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CBN takes lead role to revive commodity exchange, injects N50bn CBN takes lead role to revive commodity exchange, injects N50bn Share THE Central Bank of Nigeria (CBN) has made public the key highlights of the Inaugural Meeting of the Steering Committee on the repositioning of the Nigeria Commodity Exchange (NCX); which results in the Bank taking a lead role in the governance of a Securities and Exchange Commission (SEC) regulated entity. Following the approval to restructure, CBN will inject N50 billion in the sub-optimally performing state-owned institution in a new plan to make it alive t...

Nigeria-Press-Review January 29, 2021 to 09:52 2307 APA – Lagos (Nigeria) The Transparency International’s damning verdict on Nigeria’s anti-corruption war, ranking the country 149th on its yearly Corruption Perception Index dominates the headlines of Nigerian newspapers on Friday. The Guardian reports that Transparency International (TI) has, again, passed a damning verdict on Nigeria’s anti-corruption war, ranking the country 149th on its yearly Corruption Perception Index (CPI) after...

Nike Popoola The Federal Government is repositioning the Nigerian Commodities Exchange into a commercially viable platform for delivering efficien...

TODAY January 28, 2021 Following the approval of the President, the Central Bank of Nigeria (CBN), has concluded plan to invest N50b to revamp the ailing Nigerian Commodity Exchange. CBN Governor, Godwin Emefiele disclosed this while speaking at a meeting of critical stakeholders of the industry in Abuja on Thursday. He said the meeting was aimed at putting in place the enabling structures and Framework that would lead to repositioning of the Exchange “into a commercially viable Platform in Nigeria for delivering efficient pricing of Nigeria’s Agric produce; among others”. Emefiele ex...

…Begins repositioning process By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and is to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this , Thursday at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange. He said that the investment would be made through the Infrastructure Corporation (Infraco) in collaboration with other investors such as the Nigeria Sovereign Wealth Authiority (NSIA) and the African Finance Corporation. The move according to the CBN boss...