Nigeria aims to issue N250 billion Sukuk bond
The debt office is issuing its fourth Sukuk bond in four years.
The debt office is issuing its fourth Sukuk bond in four years.
The Ijarah Sukuk has a seven-year tenor at a rental rate of 11.20 per cent.
The Debt Management Office decries the country's debt service to revenue ratio.
Mr Fashola said the firm is a 'Nigerian company', hence preferred above others.
The senator accuses the governor of misappropriation.
The bond is part of a third funding plan to rehabilitate and reactivate essential infrastructure in the state
The projects are being funded partly by proceeds of the Sukuk bond
The bond was raised to for the rehabilitation of 25 key road projects.
The N100 billion is meant for construction of 25 roads across Nigeria.
The Christian body says the vice president should not discredit CAN.
Projects in each geo-political zone will gulp about N16.67 billion.
The seven-year sukuk attracted a subscription of N105,878,320,000, according to the DMO.
NSCIA urges muslims to be patient and tolerant in the face of provocations.
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