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FG’s N100b Sukuk Bond Oversubscribed by 165%, According to DMO

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FG’s N100b Sukuk Bond Oversubscribed by 165%, According to DMO

According to the Debt Management Office, the N100 billion federal government’s Sukuk bond has received a roughly 165% oversubscription.   The DMO stated this in a statement on Tuesday.   A Sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law commonly known as Sharia.  
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