The Securities and Exchange Commission (SEC) has held discussions with the National Insurance Commission(NAICOM) towards de-risking and insuring certain commodity assets in a bid to attract more investments within the space, particularly, from the pensions industry.
This, it said, was part of measures to deepen the commodities ecosystem in the country.
The director-general of SEC, Lamido Yuguda, stated this while addressing journalists shortly after the second Capital Market Committee (CMC) meeting.
According to Yuguda, a technical committee was constituted comprising representatives of the Commission, Standards Organisation of Nigeria (SON), AFEX, Lagos Commodities & Futures Exchange (LCFE) and Nigerian Commodities Exchange (NCX) to deliver agro-based standards within three months.
To develop an effective price discovery mechanism for the commodities ecosystem, he said, his commission has equally solicited the support of the National Bureau…