NGX boosts access to ethical finance, targets real sector
Nigerian Exchange Group will leverage its expanding non-interest finance board to channel compliant capital into productive economic sectors, with Chairman Umaru Kwairanga stating the platform has attracted over 1.3 trillion naira in listed sukuk instruments while working with the Securities and Exchange Commission and National Insurance Commission to strengthen governance frameworks for ethical investors. Chief Executive Officer Jude Chiemeka described the board as representing commitment to unlocking alternative funding sources and advancing sustainable development through innovation and strategic alliances.
The officials addressed the seventh African International Conference on Islamic Finance in Lagos on Monday, organized by Metropolitan Skills Limited alongside the SEC, where policymakers and market participants examined product innovation and liquidity strategies across the continent. Sovereign sukuk sales have generated more than 1.4 trillion naira for infrastructure projects nationwide as the exchange positions Nigeria to lead Africa’s transition toward inclusive financial systems through sharia-compliant collective investment schemes and exchange-traded funds.
