The Nigerian Exchange Limited (NGX) has received approval from the Securities and Exchange Commission (SEC) to launch its Impact Board, a platform designed to promote sustainability-focused.
The NGX Impact Board, announced during a Closing Gong Ceremony in Lagos, aims to cater to green financial products, address climate change, and promote sustainable economic practices. This initiative is crucial as the government prepares for a proposed Green Bond issuance to further environmental sustainability.
SEC Director-General Emomotimi Agama expressed support for innovations that advance sustainability and drive responsible investment practices. “The NGX Impact Board will provide a dedicated platform for issuers of green bonds and other sustainability instruments, facilitating greater investor participation in environmentally friendly projects,” he said.
NGX Group Managing Director Temi Popoola emphasized that the Impact Board will enhance transparency and accountability in sustainability investments, fostering trust and confidence among investors. This development comes weeks after the SEC approved NGX’s Invest digital platform to boost public offerings and rights issues in the capital market.
