The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit. The lawmakers also gave the green light for the issuance of a $500 million debut sovereign sukuk in the international capital market to fund key infrastructure projects and broaden Nigeria’s financing sources. The …
Former Vice-President Atiku Abubakar has condemned President Bola Tinubu’s recent exercise of the prerogative of mercy, saying the mass clemency has weakened public confidence in the criminal-justice system and “emboldens criminality.” In a statement posted on his X handle, Atiku said the presidential power to grant mercy is intended to temper justice with compassion, not …
