Tag: Loan
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NELFUND Faces ₦16bn Monthly Upkeep Bill as Loan Recoveries Remain Zero
By Opeyemi Adelakun The Nigerian Education Loan Fund has disclosed that it is yet to recover any student loans from beneficiaries, despite the scheme’s monthly upkeep obligation rising to about ₦16bn. NELFUND Managing Director, Akintunde Sawyerr, disclosed this on Monday during an interview with ARISE NEWS, saying the Federal Government was considering alternative funding options…
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Loan I Took For Girlfriend Who Dumped Me Almost Destroyed My Life— Content creator, Baami
By Paul Joseph Content creator Samuel Adegbeyi, popularly known as Baami, has recounted how taking an online loan to support his former girlfriend plunged him into a severe financial and emotional crisis. Baami, who spoke about his life, career and relationships, said the experience left him trapped in mounting debt for almost a year and…
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FG Dismisses Reports of $50bn IMF Loan Plan as Economic Pressures Mount
By George Omagbemi Sylvester Nigeria’s Federal Government has dismissed reports suggesting it plans to borrow from the International Monetary Fund (IMF)’s proposed $50 billion support facility, clarifying its current financial position and strategy. April 17, 2026; Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated clearly that Nigeria has no intention at…
