FG offers September bonds at 12% interest – Daily Trust

As part of the capital raising for the 2019 budget, the Debt Management Office is offering two and three years savings bonds for the month of September at 11 percent and 12 percent interest rates respectively expected to close Friday.The interest payment of the bond is payable quarterly, and the bond costs N1,000 per unit, subject to a minimum subscription of N5,000 and in multiples of N1,000 subject to a maximum subscription of N50,000,000.

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Interest-based loans killing Nigeria’s economy - Expert – Daily TrustThe Director, International Institute of Islamic Banking and Finance (IIIBF) at Bayero University, Kano, Professor Binta Tijjani Jibril says Nigeria has consistently relied on interest based loans from international markets, which resulted into rising debt profile. To this end, Jibril asked the Federal Government to deploy Islamic financing with a view to reducing the bloated …
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