Sukuk

Shareholders of Jaiz Bank Plc has approved the Board of Directors request to raise N150bn through issuance of Sukuk or Equity from the Nigerian capital market. The approval was secured Tuesday at the Bank’s 10th Annual General Meeting…

AMINA HUSSAINI, Abuja Some jobs may have been saved from the impacts of the Covid-19 and the economy more liquid with the injection of a total of N995.665 billion for capital projects in the implementation of the 2020 revised budget.…

UMORU ABDULKADIR The Securities and Exchange Commission (SEC) has said that the release of rules on Sukuk bonds has enhanced the issuance process and fostered participation in the instrument. This was stated by Acting Director General…

Barbara Bako, Abuja. If the National Assembly Approves, the Debt Management Office (DMO) will borrow N1.648 trillion for 2019 fiscal year. Patience Oniha, DMO Director General (DG) announced while releasing the Public Debt Data…

The Federal Government on Tuesday promised to complete all ongoing road projects in the South-South Zone before the end of 2020. The Director of Highways, South-South, Mr Godwin Eke, stated this while conducting newsmen on an inspection…

BARBARA BAKO, Abuja. With the successful issuance of Sukuk Bond from which over N100 billion was generated, the federal government is planning the issuance of fresh Sukuk to fund other infrastructure as it looks to bridge the deficit in…

Barbara Bako, Abuja. The road sector will be the major beneficiary of the N100 billion proceeds from the Sovereign Sukuk bonds as the federal government has lined up 642.69 kilometre of roads for construction from the funds shared…

The Debt Management Office (DMO) on Thursday started a national road show in Lagos in preparation for the issuance of the much awaited N100 billion non-interest bearing Sukuk bond. The DMO in a statement issued on in Abuja, said the road…