Nigeria sinks deeper into debt as lawmakers approve Tinubu’s $2.85bn loan

NIGERIA is heading for a deeper debt as the House of Representatives approved President Bola Tinubu’s request to borrow $2.85 billion to fund part of Nigeria’s 2025 budget deficit. At the Wednesday’s plenary, the lawmakers sanctioned President’ Tinubus plan to borrow $2.35 billion and issue $500 million debut sovereign sukuk in the international capital market, […]