Nigerian Exchange Group (NGX) Appoints Temi Popoola as GMD/CEO-Designate

Sébastien Ory as EMEA VP Partners & Channels, AVEVA

Temi Popoola, a Chartered Financial Analyst and a Chartered Stockbroker, has been appointed as the Group Managing Director/Chief Executive Officer-designate, by the Nigerian Exchange Group (NGX), effective January 1, 2024.

This move leads the retirement of the current GMD, Oscar Onyema, slated for March 31, 2024.

The Chairman of NGX Group, Umaru Kwairanga, commended the effective succession planning, expressing gratitude to Onyema for his leadership. Onyema led the demutualization and restructuring of The Nigerian Stock Exchange to NGX Group Plc and orchestrated its listing on the main board of NGX.

In his comments, outgoing GMD/CEO Oscar Onyema commended the accomplishments achieved since 2011 and noted confidence in Popoola’s ability to continue the legacy and growth of NGX Group.

Temi Popoola, the current CEO of NGX, acknowledged the deep sense of responsibility that comes with the role and pledged to build on the foundation laid by Onyema.

The transition involves Jude Chiemeka, Executive Director of Capital Markets at NGX, stepping into the role of Acting CEO of Nigerian Exchange Limited from January 1, 2024.

Currently the CEO of NGX and a member of NGX Group Executive Committee, Popoola began his career as a portfolio manager in London, focusing on African energy markets. He later served as a senior equity derivatives trader with Bank of America Securities in New York, contributing to firm profitability by providing derivative solutions to U.S. corporations and family offices.

Prior to his current role, Temi Popoola served as the Managing Director and CEO for West Africa at Renaissance Capital (Rencap).

He holds a first-class degree in Chemical Engineering from the University of Lagos and a Master’s degree from the Massachusetts Institute of Technology. Additionally, he is a Chartered Financial Analyst and a Chartered Stockbroker.

Jude Chiemeka, the current Executive Director of Capital Markets at NGX, will assume the role of Acting CEO of Nigerian Exchange Limited from January 1, 2024. Chiemeka brings nearly 30 years of experience in Securities Trading and Asset Management across African markets to this role. Before joining NGX, he served as the MD/CEO of United Capital Securities, a subsidiary of United Capital Plc listed on NGX.