•Femi Gbajabiamila The Chief of Staff to the President, Femi Gbajabiamila, has revealed that the government of the day was unhappy with him when he served as Speaker of the House of Representatives for refusing to approve a foreign infrastructure loan that excluded the South-East. Although Gbajabiamila did not mention any names, he served as [...
The Nigerian Education Loan Fund (NELFUND) has released a list of 203 tertiary institutions that failed to upload their students’ data for the 2024/2025 student loan application exercise. It also announced the reopening of the portal for 48 hours to allow institutions yet to comply to do so. Institutions are required to upload their students’ ...
•Dino Melaye and Tinubu A former senator, Dino Melaye has taunted the government of President Bola Tinubu, saying it may soon turn to Fintech operating in Nigeria for loan. The Tinubu administration has come under intense scrutiny over borrowing, reports Daily Trust. Recently, the African Democratic Congress (ADC) said the new wave of borrowin...
•Marcus Rashford Spanish champions Barcelona loaned Manchester United striker Marcus Rashford today with a future purchase option. “Barcelona and Manchester United have reached a deal for the loan of the player Marcus Rashford until June 30, 2026,” announced the La Liga champions in a statement. “The agreement also establishes an option to buy...
•Tinubu and World Bank logo The World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total financing for the initiative to $145 million. The approval was granted on June 24, 2025, according to details posted on...
•Tinubu and World Bank logo The federal government is expected to lose $4 million from a World Bank loan after failing to meet auditing standards on a key revenue reform covering the Federal Inland Revenue Service and the Nigeria Customs Service. The fund formed part of the $103m Fiscal Governance and Institutions Project, a public […]...
Oando Plc, yesterday, announced an increase in its Reserve Based Lending (RBL2) facility to $375 million. A reserve-based lending facility is a type of loan commonly used in the oil and gas industry, where the amount a company can borrow is determined primarily by the value of its proven oil and gas reserves. Financing arrangements […]
Southsouth and Southeast students have given reasons for their low participation in the Nigerian Education Loan Fund (NELFUND). Some of the students told our reporters that they had passive knowledge of the scheme; others were uninterested in it, reports The Nation. While those with a passive idea blamed poor sensitisation by relevant authorit...
•Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to reject the recently approved $1.08 billion World Bank loan and instead direct the Attorney General of the Federation and Minister of Justice, Mr. Lateef Fagbemi (SAN), and appropriate anti-corruption agencies to promptly investigate the alle...
•Tinubu The World Bank has approved three operations in Nigeria, totaling $1.08 billion in concessional financing, to enhance education quality, build household and community resilience, and improve nutrition for underserved groups. This includes $500 million in additional financing for the Nigeria: Community Action for Resilience and Economic...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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