News
Jonathan Warns Bayelsa Youths Against Hostilities
Former President, Goodluck Jonathan, has urged youths in Bayelsa State communities to shun hostile activities that will scare away investors, if the state must be develop.
Jonathan advised them to always work in collaboration with the traditional institutions of their various communities, rather than become obstacles to the develop brought to them by investors.
He made the plea during the groundbreaking ceremony of the ERASKON Integrated manufacturing complex and lubricant product launch, in Gbarain Community of Yenagoa Local Government Area of the state.
Jonathan, who commended the State Governor, Senator Douye Diri, for creating the enabling environment for investors to invest massively in the state, said, “I remember when we first started, this part of Bayelsa was the rural part of the whole Rivers State, and see what we have today, for the state to grow we need to attract investors”
“The short time I was governor, I spoke with a lot of Nigerian investors to come invest in the state, and even offer some inducement to them if they can come and invest in the state, because the only way you can create jobs for citizens of the state is to industrialise. They all refused after given reasons on how they won’t get their returns.
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“I knew that one day, they will come and invest to open up the state, and that is what we are witnessing today. Diri is a lucky person.
“And also Engr. Wabote, thank you. I am pleased with what is happening today.”
In his remark, the Executive Secretary, Nigerian Content Development and Monitoring Board,
Engr. SIMBI WABOTE, stated that the groundbreaking was another very important milestone in the push of NCDMB to deepen local content and reduce importation of products we could produce locally.
He emphasised that Nigeria currently consumes about 250million liters of engine oils per annum and this consumption grows at more than 5% every year due to the addition of new vehicles and machineries.
“The in-country blending capacity has remained constant at about 150 million liters showing a shortage of about 100million liters. This shortfall is met by importation of finished lube oil products with the attendant loss of revenue and job opportunities.”
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.
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“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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