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Tag "Sukuk"

Nigeria’s growing Islamic finance assets insignificant in $2trn global market, says Shettima

    Nigeria’s growing Islamic finance assets insignificant in $2trn global market, says Shettima

Vice-President Kashim Shettima says despite its huge potential to drive a more competitive economy, Nigeria’s finance sector is lagging behind in adopting Islamic finance. Shettima spoke at the 6th African

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DMO: Nigeria’s N150bn Sukuk offering oversubscribed by 435%

    DMO: Nigeria’s N150bn Sukuk offering oversubscribed by 435%

The Debt Management Office (DMO) says the country’s Sukuk instrument valued at N150 billion ended with a subscription level of over N652 billion. This is an oversubscription of 435 percent,

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DMO: Financing infrastructural projects with Sukuk created jobs for Nigerians

    DMO: Financing infrastructural projects with Sukuk created jobs for Nigerians

The Debt Management Office (DMO) says the financing of infrastructural projects with Sukuk has improved the standard of living of Nigerians as well as the economic growth of the country. 

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FG approves N3bn Sukuk fund for rehabilitation of Numan-Jalingo road

    FG approves N3bn Sukuk fund for rehabilitation of Numan-Jalingo road

Mu’azu Sambo, minister of state for works and housing, says there is a provision of N3 billion Sukuk fund in 2022 by the federal government for the rehabilitation of Numan-Jalingo

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ICYMI: Nigeria’s fourth N250bn Sukuk offering oversubscribed by 346%

  ICYMI: Nigeria’s fourth N250bn Sukuk offering oversubscribed by 346%

The Debt Management Office (DMO) says the country’s fourth road Sukuk instrument valued at N250 billion ended with a subscription

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Sukuk: We’ll work with FCT, Niger Delta ministry on road projects, says DMO

  Sukuk: We’ll work with FCT, Niger Delta ministry on road projects, says DMO

The Debt Management Office (DMO) says road projects in the Niger Delta and federal capital territory (FCT) will take priority

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DMO offers 10-year N250bn Sukuk for subscription

  DMO offers 10-year N250bn Sukuk for subscription

The Debt Management Office (DMO) says it is offering a 10-year N250 billion road Sukuk instrument at a rental rate

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Fashola: FG constructing 44 road projects with Sukuk funds

  Fashola: FG constructing 44 road projects with Sukuk funds

Babatunde Fashola, minister of works and housing, says 44 road projects are currently funded under the Sukuk programme. Fashola said

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Jaiz Bank MD: FG raised N350bn from Sukuk in three years

  Jaiz Bank MD: FG raised N350bn from Sukuk in three years

Hassan Usman, managing director and chief executive officer of Jaiz Bank Plc, says the federal government raised N350 billion from

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Family Homes Funds issues N10bn bond — Nigeria’s first corporate Sukuk

  Family Homes Funds issues N10bn bond — Nigeria’s first corporate Sukuk

The Family Homes Funds Limited has issued a seven-year N10 billion corporate Sukuk, the first ever in the country.  This

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