Page 7 - Lagos Commodities News Today

By Goddy Egene The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Chief Onyenwechukwu Ezeagu, has urged stockbroking companies in Nigeria to align their business models so as to enjoy the anticipated opportunities that would emerge from the demutualised Nigerian Stock Exchange (NSE). Following its approval to convert into public company by the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) last week, the NSE would henceforth operate as a ...

Vanguard News Investors await Trumpet for derivative trading On By Sola Oni Capacity building is one of the statutory functions of the Chartered Institute of Stockbrokers (CIS), even as the high-profile Institute is on a definitive journey towards changing its name to reflect the wider duties of stockbrokers. With the Theme: “ Derivative Markets, Instruments and Contracts”, the Institute held a two-day successful virtual training on Wednesday, February 24 and Thursday, February 25.   The...

news Beyond CBN’s restructuring of Nigeria Commodity Exchange Mustapha Temidayo  By Sola Oni   On Tuesday, January 26, 2021, the Governor of Central Bank of Nigeria (CBN) , Mr Godwin Emefiele addressed the first  press conference in the year where he unfolded the decision of the Monetary Policy Committee (MPC) on the  rates that will drive operations in the money market.  Expectedly, all the key indicators were retained. Monetary Policy Rate ( MPR) stays at 11.5 percen...

Selective capital injection does not guarantee the turn-around of commodity exchanges, argues Sola Oni On Tuesday, January 26, 2021, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele addressed the first press conference in the year where he unfolded the decision of the Monetary Policy Committee (MPC) on the rates that will drive operations in the money market. Expectedly, all the key indicators were retained. Monetary Policy Rate (MPR) stays at 11.5 percent, Liquidity Ratio, 30 ...

By Ndubuisi Francis The Securities and Exchange Commission (SEC) has revealed that it is working to get appropriate rules that will enhance the operations of the commodities and futures exchange. It disclosed that in a bid to ensure that the relevant standards required are approved, it was engaging with the Standards Organisation of Nigeria (SON), and pulling its weight to ensure increased visibility of the nation’s commodities in the international market. SEC Director General, Mr. Lamido Yug...