News

Insecurity: EU Delivers 30 Boats, Forensic Equipment To Nigeria Others

Published

4 years ago

April 4, 2022

Editor

The European Union is to deliver an array of security hardware including 30 rigid-hull inflatable boats and forensic equipment to the Economic Community of West African States to tackle maritime crime and other security challenges in West Africa.

The issue of piracy has become a big issue on the Gulf of Guinea and reduced the volume of business from Europe and other continents to the West Africa region.

The boats and other security hardware are expected to be deployed on the West Africa waterways before the end of the year as the arrangements between the EU and ECOWAS are to be concluded at the ongoing high-level maritime security seminar in Abuja.

The seminar convened by ECOWAS, under the framework of the European Union-funded Support to West Africa Integrated Maritime Security (SWAIMS) project, had in attendance representatives from all member countries of the regional body.

The equipment, estimated at €5 million, is expected to help security agencies in Nigeria and 11 other coastal ECOWAS states in combating crime and criminality.

The other beneficiaries include Benin, Cabo Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea-Bissau, Guinea-Conakry, Liberia, Sierra Leone, Senegal and Togo.

The Head of ECOWAS’ Regional Security Division, Col Abdourahmane Dieng, noted that maritime insecurity has long been one of the most persistent and intractable threats to maritime communities and economic prosperity in West Africa.

According to him, turning the tide against maritime insecurity is a collaborative effort that no single country or region can tackle alone.

He said, “For this reason, ECOWAS, in conjunction with the Economic Community of Central African States formulated the Yaoundé Code of Conduct as a foundation for broad-based regional maritime security along the entire Gulf of Guinea.

“Cognisant of this problem and its ramifications well beyond West Africa, ECOWAS launched its Integrated Maritime Strategy in 2014 with parameters for the development of the blue economy premised upon a coherent security framework.”

The EU Senior Coordinator for the Gulf of Guinea, Amb Nicolas Martinez, said the EU is a committed partner to the Gulf of Guinea region and would continue to provide extensive and targeted assistance to strengthen the critical features of the Yaoundé security architecture while cementing the long-standing relationship between ECOWAS and the EU.

The SWAIMS Team Leader, Dr Axel Klein, explained that the boats and forensic equipment will be supplied by Portugal’s Camões working closely with the Portuguese Navy, which would also provide related training and maintenance.

“In financial terms, the delivery of RHIBs and forensic equipment worth more than €5 million is the most significant component of the SWAIMS project,” he explained.

Besides Camões, other SWAIMS implementing partners are Institut de sécurité maritime interregional in Côte d’Ivoire, Regional Maritime University in Ghana, ECOWAS’ Inter-Governmental Action Group against Money Laundering in West Africa and the United Nations Office on Drugs and Crime.

The boats and equipment which are expected to significantly enhance the capacity of beneficiary countries to enforce the rule of law in their territorial waters and adjoining exclusive economic zones will be supplied by 2024.

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.