Market Formation Framework Key To Solid Mineral Development - Sekibo bizwatchnigeria.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwatchnigeria.ng Daily Mail and Mail on Sunday newspapers.
Goddy Egene
The Lagos Commodities and Futures Exchange (LCFE) is set to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying assets in a sector worth over N300 trillion.
Addressing journalists at the pre-listing media interactive session in Lagos, the Dukia Gold’s Chairman of Dukia Gold, Mr. Tunde Fagbemi, said 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 deepen the commodities market in Nigeria, increase capacity, generate foreign exchange for the government to diversify external reserve and create massive employment across the metal production value chain.
Share
Heritage Bank Plc for being part of valuable 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 with the concluded plans of being listed on the Lagos Commodities and Futures Exchange (LCFE).
This move that will entrench expand revenue in the non-oil sector through diversification, by stimulating growth in solid minerals in line with the objectives of the Economic Recovery and Growth Plan (ERGP) will also put Nigeria on the global map with regards to standardized gold tracing, sourcing procurement and trading it.
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 as the project financier and for its other pertinent supports, said the bank has been playing key role in promoting the first solid mineral listing on Exchange in West Africa.
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 Fagbemi who commended Heritage Bank as the project financier and for its other pertinent supports, said the bank has been playing key role in promoting the first solid mineral listing on Exchange in West Africa.