Kian Smith FZE will list over ₦21 billion in 1kg LBMA-certified gold bars on the Lagos Commodities and Futures Exchange (LCFE), following approval from the Securities and Exchange Commission (SEC).
Accessible Gold Trading
The company will begin with 100kg of gold bars, but investors can start with just 100g, making gold trading accessible to individuals and institutions alike.
Moreover, the company insures each bar, stores them in high-security vaults, and applies strict risk management protocols.
Market Confidence And Oversight
MD/CEO of LCFE, Nere Emiko, described the listing as a historic milestone.
She recalled the exchange’s first gold listing, the EKO Gold transaction, and explained how Kian Smith’s offering could elevate the Nigerian capital market to “another level.”
Furthermore, she emphasised that SEC-licensed professionals, dealing members, receiving banks, and collateral managers actively designed the Gold Spot contracts.
Read Also: Dollar Inflows To Nigeria FX Market Fall 21% As Investors Exit
Therefore, investors can trade confidently, knowing the team has applied all legal and risk protocols.
Growth Potential And Partnership
Gold’s value has steadily risen over time, from $1,800 per ounce in 2000 to $4,450 today.
Consequently, analysts forecast it could reach $5,000–$6,000 per ounce by 2026, highlighting a strong growth opportunity.
In addition, FCMB, as the receiving bank, and WCM Capital, as the listing dealing member firm, support the transaction.
MD/CEO of FCMB, Yemisi Edun, called the partnership a blueprint for future commodities trading in Nigeria, while Patrick Ajayi of WCM Capital assured investors that the bars are sealed, verified, and fully secure.
Ultimately, this listing provides Nigerian investors with a secure, structured path into gold, signalling a new era of growth, stability, and opportunity for the country’s capital market.
