The Debt Management Office (DMO) has listed the N162.557billion, 7-year, FGN Ijarah Sukuk with a rental rate of 11.20% on the floor of the Nigerian Exchange (NGX) Limited on Thursday, 18 March 2021.
The last few days have been filled with various analysis of government’s moves to fund the state’s infrastructural/ developmental projects that have been fixated, languishing in neglect and abandonment for decades in Niger state. It may be interesting to note that the projects, some of which have fallen into disrepair and cannot be repaired or […]
The Federal Government has said that there is no plan to Islamise the country with the recent issuance of its N100bn Sukuk bond. The Minister of Finance, Mrs. Kemi Adeosun, said this on the sidelines of an investor conference organised by Stanbic IBTC Bank in Lagos. Offer for subscription for the Sukuk bond closed on […]
Sukuk Issuance Gets Major Boost …guidelines for granting liquid assets approved The Sukuk Inssuance, the non-interest equivalent of bonds has recieved the Central Bank of Nigeria (CBN) approval “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. The Securities and Exchange Commission (SEC) who brought this information to the capital market […]