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 newly appointed board members include Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya as non-executive directors.
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.
The Nigeria Commodity Exchange serves as a structured marketplace for trading agricultural commodities and extractive resources.
