December 28, 2021/DMO The N250 Billion Sovereign Sukuk whose offer opened on December 16, 2021, closed yesterday December 23, 2021, with an unprecedented subscription level of over N865 Billion. This outcome represents a subscription level of 346%. An analysis of the subscription data by the Debt Management Office (DMO) revealed […]
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NGX: Domestic Outperform Foreign Investors by 30% in November 2021
December 26, 2021/NGX On a monthly basis, Nigerian Exchange Limited (“NGX”) polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)4 flows. As at 30 November 2021, total transactions at the nation’s bourse decreased by 7.95% from N213.07billion (about $513.31million) in October 20215 to N196.14billion (about […]
Rental Rate of FGN Series IV Sukuk Issuance Revised to 13.00%
December 24, 2021/Stanbic IBTC As an update, further to market feedback and to enable more participation from investors, the Debt Management Office Nigeria has revised the rental rate for the up to NGN250 billion Federal Government of Nigeria Series IV Sovereign Sukuk issuance to 13.00% per annum. A summary of the […]
