News
Air Chief Approves Accident Insurance For Personnel
The Chief of the Air Staff, Air Marshal Hasan Abubakar, has approved the implementation of a ‘Group Personal Accident Insurance Policy’ for all Nigerian Air Force personnel.
While the Ministry of Defence has a Group Life Assurance Policy for military personnel, the Director of Public Relations and Information for the Nigerian Air Force, Air Vice Marshal Edward Gabkwet, explained that the policy covers only the families of personnel killed in action and doesn’t address medical expenses resulting from accidents.
Gabkwet noted that the new policy aligns with the Air Chief’s command philosophy, aiming to sustain a highly motivated force through improved welfare and infrastructure renewal.
The statement partly read, “While several insurance policies administered by the Ministry of Defence and the NAF Investment Limited cover all NAF personnel, they do not, however, adequately address some hazards and challenges encountered in the course of the careers of personnel.
READ ALSO: Aiyedatiwa Suspends Caretaker Chairmen In Ondo
“The need to review and implement a specialised insurance scheme designed to address these hazards and unique challenges thus became imperative.”
He quoted Abubakar as stating that under the GPAIP, personnel of the NAF would be incentivised to give their utmost best with the assurance of adequate care in the event of disability or death during military operations or any form of accident.
Gabkwet stated that the insurance company would provide compensation for bodily injuries, death, disablement, and payment of medical expenses.
He added, “The execution of military operations exposes personnel to diverse levels of hazards with life-altering consequences of fatalities, hence, the need to continuously review existing policies to cater for personnel well-being.
READ ALSO: Igbo Behind Major Investments In Nigeria, Says Speaker
“The contract with KBC Insurance Brokers Limited aims to provide compensation for bodily injuries, death, disablement, and payment of medical expenses solely and directly caused by accidentals, external, violent, and visible means to any of the insured personnel.
“Furthermore, the scheme will provide compensation to the families of personnel who accidentally lost their lives during operations as well as salary reimbursement of the injured personnel to the NAF in the event of hospitalization.”
Gabkwet said the new policy would benefit families of personnel killed in action as well as cover medical bills in the case of accidents or permanent disabilities.
“The GPAIP is all-encompassing, benefiting personnel and families in the event of death as well as covering medical bills, compensation for temporal or permanent disability and death, among others,” he added.
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma
La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti
Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti
“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
-
Politics4 days ago2027: Tinubu’s Re-election May Put An End To Nigeria — Baba Ahmed Warns
-
Politics5 days agoBREAKING: 2027: Former Adamawa APC Guber Candidate, Aishatu Binani Defects To NDC
-
Business4 days agoJUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike
-
Entertainment5 days agoActress Eniola Badmus Gets New Federal Appointment
-
News2 days agoBREAKING: Wike Picks Alabo George For Rivers Governorship
-
News4 days ago2027: Pastor Adeboye Speaks On Nigeria’s Next President
-
Politics4 days agoNDC Speaks On Peter Obi, Kwankwaso Joining Party
-
News3 days agoOPINION: Why South Africans Murder Nigerians In Cold Blood
-
Politics5 days ago2027: Pondi, Otuaro, Other Delta South Stakeholders, Endorse Senator Joel-Onowakpo For Second Term
-
Politics2 days agoJUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up
