Fed Govt Gives N250bn Sukuk Bond To Three Ministries   The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries for the implementation of capital projects across the country. These are the Ministry of Works and Housing, Ministry of Federal Capital Territory,...

Fed Govt Plans N250bn Lifeline For MSMEs   The Federal Government plans to disburse N250bn as loans to Medium-scale, Small and Micro Enterprises to boost job creation across the country. According to the National Development Plan 2021–2025 (Volume II), the Federal Government plans to increase loan disbursements...

FG To Spend N250bn Sukuk On Abuja, Niger Delta Road Projects - DMO     The Debt Management Office says the proposed N250bn sukuk will be used to finance key economic road projects identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration, and...

DMO Offers N250bn Sukuk For Subscription   The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. In a statement, DMO indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the Federal...

DMO To Issue N250bn Sukuk For Road Projects   The Debt Management Office says it is set to issue another sovereign sukuk this year for an expected amount of N200bn to N250bn to finance critical road projects across the country. It disclosed this in a statement on...

N250bn Required Yearly To Manage Highways – FERMA       The Managing Director/Chief Executive Officer, Federal Roads Maintenance Agency (FERMA), Mr Nurudeen Rafindadi, said on Tuesday that the agency would need between N200bn and N250bn annually to keep the federal highway network in manageable condition. He lamented that...