Nigeria’s DMO will list a 350 bln naira sukuk on the Nigerian Exchange and the FMDQ Securities Exchange to enhance liquidity and price discovery. This sixth sovereign sukuk issuance, which initially offered 150 bln naira but was upscaled to 350 bln naira due to demand, will provide investors with a transparent pricing mechanism. The yield stands at 15.75% annually, contributing to Nigeria’s cumulative 1.092 tln naira raised through sovereign sukuk.