By Dipo Olowookere
The sale of N100 billion non-interest bearing bond otherwise known as Sukuk will wrap up today, Friday, September 22, 2017.
The exercise kicked off on Thursday, September 14, 2017, and was earlier slated to end on Wednesday, September 20, 2017, but was extended by two days.
The sale of the N100 billion sovereign sukuk is conducted by the Debt Management Office (DMO) on behalf of the Nigerian government.
The N100 billion Ijarah (lease) Sukuk is with a tenor of seven years offered at a rental rate of 16.47 percent and has been certified as ethically compliant by the Financial Regulation Advisory Council of Experts of the Central Bank of Nigeria (CBN).
The settlement date, which was earlier fixed for today, has been shifted to Tuesday, September 26, 2017.
According to the DMO, investors can subscribe N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter.
Investors have been advised to contact FBN Merchant Bank Ltd, Lotus Financial Services Ltd or download the prospectus and application form at www.dmo.gov.ng, www.fbnmerchantbank.com, and www.lotuscapitallimited.com.
Proceeds from the exercise would be used solely for the construction and rehabilitation of key roads across the six geopolitical zones of the country.
Adedapo Adesanya 
Modupe Gbadeyanka