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Lagos Commodities Exchange Set to List First Gold


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. ....

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