NGX Group appoints new GMD as Oscar Onyema bows out


 The Nigerian Exchange Group has announced the appointment of Temi Popoola as the Group Managing Director/Chief Executive Officer-designate of the group ahead of the retirement of the current GMD, Oscar Onyema, next year.


According to a statement signed by the Group Company Secretary, Obehi Ikhaghe, on Friday, the appointment takes effect on January 1, 2024.


Also, the Executive Director, Capital Market of the exchange, Jude Chiemeka, has been appointed Acting CEO of Nigerian Exchange Limited


The statement partly read, “Further to the receipt of the Securities and Exchange Commission’s No-Objection to the announcement of the appointment, Nigerian Exchange Group Plc is pleased to announce the appointment of Mr. Temi Popoola as GMD/CEO designate effective 1 January 2024 subject to SEC’s formal approval of the appointment.


“Mr. Jude Chiemeka has also been appointed as the Acting Chief Executive Officer of Nigerian Exchange Limited effective 1 January 2024.”


It was revealed that Onyema, will complete his tenure on March 31, 2024, and ahead of this, he will embark on his terminal leave on January 1, 2024.


Commenting on the appointments, the Chairman of NGX Group, Umaru Kwairanga, said “I’m delighted to announce these pivotal changes in the leadership of NGX Group which is a testament to effective succession planning. I would like to express my profound gratitude to Mr. Onyema for his stellar leadership first as the CEO of The Nigerian Stock Exchange from 2011 – 2021 and thereafter as the GMD/CEO of NGX Group Plc from 2021 -2024.


Mr. Onyema led the stabilisation, growth, demutualisation and restructuring of The Nigerian Stock Exchange to NGX Group Plc, a public company limited by shares, which is a significant milestone in the organisation’s history. He also led the listing of the Company on the main board of NGX.


“I have no doubt in Mr. Popoola’s capability to successfully continue the legacy Mr. Onyema has created, and take NGX Group to greater heights. I also firmly believe in Mr. Chiemeka’s ability to seamlessly assume leadership at NGX from Mr. Popoola, building upon his impressive achievements

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