AFEX Commodities Exchange

AFEX Commodities Exchange Limited is a Nigerian private commodities exchange founded in 2014 by Ayodeji Balogun (CEO) to address the structural challenges faced by Nigerian smallholder farmers in accessing markets, credit, and fair prices. AFEX operates warehouse receipt systems, commodity spot and futures trading platforms, input financing, and crop insurance programmes, and has expanded operations to Kenya and Uganda. The company has been a pioneer in formalising agricultural commodity trading in Nigeria and has partnered with international investors, development banks, and the African Export-Import Bank to scale its operations.