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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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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, […]

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Apr 04, 2025 post

Tinubu’s government borrows N57trn in 23 months, nears Buhari’s debt in 8 years

NIGERIA’S debt under President Bola Tinubu has soared to N56.6 trillion in just 23 months, which reflects that the nation’s helmsman has taken monumental loans to fix the economy and improve the country’s human development indices. Mr Tinubu’s debt in 23 months is N18.7 trillion or 75.2 percent less than N75.26 trillion loans taken by […]