Thursday, April 22, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result

DMO lists N162.56bn Sukuk to finance Nigeria’s key projects

Ehime Alex by Ehime Alex
March 18, 2021
in Front Page, Markets & Companies
0
DMO lists N162.56bn Sukuk to finance Nigeria’s key projects

Director-General, DMO, Ms Patience Oniha

0
SHARES
24
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Debt Management Office, on Thursday, listed the N162.557bn, seven-year, FGN Ijarah Sukuk with a rental rate of 11.20 per cent on the floor of the Nigerian Exchange Limited.

The NGX disclosed this in a statement made available to Financial Street.

READ ALSO

GTBank’s PBT drops by 7.77%

‘Africa’s print market requires collaborations for growth’

It explained that the third sovereign Sukuk was issued on June 16, 2020, and would finance the rehabilitation and construction of key economic road projects across the six geopolitical zones in the country.

Read Also:

  • Why Nigeria's debt keeps increasing – Zakka
    Why Nigeria's debt keeps increasing – Zakka
  • EACOP worth pursuing, beneficial to Tanzanian, Ugandan communities
    EACOP worth pursuing, beneficial to Tanzanian,…
  • Emzor lists N13.7bn bond on NGX
    Emzor lists N13.7bn bond on NGX

“With this listing, members of the general public who invested in the 2020 Sukuk bonds can now sell their investments and those who wish to invest in Sukuk can now do so,” the NGX said.

Commenting on the listing, the Director-General, DMO, Ms Patience Oniha, said, “We are excited that the trading of this Sukuk is now permissible having fulfilled the condition for listing stipulated by the Financial Regulatory Advisory Council of Experts of the Central Bank of Nigeria.

“The FGN Sukuk may only be listed for trading on relevant exchanges after the commencement of works on the road project for the construction of the Sukuk assets,”

Oniha explained that this was in order to create a pool of assets consisting of non-financial and financial assets that could be freely traded while avoiding the prohibition of dealing in interest-based transactions arising out of the sale of debt and exchange of currency not at par.

The NGX welcomed the listing of the Sukuk on the bourse, saying it would provide an exit opportunity for existing investors and further deepen the Nigerian capital market, particularly the relatively nascent Sukuk market.
close
Subscribe to our newsletter and join thousands of readers of our financial, economic & investments news blog!
We don't spam with your email

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: DMONigeriaProject financeSukuk

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Related Posts

GTBank’s PBT drops by 7.77%
Companies

GTBank’s PBT drops by 7.77%

April 22, 2021
Canon launches five entry-level printers
Companies

‘Africa’s print market requires collaborations for growth’

April 22, 2021
ASECNA, NIGCOMSAT, Thales Alenia to boost development of African aviation
Aviation

African aviation sector faces sanctions

April 22, 2021
Why Nigerian consumers prefer foreign goods
CONSUMER PERSPECTIVE

Why Nigerian consumers prefer foreign goods

April 21, 2021
Financial Street - NSE to host 4th edition of equities market data workshop
Stock Market

Nigerian stocks inch higher by 0.29%

April 21, 2021
CBN issues categorisation for payment system
Front Page

FIS’ payment solution offers growth opportunities for Nigeria, others

April 21, 2021
Next Post
Development finance institutions pledge to sustain COVID-19 mitigation, livelihood recovery

ICD extends €8m to finance private sector devt

RECENT STORIES

GTBank’s PBT drops by 7.77%

GTBank’s PBT drops by 7.77%

April 22, 2021
Canon launches five entry-level printers

‘Africa’s print market requires collaborations for growth’

April 22, 2021
Establishing an advertising agency

Establishing an advertising agency

April 22, 2021
ASECNA, NIGCOMSAT, Thales Alenia to boost development of African aviation

African aviation sector faces sanctions

April 22, 2021

Watch this space!

April 22, 2021
Why Nigerian consumers prefer foreign goods

Why Nigerian consumers prefer foreign goods

April 21, 2021
Curbing plastic waste in Mauritius

Waste recycling plant underway in Imo

April 21, 2021

TRENDING

  • CBN warns Nigerians against falling victim to cybercrime

    CBN’s FX restrictions and Nigerian consumers

    2 shares
    Share 0 Tweet 0
  • Blame govt for high cement price – Banjoko

    0 shares
    Share 0 Tweet 0
  • Why Nigeria’s debt keeps increasing – Zakka

    0 shares
    Share 0 Tweet 0
  • African aviation sector faces sanctions

    0 shares
    Share 0 Tweet 0
  • As controversy dogs Africa’s longest oil pipeline

    0 shares
    Share 0 Tweet 0
Financial Street is a meeting point for technology, economy, and journalism.

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS