By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: DMO Launches N300bn Sukuk Bonds to Finance Road Projects
Share
Sign In
Notification Show More
Latest News
GATA Chair hails FCT Minister for performance
Business Metro News
Engr. Jennifer Adighije: Transforming NDPHC with Vision, Innovation, and People-Centered Leadership
Awards and Recognitions Business Opinion Power
Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million
Crime Metro News
Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly
Civil Society Organisations Environment Metro News
Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes
Legal/Courts Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > DMO Launches N300bn Sukuk Bonds to Finance Road Projects
BusinessEconomyNews

DMO Launches N300bn Sukuk Bonds to Finance Road Projects

Publisher
By Publisher Published May 13, 2025
Share
2 Min Read
SHARE

The Debt Management Office (DMO) has opened subscriptions for N300 billion Sukuk Bonds aimed at financing road projects in Nigeria.

As revealed in a public notice on the DMO website, the sukuk, issued on behalf of the Federal Government of Nigeria, forms part of the government’s broader infrastructure financing strategy.

The bonds have a seven-year tenor, a rental rate of 19.75% per annum, and are due to mature in May 2032.

- Advertisement -
Ad image

The subscription period opens on May 12, 2025, and closes on May 20, 2025, with the settlement date set for May 23, 2025.

The minimum subscription is N10,000, in multiples of N1,000 per unit, and subsequent purchases are also available in multiples of N1,000, allowing a wide range of investors to participate and promoting financial inclusion.

During an investor meeting on the “FGN N300 Billion Series VII Sovereign Sukuk Issuance,” Patience Oniha, director-general of the DMO, reassured investors about the stability of Nigeria’s debt structure. She stated:

“There’s more transparency now. FX supply has improved, and the rates have become more stable. Some of the measures were difficult at first, but the benefits are beginning to show.

“Over 60 percent of our external debt comes from multilaterals and bilaterals, which offer more favorable terms than commercial debt. This diversification reduces our exposure to market shocks and provides stability.”

DMO listed Greenwich Merchant Bank Limited, Vetiva Capital Management Limited, and Stanbic IBTC Capital Limited as issuing houses for the bond and advised interested investors to contact them.

The N300 billion, seven-year Ijarah Sukuk bond is part of the federal government’s strategy to fund critical roads and enhance infrastructure development across Nigeria’s six geopolitical zones.

Funds raised from the Sukuk will be used exclusively for the rehabilitation of key road projects and bridges, with the invested funds backed by the full credit of the Federal Government of Nigeria.

Like this:

Like Loading...

Related

You Might Also Like

GATA Chair hails FCT Minister for performance

Engr. Jennifer Adighije: Transforming NDPHC with Vision, Innovation, and People-Centered Leadership

Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million

Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly

Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes

TAGGED: DMO, Sukuk bond

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher May 13, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Maryam Abacha university shuts female hostels over immorality
Next Article FG Appoints Arabinrin Aderonke Atoyebi to LOC for 3rd African U18/U20 Athletics Championship
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

GATA Chair hails FCT Minister for performance
Business Metro News June 3, 2025
Engr. Jennifer Adighije: Transforming NDPHC with Vision, Innovation, and People-Centered Leadership
Awards and Recognitions Business Opinion Power June 3, 2025
Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million
Crime Metro News June 2, 2025
Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly
Civil Society Organisations Environment Metro News June 1, 2025

You Might also Like

BusinessMetroNews

GATA Chair hails FCT Minister for performance

June 3, 2025
Awards and RecognitionsBusinessOpinionPower

Engr. Jennifer Adighije: Transforming NDPHC with Vision, Innovation, and People-Centered Leadership

June 3, 2025
CrimeMetroNews

Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million

June 2, 2025
Civil Society OrganisationsEnvironmentMetroNews

Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly

June 1, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d