loan
3 days ago
The Kano State Government has concluded plans to strengthen the state’s economy and boost Small Scale Enterprises with a N25 billion small-scale entrepreneurs support loan. With about 70 per cent of the funds allocated to entrepreneurs, the initiative is poised to promote economic growth and development in Kano State. Making this known, the Commissioner for…
14 Nov
Nigeria has secured a 134-million-dollar (127-million-euro) loan to invest in farming, the government said Thursday, as Africa's most popul
5 Oct
Construction work on the Kano-Maradi railway has reached 35 per cent completion even as the federal government awaits the release of the $1.3 billion credit facility from the China Development Bank. This was disclosed when the Minister of Transportation, Sa’idu Alkali, during an inspection of the Kano-Daura-Maradi railway project alongside members of the Senate Committee…
28 Sep
The Vice Chancellor of the Kogi State University (KSU), Kabba, Prof. Kehinde Eniola has disclosed that a total of 101 students of the institution have benefited from the Nigeria Education Loan Fund (NELFUND), under the President Bola Tinubu administration. The VC who disclosed this at the University campus weekend during a press conference to mark…
27 Sep
Kano State Government has distanced Governor Abba Kabiru Yusuf from a ₦177 billion loan from France secured by the administration of former governor Abdullahi Ganduje. The government said the claim was a misconception and a “deliberate attempt by selfish individuals to tarnish the ingenuity of the government to promote infrastructural growth.” Director General, Kano State…
22 Sep
The Alex Ekwueme Federal University Ndufu-Alike, Ebonyi State, has confirmed the receipt of ₦193 million in institutional fees from the Nigerian Education Loan Fund (NELFUND) to cover the fees of 1,068 students. Vice-Chancellor of the university, Prof. Sunday Elom, announced the release of the first tranche of funds in a letter addressed to NELFUND Managing…
11 Sep
An expert has stressed the need for the government to reverse the previous method of providing loans at a subsidised rate of 10 per cent to forestall the total collapse of listed firms in the manufacturing sector and revive the industry.
27 Aug
The Federal Mortgage Bank of Nigeria (FMBN), says it is planning to finance the construction of student hostels and staff quarters for university workers to enable them to benefit from its loan scheme. Its Managing Director, Mr Shehu Osidi, said this at the ongoing 2024 FMBN Management Retreat on Monday. The theme of the Retreat…
24 Aug
Rep. Terseer Ugbor (APC-Benue), has warned against politicising the disbursement of loans to students of tertiary institutions in the country. Ugbor, who represents Kwande/Ushongo Federal Constituency of Benue, in a statement on Friday, demanded openness and transparency in the management and disbursement of loans to students. He also cautioned the Nigerian Education Loan Fund (NELFUND)…
25 May
The students' loan scheme has commenced in earnest, with 126 federal tertiary institutions set to benefit in the first phase. According to the Nigerian Education Loan Fund (NELFUND), 1.2 million students from federal government-owned universities, polytechnics, colleges of education, and technical colleges are expected to benefit from the first phase of the scheme, while those…
16 May
The Senate has approved a $500 million loan request by the Federal Government to increase access of more Nigerians to prepaid electricity meters.
25 Apr
Stakeholders at the 2024 yearly lecture of the Chartered Institute of Bankers of Nigeria (CIBN) have called for the adoption of appropriate credit culture to pave the way for an enhanced loan securitisation process and availability of credit to the real sector.
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21 mins ago
Music lawyers gathered at the Cathedral Church of St. Jude, Ebute-Metta, to unveil David Olusoga Fayemi's commemorative booklet on lawyers in music, which was the climax of the activities marking the 90th choir festival of the oldest church choir on Mainland, Lagos.
1 day ago
The Federal Government has reaffirmed its commitment to creating an inclusive extractive industry anchored on the principles of transparency, regional partnerships, and local capacity building. Vice-President Kashim Shettima stated this during the inaugural International Exhibition of Extractive and Energy Resources (Salon International des Ressources Extractives et Energétiques – SIREXE) in Abidjan, Côte d’Ivoire. The federal…
1 day ago
The Coalition of Civil Society Organizations (CSOs) in Katsina State has expressed concern over proposed 2025 budget for the health sector, saying it is inadequate. The Chairman of the coalition, Alhaji Abdulrahman Abdullahi, expressed the coalition’s worry in an interview with the News Agency of Nigeria (NAN) on Wednesday in Katsina. READ ALSO:Anambra police nab…
1 day ago
The Anambra State Police Command has successfully rescued two kidnapped young women and apprehended four suspects involved in the crime. According to a press statement released by the state police spokesperson, SP Tochukwu Ikenga, the operation was conducted by officers from the Oba Police Divisional Headquarters in Idemili South Local Government Area. The statement revealed…
1 day ago
Justice James Omotosho of the Federal High Court in Abuja has struck down Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which required broadcasters to pay 2.5% of their "Gross Annual Income" as an Annual Operating Levy. The ruling followed a suit filed by MultiChoice Nigeria Ltd and Details Nigeria Limited (GO…
1 day ago
The Niger State Executive Council has proposed an estimate of a N1.20 trillion budget for the 2025 fiscal year for approval. The commissioner, in his analysis, also stated that even though the 2024 approved budget was supplemented with the sum of N191.98bn, the breakdown of the draft 2025 proposals revealed an increase of 1.18% in…
1 day ago
A group, the Voice of African Universities (VAU), has labelled a petition submitted to Nigeria's Minister of Education, Dr. Maruf Olatunji Alausa, alleging a breach of extant guidelines in the appointment of Professor Aisha Sani Maikudi as the Acting Vice-Chancellor of the University of Abuja (UniAbuja), as baseless and archaic. The group, in a press…
1 day ago
Mr Sule Abdulaziz, Managing Director of Transmission Company of Nigeria (TCN), says the Federal Government has spent about N8.8 billion to repair vandalised transmission towers across the country. This is contained in a statement in Abuja on Wednesday by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power.…
1 day ago
A bill which seeks to create the Federal Capital Territory Satellite Towns Development Commission has passed its second reading on the floor of the Senate. The piece of legislation is sponsored by Senator Aliyu Wadada, representing Nasarawa West on the platform of the Social Democratic Party. In his lead debate, the senator told his colleagues…
1 day ago
The Federal Government has introduced a new strategy focused on promoting Science, Technology, Engineering, and Mathematics (STEM), enhancing Technical and Vocational Education and Training (TVET), and raising the overall standard of education. The Minister of Education, Dr. Tunji Alausa, stated this in Abuja on Wednesday while declaring open the stakeholders’ consultative dialogue on the Education…