News

Experts Warn Against Use Of Transformer Oil For Cooking

Published

4 years ago

June 21, 2022

Editor

Experts have warned against the use of transformer oil for frying bean cakes also known as ‘akara’ or for cooking domestic meals.

Transformer oils, which contains polychlorinated biphenyls, are described as tasteless, odourless, and fire-resisting insulating liquid with high boiling point and range in consistency from an oil to a waxy solid.

Chemically known as polychlorinated biphenyls, the oil is called transformer oil as it is used for electrical transformers because it is stable at high temperatures and has excellent electrical insulating properties.

The experts spoke in Calabar, the Cross River capital, on Tuesday on the sidelines of a training and capacity building workshop for state counsel, regulatory officers, power operators and custom officers.

The event, which discussed regulations and guidelines for environmentally sound management of PCBs, was organised by the Federal Ministry of Environment and the United Nations Development Programmes.

A facilitator and consultant to the Federal Government, Prof Babajide Alo, who spoke on the danger PCBs poses to the environment and human health, said the workshop was to sensitise stakeholders on the danger of PCBs, adding that PCBs are imported and blocking their importation was a way to control their use and protect the environment as there are alternatives to PCBs.

A project coordinator, Olusanya Olubunmi said, “Although PCBs have a long history of useful applications in many facets of human endeavours, such as in power sector, as a coolant and dielectric fluid in electrical equipment, studies have shown that PCBs portend deleterious effects on the environment and human health, hence the global action on its control.”

Another facilitator, Dr Toyin Adejonwo-Osho also disclosed that its use for cooking causes cancer and birth defects and PCBs oils should not be used as hair sheen.

Farmers were advised not to farm near transformer locations.

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.