News

‘Brutal Assault On Nigerians,’ PDP Demands Reversal Of Petrol Price Hike

Published

2 years ago

September 4, 2024

Editor

The Peoples Democratic Party (PDP) has asked the Federal Government to reverse the latest hike in the petrol pump price, describing it as a brutal assault on the sensibility of Nigerians.

PDP in a statement on Wednesday by its National Publicity Secretary, Debo Ologunagba, said the increase in petrol price “without due regard to the wellbeing of the people is akin to pushing Nigerians to the wall and daring them to do their worse.”

According to the statement, the increase, especially at this time, “is a huge recipe for crisis as Nigerians cannot bear its worsening effect on the suffocating economic hardship which they currently face under the President Bola Ahmed Tinubu-led APC administration.”

Ologunagba claimed that under the Tinubu administration, 150 million Nigerians have sunk below the poverty line.

He stated that businesses are collapsing daily with an over 34 percent inflation rate, saying there is an over 40 per cent unemployment rate.

“The thoughtless increase in fuel price, especially at this time, is a huge recipe for crisis, as Nigerians cannot bear its worsening effect on the suffocating economic hardship which they currently face under the President Bola Ahmed Tinubu-led APC administration,” the statement reads.

“The APC administration has consistently shown itself to be anti-people, unconcerned, and deaf to the agonies of millions of Nigerians who can no longer afford their daily meals, medications, and basic support for families due to the catastrophic high cost of living occasioned by the insensitive and reckless policies of the Tinubu administration.”

“There is practically no hope in sight under the current APC government policies as major multinational companies continue to exit our country in droves in the face of ill-conceived and ill-implemented macro-economic policies,” he said.

“With the hopeless state of affairs of our nation today, our Party wonders what President Tinubu, during his numerous trips abroad, says to his foreign counterparts in nations where leaders prioritize the welfare of their people.

“Nigerians will recall that the PDP had on several occasions offered constructive advice and suggestions on the management of the economy, which the APC government, in its arrogance in failure ignored.

“The PDP calls on President Tinubu to save the country from further socio-economic dislocation by immediately reversing the latest provocative increase in fuel price and revisit all life-discounting and suffocating policies of the APC government.”

He said with “deft, transparent, and innovative management of resources, economic potential, comparative advantage, and national refining capacity, petrol should not sell more than N250 per litre in the country,” Ologunagba added.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 hours ago

May 6, 2026

Editor

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.

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

Published

3 hours ago

May 6, 2026

Editor

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.

“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

Published

5 hours ago

May 6, 2026

Editor

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.

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).

“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.