News
FG Renews Exploration License Of Oil In Bauchi – Minister
The Federal Government has disclosed that it has renewed its licence for the exploration of oil in the Kolmani area of Bauchi and Gombe States.
The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, stated this during the official groundbreaking ceremony of the construction of Bauchi Oil and Gas Academy’s permanent site, Alkaleri Local Government Area.
According to him, the federal government was looking forward to drilling more barrels of oil, hence the need for more commitment in drilling in the Bauchi site.
“Today, we are drilling about 100 million barrels and our target is to drill 2.5 million barrels before the year ends.
READ ALSO:Why Nigeria Will Continue To Produce Fossil Fuels – Lokpobiri
“What we want to see is to ensure that the Kolmani region also contributes to our own barrels and that is why we are totally in support of what you are doing here today.
“When I became minister, my attention was drawn to the fact that the oil licence for the Kolmani had expired and so the company couldn’t do anything.
“I consulted Mr President and he gave an immediate order for me to renew all the licenses for the Kolmani project,” he said.
While commenting on the oil and gas academy, the Minister said that the establishment of the academy was timely.
READ ALSO: Petroleum Minister, Lokpobiri, Reveals When Fuel Will Be Available
Lokpobiri expressed confidence adding that the institution would be significant in shaping the future of the Nigeria energy industry.
Earlier speaking, Gov. Bala Mohammed of Bauchi state acknowledged the support of the federal government in developing oil and gas manpower in the state.
While appreciating former president Muhammadu Buhari for the discovery and flagging exploration of oil and gas in Bauchi, Mohammed noted the commitment of the administration of President Bola Tinubu.
“This school we are building today, we have gotten a lot of support from the NATAL resources account of the federal government where the last administration approved N17 billion for us.
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“It is out of it that we are using N6 billion to build this school and the contributions of the federal government in the project is enormous.
“The academy has been provided with befitting offices, classrooms, and accommodations equipped with basic furniture and equipment.
“Also as part of efforts to develop its ICT, the institution has been provided with an online management system and ICT center equipped with one hundred sets of computers to facilitate effective e-learning services,” he said.
Mohammed also said that the institution had been provided with an 18 seater bus among other needed equipment.
He explained that the institution is also established to provide the youth with vocational skills training for self-reliance.
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.
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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.
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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).
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“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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