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AFEX COMMODITIES EXCHANGE
A Federal High Court sitting in Lagos has ordered Guaranty Trust Bank (GTB) to temporarily seize the assets of Afex Commodities Exchange over a N17.808 billion outstanding debt associated with the much-talked-about Anchor Borrowers Programme of the Central Bank of Nigeria (CBN).
The Lagos Commodities and Futures Exchange aims to start trading crude oil and gas on its exchange.
The $50 million Agri-SMEs fund is expected to bridge the funding gap between lenders and borrowers in the agric sector.
AFEX has stated that the significant attention being received by the agricultural sector is driven by public, private and development investments.