Page 5 - Lagos Commodities News Today

South Africa in particular is rich in raw materials, and it is one of the most important raw material exporting countries in the world. Recently, a newly licensed commodities exchange began trading gold in Nigeria, West Africa. The Lagos Commodities and Futures Exchange was licensed by the Securities and Exchange Commission to trade gold to the specification of the London Bullion Market Association. Globally acceptable prices and quality are being sought. In the process, Nigeria is also promotin

LCFE, Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem

Operators have charged the 102 newly inducted commodities brokers to take advantage of the emerging opportunities in the commodities ecosystem and support the government in its efforts to bridge the gap in the foreign exchange (forex) market.

Bankers and other operators in the Nigerian financial market have identified deployment of commodities ecosystem as a means, which the Central Bank of Nigeria (CBN)

As concerns rise on the level of indebtedness of both governments and corporates in the developed markets, Moody’s Corporation may have foreseen a slowdown in the debt markets in the global loan centres, thus informing its bullishness on Africa, as its next growth frontier and a source of long-term earnings and business sustainability. The recent […]

As part of its growth and expansion strategy, the Lagos Commodities and Futures Exchange (LCFE) has screened and registered 39 dealing member firms (DMFs) for trading in commodities electronic receipts

Sokoto State Governor, Aminu Waziri Tambuwal has revealed that the African Development Bank (AfDB) will soon facilitate the establishment of an Onion

For the commodities exchange to operate optimally and contribute meaningfully to the nation's Gross domestic Product (GDP), the Lagos Commodities and Futures Exchange (LCFE) has called for a legal framework..

The Lagos Commodities and Futures Exchange has said commodities contribute about 70 per cent to Nigeria’s Gross Domestic Product.

To save over $2 billion spent on the importation of wheat in Nigeria yearly, the Lagos Commodities and Futures Exchange (LCFE) has entered into a partnership with Heritage Bank to create a structure for trading on wheat contracts and its allied products...