Nigeria’s non-interest capital market has grown to a valuation of more than N1.6 trillion, marking a major milestone in the country’s drive to deepen financial inclusion and mobilize ethical financing for infrastructure development.
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, revealed this at the 7th African International Conference on Islamic Finance (AICIF) 2025, held in Lagos, where he described the growth as “a testament to investor confidence and sound regulatory reforms.”
Dr. Agama said the expansion of Nigeria’s non-interest capital market reflects the success of the Commission’s initiatives under the new Investments and Securities Act (ISA) 2025, which introduced stronger frameworks for ethical and Shariah-compliant finance.