The federal government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, the Debt Management Office (DMO) said.
The federal government on Thursday began the sale of its third tranche 7-year N150 billion Sovereign Sukuk, theThe offer circular, which was obtained from its website, said the seven year Islamic Sukuk, referred to as Ijarah, was at a rental rate of 11.2 per cent and would be due in June 2027.
The DMO said it qualified as securities in which trustees could invest under the Trustee Investment Act and as government securities within the meaning of Company Income Tax Act and Personal Income Tax Act for Tax Exemption for Pension Funds, amongst other investors.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese medics invited to build isolation centres in Nigeria – FG – Daily TrustThe controversy over the invitation of the 15 Chinese medical experts to Nigeria took a new dimension yesterday as the Minister of Interior, Rauf Aregbesola, said they were in the country to assist in building and equipping isolation centres. This is contrary to the disclosure by the Minister of Health, Osagie Ehanire, last month that …
Read more »
Many top Nigerians dying due to COVID-19 home care – FG
Read more »
FG orders MDAs to secure personal data of Nigerians – Daily TrustThe Federal Government has given public institutions two months within which to secure data of Nigerians or get sanctioned. In a fresh guideline for the management of personal data by public institutions in Nigeria issued yesterday by the National Information Technology Development Agency (NITDA), the government warned public institutions not to breach the data of …
Read more »
Reps Ask FG To Set Up N15bn COVID-19 Emergency Fund For Tertiary InstitutionsReps Ask FG To Set Up N15bn COVID-19 Emergency Fund For Tertiary Institutions
Read more »
FG fires Managing Director of TCN
Read more »
JUST IN: FG sacks Managing Director of TCN - Vanguard NewsThe federal government has undertaken a major re-organisation at Transmission Company of Nigeria (TCN) with the replacement
Read more »