Nigerian Securities Exchange Launches Impact Board to Foster Sustainability-Focused Instruments

Lagos, Nigeria – The Securities and Exchange Commission (SEC) has given its nod to the Nigerian Exchange Limited (NGX) to launch its Impact Board, a platform designed to enhance the listing and visibility of sustainability-focused instruments. The initiative was unveiled during a Closing Gong Ceremony held at the NGX headquarters in Lagos, Saturday.

The NGX Impact Board aims to provide a dedicated platform for issuers of green bonds and other sustainability instruments, thereby promoting environmentally friendly projects. The board is expected to attract both domestic and international investors who prioritize Environmental, Social, and Governance (ESG) factors in their investment decisions.

The Director-General of the SEC, Emomotimi Agama, expressed his support for innovations that advance sustainability and drive responsible investment practices in Nigeria’s capital market. According to him, the Impact Board will facilitate greater investor participation in sustainable projects, thereby contributing to the country’s quest for environmental sustainability.

The Group Managing Director of NGX Group, Temi Popoola, echoed Agama’s sentiments, highlighting that the Impact Board will enhance transparency and accountability in sustainability investments, fostering trust and confidence among investors.

The launch of the Impact Board is particularly noteworthy, as it coincides with discussions about the federal government’s planned Green Bond issuance aimed at financing projects that contribute to environmental conservation and sustainable development.

“In conjunction with the federal government’s plans, the NGX’s initiative will provide a robust framework for the successful implementation and management of sustainable bonds,” Popoola said.

With the approval and launch of the NGX Impact Board, Nigeria takes a significant step forward in positioning itself as a leader in sustainable finance in the region.