News
Disputed Oil Well: Edo Moves To Correct Alleged Abnormality By Oil Firms
The Edo State government has initiated a process to correct the alleged ceding of some oil wells at Orogho community in Orhionmwon Local Government Area of the state to its neighboring Delta State.
The state deputy governor, Hon. Dennis Idahosa on Friday led a delegation to the community to seek an amicable resolution to the controversy surrounding the alleged ceding of the oil wells being operated by Seplat Energy PLC.
In a statement by the Chief Press Secretary to the deputy governor, Mr Friday Aghedo, Idahosa met with odionwere of the community, Pa Odiase Omorogieva, and community and youth leaders of Orogho community as part of the process to peacefully resolving the issue.
He commended them for their peaceful disposition since the ceding of their “natural wealth” to another state.
READ ALSO: Gov Okpebholo Sends Message Of Hope Ahead Of Edo Tribunal Judgment
The deputy governor said that his visit was to douse tension and allay the fear of the people of loosing their God-given mineral resources to another state, while the community where oil exploration and production takes place is faced with under development.
Idahosa assured that the present administration would explore all avenues and liaise with relevant agencies of government to ensure that the benefits from the assets in Edo State were restored to boost socio-economic development.
The deputy governor who inspected the disputed oil wells in the company of
the General Manager, Government Relations, Seplat Energy, Mrs Adiza Gambati, appealed to the people not to take law into their hands as the matter would be given the needed attention.
The community youth leader, Mr Charles Eghaghe, expressed satisfaction over the prompt response by the state government to find an amicable resolution to the injustice melted to Orogho community.
READ ALSO: Eid-el-Fitr: Edo Deputy Governor, Idahosa, Charges Muslims On Peaceful Coexistence
He narrated that since 1993 when Shell Petroleum Development Company (SPDC) began operation in the disputed oil wells, royalties were paid to Edo State Government in addition to corporate social responsibility.
He, however, noted that things changed when Seplat Energy PLC took over the operations of the oil wells.
Eghaghe appealed to the government to urgently wade into the matter and return the disputed oil wells to the state, as most youths of Orogho who were graduates had no jobs, being an oil producing community.
Idahosa was accompanied on the fact- finding visit by the Special Adviser on Oil and Gas to the governor, Mr. Felix Isere, and Hon. Pius Alile, deputy Chief of Staff, Office of the deputy governor.
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.
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