Lagos, Oct. 27, 2023 -The West African Securities Regulators Association (WASRA) has accorded recognition to Oscar Onyema, the Chief Executive of Nigerian Exchange (NGX).
The recognition was for his contribution and support in shaping the integration of capital markets in the region and for being the first Chairman of the West African Capital Markets Integration Council (WACMIC).
Onyema was given the recognition at the recently concluded West Africa Capital Market Conference held in Lagos between Oct. 25 and Oct. 26, 2023.
The CEO of NGX Group was the President of the African Securities Exchanges Association (ASEA) between 2014 and 2018.
During his tenure as the pioneer chairman of WACMIC, he led the design of the journey map for Phases 1 to 3 of capital markets regional integration.
This period also saw the council securing funding partnership with African Development Bank (AfDB) for the project.
The Phase 1 sponsorship access was implemented, and the first cross border transaction happened during his chairmanship.
Onyema was also credited for his leadership role in the transition of the NGX Exchange into a demutualised, for-profit entity limited by shareholding from its previous mutual, limited by guarantee structure. (GBN)
