AFEX Commodities Exchange Limited has announced the listing of Cashew on its platform, in a bid to diversify available investment options and create more wealth.
This is according to a disclosure issued by AFEX today and seen by Nairametrics.
According to the notice, the addition will help to expand the list of existing commodities available at the exchange which include;
In addition, the Exchange notified the investing public that the new commodity will be made available on the exchange’s trading platform, ComX.
AFEX Commodities Exchange in the recent disclosure rationalized the need to list cashew on its platform. It hinged this on the lucrative nature of the commodity, noting that it has a lot of untapped potentials.
According to the disclosure, cashew exports in Nigeria are highly profitable, with a yearly export volume of over $167 million, and untapped yearly potential of over $115.8 million. Therefore, listing the commodity on the AFEX Exchange provides opportunities for investors to gain exposure to the commodity and maximize their returns on investment.