Nigeria Commodity Exchange (NCX)
Nigeria Commodity Exchange (NCX) is a commodity trading company in Abuja, Nigeria trading Grains. View company details on the Trados directory.
- Location: Abuja, Nigeria
- Commodities: Grains
- Website: https://ncx.com.ng/
- Verification status: Listed, unclaimed
About Nigeria Commodity Exchange (NCX)
The Nigeria Commodity Exchange (NCX) is a structured marketplace for agricultural commodities and extractive resources, operating under the Ministry of Industry, Trade and Investment. It is licensed by the Securities & Exchange Commission (SEC) and serves as both an ecosystem facilitator and an active participant in Nigeria's commodity trading sector. The NCX aims to promote sustainable economic growth and strengthen Nigeria's transition to a non-oil, trade-driven economy. The exchange offers a range of services to enhance transparency and efficiency in commodity trading. It operates an electronic trading platform where accredited commodity brokers facilitate trades. The NCX also provides price discovery, clearing and settlement services, quality assurance through grading systems, and storage and logistics management for primary crops. Additionally, it offers risk management tools to help participants navigate price volatility. The NCX lists various commodities, including agricultural products, solid minerals, and energy resources, supporting both domestic and export markets.