National Salt Company (NASCON) Allied Industries Plc has announced a major leadership transition following the resignation of its Managing Director, Mr Thabo Mabe, who is leaving the role to take up another appointment within the Dangote Group.
The development was disclosed in an official statement issued on Tuesday by the Company Secretary, Oluseun Oluwole, who confirmed that Mrs Aderemi Saka, the current Deputy Managing Director, has been appointed to succeed him effective December 1, 2025.
Oluwole stated: “NASCON Allied Industries Plc. (“the Company”) Hereby announces the resignation of Mr Thabo Mabe as the Managing Director, due to his taking up another appointment within the Dangote Group. In line with succession planning, Mrs Aderemi Saka (the Deputy Managing Director) has been appointed as the Managing Director, with effect from December 1, 2025.”
He described Saka as an accomplished professional whose extensive background positions her strongly to steer the company into its next phase of growth.
According to the release, “Mrs Saka is a seasoned executive with over twenty-six years of distinguished experience in Nigeria and the United States, working with multinationals and publicly traded corporations. She holds a Bachelor’s degree in Accounting and a Master’s in Business Administration with a concentration in International Business from Georgia State University, USA.”
Saka’s journey within the Dangote Group has been marked by rapid progression and significant contributions. She first joined the Corporate Strategy team at Dangote Industries Limited in 2015 before moving to NASCON in 2016 as Chief Financial Officer.
The statement noted: “She subsequently joined the Company in 2016 as the Chief Financial Officer and thereafter was appointed as the Deputy Managing Director on 26 February 2025. During this period, she created an impressive track record of exceptional leadership, enhancing financial performance, boosting productivity, and strengthening internal controls, which have been pivotal to the Company’s success.”
Beyond her achievements within Nigeria, Saka brings global corporate experience from her time at leading Fortune 500 companies.
Her background, the company said, includes “significant roles at Fortune 500 companies such as Verizon Communications, MCI Inc., and American Tower Corporation. In these positions, she honed her skills in Finance and Corporate Strategy, contributing to the growth and stability of these organisations. Her extensive expertise in managing financial risks and driving organisational performance exemplifies her capability to drive sustainable growth and innovation.”
The Board expressed its gratitude to Mabe for his service and reaffirmed its confidence in Saka’s appointment.
Oluwole added: “The Board is grateful to Mr Mabe for his contributions over the years and wishes him the very best in his new role. The Board is also confident that Mrs Saka’s expertise will further strengthen the Company’s governance structure and contribute meaningfully to its strategic growth.”
Saka’s elevation comes at a pivotal time for NASCON as the company positions itself for a stronger market presence and sustainable expansion.
News.ng reports that the share price of NASCON stood at ₦103.60 at the close of trading on Monday, November 17, 2025, on the Nigerian Stock Exchange (NGX). The stock has recorded a remarkable surge this year, rising from its opening price of ₦31.35 to deliver a 230% year-to-date increase, placing it among the top performers on the NGX and securing the 12th position in annual gains so far.
In terms of trading activity, NASCON ranks as the 58th most actively traded equity on the Exchange in the last three months (August 19 to November 17, 2025). During this period, investors exchanged 114 million shares across 8,454 transactions, amounting to a total turnover of ₦11.3 billion. This translates to an average daily volume of approximately 1.82 million shares.
The highest volume of shares traded within the three-month window was 17.9 million on October 23, while the lowest was 112,480 recorded on November 14. The company’s trading pattern over the most recent ten sessions is highlighted in the table below, reflecting fluctuations in daily market activity for NASCON.
