Tag: Commodity
Commodity: meaning, types, benefits, risks and more
Commodities are essential resources that are traded in the global market. They can be natural resources such as oil, gas, and metals or agricultural products like wheat, coffee, and sugar. The price of commodities fluctuates based on supply and demand, making them an attractive investment option for traders and investors. Understanding the concept of commodities …
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Nigeria Commodity Exchange: purpose, function, power and more
Nigeria, being one of the most populous and resource-rich countries in Africa, has a significant impact on global commodity trade. In 1998, the Nigerian government established the Nigeria Commodity Exchange (NCX) to enhance the country’s trading activities and ensure price stability. Over the years, NCX has become a critical institution in Nigeria’s commodity market, facilitating …
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