The Securities and Exchange Commission SEC has announced that Nigeria's non-interest capital market has grown to N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical finance.
Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in Abuja during a press briefing ahead of the 7th African International Conference on Islamic Finance AICIF, scheduled for next month in 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 position ethical finance as a catalyst for building a resilient and inclusive African economy.
Agama described the event as timely, aligning with the conclusion of the Revised Nigerian Capital Market Masterplan 2021-2025. He said the forum will chart a new phase of sustainable financial development across Africa.