Saturday, October 18, 2025
31.4 C
Lagos

NSE Renews Onyema’s Contract for a 2nd Five-year Term

The Nigerian Stock Exchange [NSE] has approved the renewal of contract of employment for Mr. Oscar N. Onyema for another term of five years as Chief Executive Officer of The Exchange effective immediately.

Onyema has served as the CEO of the Exchange since April 2011 and his initial five years employment contract expires on March 31, 2016.

Commenting on the renewal, President, National Council of NSE, Mr Aigboje Aig-Imokhuede said “Mr. Onyema’s tenure as CEO of the NSE is marked by outstanding achievements. The Council is confident that he can continue The Exchange’s trajectory of transformation, innovation and marketplace recognition by implementing its business strategies which he has been instrumental in developing. The leadership qualities that he has demonstrated in his first term as CEO, in the face of such intense and challenging operating environment, have been exemplary. The Council believes that his vision and passion will ensure the Exchange remains a force to be reckoned with in Africa and beyond.”

Speaking on his contract renewal, Mr. Onyema said:
“I am honoured to remain with The Nigerian Stock Exchange and to continue to lead our dedicated staff as we strive to achieve the Exchange’s vision. I am grateful to the Council for the opportunity to continue such an important work. While there is still much to be accomplished, the support shown by the capital market community has been inspirational, and I look forward to working with the entire eco-system to meet our objectives. ”

On assumption of the role of CEO in April 2011, Onyema developed the strategic plan to transform the Exchange into a globally competitive brand by stabilising and professionalising the Exchange.

He led the execution of the Exchange’s transformation strategy which resulted in over 365% increase in surplus, and 40% increase in NSE Group balance sheet size for the period. He has transitioned this strategy into a five year growth plan, 2015 to 2019 which will see the Exchange increase the number of new listings across five (5) asset classes; increase order flow in the five (5) asset classes; and operate a fair and orderly market based on just and equitable principles.

In recognition of his contributions to Nigeria’s economic development and transformation of Africa’s capital markets he was elected President of African Securities Exchanges Association (ASEA) in November 2014, demonstrating recognition and acceptance within the African region; and Chairman of West African Capital Markets Integration Council (WACMIC) for 2013 -2015, demonstrating sub-regional pull and influence.

More so, Onyema has represented the NSE on several boards and Government bodies including PENCOM, FMDQ OTC Plc, Central Securities Clearing System Plc (CSCS), Nigerian Capital Market Master Plan Implementation Council (CAMMIC), World Economic Forum (WEF) Global Agenda Council on Future of Financing and Capital, amongst others.

spot_img
spot_img
spot_img

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

SAFER LAGOS INSURANCE: Lagos Partners NIA on Insurance of Public Buildings

KEYNOTE ADDRESS OF THE DIRECTOR GENERAL/CEO OF THE LAGOS...

MTN, Seacom Lead Africa’s Future Digital Infrastructure Tech

Digital and Broadband infrastructure investment is clearly one of...

Making Sense of a Manual ‘Digital’ Directive

By Elvis Eromosele The COVID19 pandemic is not letting up....

MOHBAD’S DEATH: RETHINKING INSURANCE FOR ENTERTAINMENT INDUSTRY

By Tope Adaramola It’s not news anymore that the death...

BREAKING NEWS! MTN CEO Resigns over N1.04tr NCC Fine

Mr. Sifiso Dabengwa, the Chief Executive Officer of MTN Group has resigned with immediate effect over the N1.04 trillion ($5.2bn) fine imposed on MTNN Nigeria by the Nigerian Communications Commission (NCC) for failing to deactivate unregistered SIM cards. The resignation of Dabengwa was announced by the company early Monday.

‘Nigeria Lacks Total Internet Freedom’- Freedom House

Kenya and South Africa are the only African nations...

AGF: Why We Discontinued Legal Action Against Fidelity Bank CEO

The attention of the Office of the Attorney General...
spot_img

Related Articles

Popular Categories

spot_imgspot_img