Featured post

Black Thursday

Rostrum The ancient narrow pathway had become so bad that they could not find their way to their destination as the three moved in a grey Honda Sport Utility Vehicle (SUV) being piloted by Dayo who was very mindful of the steering. It was on a Thursday. The 35-year-old Misters Dayo, Emeka and Okon were old time friends who reunited just a few days ago at Nsukka in Enugu State having lost contacts about eight years back, or thereabouts, after their graduation from one of the reputable higher citadels of learning in Nigeria situated in the Eastern part of the country, precisely University of Nigeria Nsukka popularly known by its acronym ‘U.N.N’. What occasioned the long-awaited reunion was the convention of their alma-mater’s alumni body themed ‘The homecoming of UNN Alumni’, which usually held once in a blue moon. Though they never studied in the same department, they were conspicuously best of friends during their school days that people within bega...

Tinubu seeks Fresh #1.15trn Loan, requests Senate’s Approval

Kings Olajide
President Bola Tinubu of Nigeria has once again sought the approval of the Senate for a fresh #1.15 trillion loan from the domestic debt market to finance the deficit in the country’s 2025 budget.

Tinubu’s request was contained in a letter addressed to the Senate President, Godswill Akpabio, which was read during plenary in Abuja on Tuesday, November 4, 2025.

ALSO READ >>>
House of Reps gives Nod to Tinubu's $2.35bn Loan Proposal

Tinubu said the proposed borrowing was aimed at bridging the funding gap and ensuring the full implementation of government programmes and projects under the 2025 fiscal plan.

After reading the letter, Akpabio referred the request to the Senate Committee on Local and Foreign Debt for further legislative input.

The committee is expected to report back to plenary in one week.

It could be recalled that barely a week ago, the National Assembly unanimously approved Tinubu's $2.35bn external loan proposal.