NIGERIA: The Securities and Exchange Commission (SEC) said Nigeria’s non-interest capital market had a valuation of over NGN1.6 trillion (US$1.11 billion) in 2024. The bulk of that amount is in the form of Nigeria’s sovereign Sukuk program – which has raised over NGN1.4 trillion (US$971.22 million) through seven issuances since 2017 to finance the construction and rehabilitation of 124 critical roads covering more than 5,820km across the country.
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