Lagos - The Islamic Finance Sector, according to Nigerian Stock Exchange, NSE, had a financial boost of about $2 trillion in 2018, surpassing the $1.5 trillion recorded in 2016.
This was revealed by the Divisional Head, Trading Business of the Nigerian Stock Exchange Mr. Jude Chiemeka who represented the Chief Executive Officer of the Nigerian Stock Exchange Mr. Oscar N. Onyema, in the on-going inaugural edition of the Islamic Finance in Nigeria, IFN Forum organized by REDmoney events, in partnership with NSE, to explore exciting Shariah finance opportunities in Nigeria as well as discussing market trends and topical issues.
According to him, "The Islamic Finance sector has grown noticeably over the years, from about $1.5trillion in 2016, to about $2trillion in 2018, driven by growth in Islamic Banking assets as well as growth in Sukuk issuances".
He equally acknowledged the efforts of the Federal Government and Debt Management Office, DBO, for their onerous effort in taking Islamic banking to another height in the country.
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