President Bola Ahmed Tinubu has approved the reconstitution of the Nigeria Commodity Exchange (NCX) board.
In a statement on Thursday, President Tinubu appointed Dalhatu Abubakar as the Chairman of the Nigeria Commodity Exchange (NCX).
The presidency in a statement confirmed that these appointments take immediate effect as part of a strategic initiative to strengthen the nation’s commodity trading ecosystem and stimulate non-oil export growth.
This restructuring aligns with the Federal Government’s broader objectives to enhance price discovery, improve market transparency, and reposition the NCX to play a more pivotal role in the commodities market.
The move comes at a critical time for the Nigerian economy, which is currently navigating global trade shocks and inflationary pressures linked to international conflicts.
Under the new leadership structure, Anthony Atuche has been appointed as the Managing Director of the exchange. He will be supported by a newly formed board of non-executive directors, including Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya.