Non-Curiosity Finance Emerges as Nigeria’s Quickest-Rising Capital Market Phase — SEC

The Securities and Alternate Fee (SEC) has recognized non-interest finance because the fastest-growing section of Nigeria’s capital market with a present valuation of ₦1.6 trillion.

Talking in Abuja forward of the seventh African Worldwide Convention on Islamic Finance (AICIF) scheduled for November 4–5, 2025, the Director-Basic of SEC, Dr. Emomotimi Agama, mentioned the market’s speedy enlargement underscores Nigeria’s growing urge for food for non-interest and Sharia-compliant monetary merchandise.

Dr. Agama famous that Sukuk continues to account for a considerable portion of the market, citing a 700 % oversubscription recorded over the past issuance.

He mentioned the robust investor response highlights confidence within the integrity and profitability of moral finance and demonstrates the resilience of Nigeria’s regulatory setting.

In line with him, the event additionally indicators a broader shift towards transparency and social duty within the monetary system.

He added that past Sukuk, the non-interest section features a vary of funding merchandise that stay underexplored however provide credible options for each institutional and retail buyers, notably younger Nigerians searching for moral funding choices.

The SEC chief emphasised that the Funding and Securities Act (ISA) supplies a complete statutory framework to assist the expansion of the non-interest market, enabling the registration of non-interest collective funding schemes and different devices.

He mentioned this authorized basis is vital to the Fee’s mandate of selling innovation, investor safety, and inclusive market participation.

Dr. Agama mentioned the forthcoming convention goals to foster collaboration amongst policymakers, regulators, and buyers throughout Africa to harmonize insurance policies and develop new monetary options tailor-made to rising economies.

He defined that discussions on the occasion would give attention to enhancing monetary inclusion, selling moral funding, and discouraging unregulated schemes that undermine market integrity.

He famous that the SEC expects actionable methods from the convention that may stimulate funding flows, develop product improvement, and strengthen the longer term course of regulatory coverage throughout the non-interest finance ecosystem.

Additionally talking, Ummahani Amin, Managing Accomplice of Metropolitan Regulation Agency and Chair of the 2025 convention planning committee, mentioned the rising adoption of Islamic finance throughout Africa supplies a chance to create a extra inclusive and sustainable monetary structure.

She described the SEC’s partnership within the occasion as a step towards deepening investor confidence and supporting innovation grounded in transparency and shared prosperity.

The convention, collectively organized by the SEC, Metropolitan Abilities Ltd (MetSkills), and Metropolitan Regulation Agency (MetLaw), is anticipated to draw policymakers, regulators, students, and buyers from throughout the continent to debate sensible pathways for advancing moral finance in Africa.