The Securities and Exchange Commission (SEC) has reaffirmed its goal of achieving 50 listings of Shari’ah-compliant products with a combined market capitalization of approximately N5 trillion by 2025. Mr. Lamido Yuguda, the Director-General of the SEC, was represented by Mr. Dayo Obisan, the Executive Commissioner of Operations, at a capacity-building workshop held in Abuja for local Shariah talent specializing in the non-interest capital market – level II. During the event, he highlighted that the non-interest capital market (NICM) segment of the revised Capital Market Masterplan (2021 – 2025) aims to achieve 100 retail Shariah-compliant products and attract over one million direct investors in such products. Mr. Yuguda emphasized the commission’s commitment to achieving these ambitious targets, with a particular focus on capacity building. To read further, click HERE.
SEC aims for N5trillion Shari’ah-compliant listings by 2025.
