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12 More Institutions Onboarded for Student Loan by NELFUND

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12 More Institutions Onboarded for Student Loan by NELFUND

The Nigerian Education Loan Fund (NELFUND) announced on Wednesday that 12 additional state government-owned tertiary institutions have joined the student loan application pool. This onboarding process followed the successful submission and verification of data from these institutions.

Nasir Ayitogo, Head of Media and Public Relations at NELFUND, confirmed in a statement that the total number of participating state government-owned tertiary institutions has increased from 36 to 48. However, student data from 121 institutions is still outstanding.

NELFUND urged all remaining institutions to submit their student data to the Student Verification Portal promptly to ensure their students can benefit from the loan scheme. They also called on states with successfully uploaded data to inform and encourage their students to apply for the loans, which will provide financial relief to students and generate revenue for the institutions.

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The newly approved state-owned tertiary institutions are:

  1. Abia State Polytechnic
  2. Benue State University, Makurdi
  3. College of Education, Waka-Biu
  4. University of Medical and Applied Sciences, Enugu State
  5. Aliko Dangote University of Science and Technology, Wudil, Kano State
  6. Kwara Polytechnic
  7. Lagos State University of Science and Technology
  8. Ibrahim Badamasi Babangida University, Lapai, Niger State
  9. Olabisi Onabanjo University
  10. Abraham Adesanya Polytechnic
  11. Taraba State Polytechnic
  12. Yobe State University
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Business

Iceland Demands Supermarket Rivals Stop Selling Prawn Rings

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Iceland Demands Supermarket Rivals Stop Selling Prawn Rings

Supermarket chain Iceland has filed a trademark application for its well-known “King Prawn Rings,” urging rival supermarkets to stop selling similar products. Iceland, headquartered in Flintshire, claims it has faced increasing imitation since introducing its prawn rings in 1991.

In a bold open letter shared on social media platform X (formerly Twitter), Iceland called out major competitors Aldi, Tesco, Lidl, and Asda, accusing them of selling “copy crustaceans.” The letter cheekily asserted, “The King Prawn Ring is ours, and we won’t be letting you off the hook.”

Lidl humorously responded, “Here was us thinking it was a classic 1970s party dish.”

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Iceland’s letter, signed by “Iceland Foods,” warned other retailers to cease selling prawn rings, especially ahead of Christmas. The chain emphasized its intent to pursue legal action if competitors don’t comply, declaring, “Our lawyers are more than ready to dive into legal waters.”

The prawn ring battle has sparked social media buzz, with consumers eagerly watching how rival supermarkets will respond to Iceland’s trademark claim.

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Boeing Workers Reject Latest Pay Offer Despite 30% Rise, Union Says

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Boeing Workers Reject Latest Pay Offer Despite 30% Rise, Union Says

The union representing striking Boeing workers has stated that its members are not interested in the company’s latest pay proposal, which includes a 30% raise over four years. According to the International Association of Machinists and Aerospace Workers (IAM), a survey revealed overwhelming dissatisfaction with the offer, labeling it as “inadequate.”

This rejection follows Boeing’s new “best and final” offer, which also included a performance bonus reinstatement, improved retirement benefits, and a one-time $6,000 signing bonus. The company set a deadline for the deal to be ratified by union members by midnight on September 27.

However, IAM criticized Boeing for sending the offer directly to workers and the media without consulting union leaders and stated that the time frame was insufficient to organize a proper vote. Boeing has denied the union’s claims and said it would allow more time and provide support to facilitate the vote.

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China Unveils Bold Measures to Revive Economy Amid Growth Concerns

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China Unveils Bold Measures to Revive Economy Amid Growth Concerns

China’s central bank, the People’s Bank of China (PBOC), has launched a significant package of measures aimed at revitalizing its struggling economy. PBOC Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to expand lending to stimulate economic activity.

With recent economic data raising concerns that China may miss its 5% growth target this year, the central bank will cut the reserve requirement ratio (RRR)—the amount of cash banks must hold in reserve—by half a percentage point, releasing around 1 trillion yuan ($142 billion) into the economy. Additional cuts may follow later in the year.

The package also addresses China’s property market crisis by cutting interest rates for existing mortgages and reducing minimum down payments for all homes to 15%.

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Asian stock markets responded positively to the news, seeing a boost after Mr. Pan’s announcement, which came during a rare joint press conference with officials from two other financial regulators.

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