STOCK EXCHANGE CEO GETS ANOTHER 5-YEAR TERM

The engagement contract of the chief executive officer of the Nigerian stock exchange, Mr Oscar N Onyema has been renewed for another five years.
According to an official notice on the NSE website, the contract has been renewed by the National Council of the exchange well ahead of the March 31 expiration date for the current contract.
Mr Onyema took over as the CEO in April 2011 for a five year term. Since then he has drawn up and executed strategic plan to transform the exchange into a globally competitive brand.
He came aboard the exchange after above 20 years experience in the United States financial markets and in the Nigerian information technology sector.
He joined American stock exchange (AMEX) in 2001 and eventually became the first coloured person to be senior vice president and chief administration officer of AMEX.
When AMEX was bought over by the New York Stock exchange in 2008, he was instrumental to integrating AMEX equity into the New York exchange.
He then managed NY AMEX equity trading, positioning it as premier market for small and middle capitalisation securities.
Onyema holds an MBA from Baruch college New York and a Bsc from Obafemi Awolowo University, Ile-Ife.
He is currently the chairman of Central Securities Clearing System; council member of the Chartered Institute of Stockbrokers and also serves on the boards of all exchange subsidiaries, and of the National Pension Commission of Nigeria.
The notice quotes NSE council president Mr Aigboje AigImokuede as saying that Onyema:s first tenure was marked by outstanding achievements and exemplary leadership qualities.

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