FG To Fund Budget Through Islamic Bond - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  









FG To Fund Budget Through Islamic Bond

    Posted by on January 22, 2016,



As the pressure on federal revenue mounts following steady decline in oil revenue, the Federal Government would be resorting to a Sukuk Bond for funding the widening budget deficit, Vanguard reports. Sukuk is a financial certificate, similar to the traditional government bond, but complies with Sharia, Islamic religious law.

The Debt Management Office, DMO, and Securities and Exchange Commission, SEC, are collaborating in an effort to issue the Nigerian sovereign Islamic bonds this year.

Details of the expected revenue from the bond is not yet disclosed but officials said they expect significant bridging of the 2016 budget deficit which has exceeded the initial N2.2 trillion estimate.

According to DMO “issuing a sovereign Sukuk will attract significant amounts of affordable capital from the Gulf countries and other established Islamic markets around the world into Nigeria.”






Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195





















Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


ATTENTION!! CAN'T FIND THE SONG YOU ARE LOOKING FOR? INSTALL 9JAFLAVER GO APP NOW TO GET ALL MUSIC, STREAM AND DOWNLOAD LEGALLY, AND LET YOUR FAVOURITE ARTISTS GET PAID ROYALTIES (CLICK HERE)




Promoted Songs
Alexo Koko Ife esigo ike





DMCA.com Protection Status

© 2014-2023 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.