30 results
- 29 Aug 2022
TAJBank to List N100bn Sukuk Bond on NGX
TAJBank Limited said it has formalized the kick-off the bank’s N100 billion Sukuk bond issuance with the signing of all the parties for issuance of the first-ever non-interest private Sukuk bond…
- 13 Oct 2023
Sukuk Bonds Record N652bn Oversubscription
The October 2023 sukuk bonds offered by the Federal Government garnered over a subscription of N652 billion, translating to 435 per cent of (N150 billion) offered. The Debt Management Office (DMO)…
- 11 Aug 2016
SEC Postpones Sukuk Bond Issuance to 2017
The Securities and Exchange Commission (SEC) on Wednesday said the sovereign Sukuk bond initially scheduled for third quarter of 2016 would now be issued in the first quarter of 2017. Mr Mounir…
- 20 Apr 2018
SEC Partners IFC, AFDB to Boost Sukuk Bond Investment
The Securities and Exchange Commission (SEC) yesterday expressed plans to work with International Finance Corporate (IFC), African Development Bank (AfDB) for development of Sukuk bond investment.…
- 17 Sept 2021
Purple Achieves 100% Subscription, Concludes N5bn Sukuk Bonds Issue
Purple Urban Limited, a member of the Purple Group, has announced that it has concluded its Sukuk Bond privately issued to the investing public raising N5 billion. The company in a statement said the…
- 8 Sept 2017
FG Kicks-off Pre-offer Road Show for N100Bn Sukuk Bond
The Debt Management Office has commenced a national road show in Lagos in preparation for the issuance of the much awaited N100bn non-interest bearing Sukuk bond. The DMO, in a statement issued on in…
- 8 Oct 2025
Nigeria Seeks to Raise $2.8Bn Including its First International Sukuk
Federal government plans to raise $2.8 billion in fresh funding as part of efforts to diversify its borrowing instruments and attract capital from global Islamic finance markets. President Bola…
- 21 Jul 2025
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency
Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian…
- 2 Oct 2013
Osun Issues Nigeria’s First Sukuk Worth N10Bn
Osun State has issued a 10 billion naira sukuk yielding 14.75 percent, bankers said on Wednesday, the first Islamic bond from a major economy in sub-Saharan Africa. The sukuk is based on an ijara…
- 2 Dec 2024
Nigeria Issues New $500m Eurobonds to Fund 2024 Budget Deficit
After a long wait all year, the Federal Republic of Nigeria has announced the launch of a dual-tranche Eurobond offering under its Global Medium Term Note Programme to finance the country’s 2024…
- 28 Sept 2017
FG Plans $2.5bn Eurobond to Fund Capital Projects
The Debt Management Office (DMO) yesterday said the Federal Government would float an Eurobond to raise 2.5 billion dollars before the end of 2017. Ms Patience Oniha, the DMO Director-General, made…
- 3 Mar 2021
DMO Clears Air on Alleged Missing N2.2 Trillion
Debt Management Office (DMO) has declared that N2. 2 trillion, which could not be traced by the National Assembly is not missing. The DMO in a statement said: “The provisions in the Annual…
- 14 Sept 2017
Nigeria Commences Sale of N100Bn Debut Sovereign Sukuk
Nigeria has started the sale of a N100 billion ($326 million) debut sovereign sukuk on the local market to fund road infrastructure, the Debt Management Office (DMO) said on yesterday. The seven-year…
- 20 Oct 2025
FG Clarifies Position on Remitted Diaspora Income
As clarifications on the new tax reform law continues, the Federal Government has restated that not all incomes earned abroad and brought into Nigeria by nonresident individuals will be taxed,…
- 18 May 2023
FGN Securities Aids National Development, says DMO
Debt Management Office (DMO) says investment in Federal Government of Nigeria (FGN) Securities is a way of contributing to national development, according to NAN report. Patience Oniha,…
- 10 Nov 2021
SEC Targets 25% of Islamic Capital Market Capitalization by 2025
