The Nigeria Commodity Exchange (NCX) Plc has reconstituted its board with the appointment of new members.

The appointees are Aishah Ahmad, Dr. Angela Sere Ejembi and Phillip Yila Yusuf.

NCX, in a statement, said the appointments are in line with the provisions of the Companies and Allied Matters Act (CAMA) 2020, following an extraordinary general meeting (EGM) held on January 4, 2022, at which all shareholders unanimously endorsed the retirement of some directors.

Following the meeting, Ahmad was appointed chairman of the board at the inaugural new board meeting, which was also held on January 4, 2022.

The NCX informed that additional board appointments would be made in due course.

The newly-reconstituted board, along with a transition management team, headed by Elenwor Thua (as acting Interim Coordinator) would temporarily oversee the operations of the exchange, supervising the process to appointing a new executive management team.

A statement by the Acting Head, Corporate Communication of the NCX, Abiodun Sanusi, said the core shareholders of the NCX thanked the outgoing board and executive management for their patriotic service to the company.

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He added that the new appointments mark a critical milestone in the journey to transform the NCX into a world-class commodity trading company.