The Debt Management Office (DMO) has announced that its offer for the N100
billion 7-year debut Sukuk Offer, which closed last week Friday was
oversubscribed. Investors across a broad spectrum comprising Pension Funds,
Banks, Fund Managers, Institutional and Retail Investors subscribed to the Offer
in an indication of the wide acceptance of the instrument. The Offer attracted a
Total Subscription of N105.878 billion.

As highlighted below:

Financing Infrastructure.

Diversification of Sources of Funding and Investor Base.

Financial Inclusion and Mobilization of Savings.

Deepening Nigeria's Financial Market.

Some Highlights of the N100 Billion Sovereign Sukuk.