Non-Interest Capital Market now worth N1.6trn — SEC

The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest superior marketplace has grown to N1.6 trillion, reflecting rising capitalist assurance and expanding information successful ethical finance.

Director-General of the SEC, Dr. Emomotimi Agama, disclosed this successful Abuja during a property briefing up of the 7th African International Conference connected Islamic Finance (AICIF), scheduled for adjacent period successful Lagos. The conference, jointly organised by the SEC, Metropolitan Law Firm, and Metropolitan Skills Ltd, is themed “Africa Emerging: A Prosperous and Inclusive Outlook.” It aims to presumption ethical concern arsenic a catalyst for gathering a resilient and inclusive African economy.

Agama described the lawsuit arsenic timely, aligning with the decision of the Revised Nigerian Capital Market Masterplan (2021–2025). He said the forum volition illustration a caller signifier of sustainable fiscal improvement crossed Africa. 

“This year’s taxable is simply a telephone to enactment — harnessing ethical concern to physique a much prosperous and equitable Africa,” helium noted.

He revealed that Sukuk continues to predominate the non-interest market, with the latest issuance oversubscribed by implicit 700 percent, underscoring investors’ assurance successful ethical fiscal instruments. “The overwhelming subscription to our Sukuk issuances demonstrates beardown capitalist spot and rising demand,” helium said.

Agama highlighted that the caller Investments and Securities Act (ISA) 2025 has strengthened the ineligible model for non-interest fiscal products, empowering the SEC to registry corporate concern schemes and grow disposable instruments.

The AICIF 2025, helium added, volition diagnostic high-level discussions connected infrastructure, greenish and ethical investments, cultivation financing, and fintech’s relation successful transforming Islamic finance.

AICIF Chairperson and Metropolitan Law Firm’s Managing Partner, Ummahani Amin, said the league has go 1 of Africa’s starring gatherings promoting innovation, integrity, and sustainable maturation successful Islamic finance.

The station Non-Interest Capital Market present worthy N1.6trn — SEC appeared archetypal connected Vanguard News.