By Funmilayo Adeyemi The Nigerian Education Loan Fund (NELFUND) says it plans to start entertaining loan application from students attending state-owned tertiary institutions on June 25. The Managing Director, NELFUND, Mr Akintunde Sawyerr said this at a news conference on the Post-Application Launch in Abuja on Thursday. Sawyerr also said that ove
Read MoreStudent loan scheme to commence with federal tertiary institutions—NELFUND
By Funmilayo Adeyemi The Managing Director, Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr says students in federal tertiary institutions would first be considered in the roll out of the scheme. Sawyerr disclosed this in Abuja on Monday, at a news conference on pre-application sensitisation on the loan scheme. He said that the Fund wo
Read MoreStrong credit score will enhance higher funding for MSMEs – Expert
By Rukayat Moisemhe A financial expert, Mr Gbemi Adelekan, has advised Micro, Small and Medium Enterprises (MSMEs) to ensure a solid repayment history to enhance their credit scores and improve their access to funding. Adelekan, also the Chief Executive Officer of KwikPay Credit, gave the advice on Saturday in Lagos in an interview with the [&helli
Read MoreEffective risk management, corporate governance, foster economic growth – Institute
By Perpetua Onuegbu The Chartered Institute of Loan and Risk Management of Nigeria, says that effective risk management and corporate governance foster economic growth, stability and engenders national value creation. According to the institute, effective risk management and corporate governance extend goes individual companies; they have a profoun
Read MoreInstitute pledges support for FG’s loan recovery from farmers
By Mustapha Yauri The Institute for Agricultural Research (IAR), Ahmadu Bello University (ABU), Zaria, on Wednesday pledged to support the Federal Government in the recovery of Anchor Borrowers loans granted to farmers. IAR’s Executive Director, Prof. Mohammad Ishiyaku, assured of the support as he toured its Tela Maize Farmers Field at Kakangi in
Read MoreZulum approves N2bn workers’ loan, 30 buses to ease transportation
By Yakubu Uba Gov. Babagana Zulum of Borno has announced the approval of N2 billion for workers’ loan and 30 buses to ease their transportation and prevailing economic difficulties. The News Agency of Nigeria (NAN) reports that Zulum also directed the Ministry of Finance to implement outstanding promotion benefits to workers. H
Read MoreU.S. approves $500m arms sales to Taiwan
The U.S. has approved a 500-million dollar potential sale of weapons to Taiwan to help boost the island’s airspace defence capability. The U.S. Defence Security Cooperation Agency (DSCA) said in a Wednesday statement that the sale would include F-16 Infrared Search and Track (IRST) systems and related equipment. “The proposed s
Read MoreIMF releases $7.5 bn loan for Argentina
The International Monetary Fund (IMF) has released a loan tranche of $7.5 billion for Argentina, in a deal that took four months to negotiate. The IMF Executive Board announced the deal in Washington on Wednesday. “The IMF Executive Board completed today the fifth and six reviews of Argentina’s 30-month Extended Fund Facility [
Read MoreADB approves $45m loan to boost Laos’ health care services
The Asian Development Bank (ADB) has approved a 45 million U.S. dollar loan to help strengthen quality health care in 16 districts across 10 provinces in Laos. The Manila-based bank said that Improving the Quality of Health Care Project would help the Lao Ministry of Health design and implement quality of care policies. “It would […]
Read MoreNaira Relief: NNPC Ltd. secures $3bn emergency crude repayment loan from Afreximbank
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd) and Afreximbank have jointly signed a commitment letter and term sheet for an emergency three billion dollars crude oil repayment loan. The signing took place on Wednesday in the bank’s headquarters in Cairo, Egypt, according to a statement by the NNPC Ltd. The News [&h
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