In view of the foregoing, stockbrokers are trying to specific terms, plans are underway to launch what is being called the Lagos Commodities and Futures Exchange. The Managing Director of The Association of Securities Dealing Houses of Nigeria, Akisola Akeredolu-Ale, disclosed this recently when he spoke to said the new commodities exchange would be launched before.The Association of Securities Dealing Houses of Nigeria plans to start the Lagos Commodities and Futures Exchange later this month, Managing Director Akinsola Akeredolu-Ale said in an interview.Commodity Brokers Association of Nigeria - CBAN. 228 likes 3 talking about this. Commodity Brokers Association of Nigeria CBAN is a body of.The principal commodities of legitimate trade were palm oil and palm kernels, which were used in Europe to make soap and as lubricants for machinery before petroleum products were developed for that purpose. Although this trade grew to significant proportions--palm oil exports alone were worth £1. What’s your view on the performance of the economy in the first quarter of this year?The Nigerian economy in first quarter was stagnant due to the elections.We are just improving now because the election period really affected the economy seriously as a lot of investors were uncertain about what would be the outcome of the election.This really affected the economy and made it stagnant, no improvement when compared to the last quarter of last year.
Nigeria Brokers Look to Commodities Trading as Stocks..
At that time, we were looking as if it was going to take off with immediate effect, such that the commodity operators would be in operations to really deal on the commodities that were available.Nigeria being a mono-economy for the past few years, we are all dreaming of how we can make it to be a multi-cultured one.It is not only oil that we are producing, before oil came Nigerians were looking up to the agricultural commodities and this was how old western region was able to have infrastructures on ground before around 1956 before the discovery of oil in the country. Günstiger broker 2013. SEC provides major boost to Nigeria's comatose commodity trading. a delegation of the Commodity Brokers Association of Nigeria CBAN.Nigerian stockbrokers struggling with one of the world’s worst equity market routs plan to trade commodities in a bid to diversify earnings and boost income. The Association of Securities Dealing Houses of Nigeria plans to start the Lagos Commodities and Futures Exchange later this month, Managing Director Akinsola Akeredolu-Ale said in an interview.SEC to commence capacity building on Commodities Exchange. when a delegation of the Commodity Brokers Association of Nigeria CBAN.
Commodity Brokers Association of Nigeria; Nigerian capital market; Securities and Exchange Commission; Technical Committee on Commodities Trading Ecosystem.Is'haq Mallam Yahaya, the North Central Chairman of the Commodity Brokers Association of Nigeria CBAN, who was in attendance at the.The Commodities Brokers Association of Nigeria,President, Alhaji AltineKajiji, has urged the Federal Government not to withdraw subsidy on fertiliser in an interview in Abuja yesterday. Kajiji said that Nigerians would be discouraged from farming if subsidy on fertiliser was removed, adding that farmers in the country toiled without. RE The Commodity Brokers Association of Nigeria CBAN will be holding a Foundation Training on Commodity Exchange operations from August 27th to 29th 2019. N45,000 Venue - Nigeria Commodity Exchange 2nd Floor Bank of Agric Building CBD, Abuja FCT. Kick off time 9AM. Interested participants should pay to.The Acting Executive Commissioner Operations of SEC, Mr Isyaku Tilde, disclosed this when a delegation of the Commodity Brokers Association of Nigeria led.Commodity Brokers Association of Nigeria CBAN has appealed to President Muhammadu Buhari to sign the Chartered Institute of Commodity.
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Illiquidity is a major problem in the capital market, do you think brokers are in good position to provide liquidity support to the commodity exchange?Actually illiquidity is a problem but it can be addressed like what the committee of banks is trying to do by providing facility to brokers, giving them incentives, like a small amount of money for them to be buying in small quantity, gathering it to a larger volume, they can now trade upon these.Liquidity is necessary but the banks can be able to provide it if they are well organised, there is one now been packaged by a foreign company, they have gone into memorandum of understanding (Mo U) with a commodity exchange outfit, the bank and this organisationhave agreed that if things move on as expected, the bank will be the settlement bank and the bank will be able to raise funds for any of the brokers that needs money in order to be able to trade or to invest in any of the produce that he believes that there will be a high return for him whenever he trades on it. Yes with the help from the committee of banks, this will improve the degree of trading that will come up on commodity exchange.What other products apart from agricultural produce will be traded on the Exchange?We are into solid minerals; we have gone to about two different fields producing solid minerals that we are part of their packages.
We are relating with lead producers in Ebonyi State where we are their consultants and that at the end of the day, these products will be transacted on the commodity exchange to be sold out to foreign countries like China, Australia or Germany.We are also working on gold; we are signing Mo U with the miners on the field of gold.We are now a kind of intermediary between gold refinery organisations being licensed to refine gold for export. Free forex robot indicator. As I am talking to you, we are involved in supplying produce like soya beans to big industries in Nigeria like Nestle Nigeria, Cadbury Nigeria and Flour Mills Nigeria.We are all out on both solid minerals and agriculture produces.For now, which of the commodities exchanges is working efficiently in Nigeria?
Commodity Brokers Call For Signing Of Warehouse Refunds..
None of the exchanges are working presently as expected.But the one that we believe will be able to work effectively is AFEX Commodities Exchange.Commodity exchange brokers have called for I thank the legislative arm of the government for all they have done to promote our bills from House of Representative to the Senate; they have agreed that there is a prospect in promoting the bills. Auto und oldtimerhandel greifswald. Manufacturers Association of Nigeria - MEMBER. 4. Hon. Altine Kajiji REP. Commodity Brokers Association of Nigeria - MEMBER. 5. Mr. Dennis Chukwu REP Federal Ministry of Finance - MEMBER. 6. Engr. Chwukwunwike O. Uzo REP. Federal Ministry of Power Works and Housing - MEMBER. 7. Mr. Alvon Ikoku REP.Welcome to commodity brokers association of nigeria blog Commodity Brokers Association of Nigeria CBAN is a body of professional individuals authorised to deal in commodities Posted 7th March 2016 by Health TreatmentThis is part of the implementation of the report of its Technical Committee on Commodities Trading Ecosystem. The Acting Director General of the SEC, Ms. Mary Uduk, stated this when a delegation of the Commodity Brokers Association of Nigeria CBAN led by its Registrar, Alhaji Saleh Kwaru, visited the Commission in Abuja.