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  • Business - Economy
  • Updated: Apr 07, 2021

Oscar Onyema Completes Tenure As CEO Of NSE

Oscar Onyema Completes Tenure As CEO Of NSE

The Nigerian Stock Exchange announced that its Chief Executive Officer, Oscar N. Onyema, OON, has completed his tenure.

NSE's Head of Communications Mr. Olumide Orojimi disclosed this in a statement issued on Tuesday, stating that in commemoration of his exemplary leadership, he was honoured with a digital Closing Gong Ceremony on Thursday, April 1st, 2021.

​Following the successful demutualisation of The Exchange, Mr. Onyema has transitioned into the Group Chief Executive Officer (GCEO), Nigerian Exchange Group (NGX Group) Plc.

READ ALSO: NSE Demutualises, Becomes Public Company

The Chairman of the Nigerian Exchange Group, (NGX Group) Plc, Otunba Abimbola Ogunbanjo, spoke at the event, lauding Onyema's impact on the growth of The Exchange as his "strategic mindset and mastery of Exchange business was what NSE dearly needed to rise to its next level of growth."

On his part, the GCEO, NGX Group Plc, Mr. Oscar N. Onyema, OON noted thus, “I arrived at The Nigerian Stock Exchange when the stock market was in the doldrums, investors’ confidence low, mono-product and the bourse under regulatory administration. With tunnel vision collaboration with stakeholders in the financial system and perseverance, we have been able to surmount almost all of the challenges. I am delighted to have worked with the astute members of the National Council, visionary leaders in the Executive Committee, and an expert crop of staff at The Exchange to have delivered excellent results. We have come a long way from where we used to be and I am excited about the opportunities demutualisation has opened for us in the coming years. 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.”

READ ALSO: NSE Market Data: Investors Lose N78bn As All Share Index Dips

The demutualisation of The Exchange has led to the emergence of the Nigerian Exchange Group (NGX Group) Plc and three subsidiaries – Nigerian Exchange (NGX) Limited, NGX Regulation (NGX RegCo) Limited, and NGX Real Estate (NGX RelCo) Limited. Mr. Temi Popoola, CFA will assume the role of CEO, NGX Limited, while Ms. Tinuade Awe will become the CEO, NGX RegCo Limited.

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