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TINUBU APPROVES PAYMENT OF N3.3TN POWER SECTOR DEBTS

As part of measures to address the epileptic power supply ravaging the country, President Bola Tinubu has approved the gradual payments of power sector debts estimated at over N3.3tn. Consequently, about N1.3tn owed power generating companies by the Federal Government will be paid via cash injections and promissory notes, while about $1.3bn (N1.994tn using the…

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FG OPENS STUDENT LOAN APPLICATION PORTAL MAY 24

The Federal Government, through the Nigerian Education Loan Fund, on Thursday, announced May 24, 2024, as the official date for the opening of the portal for student loan applications. The announcement was made in a statement by the media lead for the NELFund,  Nasir Ayantogo. Ayantogo, in the statement, said the opening of the application…

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TINUBU APPROVES SINGLE DIGIT INTEREST RATE FOR MEDIA ORGANIZATIONS

President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry BOI, to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated when he received members of the Independent Broadcasting Association of Nigeria IBAN, on…

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