Nigeria to Introduce New Products to Commodity Exchange Market

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Enterprise Television- Nigeria to Introduce New Products to Commodity Exchange Market

The Federal Government will soon introduce new products into the Nigeria Commodity Exchange market as part of efforts to boost non-oil exports.

The Managing Director, Nigeria Commodity Exchange, Mrs. Zaheera Baba-Ari, who said this on Monday, noted that the new products would comprise of various contracts in the solid minerals sector.

However the Head, Corperate Communication of the Exchange, Mr Chris Echikwu stated that the products were being developed with the support of solid minerals producing states in Nigeria.

The Nigeria Commodity Exchange is to collaborate with the Federal Ministry of Mines and Steel Development to introduce new products aimed at boosting the nation’s non-oil sector export earnings.

Zaheera pointed out that the move would improve the marketing of artisanal mining products, leading to improved income for operators as well as revenue collection by government agencies at the local, state and federal levels.