The Securities and Exchange Commission, SEC, says Nigeria’s non-interest capital market has expanded to ₦1.6 trillion, reflecting growing investor confidence in ethical finance. Director-General Dr Emomotimi Agama announced this in Abuja ahead of the 7th African International Conference on Islamic Finance, AICIF, taking place next month in Lagos.
The conference, jointly organised by the SEC, Metropolitan Law Firm, and Metropolitan Skills Ltd, will explore how ethical finance can drive inclusive growth under the theme “Africa Emerging: A Prosperous and Inclusive Outlook.”
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Mr. Agama said the surge in Sukuk subscriptions — exceeding 700 percent — demonstrates strong investor trust. He added that the new Investments and Securities Act 2025 has bolstered regulation of non-interest products. The forum, he said, will spotlight opportunities in infrastructure, green investment, and fintech-led innovation across Africa’s Islamic finance sector.
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