Nigeria Central Bank to Start Commodity Exchange in 90 Days
- Plans to invest 50 billion naira in exchange with partners
- Investment in the exchange is to help stabilize food prices
The Central Bank of Nigeria headquarters in Abuja.
Photographer: KC Nwakalor/BloombergThis article is for subscribers only.
The Central Bank of Nigeria plans to obtain all the necessary approvals required to start the operations of a proposed commodities exchange within the next 90 days, Governor Godwin Emefiele said on Thursday.
“In the next 90 days we should be able to really begin the first launch and this will involve approvals on repositioning, restructuring, setting up bureaus, board structures, board committees, governance committees,” Emefiele said at a briefing in Abuja, the nation’s capital.