SEC,Ministry Hold Web Confab  On Commodities Trading  Ecosystem 

The Securities and Exchange Commission is set to hold a webinar in conjunction with the Federal Ministry of Mines andSteel Development as part of its commitments to boost  the commodities trading ecosystem and attract more foreign exchange to the country,

The webinar with the theme, “Financing the Solid Minerals Sector through the Capital Market and the Critical Role of Commodity Exchanges” will hold on Thursday July 15,2021 .

The SEC noted that Nigeria is currently developing its solid minerals sector to diversify its economy and Government’s revenue sources.

This is in line with the commission’s decade Capital Market Master Plan (2015-2025) which has as one of its major goals, the development of a vibrant Commodities Trading Ecosystem. Targeted commodities include non-agriculture commodities such as products of mining activities.

The agency said the ecosystem can foster inclusive mining prosperity by efficiently mobilizing medium to long term funding for solid minerals projects, linking commodities to industries, creating jobs, unlocking the economic potentials of mining communities, and ultimately engendering economic development, through better access to market, price transparency and standardization.

“The webinar is open to mining companies, artisanal and small-scale mining operators, Federal and State Government officials, regulators, industry bodies, academics, asset managers, pension fund administrators, legal and advisory service providers, stakeholders in the capital market and the solid minerals sector” the SEC added.