News

FG Resumes Payment Of Arrears To N-Power Beneficiaries

Published

2 years ago

December 22, 2023

Editor

The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has said that the Federal Government has resumed the payment of arrears to beneficiaries of the N-Power programme.

N-Power is a scheme set up in 2016 by the former President of Nigeria, Muhammadu Buhari, to address the issues of youth unemployment and help increase social development.

The beneficiaries were being owed some months’ salaries by the former President Muhammadu Buhari administration but paused by President Bola Tinubu on assumption of office.

However, the minister clarified that the Federal Government wants to resolve the lapses in the scheme before resuming it.

Edu, who noted that the payment of arrears to beneficiaries of the programme began yesterday, disclosed this on Channels Television’s Politics Today on Thursday.

Edu said, “Presently, a payment for N-Power is ongoing; we were in the office yesterday up until the early hours of this morning, just to ensure that young people get monies that they have been owed from the last government.

“So, N-Power beneficiaries across the nation, I am sure you can attest to the fact that you are seeing your money in your accounts and this process will continue until the last person who indeed has served is being paid.

“And of course, all of this is being restructured to ensure that we reduce unemployment and create jobs for Nigerians.”

“The Renewed Hope N-Power has not been relaunched yet. We are still trying to deal with the baggage from the previous years. So, these are persons who were owed money for a few months.

“We used to have a consultant who used to manage the payments of these monies to the N-Power beneficiaries. However, the monies were being held up with the consultants for months without paying the beneficiaries.

“So, what the government did was to recover the money back into the government’s TSA CBN account and now started scrutiny of the beneficiaries which took us this while to do and that is why we appeal to the young people to be patient,” the minister said.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour 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

2 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

4 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.