Post by Trade facilitator on Apr 18, 2021 20:14:10 GMT 1
Gezawa Commodity Market and Exchange Begins Second Quarter Operations In Kano State Nigeria.
The Nigeria Securities and Exchange Commission (SEC) has granted an operational Licence to The Gezawa Commodity Market and Exchange to commence operations in the country.
Remember that we brought you the information in January this year about the Gezawa Commodity Market and Exchange which was going to commence operations early in 2021.
Below is the excerpt:
“The N4.5bn Gezawa Commodity Market and Exchange venture located in Kano State Nigeria is promoted by current Accountant General of the federation, Idris Ahmed. The market is a private sector initiative, the first of its kind in Nigeria.
The market is being positioned to be the largest commercial one-stop hub for both domestic and export market for international standard agro-commodity in Nigeria. The market is integrated with a trading platform Gezawa Commodity Market & Exchange (GCMX), where agricultural commodities will be traded live 24/7”.
The project consultant, Mr. Binshang Binfa disclosed this when he received a delegation of Five Federal Agencies on inspection of the market in preparation for the take-off in the second quarter of this year.
He revealed to the visitors that the commodity market and Exchange will be operating in critical sectors of the economy: Solid Minerals, Agriculture, Oil and Gas, and Currencies.
The exchange stated emphatically that they are ready to commence operations; staff is being trained to man various positions on the exchange.
The consultant stated in clear terms that by the time the farmers will be harvesting in the next season, there will already be a market waiting for them to give them the kind of result they expect.
The General Coordinator of Nigeria Export Promotion Council (NEPC) North West, Mr. Tijani Jibril, exclaimed that he was so overwhelmed by the facilities on ground; that he is happy that this is happening in Kano State. He also said that they were there to see how they can support the successful operation of the project.
This is one of the best things to happen to the commodities market in Nigeria, we are beginning to witness positive changes coming into the country’s agro business.
We also brought to you a story early this month about another commodities exchange company AFEX, which just introduced Cashew into their trading platform.
This is the excerpt: “One of Nigeria’s foremost Commodities Exchanges, AFEX Commodities Exchange has added cashew to its platform in order to diversify investment options available to the investing public on its exchange”.
Please all the members of this forum that are interested in agro and allied commodities trading, you have to pay real attention to the unfolding events; commodities markets are opening up fast.
If you do not enter into the train now, when it leaves the station, it becomes too late. Don’t wait until this business model becomes too popular, then everybody must have keyed in and the competition becomes fierce.
Did you know that now that things are new and still trying to sit up, you will get the required attention you need. The market is not yet over crowded; you will be able to cut your own pie easily.
It is deliberate that we have been running a series of articles on commodities market and exchange; we want to let it sink into our brains that this is the next level of commodities trading.
The market is evolving fast. I don’t know how many of you checked with AFEX commodities exchange to see if the price of maize has reduced due to the introduction into that maize market of 50,000 metric tonnes of maize by the Federal Government.
How many of you checked to find out if actually cashew has been included in the platform of AFEX commodities exchange?
Go to AFEX COMX : comx.afexnigeria.com to confirm.
The Nigeria Securities and Exchange Commission (SEC) has granted an operational Licence to The Gezawa Commodity Market and Exchange to commence operations in the country.
Remember that we brought you the information in January this year about the Gezawa Commodity Market and Exchange which was going to commence operations early in 2021.
Below is the excerpt:
“The N4.5bn Gezawa Commodity Market and Exchange venture located in Kano State Nigeria is promoted by current Accountant General of the federation, Idris Ahmed. The market is a private sector initiative, the first of its kind in Nigeria.
The market is being positioned to be the largest commercial one-stop hub for both domestic and export market for international standard agro-commodity in Nigeria. The market is integrated with a trading platform Gezawa Commodity Market & Exchange (GCMX), where agricultural commodities will be traded live 24/7”.
The project consultant, Mr. Binshang Binfa disclosed this when he received a delegation of Five Federal Agencies on inspection of the market in preparation for the take-off in the second quarter of this year.
He revealed to the visitors that the commodity market and Exchange will be operating in critical sectors of the economy: Solid Minerals, Agriculture, Oil and Gas, and Currencies.
The exchange stated emphatically that they are ready to commence operations; staff is being trained to man various positions on the exchange.
The consultant stated in clear terms that by the time the farmers will be harvesting in the next season, there will already be a market waiting for them to give them the kind of result they expect.
The General Coordinator of Nigeria Export Promotion Council (NEPC) North West, Mr. Tijani Jibril, exclaimed that he was so overwhelmed by the facilities on ground; that he is happy that this is happening in Kano State. He also said that they were there to see how they can support the successful operation of the project.
This is one of the best things to happen to the commodities market in Nigeria, we are beginning to witness positive changes coming into the country’s agro business.
We also brought to you a story early this month about another commodities exchange company AFEX, which just introduced Cashew into their trading platform.
This is the excerpt: “One of Nigeria’s foremost Commodities Exchanges, AFEX Commodities Exchange has added cashew to its platform in order to diversify investment options available to the investing public on its exchange”.
Please all the members of this forum that are interested in agro and allied commodities trading, you have to pay real attention to the unfolding events; commodities markets are opening up fast.
If you do not enter into the train now, when it leaves the station, it becomes too late. Don’t wait until this business model becomes too popular, then everybody must have keyed in and the competition becomes fierce.
Did you know that now that things are new and still trying to sit up, you will get the required attention you need. The market is not yet over crowded; you will be able to cut your own pie easily.
It is deliberate that we have been running a series of articles on commodities market and exchange; we want to let it sink into our brains that this is the next level of commodities trading.
The market is evolving fast. I don’t know how many of you checked with AFEX commodities exchange to see if the price of maize has reduced due to the introduction into that maize market of 50,000 metric tonnes of maize by the Federal Government.
How many of you checked to find out if actually cashew has been included in the platform of AFEX commodities exchange?
Go to AFEX COMX : comx.afexnigeria.com to confirm.
