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Nigeria officially engages ECX

This article was originally published in The Public Ledger

NIGERIAN president Goodluck Jonathan and Eleni Gabre Madhin, chief executive of the Ethiopian Commodity Exchange (ECX), have signed a Memorandum of Understanding on how to establish a commodity exchange in Nigeria after the Ethiopian model. It stipulates that ECX would provide the assistance and the model for the Nigerian Commodity Exchange to be effective within at least a year’s time. Nigeria wants to replace operations at Abuja Securities and Commodity Exchange, which are not as modern as ECX’s.


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