BREAKING NEWS, Business
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INTL FCStone Inc. Seminar on Commodity Price Risk Management in Nigeria will be opened by Mounir Gwarzo, director general of the Securities and Exchange Commission
INTL FCStone Inc., a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that Mounir Gwarzo, director general of the Securities and Exchange Commission in Nigeria will deliver the keynote address at the Commodity Trading and Risk Management Seminar on April 19-20, 2016 at the Transcorp Hilton, Abuja, Nigeria. The seminar is being run by its London-based subsidiary, INTL FCStone Ltd, in partnership with AFEX Commodities Exchange Limited (AFEX).
Nigeria is richly endowed with agricultural resources that have been underexploited. Fifty years ago it was the world’s leading exporter of palm oil and peanuts, and it has the potential both to recover these markets and to become a major producer of other products that could either be exported or consumed locally to cut food import costs. To realize the potential of its agricultural resources, Nigeria needs modern and efficient markets in which processors and exporters can access produce and smallholder producers can access fair prices and secure loan finance so they can invest and modernise production.
INTL FCStone and AFEX are bringing together a team of leading practitioners in the world’s major commodity markets and capacity-building specialists with experience in African financial markets to run a unique seminar focusing on building skills in commodity trading and hedging and risk management. “The focus and interest in developing Nigeria’s agriculture sector has never been higher so now is the right time to run this seminar and support everyone in trying to build a modern and efficient market for agricultural produce” states Stuart Ponder, INTL FCStone’s Senior Vice President for Africa.
The participants in the seminar will gain insight into how a structured commodity market works and how a commodity exchange can support the development and progress of Nigeria’s agriculture and non-oil export sectors.
— Apr 19, 2016 @ 13:50 GMT
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