Nigeria in Talks With ICD on Sukuk Deal to Diversify Funding

Updated on
  • Saudia Arabia-based ICD ‘engaging’ Nigeria, CEO Al-Aboodi Says
  • Oil-dependent Nigeria plans to shift more borrowing abroad

Nigeria is in talks with the investment arm of Saudi Arabia-based Islamic Development Bank about issuing the country’s first sukuk as the West African nation looks to diversify its sources of funding.

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