The Abuja Securities & Commodity Exchange(ASCE) was originally incorporated as a Stock Exchange on June 17, 1998.It commenced electronic trading in securities in May 2001 and was converted to a commodity Exchange on August 8, 2001 and brought under the supervision of the Federal Ministry of Commerce.The conversion was premised on the need for an alternative institutional arrangement that would manage the effect of price fluctuations in the marketing of agricultural produce which has adversely affected the earnings of farmers since the abolishment of commodity Boards in 1986.Attempts to establish a Commodity Exchange and Futures market in the country dates back to 1989 when an Inter-Ministeri