DMO lists N250 billion Sovereign Sukuk on NSE, FMDQ
The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on the Nigerian Exchange (NSE) Group and the FMDQ Securities Exchange.
“To maximise market liquidity for investors in the Sovereign Sukuk, the DMO is listing the N250 billion Sovereign Sukuk, which was issued in December 2021, on the NSE and the FMDQ Securities Exchange,” said the DMO. “The N250 Billion Sovereign Sukuk is the fourth one issued by the DMO and had a massive oversubscription of N865 Billion at time of issuance.”
This, the DMO said, was the highest recorded since September 2017.
It added that the proceeds of the Sovereign Sukuk since its inception had been deployed towards the construction and rehabilitation of road networks across the six geopolitical zones.
“Currently, proceeds from the N250 billion Sovereign Sukuk are being utilised across 77 key economic road projects in the country. The projects include the completion of roads B6, B12 and Circle road, Abuja; Abuja-Lokoja road (Koton Karfe-Lokoja); and rehabilitation of Yola-Hong-Mubi road in Adamawa,” it disclosed. “Others are dualisation of Kano-Katsina road; dualisation of Sapele-Ewu road; rehabilitation Of Old Enugu – Onitsha road; dualisation of Ibadan-Ife-Ilesha road; dualisation Of Akure – Ado Ekiti road, among others.”
DMO started the issuance of sovereign Sukuk in September 2017 as one of the measures toward attaining its strategic objective of bridging the infrastructure gap in Nigeria to promote job creation and economic growth.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
We are open to public scrutiny, NELFUND tells Nigerians
The managing director said that NELFUND, under his watch, would not deviate from its sole mandate of giving as many loans as possible to Nigerians in need of them.
Showbiz
Veteran Nollywood actor Ogunjimi is dead
Legendary Yoruba Nollywood actor Ganiyu Oyeyemi, also known as Ogunjimi, has died.
NationWide
FG moves to finalise national intellectual property policy
The NCC boss said the policy would be a blueprint for a more efficient, modern, responsive legal and administrative framework to leverage creative and innovative potential.
States
Three killed, two injured in Kano building collapse: NEMA
Nuradeen Abdullahi, NEMA Kano territorial coordinator, confirmed the incident and casualty figures to journalists on Friday in Kano.
Health
Enugu health commissioner pushes for Nigerian-made malaria vaccines
He said this was the time to call on Nigeria to look into the possibilities of manufacturing malaria vaccines in our environment.
States
Husband of missing police officer seeks IGP’s intervention
The husband said Mrs Ruth and four of her colleagues went missing on February 13 after an ambush during their official assignment to Abia.