Vanguard News
Commodities and Futures Trading as survival Option
On
By Sola Oni
There is no argument that Covid-19 pandemic has altered ways of doing things at domestic and official level. Companies globally, have been exposed to higher risks and investors are more likely to hedge risk than in a normal period. This probably explains why investment in commodities trading becomes more expedient.
Data from the portal of World Federation of Exchanges (WFE) on the growing clamour for commodities trading is revealing. The data indicates that in 2020, 9.3 billion commodity derivatives exchanged hands, an increase of 35.3 percent over the corresponding year. Of the volume, futures trading alone accounted for 96 percent while the remaining 4 percent was options. The underlying commodities cut across Agriculture, Energy, including emissions , ethanol and methanol, precious and non-precious metal, and index commodity derivatives.Let me quicky state that it is not the physical comm
EXCLUSIVE: Buhari deploys EFCC operatives to fertiliser companies
The president seeks to check fraudulent activities undermining the implementation of the presidential fertiliser initiative.
President Muhammadu Buhari has approved the deployment of operatives of the
Economic and Financial Crimes Commission (EFCC) to check the fraudulent activities undermining the implementation of the Presidential Fertiliser Initiative (PFI).
This directive was communicated via an internal memo by the Chief of Staff to the president, Ibrahim Gambari, on Tuesday.
“Kindly note that Mr president has directed the deployment of EFCC operatives to work with the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) monitoring team to control all criminal activities undermining the implementation of the PFI,” Mr Gambari said, according to the letter exclusively obtained by PREMIUM TIMES.
NSIA achieves $350m forex savings, creates 250,000 jobs tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
By Dike Onwuamaeze
Over $350 million has been saved from the erstwhile payments on subsidy and import substitution through the implementation of the Presidential Fertiliser Initiative (PFI), the Nigerian Sovereign Investment Authority (NSIA) has said.
The Managing Director and Chief Executive Officer of NSIA, Mr. Uche Orji, in a statement yesterday said with the support of President Muhammadu Buhari, the programme had accomplished its principal objectives.
He said: “Having fulfilled the establishment, stabilisation and market discipline phase of PFI, the primary objective of which was to revive the blending plants and create a viable domestic blending industry, we believe the PFI should gradually evolve into the next phase, which is a tactical withdrawal of intervention in the industry and the emergence of a self-sufficient, sustainable, and efficiently operated market.