NGX CEO elected president of African exchanges

Jude Chiemeka, CEO of Nigerian Exchange Limited, has been appointed President of the African Securities Exchanges Association (ASEA). His appointment takes effect on September 30, 2026, following the departure of Pierre Célestin Rwabukumba, CEO of Rwanda Stock Exchange. ASEA's move to appoint Chiemeka aims to enhance market integration and collaboration among African capital markets.

The association seeks to improve market liquidity, strengthen regional connectivity, accelerate technology adoption, and promote cross-border capital flows. Chiemeka, with over 30 years of experience in the capital markets, including securities trading, asset management, and investment banking, is well-qualified to lead ASEA. He expressed his privilege in taking on this role, recognizing the importance of market integration and technology-driven innovation for Africa's economic development.

Rwabukumba, in his farewell remarks, praised Chiemeka's extensive leadership experience in both the Nigerian market and WACMIC, stating that he is exceptionally qualified to guide ASEA into its next phase of growth. Under Chiemeka's leadership, ASEA will focus on deepening cross-border market integration through inter-exchange trading and cross-listing, as well as promoting digital innovation via financial technology and modern market infrastructure.

The association will also prioritize increasing capital mobility, strengthening links with global institutional investors, and promoting sustainable finance through standardized environmental, social, and governance frameworks and green bond listings. This appointment is expected to bolster Nigeria's role in integrating African capital markets and fostering a more interconnected investment environment across the continent.