News

Governor Mbah Flags Off Construction Of New Enugu City

Published

3 years ago

October 15, 2023

Editor

Governor of Enugu State, Dr. Peter Mbah, has flagged off the construction of 17km road, feeder roads, and other infrastructure, which he said marked the beginning of the construction of the New Enugu City in keeping with his campaign promise to make the state the premier destination for investment, business, living, and tourism.

The New Enugu City sits on 10,000 hectres of land, off Enugu-Abakaliki Road and traverses Enugu East, Enugu North, Enugu South, and Nkanu West LGAs.

At the ceremony, Governor Mbah said the first phase of the project, which covers 26 square kilometres, would be delivered in 24 months in line with the administration’s determination to restore Enugu’s lost glory and reposition it as one of the top three states in Nigeria.

Mbah explained that the New City, which was awarded to China Communication Construction Company, CCCC, would rub shoulders with any great city in the world.

He called on the people of the state and the host communities to work with the government and contractors to deliver what would make Enugu State proud and the cynosure of all eyes.

“We have conceived a city that we believe marks the beginning of our journey to the position and consequential roles we want to play in the affairs of this continent.

“We are going to start with the first phase of about 26km2. This will warehouse three Islands, namely the Happy Island, the Vitality Bay, and the Innovation Park. All of these islands are designed with first class city features in mind.

“All the things that we experience when we travel to Dubai, Singapore, and other major cities in the world, is what we are about to bring to you here in Enugu State because we believe you deserve nothing but the best.

“And this is obviously pursuant to the pledge we have made to Ndi Enugu to grow the economy from its current level of $4.4bn to $30bn in the next four to eight years.

“This is going to create a veritable platform because in this city, we are going to have a dedicated power project, a dedicated power plant, we are going to have a central sewage system, we are going to have all the central public utilities centralised, and it is going to be provided by the government.

“We are going to have access to high-speed internet in this New City, there is hardly anything you find in any modern smart city that you won’t find in this city”, he said.

In his remark, the Deputy Managing Director of China Communication Construction Company, Henry Li, pledged the commitment of the firm to deliver a world-class project within the stipulated time.

Also speaking, the Chairman of Enugu East, Livinus Anike and leaders of the host communities, including Engr. Emeka Nnam, pledged the support and cooperation of the host communities towards the speedy realisation of the massive project.

They also commended the Governor for what they described as the creativity he has brought to bear in the governance of the state.

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.