News

FG Orders Massive Distribution Of Petrol To Marketers

Published

3 years ago

February 10, 2023

Editor

Mr Timipre Sylva, Minister of State for Petroleum Resources, says Federal Government has taken bold actions to stop the ongoing petrol crises across the country, while assuring massive distribution of the product.

Sylva gave the assurance after his tour of some selected petroleum dispensing outlets in Lagos on Friday

He said that he came on the directive of President Muhammadu Buhari, to assess the situation of things with regard to distribution and adherence to price regulation.

The minister said that an inter-ministerial intervention, initiated by government, has set out to ensure proper management of petrol distribution across the country.

He reassured that with the current steps, all hiccups leading to the current situation was been addressed.

According to him, the situation is pleasant because he observed availability of products in the state.

“Fuel is everywhere, both in Lagos and Abuja.

“I visited many stations in Ikeja and on the mainland. From every indications, there are products everywhere and I want to assure you that the queues will disappear in a matter of days”, he said.

The minister said the situation, witnessed in Lagos, had been achieved in 15 states across the country, adding that the President had ordered that queues must be cleared, immediately.

On arbitrary price hike by some marketers, he said that he had directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to upscale its regulatory activities and ensure marketers abide by current price regime.

He said that the Nigerian National Petroleum Company Ltd., (NNPCL), retail outlets were selling at N184 per liter and over 900 outlets operated by the company were selling at same price.

“And that is the official price everybody is expected to sell, but l admitted there are sharp practices still ongoing.”

Explaining how the situation degenerated into the crises point, Sylva said that government did not see it coming.

According to him, sabotage plays a key role in the sector as those who do not mean well for the country take advantage of the upcoming elections, to create panic by engaging in market disruptions.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

47 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.