There are several government agencies regulating various sectors of the Nigerian economy. Most of these regulatory agencies are creation of statutes which usually specify their functions, powers and general mode of operations.
The AFEX Commodities Index gained marginally by 1.33% for the week under review closing at 271.02 basis points for the week under review. Maize and paddy rice remained the same while soybean picked up by 4.41% for the week under review, closing prices at N179.67/kg, N147.50/kg and N225.00/kg for maize, soybean and paddy rice, respectively.
In the recently released NSE Domestic & Foreign Portfolio Investment Report for September, total value traded surged in line with expectations as value traded grew 42.9% m/m to N135.0bn (US$350.6m) in September 2020 from N94.5bn (US$245.5m) in August 2020. Activity level among domestic investors grew 71.1% m/m to N94.9bn (US$246.5m).