News

FG Confirms N1.14bn Donation To Niger Republic To Procure Vehicles

Published

4 years ago

August 3, 2022

Amidst speculations of a N1.14 billion donation to the Republic of Niger to aid in the acquisition of some operational vehicles, the Federal government on Wednesday justified the approval.

Minister of Finance, Budget and National Planning, Zainab Ahmed confirmed the purchase while fielding questions from reporters, shortly after the Federal Executive Council (FEC) meeting presided over by the President, Muhammadu Buhari.

Following the outrage generated by the approval exposed by a popular social media influencer, David Hundeyin, on Wednesday, the minister argued that even though Nigerians have the right to question the rationale for such donation, President Muhammadu Buhari, who approved the purchase, also has the right to make his own assessment on situations and act accordingly.

The document released by the media influencer showed that the president approved the release of the fund on the 22nd of February this year.

The contract to supply the 10 units of Toyota Land Cruisers was awarded to IFO Kaura Motors Nig. Limited.

But justifying the funds, Zanaib noted that the President reserved the right to take decisions in the interest of Nigeria, insisting that “this was not the first time the country is providing such interventions to her neighbours.

“Let me just say that over time, Nigeria has had to support her neighbours, especially, the immediate neighbours to enhance their capacity to secure their countries as it relates to us. This is not the first time that Nigeria had assisted the Niger Republic, Cameroon, or Chad.

“The President makes an assessment as to what is required based on the request of their Presidents. Such requests are approved and interventions are provided.

“It is to enhance their capacity to protect their countries, as it relates to security and also to Nigeria.”

She added that “Nigerians have the right to ask questions, but also the President has the responsibility to make an assessment of what is in the best interest of the country and I cannot question the decision myself.

“I have said this is not the first time and that Nigeria as a country has provided intervention to our neighbours. It is in the best interest of Nigeria to do so.”

Reports had emerged that the President approved about 10 Toyota Land Cruiser vehicles to the Republic of Niger but did not, however, specify the purpose for such approval.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

54 minutes 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

1 hour 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

3 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.