Nigeria’s Islamic Capital Market to Witness Investment from Pension Industry Soon: SEC  

Nigeria’s Non-Interest (Islamic) Capital Market (NICM) is expected to receive substantial investment from the country’s pension industry, according to Lamido Yuguda, Director General of the Securities and Exchange Commission (SEC), Nigeria.

Why it Matters?

The investment from the pension industry will lead to more issuances of NICM products by corporates, as well as other categories of issuers. Yuguda added that the current levels of activity in Nigeria’s NICM is clear evidence of the overwhelming acceptance of products offered in the market by the investing public. This emphasised the need to enhance the SEC’s investor protection mechanism to ensure transparency in the market, which in turn would lead to a multiplier effect on...