Market Price As At 22nd June 2022
  • White Maize Grade-1 N165,000

Press Release

Re-Constitution of the Board and Executive Management of the Nigeria Commodity Exchange Plc.

The Nigeria Commodity Exchange Plc (NCX) hereby informs the public that in line with the provisions of the Companies & Allied Matters Act (CAMA) 2020, an Extraordinary General Meeting of the NCX was held on January 4, 2022, at which all shareholders unanimously approved the following resolutions:

i. The retirement of Directors

ii. The appointment of three new Directors – Mrs. Aishah N. Ahmad CFA, Dr (Mrs) Angela Sere-Ejembi and Mr. Philip Yila Yusuf.

Mrs. Ahmad was subsequently appointed Chairman of the Board at the inaugural board meeting, which was also held on January 4, 2022. Additional board appointments will be made in due course.

The newly reconstituted Board along with a Transition Management Team, headed by Mr. Elenwor Ihua, [acting as Interim Coordinator], will temporarily oversee the operations of the Exchange, supervising an independent and transparent process to appoint a new Executive Management Team.

The core shareholders of the NCX thank the outgoing Board and Executive Management for their patriotic service to the company and wish them all the best in their future endeavours.

This development marks a critical milestone in the journey to transform the NCX into a world-class commodity trading company within the African and global commodity markets.