Tag: AFEX Commodities Exchange
COVID-19: How the pandemic has impacted Nigerian commodities
The World Bank says the global agricultural markets have been less affected so far by the pandemic than industrial commodities. Prices of the main food commodities have declined by about 9 per cent since January. But disruptions to trade, distribution and supply chain raises concerns for food security. Nigeria recently gave four companies an emergency approval to import maize. Akinyinka Akintunde, Vice President; Financial Markets at AFEX Commodities Exchange joins CNBC Africa for more.
Nigeria halts access to forex for maize imports
In a move to stimulate local production of maize, the Central Bank of Nigeria has issued a directive to lenders to immediately stop processing Form M documents for the importation of maize into the country. Ayodeji Balogun, CEO of Afex Commodities Exchange joins CNBC Africa for more.
AFEX: COVID-19 could present shocks to production & consumption
AFEX Commodities Exchange says the outlook of the impact of the COVID-19 outbreak on the commodities market is two-faced, with a possibility of simultaneous shocks to production and consumption.
Why Nigeria’s food inflation is increasing drastically
Nigeria’s headline inflation witnessed another uptick in November to 11.85, while food inflation rose to 14.48 per cent as the country continues to grapple with the impact of the closed land borders. Ayodeji Balogun, Country Manager for Afex Commodities Exchange joins CNBC Africa for more.
Economic performance of Nigeria’s agricultural industry
Economic performance of Nigeria’s agricultural industry
AFEX’s Ayodeji Balogun speaks out after warehouse raid
AFEX's Ayodeji Balogun speaks out after warehouse raid
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