Nigerian bourse to be green early December: government official

The Nigerian Stock Exchange is getting to be green, by starting trading environmentally friendly securities next month, said technical assistant to Nigeria’s environment minister on Tuesday.

The so-called green bonds, will be used to finance renewable power, education, and electricity projects in Nigeria, Ahmad Salihijo added on the sidelines of the 21st Annual Meeting of the African Securities Exchanges Association (ASEA), which takes place in Cairo between November 20-21.

Green bonds, a type of instrument used to raise funds to tackle environmental problems, enhance the issuers’ reputation, as they help in showcasing their commitment towards sustainable development. They also provide issuers access to specific set of global investors who invest only in green ventures.