SEC Clears N23.4bn Eko Rice Contracts for Listing on LCFE - Boost for Nigerian Commodity Market

The Securities and Exchange Commission (SEC) has approved the listing of N23.4 billion Eko Rice contracts on the Lagos Commodities Futures Exchange (LCFE). This significant milestone marks a major step towards building a transparent and globally competitive commodity market in Nigeria.

The listing of Eko Rice Classic Spots Contracts is expected to set a new benchmark for commodity trading and agricultural financing in the country. Akin, the Managing Director and CEO of LCFE, emphasized the importance of this listing in enhancing agricultural trade and promoting food security in Nigeria by encouraging local production and investment in the agricultural sector.