AFEX To Unlock Finance For $1trn Commodity Market

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Africa’s commodities player, AFEX has unveiled its updated pricing methodology for its business unit to unlock finance for the $1 trillion Commodity Market.

The implementation of the price methodology fills a gap in formalising participation in the Nigerian commodities ecosystem, as the firm doubles down on investor education and protection, while enhancing price discovery and eliminating price gaps across the different boards on the Exchange.

During his presentation at the CEO breakfast held in Lagos, president/CEO of AFEX Nigeria, Akinyinka Akintunde relayed relevant updates on the Exchange said: “we have launched initiatives to strengthen data availability and accessibility for the commodities market in the country over our years of operation.“This to be a core fundamental for a robust and vibrant market.

During his keynote address, MD, Sahel Capital, Mezuo Nwuneli stressed the importance of unlocking finance for the $1 trillion commodity market. By leveraging private sector and foreign investments, we can unlock value for the agriculture value chain and hedge against creeping inflationary pressures.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cattle traders appeal to govt to allow them live inside Abia marketThe Abia State Government wants to convert the market to a non-residential daily market.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Goods worth over N1bn destroyed as fire guts Ebonyi International MarketGoods reportedly worth over N1 billion were destroyed in a fire outbreak at the Ebonyi State International Market on Wednesday. The fire affected one of the largest warehouses in the market. DAILY POST reports that the cause of the fire incident, which started around 2:00 am, is yet to be ascertained.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Lagos: Police commence trial of officer caught firing shots in Ladipo MarketThe Lagos State Police Command says it has commenced a trial of its officer, Istifanus Kwanchi, caught on camera shooting in Ladipo Market. SP Benjamin Hundeyin, Lagos State Command Police Public Relations Officer, disclosed this on Wednesday through his official X handle.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Police Detain Inspector For Celebrating Ladipo Market Reopening With GunshotsInspector Kwanchi was seen in viral videos celebrating the reopening of the popular Ladipo Market in Lagos State with AK-47 shots to which the Force Spokesman, Muyiwa Adejobi, ordered an immediate probe
Source: channelstv - 🏆 7. / 63 Read more »

Naira gains against Dollar, exchanges at 790/$1 in official forex marketThe Naira appreciated at the close of work on Wednesday against the Dollar as it exchanged at N790/$1 at the official window. This is according to FMDQ Wednesday's forex trading report. Wednesday's rate of N790/$1 represented a N58 disparity from the N848/$1 traded on Tuesday.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Naira touches N1,100/$at parallel marketThe Nation Newspaper Naira touches N1,100/$at parallel market
Source: TheNationNews - 🏆 6. / 69 Read more »