Logo of the NCX

The Nigeria Commodities Exchange (NCX) is (besides the Nigerian Stock Exchange) one of two principal stock exchanges in Nigeria. It is located in Abuja, the country's capital, and it was founded in 1998.

History

The NCX is primarily involved with the trading of commodities such as maize, sorghum and millet, as opposed to trading in securities such as bonds and company stock.

The Nigeria Commodity Exchange has concluded plans to set up a market information system for 12 commodity markets in the country. The Managing Director, NCX, Mrs. Zaheera Babaari said that within the next few months, the market information systems for the 12 major markets would be replicated in the 36 states and this would enable people get information about commodities prices as well as production of agricultural produce.[1]

See also

References

  1. ↑ "Securities and Commodity Exchange to establish". Securities and Commodity Exchange to establish. Retrieved 2020-12-20.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.