News as it breaks
President Bola Tinubu has formally requested the House of Representatives to approve a new external borrowing plan totaling $2.35 billion, aimed at financing the 2025 budget deficit and refinancing a maturing Eurobond. The request was contained in a letter addressed to Speaker Tajudeen Abbas, which was read aloud during plenary…
In a landmark move to tackle the rising cost of education, Australia’s Parliament has passed a legislation that slashes all student loan debts by 20%, wiping out approximately US$10 billion owed by more than three million current and former students. The sweeping reform, a key election promise by Prime Minister…
The Nigerian National Petroleum Company Limited, on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year. NNPCL disclosed this in a document titled, ‘Frequently Asked Questions – Project Gazelle’, released by its Chief…
The Minister of State for Education, Dr. Yusuf Tanko Sununu, has said that the Student Loan Scheme that was approved by President Bola Tinubu in June is on track to commence in January 2024. Sununu reiterated the Federal Government’s commitment during an appearance on Arise TV on Thursday morning. The…
He In a bid to ensure that every one including the less privileged in the society, The federal Government had in the past introduced different student’s loan scheme to to ensure that Nigerians including the less privileged have access to higher education, but the schemes are now defunct
On the post-election cases before the tribunal in Abuja, the SMBLF urged the judiciary to be transparent in determining all petitions brought before it.
