In a significant development, the Nigerian Exchange Group (NGX) has announced the appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of Nigerian Exchange Limited, effective July 1, 2024.

Chiemeka has been serving as the acting CEO since January 1, 2024, and his appointment has received the necessary approval from the Securities and Exchange Commission.

With nearly three decades of experience in African securities trading and asset management, Chiemeka is well-equipped to lead NGX Limited. His extensive career has seen him hold leadership positions such as Executive Director of Capital Markets at NGX and Managing Director/CEO at United Capital Securities Limited. He has also contributed to the industry through roles at investment banking firms in Nigeria, including Chapel Hill Denham Securities and Rencap Securities (Nigeria).

Chiemeka 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. His appointment has been widely welcomed, with Umaru Kwairanga, Chairman of NGX Group, expressing confidence that Chiemeka's leadership will foster economic growth in Nigeria and across Africa.

Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited, echoed this sentiment, stating that Chiemeka will drive growth, innovation, and unlock opportunities for investors in the capital market. Temi Popoola, Group Managing Director and CEO of NGX Group, also praised Chiemeka's extensive experience and deep understanding of the markets, which will be crucial in driving NGX's growth and aligning with the broader group strategy.

Chiemeka has pledged to collaborate closely with NGX's team and the wider capital market community to create a more dynamic and inclusive exchange that enhances Nigeria's economic growth and global competitiveness. His appointment is expected to bring significant value to stakeholders across the organization and drive the growth of the NGX ecosystem.