LCFE, Shareholders Dialogue on Strategic Initiatives
Kayode Tokede
The board of a pan African Commodities Exchange, Lagos Commodities and Futures Exchange (LCFE) and the exchange’s shareholders, have exchanged ideas on some of the strategic achievements of the Exchange and the way forward to enhance its contributions to the growth and development of the Nigerian economy.
The Managing Director and Chief Executive Officer of LCFE, Akin Akeredolu-Ale, who briefed the Exchange’s Shareholders during an interactive session in Lagos at the weekend, explained many initiatives that the Exchange had implemented, including signing of Memorandum of Understanding (MoU) and trading of some asset classes to unlock full potentials and enhance its ability to contribute to the growth of the Nigerian economy.
“The Exchange is proud to have played a pivotal role in during the review of Investment and Securities Act (ISA) 2025, hence, dedicated section on commodities in the new Act stands as a testament to the contributions of the Lagos Commodities and Futures Exchange (LCFE),” he said.
In his welcome address, the LCFE’s Chairman, Chief Onyenwenchukwu Ezeagu, commended the Shareholders for their unwavering commitment to the shared vision of the Exchange.
“Your presence here today reflects your unwavering commitment to our shared vision, and it is a privilege to have you with us. This meeting is a strategic initiative aimed at fostering a deeper relationship between LCFE and its shareholders. As we embark on this journey together, our primary objective is to provide you with a clear understanding of LCFE’s strategic direction.
“We are committed to transparency and accountability, ensuring that you are well-informed about LCFE achievements, milestones, and ongoing projects. This meeting serves as an opportunity to update you on the Exchange’s achievements, key milestones, and ongoing projects that continue to position LCFE as a dynamic force in the Commodities and Futures market ecosystem, both locally and internationally,” he stated.
