Robert Scharfe (LuxSE) and Oscar N. Onyema (NSE) signing MoU in foreground with WFE representatives Urs Rüegsegger, Nandini Sukumar, and Edward Tilly in the background
The Luxembourg Stock Exchange signed a memorandum of understanding with its Nigerian counterpart on Wednesday in Singapore to extend the green bond channel between the countries.
CEO of the LuxSE, Robert Scharfe, was in the Asian financial centre to take part in the World Federation of Exchanges taking place there.
“The partnership will further facilitate the growth of the green finance industry in Nigeria and ultimately deepen the Nigerian capital market through the mobilisation of the foreign green capital needed to fund sustainable projects in Nigeria,” Oscar N. Onyema, CEO of the Nigerian Stock Exchange (NSE), said of the signing in a Wednesday communiqué.
The statement added that there had been international interest and recognition after a ₦10.69bn federal government sovereign green bond was issued and listed on the NSE at the end of 2017.
Scharfe added, “Sustainable finance is becoming a truly global movement. By joining forces with other exchanges to promote and facilitate green finance, we strive to accelerate the sustainable finance agenda and increase awareness of and interest in investment projects that support the sustainable development that our world needs.”