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market watch

Date Commodities Location unit unit price
19/5/2023 SOYA BEANS KADUNA KG 350
19/5/2023 PADDY RICE NASARAWA KG 300
19/5/2023 YELLOW MAIZE KADUNA KG 250
19/5/2023 SORGUM YOBE KG 400
19/5/2023 SESAME SEEDS YOBE KG 900
19/5/2023 GINGER (DRY) KADUNA KG 760
19/5/2023 CASSAVA (DRY) BENUE kG 100
19/5/2023 PALM OIL NASARAWA Litre 1400
19/5/2023 SHEA (DRY NUT) NIGER KG 325
19/5/2023 SHEA (BUTTER) NIGER KG 1270
Date Commodities Location unit unit price
19/5/2023 LITHIUM 4% Purity NASARAWA TON 750000
19/5/2023 LITHIUM 5%Purity NASARAWA TON 900000
19/5/2023 LITHIUM 6% Purity NASARAWA TON 1500000
19/5/2023 LITHIUM 7% Purity NASARAWA TON 1800000
19/5/2023 LEAD ORE 40% Purity NASARAWA TON 350000
19/5/2023 LEAD ORE 50% Purity NASARAWA TON 500000
19/5/2023 LEAD ORE 65% Purity NASARAWA TON 550000
19/5/2023 LEAD ORE 70% Purity NASARAWA TON 640000
19/5/2023 FLORITE 70% NASARAWA TON 42000
19/5/2023 FLORITE 90% NASARAWA TON 45000
19/5/2023 ZINC 30% PURITY NASARAWA TON 300000
19/5/2023 ZINC 40% PURITY NASARAWA TON 400000
19/5/2023 IRON ORE NASARAWA TON 70000
19/5/2023 ILMENITE ORE NASARAWA TON 70000
19/5/2023 Kunzite 5-6% Purity NASARAWA TON 1800000
19/5/2023 EKO GOLD COIN LCFE Grams 46500

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trading at lcfe

Sell Commodities

1
SELECT A DMF
Identify an LCFE accredited dealing member firm (DMF) of choice and open a client account with them
2
APPLICATION FOR ONBOARDING ON LCFE
Your chosen DMF will collate your company’s documents and apply for onboarding on LCFE. If you own your warehouse your DMF will apply for onboarding of your warehouse
3
TRADING ACCOUNT
Upon approval by LCFE, your DMF will open a CSCS/trading account on your behalf. This account will be linked to your warehouse
4
WAREHOUSE DEPOSIT
You deliver approved commodities to the registered warehouse which will reflect automatically at the exchange
5
MANDATE INSTRUCTION
You give a mandate/instruction to your DMF to sell your commodity at chosen price and quantity. Your broker sells on your behalf to another client through their broker on the exchange
6
SETTLEMENT
Once the transaction has been concluded on the exchange your account will be credited in 3 days and the buyer can pick up their commodities from the warehouse

Buy Commodities

1

Identify an LCFE accredited dealing member firm (DMF) of choice and open a client account with them

2

Dmf will open a cscs/trading account on your behalf.

3

You give a mandate/instruction to your DMF to buy commodities on your behalf at your chosen price, quality and quantity. You deposit the total value of the commodity you want to buy in your brokers trading bank account

4

Your broker buys on your behalf from another client through their broker on the exchange

5

Once the transaction has been concluded on the exchange your money will be moved from your broker’s bank account to the seller’s account

6

The seller’s Commodities now belong to you. You can now pick up your commodity at the storage facility or choose to resell on the exchange for a profit

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