•Uju Kennedy-Ohanenye and Tinubu The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request. On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representativ...
The Managing Director of the Nigerian Education Loan Fund, Dr. Akintunde Sawyerr, says students of higher institutions based in Nigeria’s South are not applying for loans because they doubt the viability. Sawyerr said this when he briefed State House correspondents after the launch of the disbursement of loans to applicants by President Bola T...
•Tinubu The Tinubu-led federal government has sought the assistance of the World Bank to provide funding worth $50 million to support state governments for the installation of solar plant pilots and infrastructure upgrades. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun spoke on the initiative when he met with a Wo...
•Tinubu As Nigeria secures a $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there is discomfort in some quarters. Despite the naira’s depreciation, the loan must be repaid in Western currencies, and since repayments do not start until 2034 — long after the current politicians have left office — [&hell...
The management of the Nigerian Education Loan Fund today said 12 state government-owned tertiary institutions have been onboarded to the student loan application pool. A statement signed by the Head, Media and Public Relations of the Fund, Nasir Ayitogo, noted that the onboarding followed the successful submission and verification of data comp...
The Nigerian National Petroleum Corporation (NNPC) is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive told our correspondent, as pressure mounts on the state-backed oil company the economy depends upon. NNPC in which the government is the main stakeholder, aims to raise at le...
•Tertiary institution students The Management of the Nigerian Education Loan Fund (NELFUND), has announced a 14-day postponement of the application process for student loans for state institutions due to low data submissions. A statement by the Head, Media and Public Relations, Nasir Ayitogo, today, said the decision was necessitated by the fa...
In pursuit of securing a new $750m loan from the World Bank, the federal government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank, reports The PUNCH. A copy of ...
•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...
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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