Nigeria’s N100 billion Sukuk offer oversubscribed
The N100 billion seven-year debut Sukuk offer by the Debt Management Office (DMO), which closed last week Friday, has been oversubscribed.
The N100 billion seven-year debut Sukuk offer by the Debt Management Office (DMO), which closed last week Friday, has been oversubscribed.
Allianz Group announced today a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. (GGH). Ensure Insurance Plc offers life and non-life insurance services and generated 11 million euros in gross premiums written in 2016.
Nigeria's central bank kept its monetary policy rate (MPR) at 14.0 percent "to safeguard the stability achieved in the foreign exchange market, and to allow time for past policies to work through the economy."
There was cause for celebration Monday, when the federal government issued its first diaspora bond in the international capital market, raising the sum of $300 million at coupon rate of 5.625 per cent for a tenor of five years.