* Osun State issues Nigeria’s first sukuk -bankers * Nigeria tapping into growing demand for Islamic debt Nigeria’s Osun State has issued a 10 billion naira ($62 mln) sukuk yielding 14.75 percent, bankers said on Wednesday, the first Islamic bond from a major economy in sub-Saharan Africa. The cocoa-producing, southwestern […]
Tag: Osun State
Osun state selling Nigeria’s first Islamic bond -bankers
Nigeria’s 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. The issue makes Nigeria the first big economy in sub-Saharan Africa to market a sukuk, although Gambia has been selling […]
Osun to raise N30bn bond
The Osun State has announced plans to embark on a N30bn ($190m) bond issuance programme. The bond, a seven-year instrument, would be raised to finance various infrastructural and developmental projects across the state. An adviser to the issue, who disclosed this to Reuters on Tuesday anonymously, said at present the […]
