CEO of Nigerian bourse Oscar Onyema re-appointed for a second term

23 Feb 2016
Financial Nigeria


Oscar Onyema has served as NSE’s CEO since April 2011. His initial five-year contract expires on March 31, 2016.

Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange

The National Council of the Nigerian Stock Exchange (NSE) has renewed the employment contract of Chief Executive Officer of the NSE, Oscar Onyema, for a second term of five years.

In a press statement released on Tuesday, the NSE said Onyema’s second term takes effect immediately. Onyema has served as NSE’s CEO since April 2011. His initial five-year contract expires on March 31, 2016.

“Mr. Onyema’s tenure as CEO of the NSE is marked by outstanding achievements,” said Aigboje Aig-Imokhuede, President of the National Council of the NSE. “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.”

According to the statement, Onyema has led the execution of the Exchange’s transformation strategy, which has resulted in over 365 percent increase in surplus and 40 percent increase in the NSE Group’s balance sheet size in the last five years.

He has transitioned this strategy into a five-year growth plan, from 2015 to 2019, which will see the Exchange increase the number of new listings across five asset classes; increase order flow in the five asset classes; and operate a fair and orderly market based on just and equitable principles.

Before joining the NSE as CEO, Onyema was the Chief Administrative Officer and Senior Vice President of the NYSE MKT LLC, formerly American Stock Exchange (AMEX). Onyema holds an MBA in Finance and Investments from Baruch College in New York City and a BSc in Computer Engineering from the Obafemi Awolowo University, Ile Ife.

“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,” Onyema said. “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.”

Other Photos/Videos