Lagos Commodities and Futures Exchange
Lagos, Nigeria
Abbreviation
LCFE
Location
Lagos, Nigeria
Region
Africa
Product Types
Agricultural, Oil and Gas, Currencies, Solid Minerals
About Lagos Commodities and Futures Exchange
The Lagos Commodities and Futures Exchange (LCFE) is a Nigerian commodity futures exchange licensed by the Securities and Exchange Commission (SEC Nigeria). Based in Lagos, Nigeria's commercial capital and Africa's largest metropolitan economy, LCFE is designed to provide price discovery and risk-management instruments for Nigeria's key commodity sectors including agricultural products, crude oil and natural gas, currencies, and solid minerals. Nigeria is Africa's largest oil producer and a significant agricultural economy, and LCFE represents an important step in developing formal commodity derivatives infrastructure in West Africa.
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