Onyema calls for Market Transparency at Nigerian- South African Chamber of commerce breakfast forum

DG of NSE, Mr. Oscar Onyema


Onyema calls for Market Transparency as PanAfrican Capital Plc sponsors 2011 Nigerian- South African Chamber of commerce breakfast forum


By Ingram Osigwe


The Nigerian-South African Chamber of Commerce on Wednesday April 20 held its April 2011 Breakfast Forum. The Speaker at this edition was Mr. Oscar N. Onyema, Director General, Nigerian Stock Exchange (NSE)

Mr. Oscar Onyema, spoke on his vision for the capital market to include transparency, Innovation and liquidity. Speaking at the breakfast forum, Sponsored by PanAfrican Capital Plc, Onyema explained that his intension was to position the Nigerian capital market not only as a gateway to African frontier market but also a leading exchange for capital formation.

The NSE boss assured that his management would deploy such drivers of success at the exchange as organizational efficiency and fair level playing field for all participants in order to restore confidence in the market.


The DG of NSE with some members of staff of PAC.

He revealed that the plans of the exchange is to use better regulatory initiatives to attract more capitalization through new issues of from other sectors of the economy including the telecoms industry, adding that the market can do with significant foreign inflows but “ we are not looking for the high frequency trading”. Besides working with government to enthrone friendly policies, the new boss made it clear that new policies and procedures targeted at ensuring qualitative disclosure were best for the market at this point in time.

“Look at the market as a long term investment window instead of a speculative one,” Onyema further advised investors.



Mr Emeka Akwuaka, Company Secretary PanAfrican Capital Plc with the DG of NSE, Mr Oscar Onyema.


Mr. Eugene Ezenwa, MD CEO PAC Securities ltd and Mr Lanre Bakare, Head, Strategy and corporate Planning

He said the capital market was in need of market makers that would help to deepen it and improve liquidity.
"We will look at operational efficiency so that when you want to move a large chunk of stocks or bonds, you can do that easily without impacting on the price of the security, Said Mr. Onyema.

Mr. Onyema said the absence of market makers was affecting market liquidity.

"How do we make sure that securities have a standing bid and offer at any point in time? How do we get market makers that have the right depth and knowledge to provide liquidity in our market place? That is what we are looking at right now," he said

Managing Director/CEO of PAC Securities Limited, Chief Eugene Ezenwa, said the vision of the new CEO of NSE was going to affect the market positively, if well implemented.

PanAfrican Capital Plc appoints new Directors

PanAfrican Capital Plc appoints new Directors

PanAfrican Capital Plc, one of the emerging players in Investment Banking, in the nation’s Capital Market held its last Annual General Meeting on December 3, 2010 and ratified the appointment of three (3) Directors on its Board. They are Professor Peter Nwangwu, Mr. Lanre Odunlami, and Mr. Chuks Ekpunobi:




Professor Peter Nwangwu

A healthcare scientist with very strong inter-disciplinary academic and research preparation. He has significant research experience in both academia and industry; also has to his credit, history of productive and relevant research experience in both clinical research and basic laboratory research.


Professor Nwangwu has over 30 years of professional experience and 25 years of Senior Management experience which includes Director of Clinical Research at the University; Clinical Research Monitor at a multi-billion dollar, multi-national drug company, and President and CEO of companies in a variety of industrial sectors, including President and CEO of a drug manufacturing firm.


A warm-blooded Entrepreneur adept with new venture creation, and managing multiple tasks simultaneously, comfortably. He is endowed with excellent skill in strategic planning, complex contract negotiations with government agencies and industry. Passionate and an intense advocate of economic development activities.



Mr. Lanre Odunlami

A Chartered Accountant with vast experience in Accounting, Internal Controls, Strategy, Financial Reporting/Analysis and Performance Management. He is a First Class Accounting Graduate from Obafemi Awolowo University, Ile - Ife. He was a pioneer member of the Financial Control Department of Standard Trust Bank (now UBA Plc).


He was, at various times, Senior Financial Officer; Head, Financial Control, Group Head, Strategy and Brand Development in Guardian Express Bank Plc and Head, Performance Management, Bank PHB. He has attended a number of technical and management courses including Executive Management courses at the Wits Business School, Johannesburg, South Africa and a Balanced Scorecard Certification Master Class in Boston, Massachusetts, USA. Odunlami is presently the Chief Financial Officer of Spring Bank Plc and a Nominee of the Bank.




Mr. Chuks Ekpunobi

A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Master Degree holder in Banking & Finance, University of Port Harcourt. He has vast experience that cuts across Accounting, Audit, Banking & Leasing. He was at various times Head, Internal Controls, Head of Inspection & Head, Financial Control of Institutions such as Ivory Merchant Bank, Metropolitan Bank & Fortune International Bank Limited. He also had varied experience in Leasing in Acquila Capital Limited where he worked as Assistant Vice-President. Ekpunobi is Chief Inspector of Spring Bank Plc and a Nominee of the Bank.