Tinubu seeks fresh $7.7bn loan

President Bola Ahmed Tinubu has formally requested approval from the National Assembly to secure a fresh external loan of $7.7 billion (approximately ₦10.79 trillion) to part-finance the Federal Government’s ₦31.4 trillion budget deficit for the 2026 fiscal year. The request, contained in a letter dated October 26, 2026, and addressed to the Senate President, was […]