Trending News: BREAKING: Tinubu seeks Senate’s approval to borrow $5bn24 hours after, Nigeria’s president reacts to deadly Plateau, Kaduna attacksGunmen attack students’ hostels at Ekiti UniversityWave of US-Israeli strikes hit key Iran sitesTrump tells countries hit by Strait of Hormuz blockade to ‘go get your own oil’Trump makes new attack threat on IranViolence erupts in S’Africa over alleged Igbo king coronation30 killed in armed raids near Niger-Nigeria borderKwankwaso officially joins ADCTinubu’s minister resignsGunmen Kill 13 Wedding Guests, Abduct Others In KadunaCanada introduces new immigration, asylum rules for Nigerians, othersMan kills girlfriend over infidelity in Cross RiverGovernance Failures, Not Funding Shortfalls, Are Crippling Nigeria’s Local CouncilsFACT-CHECK: Atiku not stepping down for Peter Obi in ADC presidential raceTrump continues to push ceasefire but targets Iran’s oilNCC Directs Telecom Operators To Compensate Subscribers For Poor Network ServicePlateau 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Tue. Mar 31st, 2026
Trending News: BREAKING: Tinubu seeks Senate’s approval to borrow $5bn24 hours after, Nigeria’s president reacts to deadly Plateau, Kaduna attacksGunmen attack students’ hostels at Ekiti UniversityWave of US-Israeli strikes hit key Iran sitesTrump tells countries hit by Strait of Hormuz blockade to ‘go get your own oil’Trump makes new attack threat on IranViolence erupts in S’Africa over alleged Igbo king coronation30 killed in armed raids near Niger-Nigeria borderKwankwaso officially joins ADCTinubu’s minister resignsGunmen Kill 13 Wedding Guests, Abduct Others In KadunaCanada introduces new immigration, asylum rules for Nigerians, othersMan kills girlfriend over infidelity in Cross RiverGovernance Failures, Not Funding Shortfalls, Are Crippling Nigeria’s Local CouncilsFACT-CHECK: Atiku not stepping down for Peter Obi in ADC presidential raceTrump continues to push ceasefire but targets Iran’s oilNCC Directs Telecom Operators To Compensate Subscribers For Poor Network ServicePlateau imposes 48-hour curfew in Jos North after deadly attackZulum fires all Commissioners, Dissolves executive councilPlateau Attack: UniJos Suspends ExamsGod ‘Does Not Listen To The Prayer Of Those Who Wage War’, Says PopeWike’s PDP faction re-elects Abdulrahman Mohammed, Sam Anyanwu as chair, secretarySeveral killed as gunmen open fire on residents of Plateau community800 Nigerian deportees arrive from Niger Republic – ReportRivers government: Ibas administration spent over N302bn in six monthsNDLEA seizes cocaine hidden in dry fish, arrests grandpa with methIsrael Hits Iran Naval Research Site As Fresh Blasts Rattle TehranKwankwaso, supporters to join ADC MondayIran guards threaten to hit US varsities in Middle EastInvestigation: The Audacity of A Randy Priest FACT-CHECK: Video of MC Oluomo giving money to people, not from recent APC convention, clip is two months oldFBI director Kash Patel’s email hacked by ‘Iran-linked group’APC dismisses report on 2027 nomination form prices as fakeSix health workers abducted in OndoYemen’s Houthi enter war with missile targeting IsraelMillions Lost As Fire Destroys Drugs, Vaccines, Property At Ebonyi Health MinistryYilwatda, Ajibola Basiru re-elected through consensus as APC national chairman, secretaryMan flogged to death over alleged rape of minor in BayelsaEl-Rufai gets bail after mum’s deathUS weighs sending up to 10,000 troops to Middle East – ReportsASUU Gives FG Four-Day Ultimatum Over New Salary StructureCourt discharges Stella Oduah in N2.5bn fraud case after plea bargainBandits demand N1bn ransom for eight abducted Kwara worshippersSoludo orders suspension of absentee workers after surprise secretariat visitMan stabs mother to death for ‘refusing to bathe him’Trump Says Iran ‘Better Get Serious’ In Mideast War Talks24-year-old Nigerian jailed for life in UKReport: Nearly 60% of Nigerians earn below N100,000 or have no incomeSeveral Feared Dead As Sand Pit Collapses In KanoIran Rejects US Peace Plan, Says War Will End On Its Terms – State TVIsrael army says struck Iran’s submarine development site in IsfahanTrump Insists Talks Happening ‘Right Now’ As Iran, Israel