DMO appoints Lotus as financial adviser to FG’s N100bn Sukuk
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…
First sovereign Sukuk attracts over N5bn in 2017, says committee
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…
FMDQ OTC admits N100 billion infrastructure Sukuk on platform
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…
Tax relief, Islamic banking not enough for infrastructure in Nigeria, says Fashola
The Federal Government is to utilise Infrastructure Bond Investment from finance institutions and investors to fast-track road/bridge projects development across the country.
Buhari vows to deal with fuel hoarders who blackmail Nigerians
President Muhammadu Buhari has vowed to deal with those responsible for the fuel scarcity that inflicted severe hardship on Nigerians, especially during the yuletide.
Sukuk: Government should avoid subtle religious impositions — Clerics
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.