This was disclosed at a virtual seminar organised by the
licensed precious metals mining & refining company and bullion merchant in
conjunction with LCFE and the Federal Ministry of Mines and Steel Development.
The Managing Director of Dukia Gold & Precious Metals
Refining Company Ltd, Ms Bose Owolabi, said the seminar was one of the many
initiatives along with other partners conducted ahead of the introduction of
the Dukia Gold Exchange Traded Certificate (DGETC).
Speaking, Managing Director of LCFE, Mr Akin Akeredolu-Ale,
stated that the build up to the virtual seminar on investing in gold started in
2019 noting that both LCFE and Dukia Gold seek how how Nigerians can invest and
trade in responsibly sourced gold on a structured and regulated platform such
as the LCFE.
Minister of Mines & Steel Development, Arc. Olamilekan
Adegbite, said gold investments are said to be a unique, time-tested wealth
preservation instrument, thus creating a vehicle for Nigerians to build and
preserve wealth over the long term.
He noted that gold bars and their derivatives are unlike
jewellery, ornaments or raw gold because they are Investment-grade Precious
Metals (IPM), which are essentially financial assets that are actively traded,
similar to financial instruments such as stocks and bonds.
The investing public was urged to look forward to the formal
launching of the Dukia Gold Exchange Traded Certificates, a gold-backed product
exchange traded spot gold that will soon be presented and traded on the floor
of LCFE.
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