A Memorandum of Understanding (MoU) was signed between GBOT (now BOURSE AFRICA) and Association of Nigerian Exporters(ANE) during “African Echoes”, the annual flagship conference held on 16th of October 2010. Under the MoU, ANE is to introduce the Exchange to financial associations, trade & investment associations, banks, market makers, clearing companies, finance & economy teams, fund houses, traders, exporters and government representatives in Nigeria.
That would enable the Exchange to offer its exchange platform to the Nigerian Financial Market and offer the members of ANE the opportunity to hedge their risks through trading on commodities and currency derivatives.
As a follow up ANE facilitated the visit of the Mauritius Exchange’s top level delegation of three, including the then CEO to Nigeria for meetings with the Nigerian Central Bank Governor, the CEO of Abuja Securities & Commodity Exchange, DG of Security &Exchange Commission, and MD of NEPZA. The delegation had a stakeholders forum with members of the Market Dealers Association of Nigeria in their Secretariat in Victoria Island, Lagos, also attended by reps of seventeen money deposit banks.
BOURSE AFRICA Commodity Exchange ( formally Global Board Of Trade Ltd. (GBOT) is the first international multi-asset class exchange from Mauritius offering a basket of commodity derivative products including metals, energy, agri-soft, as well as currency derivative products. GBOT will commence trading on its state-of-the-art electronic exchange platform with efficient clearing and settlement systems to ensure counterparty guarantee for all trades.
