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The Debt Management Office (DMO) working with Citibank organised a virtual meeting between Nigeria’s economic managers (The Federal Ministry of Finance, Budget and National Planning (FMFB&NP) and the Central Bank of Nigeria (CBN) and Institutional Investors across the continents of the world. The Meeting was held on June 23, 2020.
The attention of the Debt Management Office (DMO), has been drawn to statements and reports credited to several persons on the subject of Loans obtained from China and has considered it necessary to provide a sequel to its Press Release on the same subject dated September 11, 2018.
The Debt Management Office (DMO) has announced the result of the third Sovereign Sukuk for which it offered ₦150 billion to investors. The Offer attracted a very high level of subscription from investors with total subscriptions of ₦669.124 billion, representing a subscription level of 446%.
The impressive demand for the Sukuk came from a wide range of investors which included Ethical Funds, Insurance Companies, Fund Managers and Retail Investors amongst others. This participation by a wide range of investors is in line with the DMO’s objectives of diversifying the investor base for Government Securities and promoting financial inclusion.