Trade StrikesNine Soldiers, One Policeman Killed In Kebbi AmbushNBA berates Sowore over press briefing in courtroomAdelabu: Nigeria needs over $100bn investment to fix power sectorCourt dismisses cyberbullying charge against Sowore, releases passportPolice arrest A’Ibom village head with AK-47 rifleCourt upholds final forfeiture of $13m linked to Lagos socialite Aisha Achimugu2025 ‘Deadliest Year’ Yet For Red Sea Migrants, UN Reports 922 DeathsAdelabu Apologises To Nigerians Over Power Outages, Promises ImprovementTiger Base Again – When Policing Becomes PersecutionEFCC operatives restrict access to Malami’s Abuja residenceTruck accident In Ibadan Leaves Many Feared DeadICPC arraigns El-Rufai, ex-gov to remain in custody till 31 MarchPresidency claims Tinubu having sleepless nights over insecurityNigerian graduate killed by fleeing driverIran war may push Nigerians to work from home – DangoteAt Least 66 Dead After Colombia Military Transport Plane CrashesIran Fires New Wave Of Missiles At Israel After Denying Trump TalksEFCC officials mark properties linked to Malami in Abuja for forfeitureAl-Qaeda-linked group kills 14 soldiers in Burkina FasoCourt sentences ex-Nigeria’s accountant chief to 72 years in prison for N868m fraudTrump Postpones Iran Power Plant Strikes After ‘Very Good’ Peace TalksOzoro Festival: 16 Suspects Arrested So Far, No Official Rape Report Yet – PoliceMany feared dead as explosion rocks Kwara communityIsrael launches fresh strikes on Tehran as Iran aims Gulf sitesReport of 150 bandits drowning in Sokoto river fake – OfficialEight feared dead as terrorists bomb Niger bridgeNigeria recorded two world’s deadliest terror attacks – ReportIran Threatens Middle East Infrastructure After Trump UltimatumAlleged Missing ₦210trn: SERAP Urges Senate To Publish Names Of Implicated OfficialsTrump gives Iran 48 hours to open Hormuz as Tehran strikes IsraelNDLEA intercepts drugs hidden in winter jackets, cream at Lagos airportBandits invade Kwara church, abduct worshippersUS deploys drones, 200 troops to Nigeria for intelligence support — ReportFACT-CHECK: Report of Chinese National paraded for aiding terrorism in Nigeria, not recentTwo killed as fuel-laden tanker collides with truck in LagosDelta protocol officer slumps, diesJehovah’s Witnesses relax blood transfusion rules, allows self-donationLagos State Task Force – Violations, Corrupt Enforcement, and the Drift Toward Violent BreakdownUS court sentences Nigerian to 90 months for 1.2m wire fraudTrump says US may wind down military operation in IranArmy Recovers 74 Terrorist Bodies In Ongoing Operations — DHQBoko Haram financiers are known, says ex-COAS BurataiWhat Is Bola Ahmed Tinubu Waiting For on the Police Pension Bill?Anambra Is Safest State, We’ve Cleared Over 60 Criminal Camps — Gov SoludoSupreme Leader Khamenei Says Iran Dealt Enemies ‘Dizzying Blow’Report: Ghana, South Africa turn to Dangote refinery amid Middle East conflictDelta community leaders deny rape claims, admit harassment at festivalUK asylum deal applies only to illegal Nigerian migrants, not foreigners — Presidency
Tue. Mar 31st, 2026

BREAKING: Tinubu seeks Senate’s approval to borrow $5bn

 

President Bola Tinubu has written the Senate seeking approval to borrow $5 billion.

In a letter to the President of the Senate, Senator Godswill Akpabio, which was read on Tuesday during plenary, the loan will be obtained from Abu Dhabi Bank and it is aimed at covering budget deficit, debt financing, among others.

 

 

In another letter to the Senate, President Tinubu is seeking approval to borrow $1 billion UK/EF loan facility from London Citi Bank for the rehabilitation of port projects, including Lagos Port complex and Tin Can port.

According to the President, the project’s objectives are to address critical deficiencies, improve efficiency, improve safety standards, support non-oil trade diversification and position Nigeria as a trade hub among others.

Akpabio then referred the letters to Senator Aliyu Wammakko-led Senate Committee on Local and Foreign Debts to carry out legislative actions on the request and report back immediately.

Details later…

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