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LCFE, HB to boost N445tn commodities market

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Lagos Commodities and Future Exchange, Heritage Bank Plc, capital market players and other stakeholders have expressed their commitment to unlocked the $1tn (N445tn) commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors.

Lagos Commodities and Future Exchange, Heritage Bank Plc, capital market players and other stakeholders have expressed their commitment to unlocked $1tn which is equivalent to N445tn commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors.

They stakeholders said it was important to transform the Nigerian economy to create value, wealth, restore growth and build global competitive economy. “First thing it will bring about is sustainable commodity trading ecosystem, being a catalyst for capital formation, unlocking the long-time financing for the solid mineral and mining space. A frontline push to diversify the economy of this country from oil.”

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