Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Sukuk: DMO appoints Lotus Financial Services as joint adviser

Damilare Famuyiwa by Damilare Famuyiwa
December 12, 2018
in Business News, Politics
Lotus Capital

Hajara Adeola, CEO of Lotus Capital. Photo: CNN

Share on FacebookShare on TwitterShare on Linkedin

The Debt Management Office (DMO), has appointed Lotus Financial Services Limited as a joint financial adviser to the second tranche of the N100 billion Sukuk floated by the Federal Government of Nigeria.

This was disclosed in a statement by the investment management company. The firm made known that the appointment is coming for the second year running as a result of its performance and role in the first Sukuk issuance.

The statement said similar to the first N100 billion Sukuk issued in 2017 which recorded over 100 per cent subscription, the second Sukuk was issued to construct and rehabilitate 28 economic roads across the six geopolitical zones of the country.

RelatedPosts

Lagos, NGX to raise capital to fund infrastructure projects in the state

FG gives reason for speeding up repair works on Outer Marina road network

The statement read in part,

“The offer is part of the Federal Government’s efforts to promote financial inclusion and increase capital spending.

“Since inception, Lotus has led capacity building and product development initiatives in the non-interest industry and has successfully advised and raised funds for the Federal and State governments and several corporations in Nigeria.”

About Sukuk bonds 

Sukuk is derived from the word Sakk, which can be translated to mean legal instrument, deed, and cheque. Sakk can also mean to strike a deal on a paper document.

News continues after this ad


The origin of Sukuk dates back to 7th century AD, where the first Sukuk transaction took place in Damascus, Syria in the Great Mosque of Damascus (Umayyad Mosque).

Due to the fact that Islam prohibits usury – collecting interest from your loans – interest based bonds are banned in Muslim nations.

About Lotus Financial Services Limited

Lotus Capital is a full-service, Halal investment management company specialising in Shari’ah compliant asset management, private wealth management, and financial advisory services. Lotus Capital was founded in June 2004 with the specific objective of meeting the investment needs of ethical individuals, businesses, and organisations across West Africa.

News continues after this ad


Lotus Capital is duly registered with the Securities & Exchange Commission (SEC) as Fund Managers, Corporate Investment Advisers, and Issuing House.

Lotus Capital is a Nigerian pioneer in the emerging financial niche of Islamic finance with a unique equitable interest-free solution.

Related

Tags: Lotus Financial Services LimitedSukuk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Lagos announces partial closure of Third Mainland Bridge
    • Five jobs in Nigeria’s fashion industry that are not design-related
    • Insecurity: N6.5 billion demanded in kidnapping ransoms in Nigeria since July 2021 – SBM

    Follow us on social media:

    Recent News

    Third Mainland Bridge is intact and safe for commuters - FG

    Lagos announces partial closure of Third Mainland Bridge

    August 13, 2022
    Five jobs in Nigeria’s fashion industry that are not design-related

    Five jobs in Nigeria’s fashion industry that are not design-related

    August 13, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com