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 appointment, announced on April 2, 2026, takes immediate effect and is part of the federal government’s strategy to strengthen Nigeria’s commodity trading system and boost non-oil exports.
According to the presidency, the move aligns with efforts to improve price discovery, enhance market transparency, and expand Nigeria’s export base under the administration’s economic agenda.
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The newly constituted board includes Najah Muhammed, Bamidele Hussein, Mezuo Nwuneli, Obi Igwe, and Foluso Ayo-Olaiya as non-executive directors, while Anthony Atuche has been appointed Managing Director of the exchange.
The government stated that the restructured board is expected to provide strategic oversight to fully operationalise the exchange, attract investment into warehousing and logistics, and strengthen accountability within the commodities market.
Dalhatu Abubakar, a Kano-based businessman, currently chairs Al-Hamsad Integrated Rice Mills and leads the Conference of Northern States Chambers of Commerce, Industry, Mines and Agriculture.
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He is also recognized for his contributions to agribusiness development and private sector growth. The Nigeria Commodity Exchange serves as a structured platform for trading agricultural and extractive commodities, playing a key role in formalising trade, stabilising markets, and improving access for producers and investors.
The presidency emphasized that strengthening the exchange will support food security, improve supply chain efficiency, and position Nigeria more competitively in regional and global commodity markets.
Source : Nairametrics
