As the first ever Nigerian sovereign Sukuk issued in 2017 matured and was finally settled. This is another Milestone in Islamic Finance Industry in Nigeria, according to Prof. AbdulRazzaq AbdulMajeed Alaro. Sukuk, a form of Public Private Partnership (PPP), was Read more…
The Debt Management Office (DMO) Nigeria is a government agency established to centrally coordinate the management of Nigeria’s debt. It is committed to meeting investors’ needs while also promoting the growth of the domestic capital market. The N150 billion Sukuk Read more…
The Sukuk is a powerful tool that will enable the State mobilize resources directly towards critical infrastructure. On behalf of the Federal Government of Nigeria (FGN), the Debt Management Office (DMO) are offering the Sovereign Sukuk at 15.2% per annum. Read more…
Godiya ga Sukuk; a kalla hanyoyi 71 dake sassa daban daban na kasar nan, zasu amfana da shirin gina su, koma gyara ga wasu, yayin da shirin zaiyi kokarin samar da gadoji 4 domin saukaka sufurin tafiye tafiye, dakon kaya, Read more…
The Debt Management Office (DMO), on Monday released the proceeds of the N130 billion Sukuk bond for the development of road infrastructure to the Federal Ministry of Works and Housing and Federal Capital Territory Administration (FCTA). The Minister of Finance, Read more…
Fast-emerging third-party logistics firm Pomegranate Nigeria Limited (PNL) was able to successfully finance N2.25 billion in Ijarah Sukuk 3-year Note to pay for the purchase of 40 additional logistical trucks to fulfill recently signed contracts. PNL render services that allows Read more…
The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria, begins offering for subscription of N100bn 10-year Sukuk due 2032 at 15.64% per annum. The subscription offer opens today and closes November 29, 2022. Sukuk bonds are Read more…
Rent on Sukuk bonds jumped from N8.17 billion in the first quarter of 2022 to N33.13 billion in the second quarter, according to an analysis of the Federal Government’s domestic debt service report by the Debt Management Office (DMO) Nigeria Read more…
Interest free banking is a narrow concept denoting a number of banking instruments or operations which avoid interest. A non-interest lending institution in Nigeria named TAJ Bank has announced the start of its N10 billion (15%) Series 1 Sukuk issuance Read more…
