Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange has completed his tenure.
Onyema, 52, assumed the position on April 4, 2011. He was formerly Senior Vice President of the American Stock Exchange.
In a statement on Tuesday, Olumide Orojimi, Head of Corporate Communications, said a closing ceremony was held to honour him.
Orojimi noted that the NSE experienced significant growth under the former CEO. He cited the recent completion of the demutualisation of The Exchange.
Onyema recalled he took over when the stock market was “in the doldrums, investors’ confidence low, mono product and the bourse under regulatory administration”.
The finance and investment expert said the collaboration with stakeholders in the financial system and perseverance helped able to surmount the challenges.
“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,” he added.
Onyema reiterated his commitment to ensuring that the Nigerian Exchange Group (NGX Group) and its divisions deliver on the mandate to become Africa’s leading capital market infrastructure provider.
The subsidiaries are Nigerian Exchange (NGX) Limited, NGX Regulation (RegCo) Limited, and NGX Real Estate Limited.
Onyema will become NGX Group CEO; Temi Popoola will assume the role of CEO, NGX Limited; Tinuade Awe will become the CEO, NGX RegCo Limited.