Tag: Sukuk
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FG issues N1.1trn Sukuk bonds for road projects
The Securities and Exchange Commission (SEC) has said the Federal Government issued six Sovereign Sukuk worth N1.1 trillion ($657.6m) to finance 124 federal road projects.
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Fashola approves N133m compensation for 5 Abia communities
The Minister of Power, Works and Housing, Mr Babatunde Fashola, has approved the payment of N133 million compensation to Abia communities for land acquired for the construction of a trailer park on Enugu-Port Harcourt Expressway. The Federal Controller, Federal Ministry of Works, Mr Chukwudike Nwankwo, spoke in an interview with News Agency of Nigeria on…
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Sukuk fund yields expected results in Yobe – Works Controller
Mr Olusegun Akinmade, the Federal Controller of Works in Yobe State says the injection of Sukuk fund into the Federal Government ongoing road project in the state is yielding expected results. Akinmade said this on Sunday in Potiskum during an inspection of the ongoing federal government road projects in the Northeast. Sukuk are Islamic bonds,…