The Securities and Exchange Commission has said Nigeria’s non-interest capital market has grown to over N1.6tn, reflecting investor confidence and participation in finance.
The Director-General of the SEC, Emomotimi Agama, disclosed this on Monday at a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance, scheduled to be held in Lagos on November 4 and 5, 2025.
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 promote ethical financing as a tool for building a resilient and inclusive African economy.
Agama said the non-interest capital market had recorded remarkable momentum, with Sukuk dominating the sector, noting that the most recent Sukuk issuance was oversubscribed by over 700 per cent, demonstrating strong investor appetite for non-interest products and confidence in the regulatory environment.
