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Tinubu seeks NASS approval for $2.3bn borrowing, $500m sovereign Sukuk

Tinubu, Independence Anniversary

President Bola Tinubu has asked the House of Representatives to approve plans to raise $2.347 billion from the international capital market to partly finance the 2025 budget deficit, refinance maturing Eurobonds, and issue Nigeria’s first-ever Sovereign Sukuk. In a letter dated September 22, 2025, addressed to Speaker Tajudeen Abbas, Tinubu said the request was in […]