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Market status:
   Eko Gold   ₦82,000      Paddy Rice   ₦600,000      Soya Beans   ₦620,000      White Maize   ₦600,000      YELLOW MAIZE   ₦450,000      SESAME SEEDS   ₦1,800,000      CASSAVA (DRY)   ₦420,000      SHEA (DRY NUT)   ₦295,000      SHEA (BUTTER)   ₦1,800,000      GINGER (DRY)   ₦5,000,000      SORGUM   ₦545,000      PALM OIL   ₦40,000      LITHIUM 4%-5%-6%-7% Purity   ₦2,200      LEAD ORE 40%-50%- 60% Purity   ₦1,050      ZINC 30%-40% Purity   ₦570,650      FLORITE 70% Purity   ₦300      IRON ORE   ₦170      ILMENITE ORE   ₦170      GOLD(XAU/USD)   ₦68,572  

market watch

Date Commodities Location unit unit price
4/19/2024 SOYA BEANS KADUNA TON 620000
4/19/2024 SOYA BEANS NASARAWA TON 610000
4/19/2024 SOYA BEANS NIGER TON 645000
4/19/2024 PADDY RICE NIGER TON 580000
4/19/2024 PADDY RICE BENUE TON 600000
4/19/2024 PADDY RICE NASARAWA TON 575000
4/19/2024 YELLOW MAIZE KADUNA TON 450000
4/19/2024 WHITE MAIZE KADUNA TON 600000
4/19/2024 SESAME SEEDS NASARAWA TON 1600000
4/19/2024 CASSAVA (DRY) NASARAWA TON 420000
4/19/2024 SHEA (DRY NUT) NIGER TON 295000
4/19/2024 SHEA (BUTTER) NIGER TON 1800000
4/19/2024 GINGER (DRY) KADUNA TON 5000000
4/19/2024 SORGUM BENUE TON 545000
4/19/2024 SORGUM NIGER TON 475000
4/19/2024 PALM OIL NASARAWA 25 LITRE 35000
Date Commodities Location unit unit price
4/19/2024 LITHIUM 4%-5%-6%-7% Purity TON 2200
4/19/2024 LEAD ORE 40%-50%- 60% Purity TON 1050
4/19/2024 FLORITE 70% Purity TON 300
4/19/2024 ZINC 30%-40% Purity TON 570650
4/19/2024 IRON ORE TON 170
4/19/2024 ILMENITE ORE TON 170
4/19/2024 Kunzite 5-6% Purity TON 3000
4/19/2024 EKO GOLD COIN LCFE GRAM 65000
4/19/2024 GOLD(XAU/USD) LBMA GRAM 66.90

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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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