House of Reps approves Tinubu’s $2.34bn loan request The House of Representatives has approved President Bola Tinubu’s request to raise a total of $2.347 billion from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. The approval followed the consideration and adoption of a report presented by Hon. Abubakar Hassan Nalaraba, Chairman of the House Committee on Aids, Loans, and Debt Management (APC, Nasarawa), at plenary on Wednesday. The committee’s report indicated that the borrowing plan was split into two components — $1.23 billion to fund the...