Temi Popoola to take over from Oscar Onyema as NGX Group CEO

NGX Group CEO Temi Popoola

The Nigerian Exchange Group has appointed Temi Popoola as the soon-to-be group managing director/chief executive officer ahead of the retirement of Oscar Onyema.

The group company secretary Obehi Ikhaghe on Friday said in a statement that Mr Popoola would assume office on January 1, 2024.

Ikhaghe also said the executive director of NGX capital market 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.

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“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, chairman of NGX Group Umaru Kwairanga said, “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 and fostering continued growth in the capital market.”

Onyema said, “As I step into a new phase, I am committed to ensuring a smooth transition and look forward to witnessing the continued growth and prosperity of NGX Group under Mr. Popoola’s leadership. The future is indeed promising.”

On his part, Popoola said, “I step into this new role at NGX Group Plc with a deep sense of responsibility and enthusiasm. I extend my appreciation to Mr. Onyema, for his exceptional leadership during his tenure and to the board of directors for the confidence reposed in me.”