The Federal Government of Nigeria has secured a sum of N1.1 trillion ($657.6m), through six Sovereign Sukuk to fund 124 federal road projects spanning over 5,820 kilometres across the six geopolitical zones. Director-General of Securities and Exchange Commission (SEC), Dr Emomotimi Agama, who stated this during the ongoing 2nd International Islamic Capital Market Conference in…
The Federal Government has announced the launch of Eurobonds worth $500 million under its Global Medium Term Note Programme to finance the 2024 budget deficit. The federal government intends to issue the Eurobonds in two tranches. The first is a six-and-a-half-year bond with a coupon rate of 10.125 per cent, while the second tranche is…
By Rabiu Murtala Hamza, Kano Kano state government is planning to issue its first Sukuk ( Islamic bond) to finance road infrastructure in 2025. Kano State Governor Abba Kabir Yusuf revealed this on Wednesday at a summit themed “Islamic Finance for Regional Prosperity and National Development”. Represented by the Commissioner of Religion Affairs, Sheikh Tijjani…
The Federal Government has announced the listing of a N130 billion sovereign sukuk, the Sharia compliant bond, on the Nigerian Exchange and FMDQ. A statement on Wednesday from the Debt Management Office, DMO, which issues debt instrument on behalf of the government said the latest sukuk will be available for subscription from August 8, 2023….
