HOR : PBAT Seeks Approval For Fresh Foreign Loans Of $2.34b
President Bola Tinubu has sought the approval of the House of Representatives to take fresh foreign loans totalling $2.34 Billion dollars for part financing of deficit in the 2027 Appropriation Act. The breakdown, according to the letter, are $1,229,113,000 new external borrowing, at the exchange rate of USD1 to N1,500 and $1,118,352,000.00 for refinancing of Eurobonds due to mature on November 21, 2025. Also, President Tinubu is seeking the permission […]