The Federal Government is in advanced negotiations with the World Bank to secure an additional $65 million in funding for the ongoing Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) Project, Sunday AGS has learned. If approved, the new financing … Continue reading FG in Advanced Talks with World Bank for Additional $65m Loan to Boost Procurement
AGS NEWS – The Federal Government is in talks with the World Bank to secure a $500 million loan to support basic education in Nigeria. The loan is part of the World Bank’s HOPE for Quality Basic Education for All … Continue reading Nigeria seeks fresh $500m W’Bank loan for education
AGS NEWS – Former House of Representatives member Lanre Laoshe has repaid his N1,200 student loan from 1976-1979 with a sum of N3,189,217.00 to the Nigerian Education Loan Fund (NELFUND), according to a statement released on Tuesday. The repayment was … Continue reading Ex-lawmaker clears 1970s student loan with N3.2m
AGS NEWS – The Ogun State Government has begun disbursing N500 million in soft loans to artisans and traders across the state. Governor Dapo Abiodun, who had previously announced the initiative, stated that the loan program, called “Oko’wo Irinse Dapo,” … Continue reading Ogun begins disbursement of N500m loan to artisans, traders
AGS NEWS – The Federal Government of Nigeria is seeking a $500 million loan from the World Bank to improve rural road infrastructure and agricultural marketing nationwide. The World Bank stated that the loan would address the significant need for … Continue reading FG seeks $500m world bank loan for rural road development
AGS NEWS – The Nigerian Education Loan Fund (NELFund) announced that the portal for student loan applications will open on May 24, 2024. Nasir Ayantogo, NELFund’s media lead, stated that this launch signifies President Bola Tinubu’s commitment to accessible and … Continue reading FG to open student loan application portal on May 24
AGS NEWS – Nigeria is on track to secure a $1.05 billion syndicated loan backed by oil from the African Import Export Bank in the coming month. This loan is part of a larger $3.3 billion prepayment facility arranged by … Continue reading FG set to secure $1bn Afreximbank loan in May
AGS NEWS – In a bid to empower Small and Medium Enterprises (SMEs) across the continent, the African Guarantee Fund (AGF) and United Bank for Africa (UBA) have sealed a partnership spanning 20 African countries. As per a statement released … Continue reading UBA partners with African guarantee fund to offer $100 million SME loan initiative
The Tertiary Education Trust Fund (TETFund) has announced its plan to allocate a more substantial portion of its annual direct disbursements following an improvement in tax collections. Sonny Echono, the Executive Secretary of TETFund, revealed this information during an interactive … Continue reading TETFund plans higher disbursement to institutions for 2024
The Nigerian National Petroleum Corporation Limited (NNPCL) has successfully obtained a $3 billion loan aimed at repaying crude oil debt, as revealed in a concise statement posted on the company’s official X platform (formerly known as Twitter) account on Wednesday. … Continue reading NNPCL obtains $3 billion loan to stabilize naira amid forex crisis
Arsenal has added Spanish goalkeeper David Raya to their roster on a season-long loan from Brentford. Raya’s arrival at the Emirates Stadium sets the stage for a compelling competition with England’s Aaron Ramsdale for the starting goalkeeper position for the … Continue reading Arsenal secures Brentford goalkeeper Raya on season long loan
The Central Bank of Nigeria (CBN) has revealed that it provided loans amounting to N40.67 billion to its staff members by the end of December 2022, as stated in its audited financial report for the same year. This marks a … Continue reading CBN staff loans surge by 113%, reaching N40 billion
The World Bank Group has advised Nigeria to reduce the government’s borrowing from the Central Bank as part of its efforts to address inflationary pressure on the economy. During an economic review session at the Lagos Business School, the World … Continue reading World bank urges Nigeria to reduce government borrowing from CBN
Abdulkareem Ogirima, an educationist, has praised President Bola Tinubu for enacting the Student Loan Bill, expressing optimism that the law will alleviate the hardships faced by financially disadvantaged students and reduce dropout rates. Ogirima made these remarks during a briefing … Continue reading Educationist applauds loan act for alleviating students’ hardships
The board of directors of the African Development Bank Group has given the green light for a $115 million loan to support a significant road rehabilitation project in Abia State. The project aims to rehabilitate roads, address erosion control, develop … Continue reading AfDB approves $115m loan for road rehabilitation project in Abia state
The World Bank Group has granted Nigeria a loan of $500 million to support the country’s efforts in driving women’s empowerment, according to sources. This loan marks the second approval by the World Bank since the presidency of Bola Tinubu. … Continue reading World bank approves $500 million loan for Nigerian government
UN Secretary-General Antonio Guterres accuses Russia of killing 136 children in Ukraine in 2022, according to a report submitted to the UN Security Council. The report also claims that Russian armed forces and affiliated groups injured 518 children, launched 480 … Continue reading Russian military used children as human shields, resulting in 136 deaths – UN
Another woman has joined a civil claim against social media influencer Andrew Tate, making it the fourth case of alleged sexual assault. The 30-year-old woman accuses Tate of choking her until she passed out during a sexual encounter. This incident … Continue reading Fourth British woman accuses Andrew Tate of s*xual violence
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $500 million investment in BUA Cement Plc, marking the largest-ever investment in northern Nigeria. The funding will assist BUA Cement in the development of two … Continue reading BUA cement secures $500 million facility from IFC and AfDB to establish new cement plants in Sokoto
A syndicate composed of Citibank, Standard Chartered Bank, Stanbic Bank, and RMB Holdings Ltd has provided the Kenyan government with $500 million in response to its request for $600 million. The loan was confirmed by Haron Sirma, the director-in-charge of … Continue reading Kenya secures $500 million loan from global banks
The Socio-Economic Rights and Accountability Project (SERAP) has urged World Bank President, David Malpass, to suspend the disbursement of an $800 million loan to the Federal Government of Nigeria. SERAP has also called for a reopening of discussions on the … Continue reading SERAP calls on World Bank to halt $800 million loan disbursement to Nigerian government
The police in Ogun State have arrested a 33-year-old mother, Olaide Adekunle, who allegedly sold her 18-month-old baby for N600,000 to pay off a loan she obtained from a microfinance bank. The shocking incident has raised concerns about child trafficking … Continue reading Mother arrested in Ogun state for allegedly selling her 18-month-old child for N600,000 to repay loan
Hon. Victor Chukwu, the Majority Leader of the Ebonyi State House of Assembly, has vehemently denied the false and misleading rumors of Governor David Umahi seeking a N33 billion loan approval. He labeled the rumors as the handiwork of desperate … Continue reading Ebonyi State Assembly denies Governor Umahi’s request for N33 billion loan approval
Loan apps on the Play Store are set to lose access to users’ contacts and photos starting from May 31, 2023, as part of Google’s latest policy update. The Nigerian Federal Government has announced its intention to enforce this policy, … Continue reading Federal Government prohibits online loan apps from accessing customers’ photos and contacts
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