The Securities and Exchange Commission (SEC) yesterday confirmed Mr. Oscar Onyema as the Director-General and Chief Executive Officer of the Nigerian Stock Exchange (NSE).

The apex regulatory authority also appointed Mr. Ade Bajomo as Executive Director, IT and Market Operations.

The confirmation of the two top appointees had followed the NSE conveyance of the unanimous decision of its Council to appoint Onyema and Bajomo in December 2010 and January 2011 respectively.

The Commission said yesterday, in a statement of endorsement of the two top appointees signed by its Head Media, Mr. Lanre Oloyi, that it was extremely pleased with the rigorous and transparent executive selection process implemented by the Council and Interim Administrator of the NSE, Mr Emmanuel Ikazoboh which led to the emergence of the CEO and ED, IT.

It urges the NSE Council to conclude the executive selection process with the appointment of the additional Executive Directors for Strategy & Busines Development and Listings.