Tuesday, February 16, 2021



Kano Western bypass road to be completed December — Minister

The Minister of State for Works and Housing, Abubakar Aliyu, says the ongoing construction of Kano Western bypass road will be completed before December 2021.

Road construction: Nigerian govt owes contractors N336bn — Fashola

The Minister of Works and Housing, Babatunde Fashola, on Sunday disclosed that the federal government owes contractors N336 billion. 

Islamic Development Bank starts marketing 5-year dollar sukuk

Islamic Development Bank, IsDB, has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Nigerian gov’t issues N100bn sovereign sukuk at 15.7%

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...

Sukuk bond: Fashola’s ministry to receive N100m proceeds

Nigeria’s minister of finance, Kemi Adeosun, has said proceeds of the N100 billion Islamic bond, Sukuk, will be released to the Ministry of Works...

Africa Finance Corp. issues US$150m maiden Islamic bonds, Sukuk

The Africa Finance Corporation, AFC, has issued its maiden Sukuk, the highest-rated ever Sukuk issuance from an African institution. AFC is a leading pan-African multilateral...

Nigeria to issue Islamic financial bond, ‘sukuk’

Islamic finance received a boost in Nigeria, with the Securities and Exchange Commission and Debt Management Office reaching agreement to issue country’s maiden sovereign...

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