The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest capital market has grown to over N1.6 trillion, underscoring rising investor confidence and participation in ethical finance instruments.
The disclosure was made by the Director-General of the SEC, Dr. Emomotimi Agama, during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance, slated for November 4–5, 2025, in Lagos.
The conference, themed “Africa Emerging: A Prosperous and Inclusive Outlook,” is being jointly organised by the SEC, Metropolitan Law Firm, and Metropolitan Skills Ltd. It aims to promote ethical and inclusive financing as a key driver of sustainable economic growth across Africa.
Agama noted that the non-interest capital market has continued to gain remarkable momentum, with Sukuk instruments dominating the sector. He highlighted that the most recent Sukuk issuance was oversubscribed by more than 700 percent, reflecting robust investor appetite and confidence in Nigeria’s regulatory environment.
According to him, the SEC remains committed to deepening the non-interest financial ecosystem through policies and products that promote inclusivity, financial stability, and long-term value creation.
