President Bola Tinubu has approved the appointment of Dalhatu Abubakar as Chairman of the Nigeria Commodity Exchange (NCX), alongside the reconstitution of its governing board.
The announcement was disclosed in a statement issued by the presidency on Thursday.
The appointment, which takes immediate effect, is part of efforts by the Federal Government to strengthen Nigeria’s commodity trading ecosystem and promote non-oil export growth.
The presidency said the reconstitution of the NCX board aligns with ongoing efforts to expand Nigeria’s non-oil export base.
“The appointments are part of ongoing efforts to strengthen Nigeria’s commodity trading ecosystem, enhance price discovery, improve market transparency, and drive the expansion of non-oil exports in line with the renewed hope agenda.”
The newly appointed board members include Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya as non-executive directors.
- Najah Muhammed (non-executive director)
- Bamidele Hussein (non-executive director)
- Mezuo Nwuneli (non-executive director)
- Obi Igwe (non-executive director)
- Foluso Ayo-Olaiya (non-executive director)
Anthony Atuche was also appointed as Managing Director of the exchange.
The statement noted that the new board is expected to reposition the exchange to play a more active role in Nigeria’s commodities market.
