Nse Ceo, Onyema, Gets Another Five-year Term

SAN FRANCISCO, February 23, (THEWILL) – The Nigerian Stock Exchange (NSE) has renewed the contract of agreement of its Chief Executive Officer, Mr Oscar Onyema, for another five-year term.

This is contained in a statement issued by the exchange, which was made available to the News Agency of Nigeria (NAN) in Lagos.

Onyema resumed office as the CEO of the Exchange in April 2011, taking over from an interim leadership, while his initial five-year employment contract would expire on March 31, 2016.

The statement quoted Mr Aigboje Aig-Imokhuede, NSE President, as noting that Onyema's tenure as NSE's CEO was marked by outstanding achievements.

Aig-Imokhuede expressed confidence that Onyema would continue to implement the exchange business strategies to enhance growth and development.

“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 exemplar,” he said.

“The Council believes that his vision and passion will ensure that the Exchange remained a force to be reckoned with in Africa and beyond.”

On his contract renewal, the statement quoted Onyema as saying “I am honoured to remain with the NSE and to continue to lead our dedicated staff as we strive to achieve the Exchange's vision.

Story by David Oputah