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…Begins repositioning process By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) and is to invest a fresh N50 billion in the Nigerian Commodity Exchange (NCX), Abuja. The Governor of the CBN, Mr. Godwin Emefiele, disclosed this , Thursday at the Inaugural Meeting of the Steering Committee, set up to reposition the exchange. He said that the investment would be made through the Infrastructure Corporation (Infraco) in collaboration with other investors such as the Nigeria Sovereign Wealth Authiority (NSIA) and the African Finance Corporation. The move according to the CBN boss was to make the exchange functional in order to halt the arbitrage by middlemen, under whom Nigerian farmers have suffered for decades.

Abuja federal capital territoryEmma ujahMuhammadu buhariGodwin emefieleCentral bankCommodity exchangeStock exchange onMinistry of commerceNigeria postal serviceMeeting of the steering committeeBudget national planningSteering committeeNigerian commodity exchangeAfrican finance corporationAbuja bureauAfrica finance corporation