18 March 2025
03:05

TOSCAD NEWS NIGERIA

News as it breaks

Tag: #loan

BusinessFeaturedGeneral NewsNewsToscadGists

NNPCL To Pay Royalties, Taxes From $3.3bn Afrexim Loan

Wendy R.

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 Corporate Communications Officer, Olufemi Soneye, on Sunday night. On August 17, 2023, The PUNCH reported that the NNPCL announced that it had secured a $3.3bn emergency crude oil repayment loan from the African Export-Import Bank. It explained that the loan would be used by the oil company to support the…

1 0 Views

EducationFeaturedGeneral NewsNewsToscadGists

Student Loan: FG Insists On January Takeoff Date

Wendy R.

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 PUNCH reports that the Federal Government earmarked N50bn in the 2024 budget for the implementation of its student loan scheme. This was contained in the details of the 2024 budget appropriation. In response to questions regarding the status of the student loan programme set to begin in January 2024, he…

1 0 Views