Naija! Big news don drop for the gold sector as Kian Smith FZE don prepare to list over N21 billion worth of gold bars for Lagos Commodities and Futures Exchange (LCFE). This na wetin we call ‘big wahala’ for market as dem dey set to change the game.
During wetin dem call joint interview, Akin Akeredolu-Ale, wey be the MD/CEO of LCFE, come spill say SEC don approve make Kian Smith carry their 1kg LBMA Gold bars come trade for dem. E stress say this transaction no be small chop; e require plenty work and commitment. Na im make am respect all dem stakeholders for SEC, especially Emomotimi Agama, the director-general.
Dis Kian Smith gold listing na di first gold transaction for LCFE, and e go show the whole capital market say gold sector get plenty opportunities wey people fit chop. Akeredolu-Ale talk say dis move go help Nigeria meet di $1 trillion economy goal wey President Bola Tinubu dey aim for. Na serious matter o!
Nere Emiko, wey be Kian Smith MD/CEO, don come clear say dem go bring 1kg LBMA Gold bars wey don pass through standard certification to de market. Di initial offer go reach 100kg, wey na more than N21 billion. Wetin Emiko talk be say dem wan test how Nigerian market go react to structured gold trading and dem go bring more gold contracts later.
Investors fit even buy as low as 100g from di 1kg bars, and nobody worry, all di protocols to manage risk don set. Each gold bar dey insured and dey stay for secure vault wey highly professional custodians dey manage. Na serious plan dem get o, as gold dey show fine upward trend for value.
Back in 2000, an ounce of gold na $1,800, and by early 2024, e don jump to $3,200. Now, e dey trade for about $4,450, and forecast dey show say by 2026, e fit reach $5,000 or even $6,000 per ounce. Emiko dey encourage investors make dem enter dis gold space well well!
Yemisi Edun, wey dey run FCMB, come add mouth say dis transaction na new level for Nigerian capital market. Di synergy between Kian Smith, LCFE, and FCMB fit create beta plans for di future of commodities trading. FCMB dey ready to be di main crossover for investors wey wan diversify into solid minerals contracts. Na big play!
Patrick Ajayi from WCM Capital talk say gold na old store of value, and e dey vital for investors to include gold for dia portfolio for stability. E wan make sure everybody understand di risk management dem put for di gold contracts before dem enter market. Each gold bar dey sealed, and di quality no get wahala.
So, make everybody dey watch out, as dis Kian Smith gold listing fit change how we dey handle gold investment for Naija. Investors, time to shine!
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