Company Information

Get to know NIGERIA COMMODITY EXCHANGE (NCX)

Originally established as the Abuja Stock Exchange in 1998, the institution was converted into a commodity exchange in 2001 to create a modern, efficient, and transparent marketplace for Nigerian agricultural products. The NCX's mission is to stabilize commodity prices, reduce post-harvest losses, enhance food security, and improve the income and livelihoods of farmers. After a period of underperformance, the Exchange has been undergoing a strategic restructuring and recapitalization process led by the Central Bank of Nigeria (CBN) and other key stakeholders to revitalize its operations and impact on the agricultural sector.

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NIGERIA COMMODITY EXCHANGE (NCX)

Nigeria

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.