LCFE registers 39 dealing member firms

Lagos Commodities and Futures Exchange (LCFE) has screened and registered 39 dealing member firms for trading in commodities electronic receipts as part of its growth and expansion strategy. The pan-African commodity Exchange in Nigeria has also set up market development committees for structured Commodities trading ecosystem.

In a statement by LCFE, the Head, Operations, Dr Allwell Umunnaehila, announced that the Exchange had registered 38 dealing member firms (DMFs) as its members. Allwell explained that stakeholders looking to raise capital for their operations could do so through listing financial contracts on the Exchange, saying the business operations include commodity aggregation, processing, logistics, cold chain and Infrastructure development. Corroborating him, the LCFE’s Managing Director, Akin Akeredolu- Ale mentioned additional milestones, including onboarding of new directors, critical stakeholders, establishment of a framework for publicly listed instruments, partnerships with key stakeholders, capacity building and regulatory advocacy. Akeredolu-Ale also noted that the DMFs could drive the commodities market through Advisory, marketing, trading, product generation, and advocacy. He affirmed that the Commodities Ecosystem was a huge market that needed to be explored. He also explained the steps the DMF would have to take to onboard new clients to the Exchange and develop the market.

Akeredolu-Ale inaugurated Commodity Development Committees to drive the development of the ecosystem. These Committees include Advocacy, Product Development/ and Liquidity, Minimum Operating Standard, Marketing and Technology. The Chief Executive Officers of the DMFs volunteered to spearhead the development of the ecosystem through these committees.




Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...




%d bloggers like this:
Fake Richard Mille Replica Watches, The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica