NEM Insurance Plc

NGSE:NEM Stock Report

Market Cap: ₦65.7b

NEM Insurance Management

Management criteria checks 0/4

NEM Insurance's CEO is Andrew Ikekhua, appointed in Nov 2023, has a tenure of 1.17 years. directly owns 0.027% of the company’s shares, worth NGN17.85M. The average tenure of the management team and the board of directors is 1.2 years and 1 years respectively.

Key information

Andrew Ikekhua

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.2yrs
CEO ownership0.03%
Management average tenure1.2yrs
Board average tenureless than a year

Recent management updates

Recent updates

CEO

Andrew Ikekhua

1.2yrs

Tenure

Mr. Andrew M. Ikekhua, HND, PGD (MGT), PGD (COMM. ADMIN) MBA, MNIM (CHARTERED), FCE, ACIIN, serves as Managing Director and Chief Executive Officer at NEM Insurance Company Nigeria Plc since November 2023...

Leadership Team

NamePositionTenureCompensationOwnership
Andrew Ikekhua
MD, CEO & Director1.2yrsno data0.027%
NGN 17.9m
Idowu Semowo
CFO and Executive Director of Finance & Investment11yrsno data0.30%
NGN 200.0m
Adeyemi Mayadenu
Executive Director of Technical & Executive Directorless than a yearno datano data
Ifunanya Iwuagwu
Company Secretary & Legal Adviserless than a yearno datano data
George Emefiele
General Manager of Marketing & Business Developmentno datano datano data
Olayinka Ojikutu
Group Head of Human Resources4yrsno datano data
Bolanle Baruwa
Deputy General Manager of Underwritingno datano datano data

1.2yrs

Average Tenure

Experienced Management: NEM's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Andrew Ikekhua
MD, CEO & Directorno datano data0.027%
NGN 17.9m
Adeyemi Mayadenu
Executive Director of Technical & Executive Directorless than a yearno datano data
Papa Ndiaye
Non-Executive Director6yrsno datano data
Anthony Aletor
Directorless than a yearno datano data
Susan Giwa-Osagie
Directorless than a yearno data0.28%
NGN 183.2m
Tope Smart
Chairman of the Boardno datano data2.4%
NGN 1.6b
Kelechi Okoro
Non-Executive Director6yrsno datano data
Ahmed Yakasai
Independent Non-Executive Director8.7yrsno datano data
Daphne Dafinone
Directorless than a yearno datano data

1.0yrs

Average Tenure

Experienced Board: NEM's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 06:38
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NEM Insurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution