Nigeria’s commodities market has received a major lift as Kian Smith FZE plans to list gold bars worth over ₦21 billion on the Lagos Commodities and Futures Exchange (LCFE). The move signals rising confidence in structured commodities trading and Nigeria’s capacity to host globally compliant precious metal instruments.
The listing will commence with 100 kilogrammes of gold, divided into one-kilogramme London Bullion Market Association-certified bars. Notably, the gold will be tradable in fractions as small as 100 grams, expanding access to both retail and institutional investors.
Each bar will be insured, independently verified and securely stored, addressing long-standing concerns around authenticity, custody and risk. Market analysts note that listing gold on a regulated exchange enhances transparency, price discovery and investor protection.
With gold prices maintaining a strong upward trend globally, the initiative positions gold less as a speculative asset and more as a hedge against inflation and currency volatility. Observers believe the listing could open doors for other solid minerals on Nigeria’s commodities exchanges.
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