NSE CEO, Onyema, gets another five-year term

The Nigerian Stock Exchange on Tuesday announced that its National Council had approved the renewal of contract of employment for Mr. Oscar Onyema for another term of five years as the chief executive officer of the Exchange effective immediately.

The bourse, in a statement published on its website, said Onyema had 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, the President, National Council, NSE, Mr. Aigboje Aig-Imokhuede, was quoted as saying, “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.”

On his part, 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.”