President Bola Ahmed 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.
