AFEX NEWS
Commodities     July 07, 2020
The AFEX Commodities Index composite experienced a massive uptick to close at 246.46 points in the week under review. The index performance appreciated by 21.31% W-on-W due to the positive market performance of the Maize and Soybean sub-indices against previous week performance in the week under review.
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Commodities     June 30, 2020
The AFEX Commodities Index composite experienced a slight uptick to close at 203.17 points in the week under review. The index performance appreciated by 0.34% W-on-W due to the positive market performance of the Soybean sub-index as against previous week performance in the week under review.
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Commodities     June 08, 2020
The AFEX Commodities Index inched higher by 10.49% at the close of trading last week to settle at a season-high of 197.56 points. The rally in the index was stimulated as a result of increased demand for maize in the commodity markets as the price of maize rose by 19.91% to close at ₦122,631.45/MT in the week under review.
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Commodities     June 01, 2020
The AFEX Commodities (ACI) Index composite experienced a downtick as it closed at 178.80 points in the week under review. The index performance reduced by 6.78% WtD. The downward trend was stimulated by the decline in prices of the commodities covered by the index.
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Commodities     May 25, 2020
The AFEX Commodities Index inched higher by 6.05% at the close of trading last week to settle at a season-high of 186.65 points. The rally in the ACI came on the back of increased processor demand in the maize and paddy rice markets.
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Commodities     May 04, 2020
The AFEX Commodities Index composite closed 162.2 points with a 0.00% change from the previous week. The index performance remained stable across all commodities covered by the index in the week under review.
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Commodities     April 20, 2020
The AFEX Commodities Index composite closed at 161.65 points maintaining its price point for the last three weeks as activities have slowed down on the Exchange due to the lockdown directives by the Government.
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Commodities     April 17, 2020
Prices on the Exchange witnessed a lull as the AFEX Commodities Index (ACI) dropped by -0.39% over the period. The commodities covered by the Index remained neutral in the month under review. This was influenced partly by the lockdown measures, which were put in place by the Government to combat the COVID-19 pandemic near the end of March.
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Commodities     April 08, 2020
As the incidence of Covid-19 continues to climb commanding the focus of the world, a key fundamental remains essential to keep in sight in our daily tallying of the effects of the pandemic on individuals, households and the economy, which is the question of whether Nigeria can feed itself in the short to long term.
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Commodities     April 06, 2020
The AFEX Commodities Index composite closed at 161.65 points this week, maintaining its Price point from previous week.
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Commodities     March 20, 2020
AFEX Commodities Exchange and the domestic market experienced marked price volatility for Maize, Soybeans and Paddy rice in February. On the exchange, month-average executed prices were lower than the Market Survey Prices for Maize, Soybeans, and Paddy rice by 5.8%, 7.7%, and 3.5% respectively.
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Commodities     March 17, 2020
The AFEX Commodities Index closed at 151.75points this week, indicating an increase of 5.06% in the overall Market Performance. The maize sub-index experienced an uptick of 9.88% reversing its downward trend witnessed in previous weeks while Paddy rice and Soyabeans' price remained the same.
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Commodities     March 04, 2020
The AFEX Commodities Index ticked up by 0.06% to close at 163.05 points reversing the 2-week decline in overall Market Performance.
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Commodities     February 15, 2020
The AFEX Commodities Index composite averaged 162.58 points this week representing a decline in overall market performance of 5.02 percentage points, week-to-date (WtD).
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Commodities     February 08, 2020
The AFEX Commodities Index composite closed at 171.16points this week representing a down-tick in the overall market performance. The percentage point dropped by 2.86 week-to-date (WtD).
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Commodities     January 28, 2020
The AFEX Commodities Index ticked upwards by 1.59% at the end of the week as soybeans propped up the index to close at 174.39 points.
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Commodities     January 14, 2020
Globally, commodity prices have witnessed wide fluctuation as the combined effects of trade wars, geopolitical tensions and the global economic slowdown pressured commodity performance in 2019. Specifically, the US-China trade war and the global economic slowdown induced risk of off sentiments on the commodities markets as investors and producers grappled with tariffs and reduced access to key export markets.
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Commodities     December 16, 2019
AFEX Commodities Exchange Limited (AFEX), a market leading commodity exchange in Nigeria, today announced it has secured an investment for an undisclosed amount from Consonance Investment Managers, a Sub-Saharan Africa focused early-stage and growth investment firm.
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Commodities     November 20, 2019
Insights on the commodity markets in Nigeria are critical as we enter into the 2019/2020 season. All key crops traded on AFEX Commodities Exchange are being considered in view of the demand and supply dynamics as well as a look into possible proactive measures that investors can take.
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Commodities     November 14, 2019
Insights on the commodity markets in Nigeria are critical as we enter into the 2019/2020 season. All key crops traded on AFEX Commodities Exchange are being considered in view of the demand and supply dynamics as well as a look into possible proactive measures that investors can take. Read below for the AFEX Cocoa outlook for the 2019/2020 season in Nigeria.
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