Nigeria Opens Subscriptions for NGN150bn Sukuk as Shift to Local Market Funding Accelerates

Nigeria’s debt management office (DMO) has opened the book on a NGN150bn (approx. USD385mn) sukuk, part of the government’s wider efforts to shift back to domestic markets for funding in a bid to help relieve pressure on foreign currency reserves.

May 22, 2020 // 10:30AM

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