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Nigeria looks to sukuk for infrastructure funding needs

Nigeria hopes to use a proposed Islamic bonds issuance programme to help fund big infrastructure needs in Africa's biggest economy, aiming to tie the transaction to one of several projects, a Nigerian finance official told Reuters. Nigeria plans to borrow as much as $10 billion from debt markets, with about half of that coming from foreign sources, to help fund a budget deficit worsened by the ...
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Added May 18, 2016
from Yahoo Nigerian News