CBN, NSIA to invest N50bn in Nigeria Commodity Exchange – www.cliptvonline.com~
Abraham AdaranijoJanuary 28, 20211 Mins read 
The Central Bank of Nigeria (CBN) and the Nigeria Sovereign Investment Authority (NSIA) are to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja.
The Governor of the CBN, Mr Godwin Emefiele, disclosed this at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange.
He said that the investment would be made through the Infrastructure Corporation (Infraco) in a push to make the exchange functional and halt the arbitrage of middlemen, under whom Nigerian farmers have suffered for decades.
Mr Emefiele also announced the approval of President Muhammadu Buhari to halt the on-going privatization of the Commodity Exchange, as the process was found to have become an obstacle to the repositioning of the organization.
Author
Related Articles
Attention is Currency: Verdant Roundtable Unpack the Business of Influence | ClipTV Online
Leading marketing and communications firm, Verdant Zeal Group Limited, hosted the 14th...
WSD: Unity Bank MD, Mr. Ebenezer Kolawole Tasks Youths On Savings Culture | ClipTV Online
The Managing Director/Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole,...
Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds, Reaffirms Support for Women Entrepreneurs | ClipTV Online
Tier One Lender, Fidelity Bank Plc, has commenced the disbursement of the...
Nigeria Mining Week to Celebrate Industry Journey of “Progress to Global Relevance” | ClipTV Online
The upcoming Nigeria Mining Week conference and expo will celebrate the country’s...
Leave a comment