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FG raises N362.57bn in three years via Sukuk

…offer oversubscribed by 446% The Debt Management Office (DMO) has raised a total sum of N362.57 billion via Sukuk specifically for the financing of some key infrastructure projects across the country. The debt agency, which confirmed the figure in a statement in Abuja yesterday, added that the recent ond of N162 .557 billion listed yesterday […]

Business

S&P: Islamic loans as gap for sukuk’s shortcomings

The Islamic syndicated loans market has been modestly outperforming sukuk in 2020, after Islamic countries were hit hard by the double impact of COVID-19 and low oil prices, S&P Global Ratings has said. According to the rating agency, Sukuk issuance fell by 27 percent year-on-year in the first half of 2020, while syndicated loans in […]

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