Latest news with #Bola Tinubu
Reuters
a day ago
- Business
- Reuters
Nigeria's Senate approves President Tinubu's $21 billion external borrowing plan
ABUJA, July 23 (Reuters) - Nigeria's Senate has approved President Bola Tinubu's plan for more than $21 billion in foreign borrowing to plug shortfalls in the 2025 budget, a senior lawmaker said late on Tuesday. Tinubu asked parliament to approve the borrowing in May. "With this approval we now have all revenue sources, including loans, in place to fully fund the budget," Solomon Adeola, Senate chair on appropriations, told reporters.
Bloomberg
10-07-2025
- Business
- Bloomberg
Nigeria Secures $747 Million Loan for Controversial Road Project
Nigeria secured a $747 million syndicated loan for a controversial highway that will link the nation's commercial capital to a key coastal city. The funding, led by Deutsche Bank AG, will finance construction of the first phase of the Lagos-Calabar highway, a 700-kilometer (435-mile) project initiated by President Bola Tinubu, the finance ministry said in a statement on Thursday.
