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Sovereign issuances to lead global sukuk market in near term

<p><span>Nigerian Exchange (NGX) Limited in collaboration with REDMoney Group hosted the 3</span><span>rd</span><span>&nbsp;edition of the Islamic Finance News (IFN) Nigeria Roadshow 2021 on Wednesday, 26 May 2021 with the Chief Executive Officer, NGX, Mr. Temi Popoola, CFA as Keynote Speaker.</span></p>

By Itohan Abara-Laserian Lagos, May 26, 2021 The Nigerian Exchange (NGX) Ltd and stakeholders in the Islamic finance industry have harped on the crucial role of ethical investments for economic recovery and development. They made the assertion at the third edition of Islamic Finance News Nigeria roadshow organised by

Capital market records biggest rise in non-performing loans Published 16 May 2021 The non-performing loans recorded by Nigerian banks in the capital market rose last year by 487.49 per cent, the biggest sectoral increase in bad loans, according to data from the National Bureau of Statistics. The NBS data showed that N320m of the loans advanced to capital market operators by the banks were recorded as non-performing as of December 2020, compared to an NPL of N50m at the end of 2019. The Securities and Exchange Commission, the apex regulator of the capital market, said last month that it was re...

FILE PHOTO: Dr Ngong Cyprian receives his first dose of the Oxford/AstraZeneca coronavirus disease (COVID-19) vaccine from Dr Faisal Shuaib, Executive Director and Chief Executive Officer of the National Primary Health Care Development Agency, at the National hospital in Abuja, Nigeria, March 5, 2021. REUTERS/Afolabi Sotunde/File Photo Obinna Chima Despite the disruptive impact of COVID-19 last year, the full-year financial results of 11 commercial banks for the period ended December 31, 2020, have shown that their combined profit after tax (PAT) for the period under review stood at N941.063 ...