The new boss of the Nigerian Stock Exchange is Mr Oscar Onyema, a computer engineer and finance expert.

He replaces Mr. Emmanuel Ikazoboh, the interim administrator appointed by the Securities and Exchange Commission (SEC). Onyema’s appointment was ratified by the 56th meeting of the NSE yesterday.

Onyema holds a B.Sc Computer Engineering degree from Obafemi Awolowo University, Ile-Ife, Nigeria and an MBA, Finance and Investments, Ziklin School of Business, Baruch College, New York.

Oscar Onyema served as Chief Administrative Officer and Senior Vice President of American Stock Exchange LLC. Mr. Onyema serves as a primary liaison among various Amex operating divisions, the trading floor community, and external constituents. In addition, he is responsible for strategy and competitive analysis, Membership and Registration Department and Market Data Services Department.

Mr. Onyema has been instrumental in Amex’s preparation for Regulation NMS. Mr. Onyema joined the Amex in January 2001, and has served in various positions, most recently as Vice President and Chief Administrative Officer.

Before joining the Amex, Mr. Onyema worked at the New York Mercantile Exchange (NYMEX) as Senior Analyst for Business Planning and Development. He also worked at DPMS (IBM Business Partner) as a Marketing Executive marketing IBM mid-range systems.

He serves on several industry committees including CTA Operating Committee, NASDAQ UTP Plan Operating Committee, and SIFMA / FIF Regulation NMS working group. He served as an adjunct lecturer at the Economics Department of Pace University for five years, and is a frequent public speaker on market structure and market data issues. Mr. Onyema received an MBA in Finance and Investments from Baruch College in New York City.