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Commodities Briefing - Categorized | Commodities Exchanges more

CBN, SEC, move to revive Abuja exchange

Posted on 30 May 2011

As part of the efforts to deepen the Nigerian capital market and widen its products offerings, the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) are championing the revival of the Abuja Securities and Commodities Exchange (ASCE).
The ASCE, which was established as the Abuja Stock Exchange, was converted to a commodity exchange to facilitate trade in commodities as opposed to shares and bonds. Although it commenced operations in 2006 as a commodity exchange trading in sorghum, maize, cowpea, Soya beans, sesame seeds and millets, it has not been as active as expected……………………………………….Full Article: Source


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