•Finance Minister Wale Edun The Federal Government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. The federal government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. Wale Edun, the finance minister, unveiled this milestone during a joint p...
•Denys Denya Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to crude cargoes from the Nigerian National Petroleum Company Ltd. According to Bloomberg, Afreximbank’s Senior...
•Tinubu during the signing ceremony today President Bola Ahmed Tinubu signed the student loans amendment bill into law at the State House today, Wednesday, April 3. The Act, also known as the Students Loan Law, also established the Nigerian Education Loan Fund, which is expected to handle all loan requests, grants, disbursement, and recovery, ...
•Tinubu President Bola Tinubu, today, passed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law. This comes after separate considerations by both the Senate and the House of Representatives of the report of the Committee on Tertiary Institutions and TETFund. … developing story
•Tinubu The federal government has postponed the launch of the Nigerian Students Loan Scheme indefinitely. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), stated this in an interview with ARISE TV. The loan which was formally slated to take off tomorrow, has been postponed again, as there are some corre...
Governor Alex Otti of Abia State says he has approved immediate disbursement of N100,000 interest free-loan to Abia women entrepreneurs among other operators of small and medium enterprises in rural communities. This is as he said that his administration had shown unprecedented regard for women as four women occupy very sensitive portfolios in...
The Federal Competition and Consumer Protection Commission (FCCPC) has reminded digital loan app operators of rules of engagements as regards their interactions with customers. FCCPC, in a statement, today, referred the digital loan app operators to sections 17(a), (e), (g), (h), (l), (m), (s), (x), (v), 18(3), 123, 124, 127, 129 and 130 of th...
•Mazi Eze A lecturer at the Department of English, University of Port Harcourt, Dr. Mazi Eze, has shared his frustration after being denied a N5 million loan due to his monthly salary of N191,000. Narrating his experience in a post on his Facebook page yesterday, Eze recalled his visit to First Bank, Choba, where he […]
•Akpabio The Office of the President of the Senate, Godswill Akpabio, has issued a warning to the public regarding a fraudulent online loan application circulating on social media platforms. The fake offer, titled “N200,000 Palliative Loan By the Senate,” features a misleading image of Senator Akpabio alongside the coat of arms and the logo of...
•Tinubu and Atiku Former Vice President Atiku Abubakar yesterday asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited (NNPCL)’s $3.3 billion emergency crude repayment loan. Last August, the NNPCL secured a $3.3 billion emergency crude repayment loan from the African Export-Import Bank to stabilize the fore...