Gold Settlement in NGN · ADGM Abu Dhabi · No SWIFT

Gold DVP Settlement for Nigerian Naira (NGN) Trade

Nigeria's chronic naira devaluation and CBN foreign exchange restrictions make USD settlement of oil and commodity exports unreliable — LCORE's gold DVP model in Abu Dhabi gives Nigerian exporters and importers a hard-asset settlement channel. Min $5M, 2–3 day finality.

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NGN
Settlement Currency
2-3
Working Days
0
USD / SWIFT
ADGM
Reg. No. 28158
How It Works

Commodity settlement in NGN
via physical gold

When Nigerian Naira (NGN) payments are blocked or delayed by correspondent banking compliance, LCORE's gold DVP mechanism provides a 2-3 working day alternative. Physical gold in Abu Dhabi acts as a settlement bridge: the buyer deposits gold into DVP escrow, the seller releases the commodity, NGN payment is confirmed, gold is released.

No USD clearing. No SWIFT routing. ADGM English Law governs the transaction. Lloyd's $200M insurance throughout. Minimum $5M per transaction.

DVP Escrow

Multi-signature DVP: LCORE + buyer + seller. Gold releases only when all conditions are confirmed. Zero counterparty risk on either side of the transaction.

No USD Required

Settlement in NGN via agreed correspondent without USD clearing. LCORE's ADGM position and gold mechanism bypass SWIFT USD dependency entirely.

2-3 Working Days

vs 30-180 days under blocked correspondent banking channels. DVP confirmation triggers automatic escrow release.

Settle in NGN. Close in 2-3 days.

Confidential consultation. Minimum $5M. ADGM-licensed vault.

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FAQ

Frequently asked questions

How does gold settlement in NGN work?
The buyer deposits physical gold into LCORE's Abu Dhabi DVP escrow. Commodity is delivered. NGN payment is confirmed via correspondent bank. DVP releases gold to seller. 2-3 working days total. No USD in the chain.
What is the minimum for NGN gold settlement?
Minimum $5M per transaction. Monthly capacity exceeds $500M. Confidential institutional consultation available.
Is this available without USD clearing?
Yes. LCORE's gold DVP mechanism does not require USD correspondent banking. Settlement in NGN via agreed correspondent bank, CIPS, or direct bilateral confirmation depending on the structure.