The Lagos Commodities and Futures Exchange has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.Fagbemi said the instruments which would be in the form of Exchange Traded Notes, Commercial Papers and other gold-backed securities would enable the company to deepen the commodities market in Nigeria.
He noted that the crude oil and the cocoa market would have had a better outing if there were strategies put in place to regulate it right from inception. “We are proud to be the first gold company whose products would be listed on the Lagos Futures and Commodities Exchange. He explained that gold-backed security was a hedge against inflation and convenient preservation of capital.“As a global player, we comply with the practices and procedures of London Bullion Market Association and many other international bodies.
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