Tag: Sukuk

FG Opens N150b Offers For Sukuk Bonds
October 4, 2023 No Responses

FG Opens N150b Offers For Sukuk Bonds

The Federal government through the Debt Management Office (DMO) has opened offers for subscriptions for 10 years of Ijarah Sukuk at 15.75% interest per annum due in October 2033. DMO explained on Tuesday that the subscription period is billed to...
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DMO Lists N130b Sukuk On NGX, FMDQ
August 4, 2023 No Responses

DMO Lists N130b Sukuk On NGX, FMDQ

The Debt Management Office (DMO) has listed the N130 billion Sovereign Sukuk on the Nigerian Exchange Group (NGX) and the FMDQ Securities and Exchange. A statement issued by DMO explained that the instrument was opened for subscription in November 2022,...
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DMO Presents N130b Sukuk Cheque To FMWH, FCTA  
February 7, 2023 No Responses

DMO Presents N130b Sukuk Cheque To FMWH, FCTA  

The Debt Management Office, on Monday, presented cheques of N130 billion being Proceeds of the 2022 Sovereign Sukuk offer to the implementing ministries.   The implementing ministries were the Federal Ministry of Works and Housing (FMWH) and the Federal Capit...
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DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit
November 21, 2022 No Responses

DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit

The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government.   It stated in Abuja that the offer is of 10-year tenor due for maturity...
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DMO Lists N250b Sovereign Sukuk on NSE, FMDQ
July 6, 2022 No Responses

DMO Lists N250b Sovereign Sukuk on NSE, FMDQ

The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Limited and the FMDQ Securities Exchange. The News Agency of Nigeria (NAN) reports that the N250 billion Sovereign Sukuk was issued in December 2021. ....
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TAJBank Explains N100b Maiden Sukuk Offering For Private Sector
June 7, 2022 No Responses

TAJBank Explains N100b Maiden Sukuk Offering For Private Sector

TAJBank Limited, Nigeria’s leading non-interest bank, is set to launch Nigeria’s first private sector Sukuk offering valued at N100 billion.  According to a statement by the bank’s Managing Director, Mr Hamid Joda, the Sukuk offering is currently un...
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Stockbrokers Implore Nigerians On FG’s N150b Sukuk
May 31, 2020 No Responses

Stockbrokers Implore Nigerians On FG’s N150b Sukuk

The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk. The N150 billion Sukuk, a profitable financial instrument presently on sale to the investing pu...
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DMO Lists FGN’s N100b SUKUK
July 24, 2019 No Responses

DMO Lists FGN’s N100b SUKUK

By Moses Ebosele, ebosele@hotmail.com  – – Debt Management Office (DMO) on Tuesday listed on the Nigerian Stock Exchange (NSE), the second ₦100bn, 7-Year, FGN Sukuk due to mature in 2025. The Sukuk was raised at a rental rate of 15.743%,...
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