NGX is driving the development and promotion of individual participation in the Nigerian capital market.


The Nigerian Exchange Group is doing this through its Retail Investor Workshop.
On Tuesday, 31 August 2021, the NGX in partnership with APT Securities and Funds Limited hosted a webinar series on the topic “Sukuk and Green Bonds: More than just an investment”.

While giving his opening statement, the Managing Director NGX Limited emphasized the successes achieved with the growth of Sukuk and Green Bond investment in Nigeria.

He opined that;

“The potential for Sukuk and Green Bonds remains immense and is likely to expand over the years underpinned by new markets, products and issuers and healthy investor investors’ appetite.

The Exchange will continue to provide an efficient and liquid market for investors and businesses in Africa, to save and access ethical and SDG complaint capital and investments.

We promise to continue our collaboration with all market stakeholders, to collectively contribute towards the enhancement of this exciting asset class, and ultimately towards the growth of Green and Sukuk Bonds in Nigeria and Africa at large”.

Also speaking at the event, the Managing Director of the Securities and Exchange Commission (SEC), Lamido Yuguda, who was represented by Mr. Abdulkabit Abass congratulated the webinar organizers, commending them for their consistent delivery of educational programs aimed at capacity building and expanding the depth of the market.

Speaking further, he stated that as the supreme regulator of the Capital market in Nigeria, the SEC has a dual responsibility for regulation and development of similar forums which would afford them the opportunity to educate retail investorson the benefits of investing in the Nigerian Capital market through the Green and Sukuk bonds.

These segments of the market are quite unique and boast full potential that can facilitate the deepening of financial systems while spurring the growth of the economy, making this deliberation indeed timely.

A presentation from the Deputy Director, Securities Unit, DMO Mr. Adamu Mohammed focused on the topic Harnessing Green Bonds as a Tool for Personal Growth.
He outlined that investors are increasingly demanding socially responsible investments and have expressed a strong appetite for green bonds, as evidenced by Nigerian sovereign green bond underwriting rates rising to 220% in 2019.
The Managing Director / CEO of APT Securities and Funds Limited, Mr. Kasimu Garba Kurfi, also provided information on how to bridge the gap between ethical investing and socio-economic development, before participating in a panel discussion alongside Ms. Ummah ani Ahmad Amin, member of the board of directors, NGX; and Dr. Afolabi Olowookere, Chief, Economic Research and Policy Management Division, SEC.

The first sovereign bond certificate which was launched through the collective efforts of the NGX, The Federal Ministry of Finance and other stakeholders, through the leadership of the NGX, has grown significantly from N0 to N49.19 billion in the space of 3 years.

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