AFEX and the Pension Fund Operators Association of Nigeria (PenOp) have concluded plans to expand market participation in the commodities sector by driving pension fund investments.

AFEX has predicted that energy prices will drop by five per cent in 2024 and then further decrease by 0.7 per cent in 2025, while agriculture commodities are projected to decrease by two per cent in 2024 and three per cent in 2025.

In its effort to achieve the African Continental Free Trade Agreement (AFCFTA) objective of improving trade in the continent, AFEX Nigeria has launched Africa Exchange, a digital platform for trading commodities to promote fair market prices, increase food production and help farmers earn more.

Afex, in its 2023 Crop Projection Report, has projected higher prices of commodities in the 2023/2024 season for Nigeria The reason for the high prices across all commodities, according to the report, is due to the general decline in production coupled with increasing demand for commodities for consumption, processing and exports. The report released by…

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, had announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya and Uganda and serves over 450,000 farmers.

As food prices continue to surge, as witnessed this year, food security challenges will continue to persist, further reducing African continent’s capacity to achieve zero hunger by 2030.

A Fresh call has been made on the need for streamlined trade, harmonised standards and improved infrastructure in African agriculture to foster food security across the continent. President, Rest of Africa at AFEX, Sanne Steemers, who disclosed this, lamented that Africa lacks essential infrastructure for inter-continental trade, which is hindering the achievement of robust food…

A repeat of the 2022 devastating flooding that led to the death of over 600 people and the destruction of farmlands and properties stares down Nigeria in the face as neighbour Cameroon opens the floodgate of its Lagdo dam that threatens to expose the flaws in the food value chain of Africa’s biggest economy. Located…

Nigeria’s commodities player, AFEX, and Ghana Commodities Exchange (GCX) have partnered to strengthen the commodity-trading ecosystem across both countries.

Private commodities exchange in Nigeria, AFEX, hosted the first edition of its CEO Breakfast on July 13, with the theme: “Mapping the Future: Unlocking Value in the Commodities Market.”