CFG Africa is pushing for a broader role for non-interest banking in Nigeria’s financial system, arguing that larger and more frequent Sukuk issuances could help unlock long-term capital for infrastructure, deepen domestic capital markets and draw in investors seeking asset-backed and ethical instruments amid global volatility.
The call was a central theme at the CFG Africa non-interest investment forum held in Abuja on Thursday, as policymakers, bankers and fund managers debated how Nigeria can mobilise new pools of capital at a time when conventional funding sources are under strain.
CFG Africa was formed from the merger of Maynard Partners and Concreed Capital and operates across asset management, investment banking, advisory and trusteeship.