Listing of ₦23.4 Billion Eko Rice Classic SPOT CONTRACT on LCFE
The Nigerian commodities market just reached an exciting milestone as ₦23.4 billion worth of Eko Rice Classic Spot Contracts were officially listed on the Lagos Commodities and Futures Exchange (LCFE). This listing not only signals a new era for rice trading in Nigeria but also represents another bold step toward strengthening food security and building a structured commodities ecosystem.
What is Eko Rice Classic?
Eko Rice Classic is a premium-grade rice product processed at the state-of-the-art Imota Rice Mill in Lagos — the largest rice mill in Africa, with a capacity of 32 metric tonnes per hour. Known for its purity (<2% impurity) and optimal moisture content (14%), Eko Rice Classic is positioned to compete with imported brands while being proudly homegrown.
But Eko Rice Classic is more than just rice for consumption. With this LCFE listing, it has become a tradable commodity contract — opening new doors for investors, traders, and institutions.
About the LCFE Listing
The LCFE is Nigeria’s leading platform for commodities trading, covering agriculture, oil & gas, solid minerals, and currencies. By listing Eko Rice Classic Spot Contracts worth ₦23.4 billion, the Exchange is:
- Formalizing rice as an investment-grade commodity
- Improving price discovery for rice by ensuring transparency
- Creating liquidity in Nigeria’s agricultural value chain
- Attracting investment to support farmers, processors, and distributors
With this, rice moves from just being food on our tables to an asset class in portfolios.
Benefits of the Eko Rice Classic Listing
- For Investors: Provides a new opportunity to diversify into agricultural commodities, hedge against inflation, and participate in Nigeria’s food security story.
- For Farmers & Processors: Ensures stable demand, better pricing, and access to funding backed by structured exchange contracts.
- For Consumers: Over time, standardized contracts lead to better quality assurance, improved availability, and competitive pricing.
- For the Economy: Encourages self-sufficiency in rice, reduces dependence on imports, and builds Nigeria’s profile in global commodities markets.
How GTI Connects You to This Opportunity
At GTI, we build bridges between innovation in the capital markets and real opportunities for wealth creation. Through our commodities trading desk, investors can directly access the LCFE and take positions in products like the Eko Rice Classic Spot Contracts.
This means you can be part of Nigeria’s agricultural growth story, while also expanding and diversifying your portfolio into a stable, high-demand commodity.
Open a Commodities Account Here: https://securities.gti.com.ng/register-online/
For inquiries and account opening support, call: 08035150708 | Email: headoffice@gti.com.ng
