Ethiopia Commodity Exchange Signs MoU with Nigeria
The Chief Executive Officer of the Ethiopia Commodity Exchange, Eleni Z. Gabremadhin (Dr.) signed a Memorandum of Understanding with the Nigerian President Goodluck Johnathan to set up a commodity exchange in Nigeria according to the model of the ECX.
The MoU signed at the ECX office states that the Exchange will provide the assistance and the model for the Nigerian Commodity Exchange to be operational in one year.
Nigeria already has a commodity and stock exchange markets in place although the commodity exchange is not as modern as the ECX. The Nigerian President is seeking to replace the Abuja Securities and Commodity Exchange plc with an Exchange that is driven by technology.
Add a comment Add a comment