Kano — Commodity Brokers Association of Nigeria (CBAN) has said that based on the analysis of the economic performance of the country in 2012 that gave the Gross Domestic Product (GDP) as approximately N47.55 trillion and the benchmark of 38.4 percent of GDP to agriculture in the 2013 budget, the commodities market can be valued at N18.26 trillion.
This, it also said, clearly indicates that by market capitalization, the agro-commodities market is larger than the Nigerian Stock Exchange.
Speaking during a stakeholders meeting in collaboration with the Abuja Securities and Commodity Exchange (ASCE) in Kano, the newly elected President of CBAN, Altine Shehu Kajiji, said with market capitalization of N11.77 trillion as at May 21, 2013, agro-commodities market is larger than the Nigerian Stock Exchange
0 comments:
Post a Comment