In a move set to reshape the nation’s commodities market, The Alternative Bank (AltBank) has announced a strategic partnership with the Nigeria Commodity Exchange (NCX) aimed at unlocking greater value across the agricultural value chain through a structured, finance-enabled commodities trading ecosystem.
At the heart of the partnership is a commitment to introduce electronic warehouse receipts (EWRs) as credible collateral, giving farmers, aggregators, and commodity players access to much-needed liquidity without the burden of immediate sales.
Through this system, producers can store their goods in certified NCX warehouses and leverage the warehouse receipts to access tailored financing from AltBank.
