ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

DMO lists N162.5 billion Sukuk on NSE, FMDQ

18th March 2021
in Business, National
0
DMO lists N162.5 billion Sukuk on NSE, FMDQ
0
SHARES
113
VIEWS
Share on FacebookShare on Twitter

From Uche Usim, Abuja

The Debt Management Office (DMO) on Thursday listed its third Sovereign Sukuk, a N162.557 billion seven-year 11.200% Al Ijarah Sukuk, due by 2027 on the Nigerian Stock Exchange and the FMDQ Securities Exchange.

The DMO, in a statement, noted that the Sukuk, which at the time of issuance, was massively subscribed to the tune of N669.124 billion (or 446%), was issued to finance 44 economic road projects across the six geopolitical zones.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

The agency added that with the listing, investors who are already holding the Sukuk can trade them while new investors have an opportunity to buy the Sukuk in the secondary market.

The DMO started the issuance of Sovereign Sukuk in September 2017 as one of the measures towards attaining its strategic objective of bridging the infrastructure gap in Nigeria to promote job creation and economic growth.

‘Following the successful issuance of the N100 billion debut Sukuk in 2017, the DMO issued another N100 billion Sukuk in 2018. The proceeds of the two Sukuks were deployed to the rehabilitation and reconstruction of road projects across Nigeria.

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

‘Through the Sovereign Sukuk initiative, the DMO has raised a total sum of N362.57 billion in less than three years for the rehabilitation and construction of major economic roads across the country.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .

‘In addition, by issuing Sovereign Sukuk, the product range available to investors in the domestic financial market has increased, while several retail investors have been attracted to the financial markets.

Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

‘The DMO remains committed to providing funding for the Government, as approved from time to time, to finance the development of infrastructure whilst also deepening the domestic financial markets and mobilizing savings,’ it explained in a statement.

A Sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law commonly known as Sharia. The issuer must also make a contractual promise to buy back the bond at a future date at par value.

The main difference between bonds and Sukuks is that while bonds are financial certificates through which investors lend money to the issuer, indicating an obligation for repayment at maturity, Sukuk holders receive a share of the profit generated by the underlying asset.

Bondholders receive regular interest payments.

Partner with me, let's get you making N500K to N500K a month! Skills open the doors to financial opportunities Click here to learn it .
Tags: al ijarah sukukBondsdebt management officeDMOfinancefinancial certificatesFMDQ securities exchangeislamic financenigerian stock exchangestock market
David

David

Sun News Online team

Related Posts

2021: FBNInsurance declares 74 kobo dividend
Business

2021: FBNInsurance declares 74 kobo dividend

27th May 2022
We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF
National

We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF

27th May 2022
UNICEF
National

Fortunes of Nigerian children dwindling significantly, says UNICEF

27th May 2022
Next Post
court

Boat driver makes no-case submission over alleged killing of 13 passengers

Kebbi: Kidnapped teen daughter of NSCDC officer freed

Kebbi: Kidnapped teen daughter of NSCDC officer freed

Buhari mourns Magufuli, Tanzania late president

Buhari mourns Magufuli, Tanzania late president

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

Senators Otu, Onor clinch APC, PDP governorship tickets in Cross River

We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF

Fortunes of Nigerian children dwindling significantly, says UNICEF

Ahmadu Bello Foundation raises alarm over state of the nation, says Nigeria in deep socio-economic crisis

Children’s Day: Betsy Obaseki eulogises children, says Nigeria’s future is bright

Murder of Harira and kids: Hausa community in Anambra pledges peace, commends Soludo

Trending

INEC calls for review of gender policy
Politics

INEC under fresh pressure to shift deadline for primaries, submission of candidates’ names

27th May 2022
0

  The Independent National Electoral Commission (INEC) is under fresh pressure to shift deadline for political parties...

Ex-Gov Obi to speak at Chrisland varsity maiden convocation

2023: Obi joins Labour Party, writes supporters

27th May 2022
2021: FBNInsurance declares 74 kobo dividend

2021: FBNInsurance declares 74 kobo dividend

27th May 2022
Senators Otu, Onor clinch APC, PDP governorship tickets in Cross River

Senators Otu, Onor clinch APC, PDP governorship tickets in Cross River

27th May 2022
We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF

We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF

27th May 2022

Follow us on social media:

Latest News

  • INEC under fresh pressure to shift deadline for primaries, submission of candidates’ names
  • 2023: Obi joins Labour Party, writes supporters
  • 2021: FBNInsurance declares 74 kobo dividend
  • Senators Otu, Onor clinch APC, PDP governorship tickets in Cross River
  • We’ve documented over 200,000 Almajarai in Kaduna State – UNICEF
  • Fortunes of Nigerian children dwindling significantly, says UNICEF
  • Ahmadu Bello Foundation raises alarm over state of the nation, says Nigeria in deep socio-economic crisis
  • Children’s Day: Betsy Obaseki eulogises children, says Nigeria’s future is bright
  • Murder of Harira and kids: Hausa community in Anambra pledges peace, commends Soludo
  • 2023: SERA charges APC on consensus presidential candidate
  • BREAKING: INEC bows to pressure, agrees to reconsider deadline for party primaries
  •  FG  to introduce e-procurement system for effective contract documentation 
  • Taraba APC Primaries: Bwacha extends olive branch to aggrieved aspirants
  • Road to 2023: PDP’ll restore dignity of Plateau people-Mutfwang, PDP candidate
  • Nigerian High Commissioner laments absence of Nigerian university in top 200 varsities globally
  • Nasarawa APC may witness Zamfara/Rivers scenario, party risk disqualification 
  • Taraba APC primaries: correct this travesty or risk our wrath forum of  aspirants threaten 
  • 2023:  Kaduna politicians to lose over 70,000 votes If governor El-rufai demolishes, relocates our villages-community leader
  • Al’ameen congratulates APC, over success of governorship primaries 
  • Presidency:  Gov Ganduje rallies Kano delegates for Fayemi, says he won’t pay his kindness with evil

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....