Tag: SUKUK Bond
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Second Niger Bridge is completed – Fashola
Nigeria’s Minister of Works and Housing, Babatunde Raji Fashola, has announced the completion of the Second Niger Bridge. Fashola Made this known on Wednesday in Abuja during the unveiling of President Muhammadu Buhari’s scorecard series (2015-2023).
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FG floats N100bn 2nd tranche Sukuk bond in December
Ms Patience Oniha, Director-General, the Debt Management Office (DMO), on Thursday expressed optimism that the second tranche of N100 billion sukuk bond would be floated before the end of 2018. Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.…
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Sukuk Bond: Jonathan, not Buhari introduced Islamic banking to Nigeria – Osinbajo
..Blasts Christian leaders for faulting ‘Islamic agenda’ instead of creating one The Vice-President, Prof. Yemi Osinbajo has said former President Goodluck Jonathan introduced the country to Islamic Banking and not President Muhammadu Buhari as widely circulated. Osinbajo noted that Nigeria is the fourth largest shareholder in the Islamic Bank and that the two directors of…
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FG releases N100bn proceeds from sukuk bonds to fund 25 road projects
The Federal Government on Wednesday in Abuja released N100 billion to road contractors to facilitate the construction and rehabilitation of 25 priority road projects across the six geopolitical zones. The Federal Government raised the funds through the issuance of Sukuk bonds. Sukuk bonds are Islamic bonds, structured in such a way as to generate returns…
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SUKUK: MURIC blasts CAN, says ‘You cry foul each time Muslims demand their rights’
…warns CAN to stop misleading misleading Christians The Muslim Rights Concern, MURIC, has lambasted the Christian Association of Nigeria, CAN, over its statement that the Federal Government was making discreet moves to Islamise the country by its proposed floating of the Sukuk Eurobond TheNewsGuru.com reports that the Christian body had on Tuesday in statement signed…