The Senate on Wednesday approved President Bola Tinubu’s request for a N1.15 trillion domestic loan to finance the deficit in the 2025 budget. The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts, presented by Sen. Manu Haruna (APC-Taraba). Haruna explained that the 2025 budget increased from N54.74…
President Bola Ahmed Tinubu has requested the approval of the National Assembly to borrow ₦1.15 trillion from the domestic debt market to help finance the deficit in the 2025 federal budget. At the same time, the Debt Management Office (DMO) is preparing to raise $2.3 billion from the international capital market this week in what…
Air Peace, Nigeria’s largest private airline, has added its first Embraer 190 aircraft to its growing fleet, as it aims to scale up services on domestic and regional routes across West Africa. The aircraft, with registration number 5N-CEF, landed at Lagos’ Murtala Muhammed International Airport on Sunday night. In a statement issued on Monday, Air…
