The Nigerian Exchange Limited has received approval from the Securities and Exchange Commission to establish the Impact Board, a platform dedicated to promoting sustainability-focused financial instruments. This initiative was announced during a Closing Gong Ceremony in Lagos, signaling a significant move towards supporting green finance and sustainable economic practices.
The NGX Impact Board will cater to green bonds and other sustainability instruments, attracting both domestic and international investors interested in environmentally friendly projects. Emomotimi Agama, the Director-General of the SEC, expressed the regulatory body’s commitment to driving responsible investment practices in Nigeria’s capital market.
The Group Managing Director of NGX Group, Temi Popoola, highlighted that the Impact Board will enhance transparency and accountability in sustainability investments, boosting investor trust. The platform will play a crucial role in supporting the federal government’s proposed Green Bond issuance, which aims to finance projects contributing to environmental conservation and sustainable development.
By introducing the Impact Board, Nigeria is poised to become a leader in sustainable finance in the region, showcasing its commitment to ESG factors and responsible investing.
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