Lagos, Nigeria | THE BLACK EXAMINER | Mr. Oscar N. Onyema, Group CEO of NGX Group, was recognized by the West African Securities Regulators Association (WASRA) for his significant contributions and support in shaping the integration of capital markets in the West African region. He was also acknowledged for serving as the first Chairman of the West African Capital Markets Integration Council (WACMIC). The recognition was conferred at the West Africa Capital Market Conference held in Lagos on October 25th and 26th, 2023.
As the pioneer chairman of WACMIC, Onyema played a pivotal role in designing the roadmap for Phases 1 to 3 of the regional capital markets integration. During his tenure, the council secured a funding partnership with the African Development Bank (AfDB) for the project. Phase 1 of the sponsorship access was successfully implemented, and the first cross-border transaction took place under his leadership.
The statement by NGX also credited Onyema for his leadership in transforming the Nigerian Stock Exchange (NSE) from a mutual, limited by guarantee structure into a demutualized, for-profit entity limited by shareholding during his time as the Chief Executive Officer of NSE.
