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Nigeria Issues N100b Sovereign Sukuk For Subscription - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigeria Issues N100b Sovereign Sukuk For Subscription (9877 Views)

N100b Bec Is Available Duration 6months. / Over N100b Belonging To Investors Still Uncollected—sec / First Sovereign Sukuk Attracts Over N5bn In 2017, Says Committee (2) (3) (4)

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Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:28am On Dec 07, 2018
"When you hear it in the news, it is already too late"
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:28am On Dec 07, 2018
TheGreenLand:

You even have time to reply that illiterate bro.
The boy called crownwealth is a sorry case.

You are a complete sorry element. Mr ZoneB! grin

1 Like

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by helinues: 7:28am On Dec 07, 2018
greyham:


Does Transcorp ring a bell?

Hahahahhaa

Usain Bolt sharply
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by crownwealth: 7:30am On Dec 07, 2018
TheGreenLand:

Lol cheesy, they are willing already bro.
Like that crownwealth above, the real wailing zombie.
See them mouth....

No be willing, na willy Willy grin
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by AfonjaOgbuisi: 7:31am On Dec 07, 2018
kaymandak:

Get sense

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by daporclooney(m): 7:31am On Dec 07, 2018
This current government are selling the future,they lack basic economics sense to take talented, young and hungry Nigerian to the next level.Thinking is an hard job.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by spiritedtete: 7:31am On Dec 07, 2018
So many people won't know this and won't also asked questions.. instead throws shades at the government... This is one of the best way to secure your funds.

But alot of people will be looking for fund managers... Who will also use their money to invest same program.

Stop doing fund managers... Stop fix deposit....

Invest in bonds... Invest in Tbills... And have rest of mind.

1 Like

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by spiritedtete: 7:33am On Dec 07, 2018
greyham:
"When you hear it in the news, it is already too late"

It's not late .. it's your right no one can decline.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:34am On Dec 07, 2018
TheGreenLand:

You even have time to reply that illiterate bro.
The boy called crownwealth is a sorry case.
you are right bro, slowpoke population on here is on the rise in the recent days .


They don't deserve response anyway , thank you.

1 Like 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:35am On Dec 07, 2018
77up:
you are right bro, slowpoke population on here is on the rise in the recent days .


They don't deserve response anyway , thank you.
It's just so appaling.
You are welcome bro.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by chloride6: 7:36am On Dec 07, 2018
crownwealth:
[s][/s]

This is beyond your knowledge sir. Future mortgaged!

You are very ignorant. Sukuk financing is the best for our country as it identifies the specific project to be used for before issuances as against a usual bond which is just money which can be deployed for any purpose including corrupt ones.

1 Like 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by chloride6: 7:37am On Dec 07, 2018
spiritedtete:


It's not late .. it's your right no one can decline.

It's definitely not too late
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by chloride6: 7:39am On Dec 07, 2018
greyham:


Does Transcorp ring a bell?

Is transcorp a FGN issued bond.

Shut up And for ever hold your peace.

1 Like

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Timblaze(m): 7:40am On Dec 07, 2018
hello, pls can somebody explain a little for me in a lay man term..and like as how much someone can buy or invest. thanks
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by spyg1(m): 7:41am On Dec 07, 2018
[quote author=crownwealth post=7362260
Use your brain. They are stealing your future already.[/quote] they have stole our future since 1999
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:41am 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!

Coming from a Benue man?


Ok o
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Ibrahim505(m): 7:44am On Dec 07, 2018
If you're depending on single source of income this is an opportunity to make the second source.
Educated rich keep getting wealthier for life through such opportunities.
Compounding the interest, the true yield could rich up to 20%.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:45am 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!


Do you understand that this shouldn't be a religious state?
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by 77up(m): 7:54am On Dec 07, 2018
OkaNaUbe:



What good can come from someone who "hates love story"? -Your signature says it all - hate!

Do you understand that this shouldn't be a religious state?
humm that's too low you know ?

how is hating love story equate to hate human being?

You just qoute just to quote
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 7:55am On Dec 07, 2018
basty:
Are we gradually drifting into an Islamic state?

Simply means u r miles away from literacy.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Stalwert: 7:58am On Dec 07, 2018
TheGreenLand:

Lol cheesy, they are willing already bro.
Like that crownwealth above, the real wailing zombie.
See them mouth....

grin how will survive another 4 years is mind boggling
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 8:01am On Dec 07, 2018
OkaNaUbe:


Coming from a Benue man?


Ok o
And what happens to being a Benue man, i commit crime?!
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by mungoparks: 8:02am 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..
ok.
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 8:02am On Dec 07, 2018
chloride6:


You are very ignorant. Sukuk financing is the best for our country as it identifies the specific project to be used for before issuances as against a usual bond which is just money which can be deployed for any purpose including corrupt ones.
You have time replying crownwealth o.
The boy is nothing but an illiterate spewing trash in all his posts..Hope he gets sense someday

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Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by wink2015(m): 8:06am On Dec 07, 2018
basty:
Are we gradually drifting into an Islamic state?

ISLAMIZATION AGENDA UNFOLDING!
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by batstan(m): 8:13am On Dec 07, 2018
crownwealth:
APC last minute looting...?
Says a pessimist!
angry
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 8:15am On Dec 07, 2018
mrakeli62:

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

So we now sell islamic bond
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Nobody: 8:37am On Dec 07, 2018
FGN bonds are one of the best ways to invest. Along with Tbills
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by planet(m): 8:42am On Dec 07, 2018
wink2015:


ISLAMIZATION AGENDA UNFOLDING!

How dumb. Ignorance and bigotry seem to be ruling so many lives. The roads being constructed with the (Islamisation) fund will be used by people of all faiths and no faith. Good roads make journeys safer ... less accidents, less deaths on our roads.

1 Like 1 Share

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by planet(m): 8:44am On Dec 07, 2018
basty:
Are we gradually drifting into an Islamic state?

How dumb. Ignorance and bigotry seem to be ruling so many lives. The roads being constructed with the (Islamisation) fund will be used by people of all faiths and no faith. Good roads make journeys safer ... less accidents, less deaths on our roads.

Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by Just2endowed2(m): 8:57am On Dec 07, 2018
basty:
Are we gradually drifting into an Islamic state?

There is no Islamic there.... It's another way of borrowing.... Because it involves paying of interest on bond which is around 15%... Because that's the conventional system of borrowing too. It's not a interest free loan
Re: Nigeria Issues N100b Sovereign Sukuk For Subscription by mapet: 9:35am 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.
/

Are you asking this question to be educated or asking to be cheeky? why compare apples and oranges? A single revenue streams for the roads (tolls) in itself will more than pay the investments, not to talk of ads on bill-boards, +commerce, taxes on new buildings and factories....

1 Like

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