The Central Bank of Nigeria has announced its plans of obtaining all statutory approvals and support necessary to restructure and reposition the Nigerian Commodities Exchange (NCX) within the next 90 days. This disclosure was made today by the Governor of the CBN, Mr. Godwin Emefiele at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange. Mr. Emefiele emphasized that the apex bank had gotten a prior approval from the President, Muhammadu Buhari to restructure the NCX, in a bid to stabilize food prices in the country. Commenting on the plans, Mr. Emefiele said: “In the next 90 days we should be able to really begin the first launch and this will involve approvals on repositioning, restructuring, setting up bureaus, board structures, board committees, governance committees.’’