Nigeria’s commodities market set to list first gold asset

Economic news

The Lagos Commodities and Futures Exchange, the 1st commodities exchange to be licenced to trade gold in Nigeria by the Securities and Exchange Commission, is set to admit Dukia Gold‘s diversified financial instruments backed by gold as the underlying assets in a sector worth over N300 trillion. As a prelude to the listing, Dukia Gold explained that the instruments which would be in form of exchange-traded notes, commercial papers and other gold-backed securities would enable the company to deepen the commodities market in Nigeria, increase capacity, generate foreign exchanges, and create massive employment across the metal production value chain.

Source: Guardian Nigeria

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