President Bola Ahmed Tinubu has written to the 10th House of Representatives seeking its approval to raise a total of $2.347 billion from the international capital market to fund part of the 2025 Budget deficit, as well as refinance Nigeria’s maturing EuroBonds. He also sought approval for issuance of a $500 million debut sovereign Sukuk to support critical infrastructure development. The request was contained in a letter read by the Speaker of the House, Tajudeen Abbas, during plenary yesterday. According to the President, the request was made pursuant to Sections…
Read MoreFG seeks fresh $2.35bn external loan, $500m Sovereign Sukuk
