Onyema completes tenure as Nigerian Stock Exchange CEO

The Nigerian Stock Exchange (NSE) on Tuesday said Oscar Onyema has completed his tenure as its chief executive officer (CEO) after a 10-year period.

NSE spokesman Olumide Orojimi in a statement said a closing gong ceremony was held on April 1 to honour Mr Onyema.

Also, chairman, Nigerian Exchange Group (NGX Group) Plc Abimbola Ogunbanjo said that the closing gong was in commemoration of Onyema’s exemplary leadership.

Following the successful demutualisation of the NSE, Onyema would transition into the group CEO of NGX Group Plc.

Ogunbanjo stated: “It is impossible to overstate Oscar Onyema’s contributions to the growth of The Exchange and the development of the capital market in the past 10 years.

“After his first year of leadership, it became evident that his strategic mindset and mastery of Exchange business is what NSE dearly needs to rise to its next level of growth.

“As anticipated, The Exchange went on to experience significant growth as the years pass by, most notable of which is the recent completion of the demutualisation of The Exchange.

“It has indeed been a pleasure working with him in our time at the NSE and I look forward to our continued journey to greatness in the NGX era.”

The new GCEO Onyema said: “I must reiterate my commitment to ensuring that the NGX Group Plc and its subsidiaries deliver on the mandate to become Africa’s leading capital market infrastructure provider.

“I look forward to deepening partnerships with existing stakeholders and exploring new collaborations locally and globally to bring this to bear.”

The demutualisation of the NSE has led to the emergence of the Nigerian Exchange Group Plc and three subsidiaries: Nigerian Exchange (NGX) Limited; NGX Regulation (RegCo) Limited and NGX Real Estate Limited.

Temi Popoola will assume the role of CEO, NGX Limited while Tinuade Awe will become the CEO, NGX RegCo Limited.