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Nigeria : green light for $2.85 billion external borrowing plan including debut sovereign sukuk
On October 29, 2025, Nigeria’s parliament approved President Bola Tinubu’s request to raise $2.85 billion in international borrowing, including a first-ever sovereign sukuk issuance of $500 million. The move aims to help close the 2025 budget gap and refinance euro-bonds due in November, marking a strategic shift in Nigeria’s debt management.