The Securities and Exchange Commission (SEC) has said that it was working with stakeholders develop the non-interest segment of the capital market that is expected to contribute at least 25 percent…
- 17 Feb 2016
SEC, DMO Inaugurate Committee for Nigeria’s First Sovereign Sukuk
Securities and Exchange Commission (SEC) and the Debt Management Office (DMO) have inaugurated a committee for the nation’s first sovereign “Sukuk”. Sukuk is an Islamic financial certificate, similar…
- 16 Jan 2014
Muslim Body Throws $860m into Sukuk
International Islamic Liquidity Management Corp (IILM), Malaysia-based will expand its Islamic bond programme by $370 million to $860 million next week, increasing its issuance of short-term sukuk…
- 29 Mar 2024
The Alternative Bank, TK Tech Africa Collaborate on $500m Digital Sukuk
The Alternative Bank and TK Tech Africa are set to transform the landscape of financial technology and non-interest banking in Nigeria through their innovative $500 million Digital Sukuk initiative.…
- 17 Nov 2025
Is Nigeria Economically Broke? Challenges and Opportunities in Africa’s Largest Economy
By Blaise Udunze Is Nigeria, Africa’s largest economy, economically broke? It is a question no patriotic citizen wants to confront, yet one that confronts every Nigerian daily at the fuel pump, the…
- 3 Oct 2023
TAJBank Leads in Tier-1 Capital, PBT
TAJBank, Nigeria’s fastest growing and technology-driven non-interest banking services provider, has again blazed a new trail in the non-interest banking space in half year of 2023, posting…
- 26 Oct 2022
SEC Lauds NGX for Ensuring Sustainability, Investor Resilience in Capital Market
The Securities and Exchange Commission (SEC) has commended NGX and NGX RegCo for their efforts towards fostering sustainability and investor resilience in the Nigerian capital market. Speaking at the…
- 26 Oct 2025
SEC Puts Nigeria’s Cryptocurrency Transactions in One Year @ Over $50Bn
Emomotimi Agama, director general, Securities and Exchange Commission (SEC), has disclosed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June…
- 14 Nov 2025
SEC Partners FMBN Partner on Non-Interest Mortgage Framework
Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have announced a strategic collaboration to develop a robust Non-Interest Mortgage (NIM) ecosystem. This…
- 20 Feb 2025
DMO Appoints Stanbic IBTC as New FG Stockbroker
The Debt Management Office (DMO) on Thursday appointed Stanbic IBTC Stockbrokers Limited as the Federal Government’s official stockbroker, marking a strategic move to bolster Nigeria’s domestic bond…
- 16 Aug 2016
NDIC Charges Jaiz Bank on Good Corporate Governance
The Management of Jaiz Bank Plc has been advised to strengthen its corporate governance in order to weather the storm of economic challenges that is currently facing Nigeria’s banking industry. A…
- 7 Oct 2016
CBN Set Limits on Banks' Investment in Govt. Islamic Bonds
Nigeria's central bank has set commercial banks' investment in Islamic bonds issued by state governments to 10 percent of the total amount on offer and fixed a maximum tenor of 10 years for the…
- 16 Dec 2021
DMO Offers N250bn Sovereign Sukkuk for Subscription
The Debt Management Office, DMO, has offered for subscription N250 billion Sovereign Sukuk instrument for N1,000 per unit. DMO stated this yesterday on its website saying: ”This Sovereign Sukuk,…
- 19 Sept 2013
Osun Sells Nigeria’s First Islamic Bond
Osun State has begun offering the country’s first Islamic bond, taking a major step towards developing an Islamic finance industry in Africa’s most populous nation, bankers said on Thursday. Reuters…
- 1 Mar 2017
Etihad Airways Wins 2016 Treasury of the Year Award
Etihad Airways has been honoured with the 2016Treasury of the Year award by Treasury Management International (TMI) for a string of achievements over the past 12 months. The annual TMI Corporate…