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CBN, NSIA to invest N50b in Nigeria Commodity Exchange

CBN, NSIA to invest N50b in Nigeria Commodity Exchange
On
Godwin Emefiele, CBN Governor.
The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja.
The Governor of the CBN, Mr. Godwin Emefiele, disclosed this , this afternoon, 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 a push to make the exchange functional and halt the arbitrage of middlemen, under whom Nigerian farmers have suffered for decades. ....

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CBN to invest N50 b in Nigeria Commodity Exchange

…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 was to make the exchange functional in order to halt the arbitrage by middlemen, under whom Nigerian farmers have suffered for decades. ....

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