Senate greenlights ₦1.15 trillion domestic loan to bridge 2025 budget The Nigerian Senate has approved President Bola Tinubu’s request to raise ₦1.15 trillion from the domestic debt market to cover the remaining deficit in the 2025 budget. The approval came after the Senate Committee on Local and Foreign Debt presented its report during Wednesday’s plenary session. The committee highlighted that the 2025 Appropriation Act sets total expenditure at ₦59.99 trillion—an increase of ₦5.25 trillion over the original ₦54.74 trillion proposed by the Executive. This increase created a total budget deficit of ₦14.10...