NEM Insurance Plc

NGSE:NEM Stock Report

Market Cap: ₦70.2b

NEM Insurance Management

Management criteria checks 0/4

NEM Insurance's CEO is Andrew Ikekhua, appointed in Jul 2023, has a tenure of 1.75 years. directly owns 0.027% of the company’s shares, worth NGN19.08M. The average tenure of the management team and the board of directors is 1.8 years and 1.7 years respectively.

Key information

Andrew Ikekhua

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure1.8yrs
CEO ownership0.03%
Management average tenure1.8yrs
Board average tenure1.7yrs

Recent management updates

Recent updates

CEO

Andrew Ikekhua

1.8yrs

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 July 3, 2023 a...

Leadership Team

NamePositionTenureCompensationOwnership
Andrew Ikekhua
MD, CEO & Director1.8yrsno data0.027%
NGN 19.1m
Idowu Semowo
CFO, Executive Director of Finance & Investment and Director11.3yrsno data0.30%
NGN 213.8m
Adeyemi Mayadenu
Executive Director of Technical & Executive Directorless than a yearno datano data
Ifunanya Iwuagwu
Company Secretary & Legal Adviser1.3yrsno datano data
George Emefiele
General Manager of Marketing & Business Developmentno datano datano data
Olayinka Ojikutu
Group Head of Human Resources4.3yrsno datano data
Bolanle Baruwa
Deputy General Manager of Underwritingno datano datano data

1.8yrs

Average Tenure

Experienced Management: NEM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Andrew Ikekhua
MD, CEO & Directorno datano data0.027%
NGN 19.1m
Idowu Semowo
CFO, Executive Director of Finance & Investment and Directorno datano data0.30%
NGN 213.8m
Adeyemi Mayadenu
Executive Director of Technical & Executive Directorless than a yearno datano data
Papa Ndiaye
Non-Executive Director6.3yrsno datano data
Anthony Aletor
Director1.6yrsno datano data
Susan Giwa-Osagie
Director1.5yrsno data0.28%
NGN 195.8m
Tope Smart
Group Chairman of the Board1.7yrsno data2.4%
NGN 1.7b
Kelechi Okoro
Non-Executive Director6.3yrsno datano data
Ahmed Yakasai
Independent Non-Executive Director8.9yrsno datano data
Joy Teluwo
Non-Executive Director8.1yrsno data0.0050%
NGN 3.5m
Daphne Dafinone
Director1.6yrsno datano data

1.7yrs

Average Tenure

Experienced Board: NEM's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/30 05:58
End of Day Share Price 2025/04/30 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

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.