Reps Approve Tinubu’s New External Borrowing Plan to Refinance Eurobonds, Issue $500m Sovereign Sukuk
The House of Representatives has approved President Bola Ahmed Tinubu’s request to implement the new external borrowing plan contained in the 2025 Appropriation Act, aimed at refinancing Nigeria’s maturing Eurobonds and issuing the country’s first-ever Sovereign Sukuk in the International Capital Market (ICM). The approval followed the adoption of the report of the House Committee on Loans and Debt Management, presented at plenary on Wednesday by the committee chairman, Hon. Hassan Nalaraba. However, the session was not without drama. The […]