News

First Lady Gifts Police, Military Retirees, Others N950m

Published

2 years ago

December 21, 2023

Editor

No fewer than 250 police, military retirees, and other senior citizens across the country will be supported with a N950m by the wife of the President, Mrs Remi Tinubu.

According to her, each of the beneficiaries will receive N100,000.

Tinubu disclosed this at the maiden edition of the Renewed Hope Initiative Elderly Support Scheme on Thursday in Abuja.

She noted that the scheme is to cushion the effect of the economic situation on senior citizens.

Tinubu said, “This economic empowerment programme is borne out of a steadfast commitment to the well-being of our elderly citizens and it marks a significant stride in our collective pursuit of a more inclusive and compassionate society.

“This scheme is to support 250 vulnerable elderly citizens aged 65 and above in all 36 states of the federation, the Federal Capital Territory and veterans from the Defence and Police Officers’ Wives Association.

“These selected beneficiaries will receive N100,000 each. This is to cushion the effect of the economic situation and to alleviate the burdens of our esteemed elders during this festive period.

“The total sum to be disbursed is N950m as approved by the Governing Board of the Renewed Hope Initiative.”

She noted the 36 states of the federation would be given N25m each to give to beneficiaries.

Tinubu addes, “Each state of the federation will receive the sum of N25m. We are committed to ensuring that each state receives this gesture, without discrimination.

“By reaching out to the elderly this festive period, we not only honour their contributions but also acknowledge the unique encounters they face.”

She urged the senior citizens to support and pray for the president.

Tinubu said, “This period should be a time of joy and comfort for all, even as we hope for a greater Nigeria, in security, education, health, employment, and business opportunities for all. We seek your continued support and prayers for the administration of President Bola Tinubu, as we look forward to better days ahead.”

The Chief of Defence Staff, Gen. Christopher Musa, said the efforts of the First Lady towards the retirees would motivate those still in service.

Represented by the Director, Veteran Affairs, Defence Headquarters, Maj. Gen. Danladi Saliu, noted that history would be kind to the First Lady for her gestures to the military.

Musa said, “I most sincerely appreciate Her Excellency for this gesture towards our retirees. You have demonstrated once again that the welfare of our armed forces both serving and retired and their families are of ultimate priority to you. This noble act is one which you will forever be remembered for.

“And prosperity will judge you fairly for repeatedly bringing renewed hope to the members of the armed forces and their families. This will have a multiplier effect on the morale and efficiency of the serving members of the armed forces. “

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 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

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.