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Views: Visits 8 By Cynthia Alo Heritage Bank Plc has said its involvement in the private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344 trillion market worth of gold investible instruments in the solid minerals sector. The entity is also set to listed on the Lagos Commodities and Futures Exchange (LCFE). These were disclosed at the LCFE-Dukia Gold media parley held last weekend at the LCFE Trading Floor in Lagos. Speaking at the parley, the Chairman of Dukia Gold, Tunde Fagbemi who commended Heritage Bank ...

Vanguard News Heritage Bank, Dukia set to unlock N344trn gold market On By Cynthia Alo Heritage Bank Plc has said its involvement in the private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344 trillion market worth of gold investible instruments in the solid minerals sector. The entity is also set to listed on the Lagos Commodities and Futures Exchange (LCFE). These were disclosed at the LCFE-Dukia Gold media parley held last weekend at the LCFE Trading Floor in Lagos. Speaking at the parley, the Chairman of Dukia Gold, Tunde Fagbem...

FILE PHOTO: REUTERS/Leonhard Foeger/File PhotoThe Lagos Commodities and Futures Exchange (LCFE), the first commodities exchange to be licenced to trade gold in Nigeria by the Securities and Exchange Commission (SEC), is set to admit Dukia Gold‘s diversified financial instruments backed by gold as the underlying assets in a sector worth over N300 trillion. As a prelude to the listing, Dukia Gold explained that the instruments which would be in form of exchange-traded notes (ETN), commercial papers (CP) and other gold-backed securities would enable the company to deepen the commodities market...

The Lagos Commodities and Futures Exchange has concluded plans to commence trading of gold with the admission of Dukia Gold’s diversified financial instruments, backed by gold as the underlying asset. The move is in support of the Federal Government’s effort to reduce dependence on oil, diversify the economy and boost the country’s foreign exchange earnings. Dukia Gold said the financial instruments, which would be in form of exchange-traded notes, commercial papers and other gold-backed securities would enable the company to deepen the commodities market in Nigeria, increase capacity, ...

Translate Lagos Commodities Exchange set to list first gold instrument On Kindly Share This Story: The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion. Dukia Gold Chiarman, Mr Tunde Fagbemi, said this at a media parley on Thursday in Lagos. Fagbemi said the instruments which would be in the form of Exchange Traded Notes (ETN), Commercial Papers (CP), and other gold-backed securities would enable the company to deepen the ...