SEC and ministry to review commodity market



The Securities and Exchange Commission and the Ministry of Mines and Steel Development will hold a joint session with the aim of deepening the commodity trading ecosystem and attracting foreign exchange.

The webinar, on the theme “Capital Market Funding of the Solid Minerals Sector and the Critical Role of Commodity Exchanges”, will be held on Thursday (today), according to a statement.

According to the capital market regulator, the country is developing its solid minerals sector to diversify its economy and government revenue sources.

The SEC said, “This is in line with the 10-year capital market master plan (2015-2025) of the commission, which has as one of its main goals the development of a dynamic commodity trading ecosystem. raw. Targeted products include non-agricultural products such as products from mining activities.

“The ecosystem can foster inclusive mining prosperity by effectively mobilizing medium and long-term finance for strong mineral projects, linking commodities to industries, creating jobs, unlocking the economic potential of mining communities and , ultimately, by generating economic development, through better market access, transparency and price standardization.

“The webinar is open to mining companies, artisanal and small-scale miners, federal and state government officials, regulators, industry bodies, academics, asset managers, pension fund administrators, providers. legal and advisory services, to players in the capital market and the solid minerals sector.

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