National Economy
Thursday, October 2, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

NGX Facilitates FG’s Infrastructure Drive, Admits DMO’s N130bn Sukuk

by Zuleiha Chatta
2 years ago
in Business, News
Reading Time: 2 mins read
stock-exchange
Share on FacebookShare on TwitterShare on Telegram

Nigerian Exchange Limited (NGX) announces the listing of the Federal Government’s N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64 per cent Ijara Sukuk due 2032 was listed on NGX today, Thursday, 3 August 2023.

According to DMO, the Sovereign Sukuk opened for subscription in November 2022 with an initial offer of N100 billion and garnered immense interest from investors with a remarkable subscription level of N165.25 billion. This represented over 165 per cent of the amount offered. In a bid to accommodate the needs of diverse investors who subscribed to the Sukuk, N130 billion was allocated.

The total Sovereign Sukuk issued from 2017 till date currently stands at N742.557 billion and the proceeds have facilitated the construction and rehabilitation of over 75 roads and bridges across the country. DMO said in a statement, “The listing of the N130 billion Sovereign Sukuk on the NGX will expand the range of financial offerings available to investors in the capital market. The opportunity to buy and sell the Sovereign Sukuk will provide liquidity to investors and promote price discovery.”

Jude Chiemeka, the Divisional Head of Capital Markets at NGX, commended the Debt Management Office under the leadership of director-general Patience Oniha, for their effective implementation and commitment to following due process in infrastructural financing.

You May Like

Dangote Group To Redeploy Sacked Refinery Workers After Government Intervention

Obi Slams Lagos Trade Fair Demolitions, Alleges Lack of Due Process

He emphasised the significance of the Sovereign Sukuk issuance and subsequent listing on NGX. “This listing demonstrates the federal government’s dedication to developing critical infrastructure through innovative and cost-effective financing structures. NGX is fully committed to providing a robust exchange infrastructure that facilitates efficient capital accessibility for the government to raise essential funds, addressing the infrastructural gap and boosting economic growth. The listing of the Sovereign Sukuk on the Exchange is seen as a positive move, offering an exit opportunity for existing investors and further strengthening the Nigerian capital market.”

 

Tags: DMONGX
ShareTweetShare
Previous Post

Partnership With FG Will Accelerate CNG Project Implementation – IPMAN

Next Post

Capital Market Stakeholders Emphasise ESG-compliant Products For Sustainable Financing

ANOTHER GOOD READ

Dangote Hails Tinubu Over NNPCL Leadership Choice
Business

Dangote Group To Redeploy Sacked Refinery Workers After Government Intervention

4 hours ago
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs
Business

Obi Slams Lagos Trade Fair Demolitions, Alleges Lack of Due Process

4 hours ago
News

Tinubu Says Tax-to-GDP Rises To 13.5%, Debt Burden Halved

4 hours ago
Tougher Choices Ahead For Nigeria’s Economic Rebound In H2
News

Tinubu: 153,000 Nigerians Access ₦30bn Loans Through Credicorp

4 hours ago
Nigeria Immigration Launches 24-hour Real-time Border Surveillance
Business

Immigration Service Begins Nationwide Clampdown On Foreigners With Expired Visas

4 hours ago
Nig@65: NDPC Act Boosts Nation’s Economic, Global Image – Expert
Business

Nigeria at 65: Completing the Work of Freedom

14 hours ago
Next Post
Capital Market Stakeholders Emphasise ESG-compliant Products For Sustainable Financing

Capital Market Stakeholders Emphasise ESG-compliant Products For Sustainable Financing

Most Recent

Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Group To Redeploy Sacked Refinery Workers After Government Intervention

October 1, 2025
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs

Obi Slams Lagos Trade Fair Demolitions, Alleges Lack of Due Process

October 1, 2025

Tinubu Says Tax-to-GDP Rises To 13.5%, Debt Burden Halved

October 1, 2025
Tougher Choices Ahead For Nigeria’s Economic Rebound In H2

Tinubu: 153,000 Nigerians Access ₦30bn Loans Through Credicorp

October 1, 2025
Nigeria Immigration Launches 24-hour Real-time Border Surveillance

Immigration Service Begins Nationwide Clampdown On Foreigners With Expired Visas

October 1, 2025
Nig@65: NDPC Act Boosts Nation’s Economic, Global Image – Expert

Nigeria at 65: Completing the Work of Freedom

October 1, 2025
NASRDA Pushes Space Education

NASRDA Pushes Space Education

October 1, 2025

Nigeria’s London Mission Staff Trained On Data Privacy Compliance

October 1, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy