Alhaji Aliko Dangote expresses his desire to step down as President of the Council of the Nigerian Stock Exchange (NSE).

16 May 2014 ThisDay Live starts off today’s news with the information that The President of Dangote Group of Companies, Alhaji Aliko Dangote, has expressed his desire to step down as President of the Council of the Nigerian Stock Exchange (NSE).

He will be handing over to former Group Managing Director/CEO of Access Bank Plc and First Vice-President of the council, Mr. Aigboje Aig-Imoukhuede during the annual general meeting of the NSE in July this year.

The business magnate and industrialist stated that his decision was based on his desire to focus on his company’s expansion drive in Africa, as this would free him to properly position his varied interests on the continent. He also expressed confidence in Mr Aig-Imoukhuede’s ability to continue to build the stock exchange.

Alhaji Dangote was elected the 17th president of the NSE in August 2009, while Imoukhuede was elected first vice-president in May 2013. He will be the first president of the council to step aside before the expiration of his tenure.