In a strategic move, the Nigerian Exchange Group Plc has appointed Mr. Temi Popoola as its new GMD/CEO, effective January 1, 2024. Simultaneously, Mr. Jude Chiemeka has been designated as the Acting Chief Executive Officer of Nigerian Exchange Limited (NGX), commencing on the same date.
The current GMD/CEO of NGX Group, Mr. Oscar Onyema, is set to conclude his tenure on March 31, 2024, initiating his terminal leave from January 1, 2024. Mr. Temi Popoola, presently serving as the CEO of NGX and a member of NGX Group’s executive committee, will succeed Onyema.
Popoola, with an extensive background, commenced his career as a portfolio manager in London, specializing in African energy markets. He later served as a senior equity derivatives trader with Bank of America Securities in New York, contributing significantly to firm profitability by delivering derivative solutions to U.S. corporations and family offices.
Joining NGX in 2021 from Renaissance Capital (Rencap), where he held the position of Managing Director and CEO for West Africa, Popoola has played a pivotal role in overseeing and supporting the exchange’s continuous growth, profitability, and success through strategic market insight and leadership.
The Chairman of NGX Group Plc, Alhaji (Dr.) Umaru Kwairanga, expressed his satisfaction with these appointments, highlighting the effective succession planning demonstrated. Kwairanga expressed gratitude to Oscar Onyema for his outstanding leadership, guiding the organization through stabilization, growth, demutualization, and the transformation into NGX Group Plc.
Kwairanga stated, “I have no doubt in Popoola’s capability to successfully continue the legacy Onyema has created, and take NGX Group to greater heights.” He also expressed confidence in Jude Chiemeka’s ability to seamlessly assume leadership at NGX, building upon Popoola’s achievements and fostering continued growth in the capital market.
Oscar Onyema conveyed his best wishes to Mr. Popoola, expressing full confidence in his capabilities to lead NGX Group successfully. Onyema affirmed his commitment to ensuring a smooth transition and looked forward to witnessing the continued growth and prosperity of NGX Group under Mr. Popoola’s leadership. Popoola, in response, expressed a deep sense of responsibility and enthusiasm, pledging to build upon the foundation laid out and take NGX Group to greater heights.
