Nigeria’s Federal Government has launched a new interest-free loan initiative for university and tertiary institution staff under the Tertiary Institution Staff Loan Scheme Fund (TISSF), designed to ease financial burdens and promote productivity. The Minister of Education, Dr. Tahir Mamman Alausa, speaking in Akure on Wednesday, said the programme will provide loans of up to…
Nigeria’s Federal Government has announced an unconditional grant of ₦250,000 for each outstanding small business showcasing at the Expanded National MSME Clinic in Katsina. Vice-President Kashim Shettima revealed the decision on Tuesday, stating that President Bola Tinubu approved the financial support to strengthen small businesses and accelerate local economic growth. “This grant is not a…
Benue State authorities have launched a housing development in Makurdi designed to bring down rental costs and provide more affordable homes for residents. Governor Hyacinth Alia, represented by Deputy Governor Dr Sam Ode, on Wednesday flagged off the construction of Eco City, a 32-unit housing estate. The initiative is a key element of the state…
Professor Uche Uwaleke, a leading capital market expert, has called for the creation of a National Compensation Fund to provide relief to victims of Ponzi frauds, warning that the schemes pose a growing threat to citizens’ financial security. Speaking at a virtual workshop on Sunday, Uwaleke, who also serves as President of the Capital Market…
Nigeria’s powerful university lecturers’ union has rejected a new Federal Government loan scheme for tertiary institution staff, warning that it risks worsening rather than solving the sector’s problems. The Academic Staff Union of Universities (ASUU), Calabar Zone, said on Monday that the Tertiary Institutions Staff Support Loan Scheme was “a poisoned chalice” that failed to…
A Nigerian travel agent has been charged with fraud and forgery after allegedly deceiving a client with a promise of U.S. visas. Segun Ayobami, 39, was arraigned before the Iyaganku Magistrates’ Court in Ibadan on Wednesday. Prosecutors claim Ayobami collected ₦6.4 million from Sorinola Abimbola in December 2024, on the pretence that he could secure…
Alhaji Idi Farouk, former Director-General of Nigeria’s National Orientation Agency (NOA), has applauded the Federal Government’s education loan initiative as a major milestone in improving access to higher education, while also calling for a shake-up in President Bola Tinubu’s cabinet. In an interview with the News Agency of Nigeria (NAN) on Sunday, Farouk praised the…
The Nigerian Federal Government has introduced a comprehensive Proof of Address (POA) scheme across all 774 local government areas, as part of a broader plan to tackle insecurity, improve public administration, and expand access to essential services. The launch, held during a high-level sensitisation workshop for stakeholders from northern Nigeria, marks a significant step under…
