Nigeria:Embrace Gains Of Green, Sukuk Bonds — NGX

  • 06 September 2021 / News / 119 / Fares RAHAHLIA

Nigeria:Embrace Gains Of Green, Sukuk Bonds — NGX

The Nigerian Exchange Limited (NGX) has hosted a webinar to drive the development and promotion of retail participation in the Nigerian capital market.

The webinar, which is a series in collaboration with APT Securities and Funds Limited, had the theme: “Sukuk and Green Bonds: More Than Just Investing”.

The Chief Executive Officer of NGX Limited, Mr Temi Popoola, said the potential for Sukuk and Green Bonds remained immense and was likely to expand over the years underpinned by new markets, products and issuers and healthy investors’ appetite.

The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda, represented by Mr Abdulkabir Abass, said, “Forums like this afford us the opportunity to educate retail investors on the gain of investing in the Nigerian capital market through Green and Sukuk Bonds.”

The Assistant Director, Securities Issuance Unit, Debt Management Office (DMO), Mr Adamu Mohammed, said investors were increasingly demanding socially responsible investments and had expressed a strong appetite for Green Bonds evidenced by subscription rates in Nigeria’s Sovereign Green Bonds increasing to 220 percent in 2019 over 110% at the debut Issuance.

The Managing Director/CEO of APT Securities and Funds Limited, Mr Kasimu Garba Kurfi, also provided insights on bridging the gap between ethical investing and socioeconomic development.

source: daily trust

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