• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Investments Bill, Game Changer For Commodities Ecosystem’

by Olushola Bello
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Managing director of Lagos Commodities and Futures Exchange (LCFE), Mr. Akin Akeredolu-Ale, has described the Investments and Securities Bill as a game changer that is capable of enabling the commodities trading ecosystem to diversify the economy and provide the nation with foreign exchange.

Advertisement

Akeredolu-Ale stated this, while speaking  on the Investments and Securities Bill which was recently passed by the House of representatives.

He stated that Nigeria is a commodities country as a better part of the GDP by way of production comes from the commodities ecosystem and urged that Senate to ensure swift concurrence on the Bill. 

“We need that concurrence by the Senate as quickly as possible. I am very happy that the NASS has taken it upon themselves as well as the SEC to push this bill. That bill is a game changer for the Commodities Ecosystem, and also a game changer for Nigeria as a commodities country. 

“For now, a lot of commodities being traded is still in the informal sector, the bill would create structure and all the leakages from taxation and revenue will be taken care of by this bill.

RELATED

Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

17 hours ago
Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

17 hours ago
ADVERTISEMENT

“The major things about the commodities ecosystem is the fact that we are looking inwards in Nigeria now. 

of the impact of the policies that the CBN had done last year by way of supporting the agriculture space are paying off now in the maize, wheat and rice space among others. And for us at the LFCE, we have also looked at the part of commodities that has to do with solid mineral which is the gold space. 

“In Nigeria we have over 58 different solid minerals that are sought for all over the world, we have not touched platinum or lithium which is the major component for batteries and electric cars. These are the kinds of commodities that by the time the bill is passed, we would be able to have proper structure and attract foreign investors,” he pointed out. 

ADVERTISEMENT

He disclosed that, in a bid to further deepen the Commodities Trading Ecosystem in Nigeria, the Securities and Exchange Commission (SEC) has approved 13 products for trading on the Lagos Futures and Commodities Exchange.

Akeredolu-Ale stated that, the Exchange has capacity to trade electronic receipts of oil and gas, agriculture, solid minerals, derivatives and currencies adding that, the Exchange has also put in place necessary infrastructure to trade in derivatives as hedging instruments for investors. 

He restated the compelling need for the federal government to unlock the potentials of the Nigerian commodity ecosystem through the concurrence of the Investments and Securities Bill by the Senate, stating that, at the minimum, it will enhance the competitiveness of commodities exchanges in Nigeria.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10167Tweet6355Share
ADVERTISEMENT
Previous Post

Federal Health Sciences Varsity Azare Matriculates 760 Pioneer Students

Next Post

Over 8 Countries To Attend 34th Enugu Trade Fair

Olushola Bello

Olushola Bello

You May Like

Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Dangote Cement Records Impressive Topline Growth, Sustains Profitability
Business

Dangote Cement Urges Multi-sector Collaboration To Combat Youth Unemployment

2025/08/27
Leadership Conference advertisement

LATEST

Nathaniel Bassey’s ‘Halleluyah Challenge’ Goes To Kirikiri Prison

Bayern Defeat Wiesbaden 3-2 In Dramatic German Cup Clash

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

Tinubu Departs Brazil En Route Abuja

Tennis Scoring System

JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.