News

JUST IN: PDP Chairman Speaks On Plan To Sanction Wike, Others

Published

2 years ago

December 19, 2023

Editor

The acting National Chairman of the Peoples Democratic Party, Umar Damagum, said a former Rivers State Governor and Minister of the Federal Capital Territory, Nyesom Wike, is not above the party.

Damagum who stated this while responding to questions at a press conference in Abuja on Tuesday hinted that the party leadership will sanction Wike and others who were involved in anti-party activities at the right time.

This is coming on the heels of the admonition by some stakeholders within the PDP asking Damagum to sanction Wike and others for alleged anti-party activities during the just-concluded general elections.

Coincidentally, the Minister of FCT has also been blamed for the ongoing political crisis in Rivers State, a PDP-controlled state.

Damagum said, “Our stand about Wike, I have always said this thing that as long as you are a member of the PDP, there is a time for everything. My duty is to stabilise this party and not to cause crisis. And I will continue to do that within the confines of reason.

“When things go out of hand, we will act. But meanwhile, we still see it within the ambit of the law. Mind you, we have other litigation going on in this party and we won’t want to plunge our party into another crisis.

“And let me tell you something, it’s not only Wike, there are other people who worked against this party. When we get to that level we will sanction everybody. If Wike believes he is above this party, we will be able to show him that he is not above this party.”

Damagum, who noted that there was never a time Wike said he is not a member of the PDP, added that the party’s yet-to-be-inaugurated 2023 review committee will present a report and recommend appropriate sanctions against those involved in anti-party activities.

“They are to review what happened in 2023 and come out with a report not only about one person, but every person who has in one way or another engaged in anti-party. Then after that, we will see what kind of measure to take”, he added.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

54 minutes 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

1 hour 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

3 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.