The Nigerian Exchange Limited (NGX) has launched its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC)....READ THE FULL ARTICLE HERE ▶▶
This initiative was announced during a Closing Gong Ceremony in Lagos on Wednesday, honoring Mr. Balarabe Abbas Lawal, Minister of Environment, and commemorating the 8th Green Bond Advisory Group Meeting.
The ceremony, which saw Mr. Lawal, Co-Chair, Green Bond Advisory Group Meet – ing, engage with investors and stakeholders on the proposed Federal Government Green Bond issuance, brought together key figures in Nigeria’s financial and environmental sectors.
Attendees included Dr. Emomotimi Agama, DirectorGeneral of the SEC, alongside delegates from the Debt Management Office, Ministry of Environment, issuers, and issuing houses.
This launch marks a pivotal moment in NGX’s steadfast commitment to integrating sustainability into the core of Nigeria’s capital market.
By providing a high-visibility platform for sustainability instruments, NGX aims to usher in a new era of responsible investing, offering forwardthinking issuers access to purpose-driven capital.
Addressing the pressing environmental challenges facing the country, Mr. Lawal emphasised, “With issues like flooding, pollution, and defor – estation, we urgently need funds to tackle them.
This is why we are approaching the market.” His sentiment was echoed by Dr. Agama, who affirmed SEC’s support: “We are ready to bolster the sustainable finance market, aiming to deepen it with diverse instruments that contribute to Nigeria’s sustainable development.”
Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX Group) highlighted NGX’s capabilities, stating, “We possess the capacity, resources, and technology to raise the funds required by the Federal Ministry of Environment and the Nigerian economy to achieve the goals outlined in the Paris Agree – ment and the Sustainable De – velopment Goals.”
Mr. Ahonsi Unuigbe, Chairman of NGX, under – scored the significance of the Impact Board, noting its potential to encourage issuers like the Federal Government to leverage the market for financing strategic, sustainability-focused projects….READ FULL ARTICLE
