News

Controversy Surrounds Sylva’s Alleged Resignation

Published

3 years ago

March 31, 2023

Editor

There were claims, on Thursday, that the Minister of State for Petroleum Resources, Chief Timipre, had resigned his position as minister to pursue his ambition as governor of Bayelsa State, but senior officials of his ministry could not confirm this.

Although they admitted that it the rule of the All Progressives Congress required the minister to have resigned in about 30 days before the April 14, 2023 governorship primary, the officials refused to confirm if Sylva had resigned.

“I have not seen his resignation letter and cannot confirm to you if he has resigned. But you know the rule of the party is that one must have resigned for at least 30 days before the primaries.

“So if he has sent his resignation letter to the President, I cannot confirm, but the fact remains that he is for the office of the governor of Bayelsa State,” an impeccable source at the Federal Ministry of Petroleum Resources, who requested not to be named due to lack of authorisation, stated.

Sylva had served as Governor of Bayelsa in the past, for one full term between 2008 and 2012. At the time, he was a member of the People’s Democratic Party.

The PDP, which is now an opposition party, was at the time of Sylva’s reign as governor, the party running the Federal Government.

It was recently reported that some APC members in Bayelsa State had called on the national leadership of the party to disqualify Sylva from contesting the governorship primaries of the party over his refusal to resign his position as a minister.

The report stated that party members from 43 Wards in Ekeremor, Ogbia, Sagbama, Kolokuma/Opokuma and Southern Ijaw Local Government Areas of the state, in a petition to the party national leadership, pointed out that as at the time the minister was screened, he had not resigned.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

5 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

5 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

7 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.