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...

Nigeria Lagging Behind In $2trn Islamic Finance Market - Minister   Zainab Ahmed, Minister of Finance, Budget and National Planning says the penetration of Islamic financing in Nigeria is low and remains insignificant in the over $2 trillion global market, despite potentials to drive a more...

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...

The Federal Government has commenced a national roadshow in preparatory to the issuance of N100billion non-interest bearing Islamic bond, better known as Sukuk. A statement issued by the Debt Management Office in Abuja said the roadshow will be led by the Director-General of the DMO,...

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. Following high levels of investor interest, the initial target of US$100 million was more than twice oversubscribed,...