Tinubu seeks senate approval for $2.35bn loan, $500m Sovereign Sukuk

Vanguardngr | 09-10-2025 06:45am |

Senate mandates committee to report back in one week By Henry Umoru ABUJA — President Bola Tinubu has written to the Senate, seeking approval to raise $2.35 billion in external loans to part-finance the 2025 budget deficit and refinance Nigeria’s maturing Eurobonds, as well as issue a $500 million sovereign Sukuk to fund infrastructure projects.

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