NGX UNVEILS IMPACT BOARD FOR SUSTAINABLE INVESTMENTS
The Nigerian Exchange Limited (NGX) has launched the Impact Board, a platform for listing sustainability instruments, aiming to integrate sustainability into Nigeria’s capital market.
Key Details:
- Launch Event: Held during the eighth Green Bond Advisory Group Meeting in Lagos.
- Approval: Received from the Securities and Exchange Commission (SEC).
- Key Figures:
- Minister of Environment, Balarabe Lawal, discussed the urgent need for funds to address environmental issues like flooding, pollution, and deforestation.
- SEC's Director-General, Dr. Emomotimi Agama, affirmed support for deepening the sustainable finance market.
- NGX Group Chairman, Dr. Umaru Kwairanga, highlighted NGX’s resources and technology to support Nigeria’s sustainability goals.
Historical Context:
- Previous Green Bonds:
- In 2017, Nigeria issued a N10.69bn green bond for renewable energy projects, the first such initiative in Africa.
- In 2019, the second green bond issuance of up to N15bn was announced.
Statements:
- Lawal: Emphasized the importance of market engagement for environmental funding.
- Kwairanga: Expressed NGX's readiness to support the Federal Ministry of Environment in achieving the Paris Agreement and Sustainable Development Goals.
Background:
- NGX Capabilities: Leveraging advanced technology and resources for sustainable investments.
- Third Green Bond: Announced in April to further environmental financing efforts.
The Nigerian Exchange Limited (NGX) has launched the Impact Board, a platform for listing sustainability instruments, aiming to integrate sustainability into Nigeria’s capital market.
Key Details:
- Launch Event: Held during the eighth Green Bond Advisory Group Meeting in Lagos.
- Approval: Received from the Securities and Exchange Commission (SEC).
- Key Figures:
- Minister of Environment, Balarabe Lawal, discussed the urgent need for funds to address environmental issues like flooding, pollution, and deforestation.
- SEC's Director-General, Dr. Emomotimi Agama, affirmed support for deepening the sustainable finance market.
- NGX Group Chairman, Dr. Umaru Kwairanga, highlighted NGX’s resources and technology to support Nigeria’s sustainability goals.
Historical Context:
- Previous Green Bonds:
- In 2017, Nigeria issued a N10.69bn green bond for renewable energy projects, the first such initiative in Africa.
- In 2019, the second green bond issuance of up to N15bn was announced.
Statements:
- Lawal: Emphasized the importance of market engagement for environmental funding.
- Kwairanga: Expressed NGX's readiness to support the Federal Ministry of Environment in achieving the Paris Agreement and Sustainable Development Goals.
Background:
- NGX Capabilities: Leveraging advanced technology and resources for sustainable investments.
- Third Green Bond: Announced in April to further environmental financing efforts.