The Chief Executive Officer of The Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, was awarded with a National Honour as Officer of the Order of the Niger (OON), by the President of the Federal Republic of Nigeria, Dr. Goodluck Ebele Jonathan, GCFR, on Monday, September 29, 2014. The award ceremony, which was held at the International Confer¬ence Centre, Abuja, was a celebration to publicly recognize those who have distinguished themselves in various fields, and whose lives have positively affected their fellow citizens and humankind. The 2014 awardees are be¬lieved to be persons who have been found wor¬thy 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% (July 2013) compared to 33% in 2011.