About AFEX

Welcome to AFEX

Our mission is to increase liquidity in commodities markets and provide local and global market participants with an efficient method for price discovery as well as the ability to carry out trades, without taking on counterparty risks.

AFEX provide solutions to farmers’ challenges in aggregation, storage, financial inclusion and selling of their products.

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We are committed to helping farmers

Aggregation, Storage and Financial Inclusion

Our Vision

AFEX Nigeria’s vision is to create a lasting institution that capitalizes on the country’s agricultural potential to achieve regional (West Africa) food security and support small-holder farmers to increase their income earning capacity; ultimately reducing the barriers to competitiveness of the Nigerian agricultural sector. AFEX Nigeria will provide solutions to farmers’ challenges in aggregation, storage, financial inclusion and selling of their products.

Our Strategy

AFEX Nigeria’s overarching strategy is to create a national trading platform and supply chain network in carefully identified value chains, through which farmers and commodity merchants can access commodity and financial markets. Integral in our strategy is the inclusive approach of not only developing a trading platform, but also supporting the ancillary infrastructure critical to the success of an exchange.

We’re amazing at what we do

We provide solutions to farmers’ challenges in aggregation, storage, financial inclusion

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Commodities Exchange

We issue farmer-subscribers an electronic warehouse receipt for the produce they have stashed in AFEX warehouses. The electronic warehouse receipt is used as collateral by the farmers to access financing from financial institutions and is tradable on the Exchange.

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Financial Inclusion

With a strategic partnership with the Nigeria Inter-bank Settlement System, AFEX seeks to provide a platform for millions of small holder farmers to be included in the financial sector. With access to offline BVN devices, we are able to register farmers and profile them.

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Secured Storage

Through our work, farmers and commodity merchants can trade seamlessly and access financial markets. Our inclusive approach not only develops a commodity exchange, it also supports ancillary infrastructure critical to the development of agriculture at large.

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AFEX Exchange Holdings Nigeria is building the next big business

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