News

Tinubu effectively kicks off student loan scheme

Ihesiulo Grace 17 July 2024 0

Following a mild amendment to the Student Loan Scheme, the Federal Government has effectively commenced the programme. As of the time of filing this brief report, the President, Bola Tinubu is currently inaugurating a presidential committee to drive the Scheme at the State House, Abuja. To kick

Education

How to obtain FG’s student loan as portal opens May 24

DailyTimesNGR DailyTimesNGR 18 May 2024 0

BY ADA DIKE As this administration marks one year in office in a matter of days, one laudable feat that will go down in history is the student loan scheme, which is expected to grant access to children of the poor to acquire higher education. This scheme which has been signed into law will interestingly […]

Politics

Student’s Loan Act: HoR C’ttee assures adequate funding

DailyTimesNGR DailyTimesNGR 5 April 2024 0

…says funds required, will be drawn from FG revenue By Tom Okpe Chairman, House Committee on Student’s Loan, Rep Gboyega Isiaka has assured Nigerians of the present administration’s resolve towards ensuring adequate funding of Student’s Loan for the benefits of Nigerians, studying in public owned Tertiary Institutions across the country. He gave the

Headlines

Why FG must slow down borrowing amidst fresh $1.5b loan facility

DailyTimesNGR DailyTimesNGR 16 October 2023 0

Ranks 4th on World Bank borrowers’ list Despite Nigeria’s huge debt burden, the Federal Government (FG) over the weekend disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank. This is even as Nigeria currently sits in fourth position on the World Bank’s top 10 International Development […]

News

Human Rights Groups raise alarm over proposed Afrexim Bank, NNPCL’s $3bn Loan

Ihesiulo Grace 31 August 2023 0

…say loan illegal, want Tinubu to order NNPCL forensic audit The African Centre for Justice and Human Rights (ACJHR) and Justice Advocate Center (JAC) have commenced moves to put a stop to the $3 billion emergency loan recently secured on papers by the Nigeria National Petroleum Company Ltd (NNPCL) from the African Export-Import Bank (Afrexim) […]

Headlines

Amid several question marks, FG’s student loan scheme crystallizes

Ihesiulo Grace 16 June 2023 0

…New bank coming …Tinubu hands September deadline By Doosuur Iwambe A fresh financial institution, the Higher Education Nigerian Bank, is to come on stream soon to anchor Federal Government’s students’ loan scheme. President Bola Tinubu,on Democracy Day,June 12 (last Monday) signed into law the bill establishing the scheme. His action came even as the Academic

News

BREAKING: World Bank approves Nigeria’s $1.5bn loan request

Ihesiulo Grace 15 December 2020 0

Nigeria’s request for a $1.5 billion loan from the World Bank has been approved. On Tuesday, in a statement, the Bretton Wood institution said the facility is a five-year country partnership framework (CPF) that will last from 2021 to 2024. Daily Times reports that the bank said the facility was prepared jointly with the International […]

News

FG processes N284bn loans for states

Ihesiulo Grace 16 November 2020 0

By Philip Clement The Federal Government is processing a $750 million loan from the World Bank on behalf of the 36 states and Federal Capital Territory (FCT), minister of Finance, Budget and National Planning, Zainab Ahmed, has said. According to her, the loan is meant to stimulate the economy and support vulnerable households. She made […]

Economy News

Is China transport infrastructure devt loan beneficial to Nigeria?

Ihesiulo Grace 14 August 2020 0

By Taiye Elebiyo-Edeni Nigerian transportation industry which comprises aviation, land (road and rail) and maritime subsectors has faced challenges of infrastructure deficit since independence and successive administrations have taken steps to address these challenges. Since assuming office on May 29, 2015, President Muhammadu Buhari has taken giant strides to address

News

Jonathan also collected loan from China – Amaechi replies PDP chieftain

Ihesiulo Grace 5 August 2020 0

Rotimi Amaechi, minister of transportation, says former President Goodluck Jonathan also collected loan from China. Recently, a house of representatives panel expressed concern about a clause conceding Nigeria’s sovereignty to China in a loan agreement. READ ALSO: ‘I didn’t join politics to solve Nigeria’s problems’ – Rotimi Amaechi The clause, described as “lethal” by the

Sports

Inter Milan held again after their on-loan player scores against them

Ihesiulo Grace 27 January 2020 0

Second-placed Inter Milan were held to a third successive 1-1 draw on Sunday in their Serie A match against Cagliari. But their misery came from within somehow, after Radja Nainggolan, a player they loaned to Cagliari for this season, scored a second-half equaliser for the Sardinian side. READ ALSO: How Manchester City spank Fulham 4-0 […]

Featured Headlines News

$30bn loan: Power, transport, Works ministries to takes lion share

Ihesiulo Grace 9 December 2019 0

The ministries of Power, Works and Housing and Water Resources will take the largest share if eventually Nigeria secures the $30bn loan it intends to get from different multilateral organisations. According to a statement by Ajuri Ngelale, President Muhammadu Buhari’s special assistant on Public Affairs, shows that the planned projects spreads across different

News

Plateau government clarifies issues on debt loan

Ihesiulo Grace 13 March 2018 0

Plateau State Government has said that it has been able to reduce the debt it met by over 50 per cent Commissioner for Information and Communicatis, Mr. Yakubu Dati, in a statement also denied that the state procured a loan of $2 billion. Dati, who was reacting to the recent allegations by the Minister of […]

Business

800 workers benefit from FMBN N7bn loan disbursement 

Ihesiulo Grace 1 December 2017 0

As part of effort to assist workers to build their own houses, the Federal Mortgage Bank of Nigeria (FMBN) says it has disbursed more than N7 billion loan to 800 beneficiaries in 2017. Its Managing Director, Ahmed Dangiwa, disclosed  this at the FMBN 2017 Management Retreat in Abuja, with the theme Towards Improving FMBN Transaction […]

News

FG, BoI disburse N380m, GEEP beneficiaries lament non-receipt of alert

Ihesiulo Grace 21 October 2017 0

Sunday Nwakanma – Umuahia The Federal government in partnership with Abia State Government and Bank of Industry, BoI Friday, disbursed a total of N380 million to 7000 beneficiaries in Abia State through the Government Enterprises & Empowerment Programme, GEEP. However, some beneficiaries were disappointed when they did not receive their own bank alert as others […]

Headlines News

2017 Budget in trouble as Buhari seeks $5.5bn loans

Ihesiulo Grace 11 October 2017 0

Business Economy Telecoms

Zenith helps 9Mobile out

Ihesiulo Grace 15 August 2017 0

Zenith Bank says it has made a provision of 30 percent on its loan to 9mobile, the country’s fourth largest telecoms company. “We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring to prepare for a new investor,” the bank’s Chief Executive Officer, […]

Banking Economy

FG to Obtain $2bn Loan from World Bank, AfDB

Ihesiulo Grace 27 March 2015 0

The federal government has announced plans to secure a $2 billion loan from the World Bank and the African Development Bank (AfDB) in a bid to aid the implementation of its policies and programmes for the year. The federal government made its plans known during an interactive session with journalists in Abuja organised by the […]

News

Group Commends Dickson for Launching Micro-Finance Revolving Loan Scheme

Ihesiulo Grace 26 March 2015 0

The Grassroot Vanguard for Dickson has commended the Governor of Bayelsa State Hon. Henry Seriake Dickson for launching a N50m revolving loan scheme for market traders in the state over the weekend. The commendation came on Wednesday the 25th day of March 2015 by its state coordinator Chief Olalibo Osain Ibokolo (vii) describing the Gorvernor […]