FG Sukuk bond oversubscribed, receives N132bn for N100bn offer
The Federal Government received over N132 billion subscriptions from 2,073 investors for its N100 billion 7-year 15.74 per cent Sukuk offer, the Debt Management Office (DMO) has said. The DMO, in a statement in Abuja on Saturday, announced the result and added that the bond would be due in 2025. It said that the high…
The absolute sense of infrastructure investments in Nigeria
Like never before in Nigeria’s 57-year history, this administration has shown great interest in investing heavily in power generation, road construction, power transmission, rail lines, seaports, housing and other heavy infrastructure across the nation.
The trouble with bond yields and changing investors’ appetite
Indeed, the secondary market segment of the Nigerian Stock Exchange (NSE) that is supposed to excite issuers and spur primary market activities for IPOs have witnessed fewer activities in the last few years.
If Sukuk bond were from sacerdotal and calvinistic societies
Sir: The Christian Association of Nigeria (CAN), has raised the red flag against the planned Islamisation of Nigeria, no thanks to the proposed issuance of Sukuk bond by the Federal Government...