The Securities and Exchange Commission, or SEC, aims to offer a forum for a select group of players in the capital market, the commodities trading ecosystem, and other relevant industry members can interact with mining companies to discuss opportunities for obtaining long-term financing on the Nigerian capital market.
The scheduled forum, according to a statement released by the Commission on Tuesday, is a component of efforts to implement the capital market master plan and create a healthy ecosystem for commodities trading over the coming years.
The master plan identifies commodities exchanges as being essential for facilitating investment diversification, risk management, price discovery, and transactional efficiency, according to the SEC.
The Securities and Exchange Commission (SEC) has scheduled a workshop titled “Financing the Solid Minerals Sector through the Capital Market and the Critical Role of the Commodities Exchanges” to take place on July 27 and 28, 2023, at the SEC’s Lagos Zonal Office 3, Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos.
The Commission stated that the purpose of the workshop is to inform players about the roles played by the mining industry and how it might allow players from the solid minerals extractive industry to participate in the ecosystem of commodities trading. The workshop is being organised in partnership with the Federal Ministry of Mines and Steel Development.
Selected Mining Companies in Nigeria are the targeted target audience.
Mr Lamido Yuguda, Director General of the Securities and Exchange Commission, has stated that commodity exchanges would create employment and help economic growth, among other benefits, and that such exchanges are vital to enable investment diversification, risk management, price discovery, and transactional efficiency.
cc: Daily Post Ng
