The Debt Management Office (DMO) Friday announced the result of the third Sovereign Sukuk for which it offered N150 billion to investors. “The impressive demand for the Sukuk came from a wide range of investors which included ethical funds, insurance companies, fund managers and retail investors. The agency allotted N162.557 billion to investors in the third Sovereign Sukuk. The proceeds of the issuance will be used to finance 44 critical Road Projects across the six geopolitical zones. They fought not that we would have democracy day but that Nigeria might exist as a democracy every day.

Source: Nigerian Tribune June 12, 2020 20:03 UTC