30 results
- 26 Apr 2024
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund. Jim Ovia Ovia’s appointment is contained…
- 26 Nov 2023
SERAP Asks World Bank to Suspend Loan Nigeria’s 36 States
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to suspend loans to Nigeria’s 36 states until previous ones are accounted for. This is due to recurring…
- 2 Apr 2025
World Bank Approves $1.08Bn Loan for Nigeria
The World Bank announced on Wednesday that it had approved a total of $1.08 billion in concessional financing for Nigeria to enhance education quality, build household and community resilience, and…
- 25 Aug 2022
PressPayNG, FCMB Partner to Bridge Educational Funding Gap
PressPayNg, a digital financing platform for tertiary education, says it has reached and on-boarded over 60,000 Nigerian students and parents by providing funding solutions to beneficiaries. It said…
- 27 Apr 2025
Over 500,000 Students Apply for NELFUND Loans in 11 Months- CEO
In less than a year since its launch, the Nigeria Education Loan Fund (NELFUND) has attracted over 500,000 student loan applications—highlighting a growing national demand for accessible and…
- 17 Dec 2024
World Bank Plans $1.65Bn Loans for Nigeria in 2025
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts to address critical developmental challenges in the country. The loans,…
- 14 Apr 2022
Nigeria Youth Investment Fund: Ford Foundation Backs Underserved Communities to Access Fund
Socioeconomic interventions such as microcredit schemes have become a popular instrument to promote economic empowerment among entrepreneurs and job creation. However, some target groups from…
- 3 Nov 2025
NELFUND Student Loan Applications Surpass 1m in Under a Year
Nigerian Education Loan Fund (NELFUND) has announced a major milestone in its student loan programme, revealing that applications have exceeded one million since the scheme’s launch on May 24, 2024.…
- 6 Feb 2025
FG Seeks Fresh $580m Loan from World Bank
Federal government of Nigeria is seeking two fresh loans totaling $580m from the World Bank in March 2025. The loans are for: Accelerating Nutrition Results in Nigeria 2.0; and HOPE for Quality Basic…
- 30 Mar 2025
Nigeria Gets Fresh $500m World Bank Loan for Economic Stimulus Programme
The World Bank has approved a $500 million loan to Nigeria to support the country’s Community Action for Resilience and Economic Stimulus Programme. According to information obtained from the bank’s…
- 11 Mar 2024
Student Loan: Inuwa Advises NELFUND to Accommodate Short Courses on Digital Skills
As the world shift from certificate to skill acquisition, the Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has advised the Nigerian Education Loan Fund…
- 10 May 2018
Shell Fund Supports Nigerian Contractors with N472Bn loans
Some 290 Nigerian contractors have received loans worth more than N472 billion under the Shell Contractor Support Fund, which was set up by Shell companies in Nigeria to help vendors and suppliers in…
- 9 Dec 2025
FG to Use Digital Economy Initiatives to Curb Corruption Among Youth
Lateef Fagbemi (SAN), the Attorney-General of the Federation and Minister of Justice, has said that Federal Government is intensifying its use of digital-economy initiatives to curb corruption among…
- 23 Aug 2024
FCMB Asset Management's Private Debt Fund Targets Mid-Sized Businesses
FCMB Asset Management Limited (FCMBAM), acting as Sponsor and Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom, recently launched Nigeria's…
- 2 Jul 2025
World Bank Approves Extra $65m for Nigeria’s SPESSE
World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total…
- 13 Apr 2025
NOA Uncovers Fraud by Banks, Universities in Students Loan Scheme
National Orientation Agency (NOA) has revealed that an investigation by its Community Orientation and Mobilisation Officers (COMO) uncovered unethical practices by some tertiary institutions, in…
- 17 Jun 2025
Lagos Future Conference 2025: Stakeholders Call for Digital Responsibility and Grassroots Innovation
The Lagos Future Conference 2025, themed ‘Future-Forward – Harnessing the Power of Youth, Innovation, and Technology for National Economic Growth,’ concluded last week with a resounding call for both…
- 7 Nov 2025
FG Launches N10m Interest-Free Loans for Varsity Staff
Federal government of Nigeria has officially launched and commenced the disbursement of the N10 million interest-free loans under the Tertiary Institutions Staff Support Fund (TISSF), marking a major…
- 8 Jan 2019
FirstBank Supports Schools, Parents with Financial Educational Solutions
First Bank of Nigeria Limited has restated its determinations in supporting schools with their business requirements to promote preparations for the school year, through its array of educational…
- 2 Nov 2023
Tizeti Secures Facility to Expand Solar-Based Internet Access in Nigeria
Tizeti Network Limited, West Africa’s pioneer solar-based internet service provider, has secured long-term financing from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) to finance the…
- 27 Sept 2023
FG Ignores Concerns, Takes $1.95Bn World Bank Loans
Federal government has secured a substantial $1.95 billion loan from the World Bank within the initial four months of President Bola Tinubu’s tenure. Bola Tinubu This is coming amidst rising public…
- 3 Mar 2023
Wema Bank Partners with Enugu State Government to Train Over 250 SMEs
Wema Bank Plc, the oldest indigenous bank in Nigeria, has urged Small and Medium-Scale Enterprise (SME) owners and managers in Nigeria to explore the various funding opportunities that the bank…
- 5 Aug 2021
Looking to Scale your Business Through 5 SME Loan Schemes
With the persistent narrative around lack of access to quality loans for Small and Medium-scale Enterprises (SME) coupled with the fact that they play a pivotal role in driving the economy and…
- 27 Jul 2020
First Bank Cushions Effect of COVID-19 on SMEs in Education Sector
First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in the Education Sector to cushion the effects of the COVID -19 pandemic. Mr. Bankole…
- 31 Mar 2024
SERAP Gives Governors & Wike 7 Days To Account For ₦5.9trn, $4.6bn Loans
Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike to “widely publish copies of…
- 26 Feb 2020
Standard Chartered, Educare Partner to Develop Educational Solution
Standard Chartered Bank Nigeria entered into a unique partnership with Educare Technology Solutions Limited and have together developed a unique educational solution called SC EduEdge. The 3-years…
- 28 Sept 2025
World Bank Approves Fresh 750m Loan for FGs Digital Expansion, Health
World Bank is set to approve two loans totalling $750m for Nigeria on Tuesday, September 30, 2025, according to documents published on the bank’s official website. The funding is directed toward…
- 1 Jul 2021
UBA Leads Peers in Stimulating Economic Growth in Africa through Consumer Lending
United Bank for Africa (UBA) Plc, Pan African financial Institution, has reiterated its support for SME business and businesses through consumer lending and have innovated with niche products that…
- 15 Jul 2021
LAPO MFB: A commendable Half Year despite the Pandemic
By Paul K Adegboyega Undoubtedly, 2021 – the second year of the Covid-19 pandemic – has been another tough year for many Nigerians especially low-income earners who have limited access to financial…
- 2 Aug 2026
Dare Tackles Onaiyekan over Criticism of Tinubu, Says Economic is Working
Sunday Dare, special adviser to the President on Media and Public Communication, has faulted the criticism directed at President Bola Tinubu and his economic policies by John Cardinal Onaiyekan,…