GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

No More Upkeep During Holidays – NELFUND Tells Students

GoldenNewsNG by GoldenNewsNG
September 6, 2025
in Education, Headline, LOAN & INVESTMENT
Reading Time: 1 min read
A modern, eye-catching news-style graphic showing Nigerian university students with laptops and smartphones checking for student loan alerts. Some students are smiling after receiving upkeep disbursement, while others look concerned, waiting. Background: a university campus with books, graduation caps, and Naira currency symbols to represent finance. Bright, bold headline text overlay reads: ‘NELFUND Upkeep Update – September 2025’. Use clean, professional design, bright colors, and clear typography, optimized for Google Discover and social media sharing.”
219
SHARES
Advertisements

The Nigerian Education Loan Fund (NELFUND) has announced that upkeep loan disbursements will now be tied strictly to the academic sessions of institutions.

This was disclosed in a statement on Thursday by the Fund’s Director of Corporate Communications, Oseyemi Oluwatuyi.

READ ALSO

NCDMB to Train 3,700 Nigerian Youths in Digital Skills for Oil and Gas Industry

Black Market Dollar to Naira Exchange Rate Today 29th Sept 2025

“In line with this directive, students shall only be entitled to upkeep loans for their current academic session. Upon the conclusion of an institution’s academic year, upkeep payments for that session shall automatically cease. Consequently, students who transition into a new academic year will no longer receive upkeep disbursements for the preceding session,” the statement read.

According to NELFUND, applicants are now required to apply at the beginning of each academic session to be eligible for both institutional charges and upkeep for that period.

To enhance transparency, the loan portal is being automated to display only the upkeep loans collected by each student within their current session. The Fund also urged tertiary institutions to promptly upload their academic calendars and sessional details to ensure smooth disbursements.

Apart from direct institutional payments, beneficiaries of the scheme currently receive a monthly upkeep allowance of ₦20,000, amounting to ₦240,000 yearly. With the new directive, however, students will only enjoy the ₦20,000 allowance during active academic sessions, while payments will be suspended during holidays.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Next Post

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

Related Posts

NCDMB to Train 3,700 Nigerian Youths in Digital Skills for Oil and Gas Industry

NCDMB Digitalization Initiative

NCDMB to Train 3,700 Nigerian Youths in Digital Skills for Oil and Gas Industry The Nigerian Content Development and Monitoring...

Read moreDetails

Black Market Dollar to Naira Exchange Rate Today 29th Sept 2025

Black Market Dollar to Naira

Detailed report on Black Market Dollar to Naira Exchange Rate Today, Monday, 29th September 2025   GoldenNewsNg reports that the...

Read moreDetails

What the Law Says About Spraying Money in Nigeria – Penalties, Alternatives & CBN Act

Spraying Money in Nigeria

What the Law Says About Spraying Money in Nigeria Spraying money at weddings, birthdays, and other celebrations has become a...

Read moreDetails

World Bank to Approve $750m Loans for Nigeria

World Bank

World Bank to Approve $750m Loans for Nigeria on September 30 The World Bank is set to approve two loans...

Read moreDetails

PENGASSAN Declares Nationwide Strike as Dangote Refinery Sacks Over 800 Nigerian Workers

2024:  Dangote Graduate Trainee Programme

PENGASSAN has Declared Nationwide Strike as Dangote Refinery Sacks Over 800 Nigerian Workers. GoldenNewsNg reports that The Petroleum and Natural...

Read moreDetails

Link For NJFP Unmatched Fellows Revalidation For NJFP 2.0 Enrollment

NJFP Beneficiaries To Get 100k Monthly Stipend And All You Need To Know

Link For NJFP Unmatched Fellows Revalidation For NJFP 2.0 Enrollment The Federal Government has begun the revalidation process for unmatched...

Read moreDetails

Full List of INEC Chairmen in Nigeria From 1998 Till Date

Full List of INEC Chairmen in Nigeria (1998–Present) and Their Achievements

Full List of INEC Chairmen in Nigeria From 1998 Till Date   The Independent National Electoral Commission (INEC) is Nigeria’s...

Read moreDetails

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)

The Federal Government of Nigeria has launched a landmark initiative to provide free Corporate Affairs Commission (CAC) business name registration...

Read moreDetails

FG Flags Off Free CAC Registration for Small Businesses – Apply Now

Free CAC Registration for Small Business

The Federal Government of Nigeria has launched a Free CAC Registration for Small Businesses.   GoldenNewsNg reports that the program...

Read moreDetails

Dollar to Naira Exchange Rate Today 27th Sept 2025

The latest Dollar to Naira Exchange Rate Today 27th Sept 2025 can be accessed below..   GoldenNewsNg reports that the...

Read moreDetails
Load More
Next Post
Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

SEARCH ADS

Latest Posts

NCDMB Digitalization Initiative
Headline

NCDMB to Train 3,700 Nigerian Youths in Digital Skills for Oil and Gas Industry

Black Market Dollar to Naira
business

Black Market Dollar to Naira Exchange Rate Today 29th Sept 2025

Spraying Money in Nigeria
Daily Guides

What the Law Says About Spraying Money in Nigeria – Penalties, Alternatives & CBN Act

World Bank
Headline

World Bank to Approve $750m Loans for Nigeria

2024:  Dangote Graduate Trainee Programme
business

PENGASSAN Declares Nationwide Strike as Dangote Refinery Sacks Over 800 Nigerian Workers

NJFP Beneficiaries To Get 100k Monthly Stipend And All You Need To Know
Headline

Link For NJFP Unmatched Fellows Revalidation For NJFP 2.0 Enrollment

Full List of INEC Chairmen in Nigeria (1998–Present) and Their Achievements
General Information

Full List of INEC Chairmen in Nigeria From 1998 Till Date

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)
business

SMEDAN Opens Free CAC Business Registration for 250,000 Small Enterprises (Direct Link to Apply)

Free CAC Registration for Small Business
business

FG Flags Off Free CAC Registration for Small Businesses – Apply Now

business

Dollar to Naira Exchange Rate Today 27th Sept 2025

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News