Business

Fitch raises transparency concerns over Nigeria’s TRS deals

  • 15th September 2026

FG allots N748.64bn at September bond auction as

  • 15th September 2026

Dangote backs daughters to take over business empire

  • 15th September 2026

UBA named approved channel for Dangote Refinery IPO

  • 15th September 2026

Contact Info

Some Populer Post

Musk urges cross-testing of AI models over safety concerns

Tech

Fitch raises transparency concerns over Nigeria’s TRS deals

Business

Inflation rate eased to 15.39% in August — NBS

Economy

FG allots N748.64bn at September bond auction as demand

Business

Tag: NELFUND

featured Opinion

Experts urge FG to fix NELFUND loan recovery gaps

The Federal Government has been urged to urgently reinforce the repayment structure of the Nigeria Education Loan Fund, NELFUND, as concerns mount that recovery of the N355.87 billion already disbursed could prove difficult once repayments commence. According to Vanguard, this warning was contained in a policy brief released on Monday by the iRead To Live […]

featured Finance

Student loan: How to apply for NELFUND

To apply for the Nigerian Education Loan Fund (student loan), applicants should visit the NELFUND portal, click “Apply Now,” verify their JAMB and NIN details, complete their profile with their BVN and school matriculation number, and submit their request for institutional fees or upkeep loans. Under registration and verification, applicants should open the Nigerian Education […]

Finance

NELFUND caps loan repayment at 10% of graduates’ monthly income

Repayment of loans obtained from the Nigerian Education Loan Fund has been capped at 10 per cent of a beneficiary’s gross monthly income, with the arrangement designed to ensure that graduates do not face excessive financial pressure while repaying their education loans. The provision is contained in the Students Loans (Access to Higher Education) Act, […]

Finance

NELFUND begins payment of June, July student allowances

The Nigerian Education Loan Fund has commenced the payment of June and July upkeep allowances to student beneficiaries across the country. The development was confirmed by the National Association of Nigerian Students, while several beneficiaries also shared screenshots on X showing successful payment alerts. In a statement released on Friday, NANS National President, Akinteye Babatunde, […]

Finance

NELFUND disburses ₦188.1m to three federal institutions

The Nigerian Education Loan Fund has disbursed a combined N188.1 million to three federal institutions for the 2025/2026 academic session. NELFUND announced the disbursements in separate posts on its verified X account on Wednesday, with all three schools confirming receipt of the funds. The fresh disbursements covered the Federal University of Environment and Technology in […]

featured Finance

NELFUND to end direct tuition payment, begin digital token system

The Nigerian Education Loan Fund has revealed plans to replace its current system of paying tuition fees directly to tertiary institutions with a digital token-based payment system. The move is aimed at eliminating double payments and improving transparency in the disbursement process. The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this during an interview on […]

NELFUND to launch vocational loan scheme in Enugu by July
featured Finance

NELFUND disburses ₦206.29bn loans to 1.16m students

The Nigerian Education Loan Fund has disbursed a total of ₦206.29 billion in student loans to 1,164,222 beneficiaries since the scheme’s launch. This figure was contained in the fund’s Daily Status Report released as of March 9, 2026. Since the application portal opened on May 24, 2024, a total of 1,734,985 students have applied for […]

NELFUND to launch vocational loan scheme in Enugu by July
Finance

NELFUND extends student loan portal amid application surge

The Nigerian Education Loan Fund has announced an extension of its Student Loan Application Portal. This follows a surge in applications resulting from the organisation’s nationwide sensitisation campaign. The extension was granted just days after NELFUND had reminded students that the portal would close on February 27, 2026. Strong appeals from students, institutions, and other […]

NELFUND to launch vocational loan scheme in Enugu by July
Finance

NELFUND extends 2025/2026 student loan deadline to February 27

The Nigerian Education Loan Fund has extended the application deadline for the 2025/2026 academic session to February 27, 2026. The original deadline was January 31, 2026. The extension gives prospective applicants additional time to complete and submit their applications. In a statement released on Thursday in Abuja, NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, explained […]

NELFUND to launch vocational loan scheme in Enugu by July
featured Finance

NELFUND disburses ₦1.326bn to 6,308 UNILAG students

The Nigerian Education Loan Fund has disbursed N1,326,550,000 to the University of Lagos for the 2025/2026 academic session. The funds cover 6,308 eligible UNILAG students who have fulfilled all requirements under the NELFUND student loan programme. Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, stated that the funds were successfully disbursed to the institution […]

NELFUND to launch vocational loan scheme in Enugu by July
News

NELFund urges Ekiti parents to seize student loan opportunity

The Managing Director of the Nigerian Education Loan Fund, Mr. Akintunde Sawyerr, has taken the sensitisation campaign on the student loan to Ekiti State, charging parents to encourage their children to take full advantage of the opportunity to acquire tertiary education. In a statement made available to newsmen in Abuja on Friday by Omojola Seun-Ojerinde […]

NELFUND to launch vocational loan scheme in Enugu by July
News

NELFUND receives one million applications for student loan scheme

The Nigerian Education Loan Fund has recorded a major breakthrough, announcing that over one million applications had been received on its students loan portal since its official launch on May 24, 2024. This milestone, according to a statement by NELFUND’s Director, Strategic Communications, Mrs. Oseyemi Oluwatuyi, yesterday, “marks a significant step in President Bola Ahmed […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in