•ASUU president, Chris Piwuna The new President of the Academic Staff Union of Universities, Prof Chris Piwuna, speaks on the persistent challenges facing universities, and the non-implementation of the 2009 agreement with the federal government, reports Sunday PUNCH. Excerpts: How would you assess the federal government’s disposition to the w...
•Atiku and Tinubu Former Vice President Atiku Abubakar has described the announcement by the President Bola Tinubu-led All Progressives Congress (APC) government to pursue fresh external and domestic loans as reckless and dangerous move that threatens the future of Nigeria and generations yet unborn. In a press statement today by the People’s ...
•NANS National Public Relations Officer, Samson Adeyemi Nigerian students under the aegis of The National Association of Nigerian Students have voiced concern over the alleged non-disbursement of student loans by the Nigerian Education Loan Fund, despite claims that funds have already been released. An investigation into the handling of the fe...
•Tinubu The federal government is set to secure six new loans totalling $2.23 billion from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25 billi...
•Tinubu and World Bank The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65 billion, as part of efforts to address critical developmental challenges in the country. The loans, currently in the pipeline, will focus on internally displaced persons, education, and nutrition enhancement, reports The PUN...
•Governor Hyacinth Alia Benue State governor, Hyacinth Alia says his administration has spent $2.82 million (N4.53 billion) to service external loans between June 2023 and June 2024. Alia made the disclosure in a statement signed by his Chief Press Secretary, Sir Tersoo Kula, and made available to journalists today in Makurdi. The governor sai...
•Bagos and Tinubu A former House of Representatives member Dachung Bagos has questioned Nigeria’s borrowings, wondering how the country is going to pay back. President Bola Tinubu recently sent a ₦1.77 trillion ($2.2b) loan request to the National Assembly. Days after the move, the Senate approved the request, prompting questions from many Nig...
The federal government has given conditions for prospective beneficiaries of the Presidential Grants and Loan Scheme for the Micro Small and Medium Enterprises (MSMEs). The Akwa Ibom Manager of the Bank Of Industry (BOI) Tolulope Toluwase reeled out the requirements at the formal launch of the scheme in Uyo, Akwa Ibom state, reports The Nation...
Twenty one states of the federation are seeking loans amounting to N1.65 trillion to fund their 2024 budget deficits despite the increase in the allocations they have received from the Federation Account Allocation Committee (FAAC) in the last one year. From June 2023 to June this year, all the 36 states and the 774 local […]
The Central Bank of Nigeria yesterday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies as collateral for naira loans within 90 days. The development happened as the naira rose against the greenback at both the official […]
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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