• Wednesday, April 24, 2024
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Assetium capital eyes top spot in Nigeria’s commodities market

commodities market

Assetium Capital Management Limited is positioning to emerge as one of the top three players in Nigeria’s commodities market by 2030 following an approval from the Securities and Exchange Commission (SEC) to commence trading, earlier in the year.

Abubakar Koro Muhammad, Chairman, Assetium Capital Management Limited, who announced this at the media launch in Abuja, said the company is committed to harnessing opportunities in the commodities market, creating needed confidence and valuable opportunities for its investors as well as driving substantial value for the Nigerian economy.

“Our foremost ambition is to establish a substantial footprint as a major player in the commodities sector. We remain steadfast in our commitment to attract investors seeking opportunities within the commodities space, facilitate their participation on licensed commodities exchanges, explore the vast potential of the export market, and, above all, deliver on our pledge to provide a rewarding return on investment to our diverse stakeholders,” Muhammad stated.

Assetium Capital Management Limited was officially registered in 2019, marking its formal entry into the commodities market.

Read also: AFEX, GCX sign MoU to foster cross-border commodities exchange

In March 2023, the company obtained SEC’s license to operate as a Commodity/Broker Dealer firm, and subsequently acquired a registration status with the Lagos Commodities and Futures Exchange and Afex Capital Market.

According to Muhammad, Assetium Capital’s central objective is to fortify and deepen the commodities industry in Nigeria, and contribute significantly to the country’s GDP.

“We are dedicated to creating tangible value for our investors and ensuring that our shareholders are duly rewarded with sound returns on their investments.

“Our vision extends beyond the immediate horizon – we aspire to emerge as one of the top three commodities companies in Nigeria by the year 2030,” he told reporters.

He said the company would provide exceptional financial solutions to its clients, underpinned by innovative technology. It would equally strive to connect its clients to the myriad opportunities presented by the commodities market, fully cognizant of inherent challenges and complexities in the sector.

“We are well-prepared to address these challenges and recognize that success in this sector demands not only sound strategy and expertise but also adaptability and a profound understanding of the ever-evolving dynamics of the commodities market.

“Equipped with a robust strategy and a commitment to innovation, Assetium Capital Management Limited aspires to ascend to a prominent position among Nigeria’s top three commodities firms by the year 2030, promising valuable investment opportunities and the creation of substantial value,” the chairman reiterated.

On his part, Kunle Awoluyi, Chief Executive, Assetium Capital assured that the company’s risk management framework aligns with national and global standards to give the clients adequate comfort.

To this end, the organisation has set up a risk committee to ensure that the management is properly advised on every investment and risk taken.

He said: “One of the key things for us is to make money and not to lose money. We ensure that investments with us are safe and risk-free. We also have corporate governance to ensure that there is good oversight of the organisation. We also have a risk management board that ensures that all the risks we are taking are well mitigated.”

Abimbola Osuchukwu, Director, Assetium Capital who also assured of the company’s robust risk management strategy noted how commodity investment is changing the country’s investment landscape and that the firm would play a key role in the development of the industry.