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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk) more

CBN, partners DMO for Islamic bonds

Posted on 22 June 2011

Going by structures already put on ground, Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), expects that the apex bank, working with the Debt Management Office (DMO), would fashion the nation’s first Islamic (non-interest) bond, before the end of next year.
A Reuters report on Monday quoted Sanusi, who is attending an Islamic Finance Forum in Dakar, Senegal as saying: “We are working with the debt management office. The central bank is collaborating with them on capacity building. We do have a target of issuing a first sovereign Sukuk in Nigeria within 18 months.”………………………………………Full Article: Source

 
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