Gold exchange opens office in Nigeria, begins operation

In a bid to provide stress-free and easy to access short-term loans to individual and small business owners, a maiden Pawn brokering firm, Gold Exchange limited has resumed operations in Nigeria.

Speaking at the grand opening of the company in Lagos; the Managing Director of the company, Victor Okezie explained that Pawn brokering, a well-entrenched form of securing short-term loans while using collaterals like gold, silver, and platinum is not new to advanced countries but relatively new in Nigeria.

He urged Nigerians to take advantage of registered pawnbrokers like Gold Exchange Limited to avoid being cheated by roadside pawnbrokers who have tampered with their measuring instruments.

Highlighting the core ideals of Gold Exchange which set it apart, he said whoever is looking forward to pawn an item is rest assured that they are getting a service in line with global best practices.

Detailing how it works, Okezie said customers bring in an item of value, in this case, gold, silver or platinum and the pawnbroker offers a loan based on a percentage of the item’s estimated value. The pawnbroker then keeps the item until the customer repays the loan. Okezie urged those who have such metals not to hoard them while they have subsisting needs.