LCFE – Lagos Commodities and Futures Exchange

Our Journey so far

  • Incorporation of Lagos Commodities and Futures Exchange
  • Approval in principle of license
  • Launch of LCFE HQ
  • Final approval of license
  • On-boarding of certification agents
  • MOU with ABCON
  • MOU with Agricultural Business Partners
  • On-boarding of 20 dealing member firms
  • On-boarding of the first settlement bank
  • SLA signing and integration with CSCS
  • On-boarding of collateral managers
  • MOU signing with NG clearing
  • SLA with NIBSS for interbank settlement
  • On-boarding second settlement bank
  • SEC approval of rules
  • On-boarding of 15 dealing member firms
  • SEC approval of 5 agricultural products
  • Engagement of advisers for ethical financial instruments
  • Warehouse accreditation
  • On-boarding of first Gold aggregator
  • SEC approval of Gold commodity
  • On-boarding of 2000 CIS members
  • SEC approval of 8 agricultural products
  • On-boarding of 2 dealing member firms
  • On-boarding of 6 approved aggregators
  • VPN connectivity with dealing member firms
  • On-boarding of financial advisers
  • ISO certification ongoing
  • Commencement of trades
  • On-boarding of floor traders