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Nigeria Issues N100b Sovereign Sukuk For Subscription - Business - Nairaland

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Over N100b Belonging To Investors Still Uncollected—sec / All You Need To Know As Nigeria Starts Sale Of 100 Bln Naira FGN Sukuk / Anambra State Business Directory Now Open For Subscription... Hurry Now!!! (2) (3) (4)

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Nigeria Issues N100b Sovereign Sukuk For Subscription by mrakeli62: 4:08am On Dec 07, 2018
The Federal Government has begun the sale of its second tranche 7-year N100 billion Sovereign Sukuk, the Debt Management Office (DMO), said on Thursday.

The offer circular, which was obtained from its website, said the seven year Islamic Sukuk, referred to as Ijarah is at a rental rate of 15.74 per cent and would be due in 2025.

The bond, which is aimed at funding road infrastructure across the six geo-political zones, is payable semi-annually.

Subscription for the bond, which is guaranteed by the government, will close on Dec. 17.


The circular said subscribers could purchase N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter with First Bank and Islamic wealth manager, Lotus Capital managing the sale.

The DMO said it qualified as securities in which trustees could invest under the Trustee Investment Act and as government securities within the meaning of Company Income Tax Act (CITA) and Personal Income Tax Act (PITA) for Tax Exemption for Pension Funds.

It will also be listed on the Nigerian Stock Exchange (NSE) and on FMDQ Over-The-Counter (OTC) platform and be classified as liquid asset by the Central Bank of Nigeria (CBN).

It is also certified by the Financial Regulatory Advisory Council of Experts (FRACE) of the CBN, the circular said.

The News Agency of Nigeria (NAN) recalls that the Federal Government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geopolitical zones of the country.

https://www.akelicious.net/2018/12/nigeria-issues-n100b-sovereign-sukuk.html

2 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by helinues: 7:13am On Dec 07, 2018
How can I get one?
What's the maximum unit I can purchase?
Hope we wont hear story after 7 years cos it must be new government entirely.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Ayorinwolemi: 7:13am On Dec 07, 2018
ok
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:14am On Dec 07, 2018
APC last minute looting...?

8 Likes 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by versashee: 7:14am On Dec 07, 2018
Lost
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by MCMXCVIII: 7:14am On Dec 07, 2018
Please person that af chop this morning should come and explain.
My sense is on strike.

9 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:15am On Dec 07, 2018
Federal Government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geopolitical zones of the country.
This government is working assiduously.
Thumbs up!

19 Likes 4 Shares

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Iniotong(m): 7:15am On Dec 07, 2018
See money shocked
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Thickcok01: 7:15am On Dec 07, 2018
How this news take reduce my HIV status
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by basty: 7:15am On Dec 07, 2018
Are we gradually drifting into an Islamic state?

3 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by lordinoh(m): 7:16am On Dec 07, 2018
Ok
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:16am On Dec 07, 2018
Nigeria local and foreign debts skyrocketing under the failed & fraudulent party of rogues

7 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by OzziOhinoyi(m): 7:16am On Dec 07, 2018
cool
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by GreenNegro(m): 7:16am On Dec 07, 2018
Nice one
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:16am On Dec 07, 2018
TheGreenLand:
Federal Government had in 2017, raised a N100 billion 7-year debut Sukuk bond for the financing of 25 road projects across the six geopolitical zones of the country.
This government is working assiduously.
Thumbs up!


This is beyond your knowledge sir. Future mortgaged!

15 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Kylekent59: 7:17am On Dec 07, 2018
Happy Birth Day To Me smiley

Thank you lord for another blissful chance to celebrate this life of mine,i am so grateful..

23 Likes 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by InvertedHammer: 7:19am On Dec 07, 2018
/
2025 maturity.

Adjusted for inflation, will this make economic sense?

N5m invested in sukuk vs N5m invested in lands acquisitions (considering the peculiar Nigeria's business environment), which will give a better yield?

What is the ROI for those who invested in the OBJ's era much touted Transcorp Hilton? Be wary of investing in government when possible tenure end is nigh.

Common sense. Leave textbooks alone.
/

3 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by kaymandak(m): 7:20am On Dec 07, 2018
crownwealth:
APC last minute looting...?
Get sense

3 Likes 2 Shares

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:20am On Dec 07, 2018
Shukuk bond sad
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:21am On Dec 07, 2018
kaymandak:

Get sense

Use your brain. They are stealing your future already.

1 Like

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Gosj01(m): 7:22am On Dec 07, 2018
Money flying everywhere.




I sell clean, good and cheap laptops. More in signature.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:23am On Dec 07, 2018
InvertedHammer:
/
2025 maturity.

Adjusted for inflation, will this make economic sense?

N5m invested in sukuk vs N5m invested in lands acquisitions (considering the peculiar Nigeria's business environment), which will give a better yield?

What is the ROI for those who invested in the OBJ's era much touted Transcorp Hilton? Be wary of investing in government when possible tenure end is nigh.

Common sense. Leave textbooks alone.
/


Brainwashed Zone Bs will never understand.

3 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:25am On Dec 07, 2018
crownwealth:
Nigeria local and foreign debts skyrocketing under the failed & fraudulent party of rogues
What ever you don't know ask maturly and stop embarrassing your self in the public all because you hate.


Note: haters will never move forward unless they change!

6 Likes 3 Shares

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by israelmao(m): 7:25am On Dec 07, 2018
Good way to curb external borrowing or manage external debt.I miss Kemi's cockney accent.

2 Likes

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:26am On Dec 07, 2018
Kylekent59:
Happy Birth Day To Me smiley

Thank you lord for another blissful chance to celebrate this life of mine,i am so grateful..
Happy birthday and many happy returns of the day.
May God grant your heart desires.
Enjoy your day paddy.

1 Like 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:26am On Dec 07, 2018
helinues:
How can I get one?
What's the maximum unit I can purchase?
Hope we wont hear story after 7 years cos it must be new government entirely.

Does Transcorp ring a bell?

1 Like

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Stalwert: 7:26am On Dec 07, 2018
great grin grin grin more wailing tea to the wailers

2 Likes 2 Shares

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:26am On Dec 07, 2018
77up:
What ever you don't know ask maturly and stop embarrassing your self in the public all because you hate.


Note: haters will never move forward unless they change!


Wetin dis one dey talk?

Anyway, this topic is beyond your comprehension.

2 Likes 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:27am On Dec 07, 2018
77up:
What ever you don't know ask maturly and stop embarrassing your self in the public all because you hate.


Note: haters will never move forward unless they change!
You even have time to reply that illiterate bro.
The boy called crownwealth is a sorry case.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:27am On Dec 07, 2018
Stalwert:
great grin grin grin more wailing tea to the wailers
Lol cheesy, they are wailing already bro.
Like that crownwealth above, the real wailing zombie.
See them mouth....

2 Likes 2 Shares

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