Nigeria’s Non-Interest Capital Market Hits ₦1.6 Trillion — SEC
By OBIOMA TORI
The Securities and Exchange Commission (SEC) says Nigeria’s non-interest capital market has grown to ₦1.6 trillion.
SEC Director-General, Emomotimi Agama, disclosed this in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF) slated for 4–5 November .
He noted that Sukuk dominates the sector, with the last issuance oversubscribed by 700 percent — a sign of strong investor confidence.
Agama said the growth reflects rising demand for ethical finance and new investment opportunities, adding that the upcoming conference will foster collaboration, promote financial inclusion, and encourage innovation in Africa’s non-interest financial space.
