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…

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