Updated: Nigeria finds succour in Sukkuk as high yields frustrate fund raising moves

Updated: Nigeria finds succour in Sukkuk as high yields frustrate fund raising moves

Unabated demand for high yields by investors in Nigerian treasury bills and bonds might have pushed Nigeria’s government to resort to raising needed funds through sukkuk bond issuance as the country’s economy managers strive to keep debt service cost at manageable levels. Analysts say that issuance of a sovereign sukuk is part of a plan…

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