Nigeria's Non-Interest Capital Market Valued at N1.6 Trillion, SEC Reports Growth and Investor Confidence
The Securities and Exchange Commission (SEC) in Nigeria revealed that the non-interest capital market has grown to a value of N1.6 trillion, demonstrating significant expansion and investor confidence. This growth highlights the success of regulatory reforms and the Investment Securities Act (ISA) 2025.
The market's growth is evidenced by Nigeria's sovereign Sukuk program, which raised N1.4 trillion through seven issuances since 2017, funding critical infrastructure projects. Emomotimi Agama, the Director-General of SEC, emphasized the importance of Islamic finance in driving economic growth and infrastructure development.
Ummahani Ahmad Amin, the Chairperson of the Islamic Finance Conference, stressed the need for sustainable progress through financial inclusivity and ethical investments.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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