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Date Commodities Location unit unit price
12/01/2023 SOYA BEANS BENUE KG 365
12/01/2023 PADDY RICE TARABA KG 315
12/01/2023 PADDY RICE KADUNA KG 325
12/01/2023 PADDY RICE NIGER KG 345
12/01/2023 PADDY RICE BENUE KG 350
12/01/2023 YELLOW MAIZE KWARA KG 310
12/01/2023 SORGUM YOBE KG 450
12/01/2023 SESAME SEEDS NASARAWA KG 1450
12/01/2023 GINGER (DRY) YOBE KG 470
12/01/2023 CASSAVA (DRY) BENUE KG 317
12/01/2023 PALM OIL NASARAWA LITRE 1200
12/01/2023 SHEA (DRY NUT) NIGER KG 320
12/01/2023 SHEA (BUTTER) NIGER KG 1300
Date Commodities Location unit unit price
12/01/2023 LITHIUM 4% Purity NASARAWA KG 750
12/01/2023 LITHIUM 5% Purity NASARAWA KG 900
12/01/2023 LITHIUM 6% Purity NASARAWA KG 1500
12/01/2023 LITHIUM 7% Purity NASARAWA KG 1800
12/01/2023 LEAD ORE 40% Purity PLATEAU KG 520
12/01/2023 LEAD ORE 50% Purity PLATEAU KG 600
12/01/2023 LEAD ORE 60% Purity PLATEAU KG 650
12/01/2023 FLORITE 70% Purity NASARAWA KG 70
12/01/2023 ZINC 30% Purity NASARAWA KG 300
12/01/2023 ZINC 40% Purity NASARAWA KG 400
12/01/2022 IRON ORE NASARAWA KG 70
12/01/2023 ILMENITE ORE NASARAWA KG 70
12/01/2023 Kunzite 5-6% Purity NASARAWA KG 1900
12/01/2023 EKO GOLD COIN LCFE GRAM 50000
12/01/2023 GOLD (XAU/USD) LBMA GRAM 77270

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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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