The Debt Management Office has appointed Lotus Financial Services Limited as joint financial adviser to the second tranche of the N100bn Sukuk floated by the Federal Government of Nigeria. According to a statement from the firm, the appointment is coming for the second year running as a result of the firm’s performance and role in…

The Technical Committee on Non-interest capital market has said the first sovereign Sukuk attracted over N5b into the market from 1,600 retail investors in 2017.   It also said the next level of engagements was to work with supra-national entities (such as IFC, AfDB), state governments, institutions, such as Federal Mortgage Bank to include Sukuk…

Efforts to tackle the nation’s infrastructure deficit is yielding a reasonable result, as the Federal Government through the Ministry of Finance, and the Debt Management Office (DMO), last week, listed the ₦100 billion Federal Roads Sukuk on the FMDQ OTC Securities Exchange platform. The seven-year, 16.47 per cent Ijarah Sukuk due 2024 and the first…

The Federal Government is to utilise Infrastructure Bond Investment from finance institutions and investors to fast-track road/bridge projects development across the country.

President Muhammadu Buhari has vowed to deal with those responsible for the fuel scarcity that inflicted severe hardship on Nigerians, especially during the yuletide.

President Muhammadu Buhari yesterday presented to a joint session of the National Assembly a budget estimate of N8.612 trillion for the 2018 fiscal year.

We, in the Christian Association of Nigeria and all objective citizens of this country have observed that for a long time now, one government after the other has been tilting policies and actions towards making our country an Islamic one.

The Securities and Exchange Commission (SEC) has stated that the sovereign sukuk bond to be launched in the first quarter of 2017 would enjoy all tax concessions granted to the corporate bonds.