News

Miners Seek FG Partnership To Shore Up Forex, Elect New Exco

Published

3 years ago

August 4, 2023

L-R: National Secretary, Suleiman Arzuka, National Publicity Secretary, Fatai Jimoh, Nation Secretary, Sulaiman Liman, Vice President, Ibrahim Danyaro, Assistant Secretary, Shehu Dinawa and Financial Secretary, Tope Adebanjo

Miners in Mineral Resources in Nigeria, Thursday, said the sector holds a huge potential in contributing to the nation’s Gross Domestic Product, GDP, and capable of generating enough foreign exchange if there is proper synergy and partnership between the Federal Government and private miners.

The Chairman, Board of Trustees, (BoT), Miners Association of Nigeria, (MAN) Sani Shehu, spoke at the 2023 delegates election of new executive members of the body in Abuja.

He said harnessing mining potential is another sure way the Federal Government can earn more forex especially in the face of the rising inflation in the country where a dollar now goes as high as N900.

He said, “Mining is a very critical sector more than ever before and government is under serious pressure as to source it’s forex but unfortunately as Nigeria, a dollar as at yesterday is N900 and I think this is very sad and if you look at the world economy there is no option of strengthening the naira than to source for more dollars and happily more of these mineral resources are dollar earn product and very few are naira source.

“Therefore, mining sectors and miners as operators have a critical role to play in term of generating foreign exchange and therefore we have know how important we area and work close with government to give us all the support we want.

Also, the Permanent Secretary, Ministry of Mine and Steel Development, Dr Mary Ogbe, represented by Engineer Okhunoya Sunday Onah of mining Inspectorate department in the ministry, lamented that mineral such such columbite, tantalite, Lead/Zine and Tim are exported and others are exported raw to Asian countries and Europe at ridiculous prices without value addition adding that it has not help technological and industrial growth of Nigeria.

He, therefore called on the association to encourage research and development that could encourage value addition to most of the mineral that the nation is endowed with.

The newly sworn-in president of the association, Dele Ayanleke who scored 137 votes to defeat his rival, in his acceptance speech promised to re-engineer, reposition and restructure the body even as he noted that the association over the years has lost it “goodwill and became a pariah in the scheme of industry reckoning”.

Other members of the excos who were administered oath of office includes the National Secretary, Suleiman Arzuka, National Publicity Secretary, Fatai Jimoh, Nation Secretary, Sulaiman Liman, Vice President, Ibrahim Danyaro, Assistant Secretary, Shehu Dinawa and Financial Secretary, Tope Adebanjo

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.