
Tinubu Seeks Approval For $2.35B External Loan, $500M Sovereign Sukuk
President Bola Ahmed Tinubu has formally written to the House of Representatives seekingpermission to raise $2.347 billion from the international capital market. The funds are intendedto partly finance the 2025 budget deficit and refinance maturing Eurobonds. Concurrently, healso requested approval to issue a $500 million sovereign sukuk, which would be Nigeria’s firstsuch issuance in international…