Again, Tinubu Seeks NASS Approval for $2.3bn, $500m Borrowing, Debt Refinancing

Tinubu seeks NASS’ approval for $2.3bn external borrowing

President Tinubu said the loan will be used to part-finance the 2025 budget deficit, refinance Nigeria’s maturing Eurobonds, and issue the country’s debut sovereign Sukuk in the international capital market.

Again, Tinubu seeks NASS approval for $2.3bn, $500m borrowing, debt refinancing

President Bola Ahmed Tinubu has sought the approval of the House of Representatives for new external borrowing and debt refinancing totaling $2.3 billion,

Tinubu Seeks N’Assembly Approval for $2.3bn Loan, $500m Sukuk Bond

By Tracy Moses President Bola Tinubu has formally written to the House of Representatives, seeking legislative approval to raise a total of $2.347 billion in external capital as well as permission to issue a stand-alone Sovereign Sukuk worth $500 million on the international market. The president’s request, contained in a letter read by Speaker Tajudeen Abbas during Tuesday’s plenary, seeks authorisation for the federal government to secure new …

StatePress NG: Tinubu seeks House approval for $2.35bn loan, $500m Sovereign Sukuk

Tinubu seeks Reps' approval to raise $2.34bn loan, $500m sovereign Sukuk

Tinubu Seeks N’Assembly Approval For $2.35bn Loan, $500m Sovereign Sukuk

October 07, (THEWILL) — President Bola Tinubu has sought the approval of the National Assembly to secure $2.35bn in external loans and issue a $500m sovereign sukuk in the international capital market. The request was contained in a letter read by Speaker of the House of Representatives, Tajudeen Abbas, during plenary on Tuesday. According to […] The post Tinubu Seeks N’Assembly Approval For $2.35bn Loan, $500m Sovereign Sukuk appeared first on …