President Goodluck Jonathan has awarded the Chief Executive Officer,
Nigerian Stock Exchange (NSE) Mr. Oscar Onyema, National Honour as Officer of
the Order of the Niger OON
The award program was recently (Monday, September 29, 2014) held at the
International Conference Centre, Abuja, recognizing those who have distinguished
themselves in various fields, and whose lives have positively affected their
fellow citizens and humankind.
The 2014 awardees are believed to be persons who have been found worthy
in both character and individual accom-plishments to deserve this distinguished
honour.
Mr Oscar Onyema was appointed Chief Executive Officer of The Nigerian
Stock Exchange in April 2011, and over the last three years his focused
strategy has been on cleansing, restructuring and making the Nigerian capital
market more accessible, by implementing innovations centered on technology,
transparency and product development, as well as on advocating changes to
policy. As the Chairman of the West African Capital Markets Integration Council
(“WACMIC”) he is propelling the successful integration of the various stock
exchanges in the West African sub region.
In addition to serving as CEO of the Exchange, Mr. Onyema also serves as
the Chairman of Central Securities Clearing System (CSCS) Plc, the clearing
house for the Nigerian capital market and is also a dedicated Council member of
the Chartered Institute of Stockbrokers of Nigeria (“CIS”). He is currently the
Vice President of the African Securities Exchanges Association, and a member of
the Global Agenda Council of the World Economic Forum. Mr. Onyema also serves
on the boards of all NSE subsidiaries, as well as FMDQ OTC PLC (FMDQ).
Mr. Onyema’s effort to restore and grow investor confidence in the
Nigerian capital market is advancing the Nigerian economy towards a path of
sustainable growth and development. During his time at the Exchange, he has
enhanced the corporate governance of the NSE and that of listed companies, so
as to increase market transparency, and to enable stronger regulation,
operational and delivery efficiency. Through several “zero tolerance” policies
implemented, investor confidence has increased thus allowing millions of
African investors to create durable wealth in the Nigerian securities market.
This has resulted in an increase in the proportion of local investors accessing
the capital market, with the percentage of local participation now up to 50 per cent (July 2013) compared to 33 per cent in 2011.
The Management and Staff at the Nigerian Stock Exchange heartily
congratulate all the recipients of the honour and are especially proud that our
very own CEO has been awarded this accolade
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