Loan

Former Vice President Atiku Abubakar has criticised the reported swift approval of a $6 billion external loan request by President Bola Ahmed Tinubu, describing the process as “reckless urgency.” Atiku, a chieftain of the African…
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The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after the Senate President, Godswill Akpabio, read the letter from…
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The Nigerian Education Loan Fund (NELFUND) has approved an extension of its student loan application portal for institutions that formally requested additional time for the 2025/2026 academic session. The Fund disclosed this in a…
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The Nigerian Education Loan Fund (NELFUND) has announced plans to extend its student loan scheme to cover vocational and skills acquisition programmes. The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this in an interview…
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The Senate, on Wednesday, approved President Bola Tinubu’s request for N1.15 trillion loan from the domestic debt market to finance the deficit in the 2025 budget. The approval followed the adoption of the report of the Senate Committee…
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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…
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The Nigerian Education Loan Fund (NELFUND) says that upkeep loan disbursement is now strictly tied to the academic session of each institution. NELFUND disclosed this in a statement made available to newsmen in Abuja on Thursday by its…
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President Bola Tinubu has asked the National Assembly to approve an additional $347 million external loan under the 2025–2026 borrowing plan. Speaker of the House of Representatives Tajudeen Abbas read a letter containing Tinubu’s…
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The World Bank has approved an additional $65 million loan for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, raising total project financing to $145 million. According to…
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The Kano State Government has denied claims that it secured a new external loan of $6.6 million under the current New Nigeria People’s Party (NNPP) administration. This was contained in a statement issued on Thursday by the Director…
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