointed Chief Executive Officer of Nigerian Exchange (NGX) Limited following approval from the Securities and Exchange Commission (SEC).

Mr. Chiemeka has been Acting Chief Executive Officer of NGX Limited since 1 January 2024 but will assume full responsibility for the company from Monday 1 July 2024.

In taking up his new position, he will bring nearly thirty years of experience in securities trading and asset management in Africa.

During his career, he served as Executive Director of Capital Markets at NGX and Managing Director/CEO at United Capital Securities Limited.

He has also worked with leading Nigerian investment banking firms such as Chapel Hill Denham Securities and Rencap Securities (Nigeria).

Mr. Chiemeka is a member of the Chartered Institute of Stockbrokers and a graduate of the University of Lagos, Lagos Business School and the University of Oxford, UK.

Commenting on his appointment, Mr. Chiemeka said: “I am honored to be appointed as CEO of NGX at this critical time in the history of the exchange. My sincere thanks go 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 building strong partnerships with the exceptional NGX team and the broader capital markets community.

“We are committed to creating a more dynamic and inclusive exchange that will fuel Nigeria’s economic growth and enable it to compete globally.”

On his part, the Chairman of NGX Limited, Mr. Ahonsi Unuigbe, said: “The Board of NGX is pleased to confirm the appointment of Mr. Chiemeka as the Chief Executive Officer of the exchange.

“We hope and expect that it will be a driver of growth and innovation, improve our operational prospects, democratize capital market investments and open up opportunities for investors”

Mr Chiemeka’s predecessor, Mr Temi Popoola, who is currently Chief Executive Officer of NGX Group Plc, the parent company of NGX Limited, said: “I am delighted that Mr Chiemeka is taking up the position of Chief Executive Officer of NGX.

“His extensive experience and deep understanding of our markets will be key to driving growth for NGX, 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 NGX Group ecosystem.”

NGX Group CEO, Mr. Umaru Kwairanga, said: “This strategic appointment fits perfectly into our succession plan and reinforces the synergies we continually cultivate across our group operations.

“Mr. Chiemeka’s extensive experience and proven leadership qualities are invaluable assets that will lead NGX to long-term success.

“I am confident that under his leadership, NGX will play an even more important role in contributing to the sustainable economic growth of Nigeria and Africa.”

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